Will Economic Cities Bring Saudi Social Reform?

Given that the Economic Cities are such massive undertakings, it is no surprise that Andrew Hammond in Reuters wrote last week that the Economic Cities are “under pressure to deliver.” That’s because the four cities are massive reinvestments in the Kingdom’s own modernization and possibly the greatest single planned governmental effort at economic diversification in history. The […]

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Islamic Finance: $1 billion dollar Sukuk offer by IsDB

Soraya Permatasari of Bloomberg reports that the Jeddah-based Islamic Development Bank, a multilateral development financing institution, will offer $1 billion of Sukuk to “fund development projects in its member countries.” Sukuk bonds, which are Islamic bonds structured to comply with Shari’ah law, have gained in popularity in recent years and are likely to see a growth […]

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Cordesman: US Arms Sales To Saudi Arabia To Help Secure Saudi Oil Flow

Anthony Cordesman of the Center for Strategic and International Studies (CSIS) discusses the new US-Saudi arms deal in the context of US strategic realities in the Middle East in the coming years and decades. As the US leaves Iraq, which is many years off from having a respectable national military, Saudi Arabia stands alone as America’s most stalwart ally […]

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