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.
Given their territorial proximity, the regional actors of the Middle East have always had an interest in Georgia and the South Caucasus as a window to Europe. The collapse of the Soviet Union brought an end to Georgia’s isolation, and in the years since the country has gradually started reclaiming its historical role as a cultural and economic crossroads between Asia, the Middle East, and Europe.
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.
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.
The U.S. and World Bank sponsored talks last week between Egypt, Ethiopia, and Sudan, over the Great Ethiopian Renaissance Dam – the latest developments in a regional soap opera that’s been running since 2010, when Ethiopia first announced the construction of the dam.
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.
On Oct. 23-24, Russian President Vladimir Putin co-chaired the Russia-Africa Economic Forum in Sochi with his Egyptian counterpart Abdel-Fattah el-Sisi. At the conclusion of the summit, which brought 43 African heads of state to the Black Sea resort town, Sisi emphasized the importance of strengthening Egypt’s partnership with Russia, and Putin described Egypt as a “pillar for security and stability in the Middle East and Africa.”
After violent confrontations with the government of Yemen and repeated struggles for autonomy, members of the Southern Transitional Council (STC), which represents a political movement that calls for secession, appeared satisfied with the terms of a deal that will be signed with the government of Yemen in Riyadh on Oct. 31. The Saudi-brokered agreement united the conflicting parties in their fight against the Iran-backed Houthis, with a strong vision aimed at stopping any side-show that could endanger this effort.
The FII’s public relations bash is important in that it shows the world that the leadership of the kingdom has an ambitious and real vision to move the country forward.
Egypt and Ethiopia remain at odds over the Great Ethiopian Renaissance Dam. Currently almost 70 percent complete, the giant upstream dam, which can hold the entire annual rainfall of the Nile, has the capacity to essentially turn the taps off on Egypt, depriving the country of the river water that supplies a mind-numbing 90 percent of its fresh water.
Reports of a secret war being waged by Hamas against Salafi-jihadist groups in the Gaza Strip are indicative of increasing challenges to the former’s security control within the enclave. Hamas’ current approach to violent Salafist cells in Gaza is equally demonstrative of an ongoing warming of relations between Cairo and Hamas, and one that has afforded Hamas international legitimacy and an ease in border restrictions.
Putin’s visit to Saudi Arabia and the UAE takes place as the U.S. position in the Middle East collapses in the face of a series of misjudgments and “own-goals” by the Trump administration.