The main takeaway from the Saudi Aramco IPO in December 2019 is that the Saudi leadership is willing to fully support private investors.
Over the past 14 months, there have been moments when it seemed like progress was being made toward de-escalation in Yemen, but there have also been significant setbacks as well. Peace efforts thus far have been largely fragmented and frail, and two primary lessons from the past failures have become clear.
Reuters reported on Jan. 30 that the FBI has been investigating Israeli spyware firm NSO Group since 2017. The revelation comes after Sen. Chris Murphy and UN Special Rapporteur Agnes Callamard called on the U.S. to investigate the apparent hacking of Amazon CEO Jeff Bezos’s phone by Saudi Crown Prince Mohammed bin Salman. In its statement, the UN identified NSO Group as a likely source of the malware.
Thus far, the reaction to Soleimani’s assassination among the Gulf states has been cautious.
In our annual year in review episode, MEI experts Paul Salem, Gonul Tol, Charles Lister, Alex Vatanka, Marvin Weinbaum, and Mirette Mabrouk sit with host Alistair Taylor to discuss the key events across the region in 2019, what surprised them, and where things stand as we head into 2020.
Since 2017 three separate blocs have emerged within the Gulf. Driven by the region’s divisions, rival power centers, and conflicting interests, the Gulf states are playing an ever-greater role in Palestinian affairs.
Aspiring Powers, Regional Rivals examines relations between Turkey, Egypt, and Saudi Arabia, three key aspiring regional powers that have sought to take on a growing role in the Middle East in recent years at a time of declining U.S. influence and involvement.
The steps the Saudis have taken in 2019 may help to ease international pressure on the kingdom’s leadership and restore its image as a constructive player in the world.
The subject of extensive international interest and attention over the past few years, blockchain technology is regarded as a key component of the fourth industrial revolution. This article seeks to shed light on the use of blockchain technology in the Gulf states by analyzing current trends of blockchain adoption in the region compared to those internationally. In so doing, it will determine Gulf institutions’ capacity for keeping pace with the changes and developments blockchain adoption has introduced.
On Nov. 23, Malaysia’s prime minister, Mahathir Mohamad, announced that his country will stage an Islamic summit in Kuala Lumpur from Dec. 19-21. The event, on the theme of “The Role of Development in Achieving National Security,” will feature representatives from the host country as well as Indonesia, Pakistan, Qatar, and Turkey. Around 450 leaders, scholars, clerics, and thinkers from 52 countries will attend, along with Turkish President Recep Tayyip Erdoğan, Qatari Emir Sheikh Tamim bin Hamad al-Thani, Indonesian President Joko Widodo, and Pakistani Prime Minister Imran Khan.
The leaders of the six GCC member states will meet in Riyadh on Dec. 10 amid signs that the 30-month-old confrontation with Qatar by the self-described “Anti-Terror Quartet” is diminishing.
The 12-country Gas Exporting Countries Forum (GECF), which held its latest meeting in Equatorial Guinea on Nov. 28, has never had OPEC’s ability to control energy prices, but that is likely to change as liquefied natural gas (LNG) transforms the gas market from a regional to a global one.
Four decades on, echoes of the November 1979 assault on the Grand Mosque in Mecca continue to reverberate. Coming on the heels of the Iranian revolution and days after the Iran hostage-taking, the Mecca attack, carried out by a group of several hundred Saudi extremist Islamists declaring a new Mahdi, shocked the Sunni world and pushed Muslims in a far more conservative direction.
The Saudi Aramco IPO got started this Sunday morning with shares priced at SAR 30-32 ($8-8.50) each, valuing the company at $1.7 trillion, $300 billion below the original estimate. The lower valuation has been expected for some time by most investment banks and many financial analysts. The proceeds are expected to fund the Public Investment Fund’s forays into non-energy-based companies, advanced technologies, and even robot-filled cities.
After more than two months of Saudi-mediated indirect talks between the Republic of Yemen Government (ROYG) and the UAE-backed Southern Transitional Council (STC), the two sides finally reached a deal on Nov. 5. The Saudi effort, which culminated in the signing of the Riyadh Agreement, is aimed at resolving the conflict within the Arab coalition-backed front and uniting the two parties in the fight against the Iranian-backed Houthi militias. The agreement, which spans political, economic, security, and military arrangements, involves restructuring the executive, military, and security branches of the ROYG, partial disarmament of STC-loyal forces, and the demilitarization of Aden — all of which will be phased in over the next three months.