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.
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.
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.
President Vladimir Putin heads to Riyadh to try to pry loose multi-billion-dollar investments that Saudi Arabia has pledged to Russia but failed to deliver on. Putin also hopes to persuade the kingdom to increase two-way trade.
Saudi Arabia’s archeological treasures have long been hidden in plain sight, known mainly to the people living in their proximity and a handful of scholars. But five recent UNESCO World Heritage Site designations have highlighted the universal value of the country’s material legacy.
On Sept. 14, the news that Saudi Arabia’s oil facilities had been attacked and damaged came as a shock. And yet, in the not too distant future, this attack will likely be regarded as a tactical mistake. Tehran has miscalculated the timing of such a spectacular attack and it’s unclear whether Iran will get another opportunity to strike such a surprise blow again.
After five years of indecisive war, there is a clear desire on the part of the international community to bring the conflict in Yemen to an end, and the recent UN-endorsed Houthi initiative seems predicated on the assumption that ending the fighting between Riyadh and the Houthis would achieve this. A closer look at the situation, however, suggests this assumption is flawed.