Via Modern Diplomacy, a report on Saudi Arabia’s growing tourism industry: Saudi Arabia, a land traditionally synonymous with oil and Hajj pilgrimages, is making headlines with its burgeoning tourism sector. Over a three-month period, the kingdom witnessed a staggering inflow of 7.8 million people, generating a revenue of $9.86 billion in the first quarter of […]
Read more »Via Modern Diplomacy, analysis of the BRICS’ Middle East expansion: BRICS’ expansion into the Middle East operates as a combination of regional and global dynamics. The expansion is not just a passive presence but rather an active and interactive process that impacts both regional and global contexts. BRICS has entered the Middle East with the […]
Read more »Via Geopolitics in South Asia, commentary on Saudi Arabia’s announced economic corridor linking India, the Middle East, and Europe: According to Saudi Gazette, Saudi Crown Prince and Prime Minister Mohammed Bin Salman announced the signing of a memorandum of understanding (MoU) for an economic corridor project connecting India with the Middle East and Europe. The […]
Read more »Via South China Morning Post, an article on growing financial cooperation between China and Saudi Arabia: Bank of China (BOC) opened its branch in Riyadh on Tuesday, more than two years after being given approval by the Saudi Arabian government China’s ambassador to the kingdom, Chen Weiqing, pointed to the financial, investment and geographical advantages […]
Read more »Via The Iran Project, a report on a recent announcement that Iran, Saudi Arabia, and Turkey would welcome joint investment: The Iran Project – Iranian Foreign Minister Hossein Amirabdollahian declared that Iran, Saudi Arabia, and Turkey have welcomed a summit aimed at improving economic and commercial cooperation and joint investment. He made the comments during […]
Read more »Courtesy of Bloomberg, a report on BRICS expansion: Major emerging market nations invited top oil exporter Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates to join their bloc in a push to expand its global influence. Leaders from Brazil, Russia, India, China and South Africa agreed to enlarge their BRICS group from Jan. 1 at a summit held in Johannesburg, […]
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