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Biden Middle East

Saudi home ownership

Saudi home ownership fund hands out $257m in March

Saudi Arabia’s Real Estate Development Fund provided another SR963 million ($257 million) in housing support in March. This takes the total given since 2017 to increase home ownership in the kingdom to $15 billion, the Saudi government said.  The government is trying to raise home ownership among nationals to 70 percent of the population by […]

The superpowers' preoccupation with domestic affairs in 2024 is not expected to have a major negative impact on Middle East businesses

US-China tensions among risks facing Middle East

The divide between China and the US is one of the top five global risks facing businesses in the coming year, according to consultancy Control Risks.  But commentators said the Middle East would continue to engage economically and politically with both superpowers, with little negative impact on trade flows.  Control Risks’ annual “RiskMap” forecast highlights […]


Emerging ‘consequences’ of the US-Gulf fallout over OPEC’s cuts

OPEC+’s announcement last week of a two million barrel per day (bpd) production cut from November has rocked already fragile US-Gulf relations.  Joe Biden pledged that “there will be consequences” for Saudi Arabia in the same week that the UAE president flew to Moscow to meet Vladimir Putin. In response to Biden’s threat of retaliation, […]

OPEC+ cuts: the media’s verdict

Major stock markets in the Gulf rose in early trading on Thursday, joining the rise in oil prices following the announcement late on Wednesday October 5 that the oil alliance OPEC+ had agreed to cut production by about two million barrels per day, the largest reduction since 2020. OPEC+ agrees deep oil production cuts, Biden […]

UAE reforms seen as magnet for further US investment

A series of new economic and social reforms, known as the Projects of the 50, will make the UAE an even more attractive environment for American businesses. According to Danny E Sebright, president of the US-UAE Business Council, the UAE is already widely recognised by American businesses for these strengths. “Another important strength of the […]

Tie, Accessories, Accessory

US special envoy for Yemen travels to the Middle East

The US special envoy for Yemen will visit Saudi and Jordan this week, as part of diplomatic efforts in support of the United Nations-mediated truce in Yemen. The US State Department reported on Monday. Tim Lenderking’s “engagements will focus on expanding, extending, and renewing the current truce agreement that will further the tangible benefits already […]

President Joe Biden in Jeddah

Biden boosts relations but fails to move the dial

The president hoped to reset Washington’s relationship with the Middle East last weekend. In this in-depth analysis, AGBI explores how he performed on Israel, Iran, human rights and oil President Joe Biden’s whirlwind tour of the Middle East sought to reinforce America’s commitment to the region after several years of disengagement. In a speech to […]

The road from Jeddah: US and Saudi set out their 19 priorities

Clean energy, investment deals and space exploration are at the heart of the Jeddah communiqué – the partnership agreement issued by the US and Saudi governments after President Joe Biden’s meeting with King Salman and Crown Prince Mohammed bin Salman. Among the agreements reached during the president’s visit on July 15 and 16 was a […]

President Biden meets with Iraqi prime minister Mustafa al-Kadhimi

Biden tells Arab leaders that US is committed to region

President Joe Biden told an Arab summit today that the United States would remain firmly committed to its allies in the Middle East and was “not going anywhere” as he lobbied for a regional security alliance that would integrate Israel. Biden, who began his first trip to the Middle East as president with a visit to Israel, […]

biden Mohammed bin Salman

Biden confronts MbS over Khashoggi before talking oil

US president Joe Biden said he told Saudi Arabia’s crown prince Mohammed bin Salman he held him responsible for the murder of Washington Post journalist Jamal Khashoggi, shortly after exchanging a fist bump with the kingdom’s de facto ruler. On a trip to reset relations with a country he had called a pariah after Khashoggi’s killing in […]

Biden arrives in Saudi

Biden starts sensitive Saudi visit, no immediate oil pledge expected

President Joe Biden arrived in Saudi Arabia on Friday to discuss energy supply, human rights, and security cooperation on a trip designed to reset the US relationship with a country he once pledged to make a “pariah” on the world stage. Energy and security interests prompted the president and his aides to decide not to […]

biden saudi arabia

Biden’s first win: Saudi Arabia opens airspace to Israel

Saudi Arabia has announced it will open its airspace to all air carriers, including Israeli flights – marking a stepchange for the kingdom which has a historical stance of not officially recognising Israel.  The Saudi General Authority of Civil Aviation (GACA) issued a statement on Thursday saying that the country’s airspace was now open to all […]

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What the papers say: Day two of Biden’s Middle East trip

A round up of the opinion and views published by regional and international media on US president Biden’s trip to the Middle East. LOCAL PAPERS: Saudi Arabia’s Arab News: Saudi Arabia, US have chance to reenergise their relationship  Arab News ran an opinion piece authored by Dr Abdel Aziz Aluwaisheg, the GCC assistant secretary-general for […]