Tameem Alsharif

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Israel and Saudi Arabia: Strange Bedfellows in the New Middle East

On the surface, it would seem that Saudi Arabia and Israel would be the worst of enemies — and indeed, they’ve never had diplomatic relations.<p>After …

Revealed: Saudi Arabia owns $117 billion of U.S. debt

One of the biggest mysteries in global finance was just revealed: How much U.S. debt Saudi Arabia owns.<p>Saudi Arabia stockpiled $116.8 billion of U.S. Treasuries as of March, the Treasury Department announced on Monday, ending four decades of keeping the figure secret.<p>That makes Saudi Arabia the …

Saudi Arabia

Saudi Arabia's Vision 2030 plan to transform its economy might be all 'smoke and mirrors'

The question is, can they do it? Oil covers 70 percent of government revenue, while the oil industry is a major employer for the Saudi workforce. The immediate reaction to the plan, announced on April 25 by Crown Prince Muhammed bin Salman, was guarded optimism. Recently there has been much more …

Saudi Vision 2030: A Quiet Pragmatic Revolution

The Vision 2030 plan announced by Saudi Arabia this week is nothing short of astonishing. It is a renaissance project built on pragmatic and scientific foundations, and a collective workshop aiming to substitute nationalization, rentier, and top-down models with a liberal economic and social …

Not So Rich Anymore, Gulf Arabs Enter World of Cuts and Strikes

A cushy government job, cheap fuel, a mortgage-free home and a bit of five-star travel and luxury shopping were never too much to expect in the …

Launch Of Saudi Economic Reform Plan Fails To Impress

After a huge build-up, the Saudi government’s announcement of its reform plans on April 25 ended up as a bit of a damp squib.<p>In a series of interviews and statements, Deputy Crown Prince Mohammed Bin Salman (MBS) mostly repeated what he had told <i>The Economist</i> and <i>Bloomberg</i> in extensive interviews in …

Here's the real reason oil's most important meeting in decades was a complete dud

Was it simply Saudi enmity toward Iran? Not exactly. Upon closer scrutiny, we can find the Saudi masterstroke behind Doha.<p>It is well known that Saudi Arabia is heavily dependent on oil revenues, and that those revenues are on the brink of collapse. They have sought financial aid from various …

Saudi Arabia's new economic vision: Oil free by 2020?

Saudi Arabia on Monday approved plans for a major economic revamp, aimed at diversifying its economy away from oil in the wake of a dramatic fall in …

Middle East

Saudi Arabia Wants to Make Half of Its Military Purchases Domestically

As part of a larger shakeup designed to move Saudi Arabia’s economy beyond oil, Deputy Crown Prince and Minister of Defense Mohammed bin Salman …

Traveling Faster Than Light? Four Phenomena That Put the Cosmic Speed Limit to the Test

The Cosmic Speed Limit<p>The speed of light is widely known to be the absolute pinnacle of movement. When Albert Einstein first entwined mass and energy …

Physics