International Crown Prince Mohammed bin Salman's Ambitious Quest to Modernize Saudi Arabia

@Arkain2K out of curiosity, what is your reason for being interested in the Crown Prince and Saudi Arab's future?

Same reason why I've made comprehensive discussion threads about important/interesting events on every continent over the last 4 years, from the Americas to Europe to Asia to Africa: I'm a citizen of humanity who enjoys watching the on-going development of the human race around the world.

Besides, International News is a hell lot more interesting to read than the same ol stale Republicans vs. Democrats squabble that most partisan drones posters are content with in the W.R, I tell ya that.
 
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Same reason why I've made comprehensive discussion threads about important events on every continent, from the Americas to Europe to Asia to Africa: I'm a citizen of humanity who's interested in keeping an eye on the on-going development of the human race around the world.

You are a great human being. Beautiful answer
 
It is an interview from prison, you can take everything he said with a grain of salt. His physical appearance speaks more than his words. If he is released, I doubt he will remain in Arabia.

He's released after settlement:

Saudi Arabia frees Prince Alwaleed and other billionaires held since November in graft crackdown
By VIVIAN NEREIM | JAN 27, 2018​

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Saudi Arabia freed Prince Alwaleed bin Talal and several of the kingdom's most prominent businessmen from detention this weekend, clearing out the Ritz-Carlton hotel that served as a jail for the country's elite during a controversial crackdown on corruption.

Alwaleed, the billionaire chairman of Riyadh's Kingdom Holding Co. who owns stakes in Citigroup Inc. and Twitter Inc., returned home on Saturday after reaching a settlement with authorities, a senior government official said on condition of anonymity. He will remain at the helm of his company, the official said, declining to provide the other terms of the deal. Waleed al-Ibrahim, head of a major media firm, and retail billionaire Fawaz Al Hokair were also freed after agreeing to deals, another government official said.

The prince's release came just hours after Alwaleed told Reuters in an interview that he expected to go home soon and retain control of his company, calling his detention a "misunderstanding" and expressing support for the kingdom's rulers. With the suspects' names and evidence against them never officially announced, the detentions had raised concerns about transparency among foreign investors — vital to Crown Prince Mohammed bin Salman's plan to diversify the economy away from oil.

Kingdom Holding didn't immediately respond to a request for comment.

Through Kingdom, Alwaleed has built up a diverse portfolio, ranging from high-end hotels such as the Savoy in London and the Plaza in New York to Lyft and Apple.

Alwaleed has also had a long relationship with Disney, dating to 1994, when the prince agreed to buy about $300 million in newly issued Euro Disney stock. That deal helped restructure the debt of the then-flailing Euro Disney theme park.

Just last year, Alwaleed agreed to exchange nearly all of Kingdom's Euro Disney shares for Walt Disney Co. shares, allowing Disney to take full control of the Paris theme park during a time when the Burbank entertainment giant sought to delist Euro Disney from the Euronext stock exchange. Kingdom retains a 1% stake in Euro Disney.

Alwaleed also has been a longtime ally of Rupert Murdoch but recently sold his stake in Murdoch's 21st Century Fox. He previously owned about 5% of Fox.

The departures from the hotel mark the end of the first phase of Prince Mohammed's anti-corruption campaign, which shook the kingdom when it was launched in November. Hundreds of suspects were arrested, including some of the country's richest men and its top economic policymaker. Officials say the government expects to reap more than $100 billion from settlements with detainees in exchange for their freedom. Others have been transferred to prison to face trial, the Wall Street Journal reported.
Also released this weekend after agreeing to settlements were Khalid al-Tuwaijri, head of the royal court under the late King Abdullah, and Prince Turki bin Nasser, who was involved in a massive arms sale that led to corruption probes in Britain and the U.S., one of the government officials said.

Several of those released from detention earlier appear to be returning to their lives as usual. Among them is the former finance minister and minister of state, Ibrahim al-Assaf, who recently led Saudi Arabia's delegation to the World Economic Forum in Davos, Switzerland.

"If they can just go back to their old jobs, it would appear that the campaign was just a warning signal, and an effort to raise money," said Gregory Gause, a professor of international affairs and Saudi specialist at Texas A&M University. "If that is all that it was, I wonder if anything will change."

The identities of the detainees and some of the allegations against them were leaked to media, but few details have been provided on their cases or on the settlements many have reached since then. Critics say Prince Mohammed initiated the drive to intimidate potential opponents and consolidate his grip on the country. Government officials have denied that accusation.

"The end of the current phase of the corruption campaign during Davos is signaling a shift in Saudi strategy for welcoming investors who have been deeply disturbed by this episode," said Theodore Karasik, a senior advisor at Gulf State Analytics in Washington.
The allegations against Prince Alwaleed were never formally made public, though a senior official told Bloomberg at the time of his detention that he was accused of money laundering, bribery and extortion. The billionaire maintained his innocence in his interview with Reuters, saying all his dealings had been appropriate and that it was "very important to come out of this clean and pure."

The senior official said he couldn't confirm or deny if the prince had been found innocent.

"Settlements don't happen unless the accused acknowledges violations and documents that in writing and pledges that he won't repeat them," the official said. "This is the general principle of all who were detained in corruption cases recently and not only Alwaleed bin Talal."

During his detention, the Middle East Broadcasting Center's chairman, al-Ibrahim, was pressured by the government to give up a controlling stake in his Dubai-based company, according to two people familiar with the matter. The terms of his release aren't clear. Al-Ibrahim will return to running the media company as usual, one of the people said, and Reuters reported that his ownership hasn't changed, citing an official.

The purge has pleased some Saudis by showing that Prince Mohammed's economic shakeup is affecting the wealthy as well as the poor, said Tom Coghlan, director for the Middle East and North Africa at K2 Intelligence in London.

But observers should not "underestimate the anger among the Saudi elite," Coghlan said. "There is a significant flight-of-capital risk."
http://www.latimes.com/business/la-fi-ct-saudi-alwaleed-release-20180127-story.html
 
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Crown Prince Mohammed bin Salman, the heir to the Saudi Arabian throne, arrives in Washington on Monday on a mission.

Mohammed, 32, is the new face of the kingdom, a combination of retail political skills, ruthless autocracy and a youthful drive toward modernity tempered with the religious piety no Saudi leader could survive without.

Less than a year into his reign, he has moved quickly to remove internal rivals and transform the conservative Saudi culture, diversify the country’s economy and consolidate its power and his own as the leader of the Arab world.

After meetings with the Trump administration, he will embark on a two-week, coast-to-coast tour of U.S. business and technology centers, hoping to woo new investment and convince Americans that he and his country are modern, worthy partners.
 
AMC to open first commercial cinema in Saudi Arabia in 35 years
The Dalian Wanda-controlled group eyes chain of 40 locations in liberalising kingdom

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Crown Prince Mohammed bin Salman has been a liberalising force in Saudi Arabia, most recently allowing the opening of the kingdom’s first commercial cinema in 35 years

AMC Entertainment this month will open the first commercial theatre on Saudi Arabian soil in 35 years.

The kingdom closed its cinemas in the early 1980s following a revival of hardline Islamic sentiment, but late last year announced reform measures pursued by Crown Prince Mohammed bin Salman.

The Ministry of Culture and Information broke the 35-year ban this week, awarding a cinema operating licence to a subsidiary of the Public Investment Fund of Saudi Arabia. AMC, which is owned by Chinese conglomerate Dalian Wanda, has signed an agreement with the investment fund to open and operate the cinemas, the first of which is expected to open on April 18 in the capital, Riyadh.

A press release from the company showed pictures of a colourful theatre atrium in the King Abdullah financial district, part of a new development zone in Riyadh. AMC aims to open up to 40 cinemas in 15 cities in the kingdom over the next five years, it said in a statement. By 2030, it plans to have between 50 and 100 cinemas in operation in 25 cities.

“The decision is part of Saudi Arabia’s social and economic reform programme under Vision 2030, spearheaded by His Royal Highness the Crown Prince Mohammed bin Salman, who is on an official visit to the United States,” AMC said in a statement on Wednesday.

As part of a charm offensive directed at the US, Prince Mohammed met with people such as media entrepreneur Michael Bloomberg and Goldman Sachs chief executive Lloyd Blankfein last week in New York.

The 32-year-old has rapidly consolidated power over the past year, launching a sweeping purge of rival princes and tycoons while also leading a devastating war against Shia rebels in neighbouring Yemen.

However, he has also launched social and economic reforms at home aimed at breaking with some conservative laws while also attempting to wean the kingdom off of its oil-based economy.

He recently lifted a ban on women driving in the country. For the first time in decades, the Saudi government is promoting concerts and cultural events to broaden entertainment options for the Saudi people, two-thirds of whom are under the age of 30.

The government hopes the reopening of cinemas will play a part in boosting domestic entertainment spending. It anticipates 300 theatres showing movies will open by 2030, contributing $24bn to the economy and creating 30,000 jobs.

AMC was bought by Dalian Wanda for $2.6bn in 2012. The Chinese property and entertainment group, controlled by tycoon Wang Jianlin, went on to buy other major US assets, including Legendary Entertainment for $3.5bn, but has since come under Chinese government pressure to divest many of its assets.

https://www.ft.com/content/97ff1722-3885-11e8-8eee-e06bde01c544
 
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AMC to open first commercial cinema in Saudi Arabia in 35 years
The Dalian Wanda-controlled group eyes chain of 40 locations in liberalising kingdom

http%3A%2F%2Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%2F78bed224-3891-11e8-b161-65936015ebc3

Crown Prince Mohammed bin Salman has been a liberalising force in Saudi Arabia, most recently allowing the opening of the kingdom’s first commercial cinema in 35 years



https://www.ft.com/content/97ff1722-3885-11e8-8eee-e06bde01c544

was reading about this yesterday, I think they are planning for 40 theaters in next 5 years or so. He wants to keep their money within the country. It is funny, because the elites there behave like infidels, and have to leave the country to do so. Yet they keep the average citizens as slaves pretty much. I guess they look at Dubai, and are jealous.

I know he is trying to get investments now on this trip. Would be funny if they got the money, but instead of using it to build theaters, they use it to fund terrorists/militants in the region.
 
marketing ploy to make that shithole appear decent.
 
Saudi crown prince visits MIT as part of US tour
By the Associated Press March 25, 2018

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CAMBRIDGE — A member of a foreign royal family visited one of the most prestigious universities in the nation.

Crown Prince Mohammed bin Salman of Saudi Arabia is touring the US and visited MIT on Saturday to promote an academic energy agreement.

The second annual ‘‘Innovation to Impact Forum’’ took place in conjunction with bin Salman’s visit, and featured exhibits from by MIT-affiliated companies like robotics group Boston Dynamics, and international businesses like oil company Saudi Aramco.

Bin Salman facilitated a ceremony where new agreements between the university and Saudi entities were signed, including one focused on global energy and sustainable development with Saudi Aramco.

This is part of Saudi Vision 2030, a plan initiated by bin Salman in 2016 to reduce his country’s dependence on oil and develop other sectors like health and tourism.

He and MIT proctored an agreement between Boston’s Brigham and Women’s Hospital and King Abdulaziz City for Science and Technology in Saudi Arabia that will focus on medical research projects.

Another agreement brings post-doctoral Saudi women scientists and engineers to MIT to conduct research.

https://www.bostonglobe.com/metro/2...t-part-tour/p1didMGuD7bgTLgLDG8MML/story.html
 
Hollywood rolls out the red carpet for Saudi Arabia's crown prince, hoping to cash in on a new market
By Ryan Faughnder | Apr 02, 2018

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Mohammed bin Salman, the 32-year-old crown prince of Saudi Arabia, is sure to be treated like a movie star when his tour of the United States comes to Los Angeles this week.

The royal heir apparent, who learned English by watching films as a child, is expected to dine at producer Brian Grazer's Santa Monica home, attend an event at Rupert Murdoch's Bel-Air estate and meet with show business power players, including talent agency boss Ari Emanuel and Walt Disney Co. Chief Executive Bob Iger.

Mohammed's trip to Los Angeles — part of a coast-to-coast American tour marked by meetings with President Trump and Silicon Valley bigwigs — has elicited excited curiosity among entertainment industry executives who see the desert kingdom as a lucrative new market for movies — and a potential source of much-needed financing. Hollywood's biggest foreign financial partner, China, has mostly stopped writing checks because of a government crackdown on foreign investments and leveraged deals that once dominated headlines.

Cinema owners and studios in the U.S. and elsewhere have been salivating since Saudi Arabia ended its 35-year ban on movie theaters in December. The move was part of a larger push to modernize the kingdom's culture and diversify its oil-dependent economy. The nation's cinemas, once built out, could generate $1 billion in annual box-office receipts, industry experts said.

"They're all vying like crazy to get into the market," said John Fithian, chief executive of the National Assn. of Theatre Owners, a cinema industry trade group in Washington, D.C. "The kingdom's decision to open up the cinema business is historic and substantial."

It's easy to see why Hollywood would seek to woo the prince, despite the striking incongruity between its predominantly liberal values and the ultra-conservative mores of a country that only recently promised women the right to drive.

Saudi Arabia has 32 million people, most of whom are under 30 years old. Many have significant disposable income and a lack of entertainment options, a prime demographic for theater chains.

"It is a large market, by far the largest in the Middle East," the Saudi minister of culture and information, Awwad Alawwad, said at his office in the Saudi capital, Riyadh. "It is also an untapped market that hasn't been explored before."

Still, U.S. studios face enormous challenges in trying to crack the Saudi market, including heavy restrictions on what kinds of movies will be allowed in a country averse to depictions of sex and nudity (sorry, "Fifty Shades of Grey"). Films will be censored to ensure they reflect the kingdom's "moral values." Men and women could be segregated in theaters.

Saudi Arabia's interest in entertainment follows a long line of investors from foreign countries — including Japan, Germany, India and some Middle Eastern nations — who were lured by the glamour of Hollywood only to get burned.

"It's a courtship process," said entertainment business lawyer Elsa Ramo, an expert in film finance. "Everybody's in the dating phase right now."

Entertainment executives who meet with the prince and dignitaries are hoping to learn more about the country's plans. Some deals are already percolating. The Public Investment Fund — the kingdom's major sovereign wealth vehicle — is close to buying a stake of less than 10% in Emanuel's talent agency and media company Endeavor for at least $400 million.

Fund representatives declined to comment, but Saudi Arabia authorities said in February they plan to spend $64 billion on entertainment projects, including theaters and concert venues, in the next decade. About $10 billion is set aside for film investments.

"Saudi Arabia is investing across the board to expand both the creative output of Saudi artists and entrepreneurs, and to make Saudi Arabia a central hub in what is today a truly globalized entertainment industry," said Sandy Climan, president of Los Angeles investment and advisory firm Entertainment Media Ventures, who is a frequent visitor to the Middle East.

Signals of the kingdom's courtship strategy are beginning to emerge. On Wednesday, the country's General Entertainment Authority will host a lunchtime summit at the Four Seasons Hotel Los Angeles at Beverly Hills to discuss opportunities for the entertainment industry. The crown prince is not expected to attend the summit. However, Saudi dignitaries including General Entertainment Authority Chairman Ahmed Al Khateeb will be there. The government plans to launch its first film agency at theCannes Film Festival in May.

Saudi Arabia, like China, wants to use its investments to learn about the global entertainment business and build a modern media industry. A major motivation for the country's plan is to drive tourism, and entertainment is a key part of that, experts said. Mohammed also wants to keep young people in Saudi Arabia from fleeing to neighboring nations such as Bahrain to watch movies on the weekends.

"M.B.S. [Mohammed bin Salman] clearly has put an emphasis on sports and entertainment to drive tourism and bring more skilled cultural trade to the region," said David Unger, CEO of Artist International Group, a talent manager specializing in international clients. "Film and television are an important part of culture, and hence a cornerstone to this strategy."

But unlike Chinese investors, the Saudis are not expected to make multibillion-dollar bids on American movie studios and production companies.

"If Hollywood is looking for another source of dumb money, we are grossly mistaken," said Dennis Rice, head of film marketing and distribution consulting firm Visio Entertainment. "They are very savvy and shrewd businesspeople."

A major goal of Mohammed's American tour is to sell the country as a society that is in the midst of major cultural and economic reforms. In a recent interview with CBS' "60 Minutes," the crown prince spoke fondly of the days before the royal family started enforcing strict observance of Islamic law in response to the 1979 seizure of the Grand Mosque in Mecca by religious extremists.

"We were living a very normal life like the rest of the Gulf countries. Women were driving cars. There were movie theaters in Saudi Arabia. Women worked everywhere," he told CBS' Norah O'Donnell. "We were just normal people developing like any other country in the world until the events of 1979."

Critics have said Mohammed's status as a reformer is exaggerated. Saudi Arabia remains a restrictive society that prevents dissent among its citizens and journalists. The recent arrest of dozens of officials, businessmen and princes at the Ritz-Carlton hotel in Riyadh was viewed by many as a power grab by Mohammed. Those arrested included Prince Alwaleed bin Talal, widely known in the U.S. for his investments in such companies as Euro Disney, Twitter and Apple. He was recently released from detention. Congress recently debated reducing military aid to Saudi Arabia over alleged atrocities in Yemen. Female liberal activist group Code Pink announced plans to rally Monday outside Endeavor's office in Beverly Hills to protest the crown prince's visit.

But those geopolitical issues haven't deterred U.S. cinema executives. AMC Theatres, based in Leawood, Kan., and the world's largest theater operator, said in December it had signed an agreement with the Public Investment Fund to develop theaters in the region. Boca Raton, Fla.-based iPic, known for its luxury dine-in cinemas, plans to build as many as 30 theaters in Saudi Arabia over the next 10 years.

And big-screen company Imax, which already has a lone screen housed at a science center in Al-Khobar, aims to operate up to 20 theaters in the country within three years.

"Saudi Arabians have high disposable income, so they're going to seek out the top of the pyramid in terms of the cinematic experience," said Imax Corp. Chief Executive Richard Gelfond. "It's a large opportunity."

Studio executives cautioned that there is still uncertainty about the Saudi market. The populace, for example, has yet to develop the habit of regularly going to theaters, said Andrew Cripps, president of international theatrical distribution at 20th Century Fox Film.

"Today there are no movie theaters, and you don't build an infrastructure overnight," Cripps said. "There's a lot of excitement, but you've got to give that infrastructure time to build."

A number of shopping malls under construction in Saudi Arabia have already included movie screens in their plans and at least 140 others have space that could be adapted for that purpose, Saudi officials said.

One challenge is to address restrictions that prevent unrelatedmen and women from sitting together in theaters, which presents design issues. Depending on government approval, cinemas could create separate auditoriums for men and for families, or they could put them on different sides of the same theater.

Executives from the National Assn. of Theatre Owners flew to Riyadh in December to meet with government officials and discuss how the cinema industry could work in the country, bringing floor plans to display various options.

Saudi officials say they are considering designating theaters as family venues, which would eliminate the need for separate seating.

Another major issue is censorship, which is common in the Middle East. Theater owners have argued for an age-based rating system that would allow for flexibility — similar to the Motion Picture Assn. of America's in the U.S. — rather than one-size-fits-all bans on certain kinds of content.

Saudi officials have embraced the idea and say they are studying how other countries do this. They expect restrictions on content will be similar to those enforced in countries such as Kuwait, Bahrain and the United Arab Emirates.

There's also the question of what movies the population will favor. American family films and blockbusters tend to succeed in the Middle East, but local language productions and movies from India are expected to draw much of the audience, said Imax's Gelfond.

"Not all the box office will be Hollywood box office," Gelfond said. "It depends on what Saudi audiences want to see."

http://www.latimes.com/business/hollywood/la-fi-ct-saudi-arabia-hollywood-20180402-story.html
 
Oprah, Rupert Murdoch, Harvard: Saudi Prince’s U.S. Tour
By TIM ARANGO | APRIL 6, 2018

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Crown Prince Mohammed bin Salman of Saudi Arabia, right, with the Google co-founder Sergey Brin on Friday at Google headquarters in Mountain View, Calif.

LOS ANGELES — He talked about the movie business with Michael Douglas, Morgan Freeman and Dwayne Johnson over dinner at Rupert Murdoch’s house. He discussed space travel with Richard Branson in the California desert, and philanthropy with Bill Gates and technology with Jeff Bezos in Seattle. He visited Harvard and MIT, brokered arms deals with President Trump and sat down with Wall Street financiers. He even met with Oprah Winfrey.

For nearly three weeks, Crown Prince Mohammed bin Salman, the 32-year-old heir to the Saudi throne, has crisscrossed the United States, on an ambitious, choreographed journey through modern American life, while under heavy guard because of his many enemies in the Middle East.

The prince, who arrived in America with a reputation as an aggressive consolidator of power back home and a zealous interventionist abroad, is seeking to change the perception of Saudi Arabia from an opaque and conservative kingdom, where mosques promote extremist ideology and women are relegated to second-class status, to a modernist desert oasis.

Prince Mohammed also has sought to attract American investors for industries going well beyond Saudi Arabia’s Aramco petroleum giant. He is pressing what he has described as a transformative economic agenda, to wean the kingdom from reliance on oil and diversify its economy through public infrastructure investments and development of an entertainment industry — including theme parks along the lines of Six Flags and Disney.

“I think it’s brilliant and I will tell you why,” said Adam Aron, the chief executive of the movie theater chain AMC, who has met with the prince. “The crown prince is aware that Saudi Arabia has had a difficult image in the United States, because it’s been such a conservative country for so many decades. He wants to transform Saudi society in ways that will be very appealing to Americans.”

Mr. Aron spoke this week in a reception area of the Four Seasons in Los Angeles, as attendees of a Saudi conference on the entertainment business ate from a spread of Middle Eastern dishes — lamb kebabs, hummus, tabbouleh. They were entertained by an oud player. Officials spoke about plans to open up the country to concerts, jazz festivals and movies, all an attempt, in the words of one Saudi official, to “drive happiness” in the kingdom, where 70 percent of the population is under 30, and many are glued to their smartphones.

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Prince Mohammed ordering coffee with Michael R. Bloomberg, a former New York mayor, at a coffee shop in New York.


Mr. Aron has been a beneficiary of the crown prince’s economic plan, called Vision 2030. On Wednesday, Mr. Aron and the Saudis announced a deal to open the first movie theater in Saudi Arabia in decades.

“Black Panther,” the Marvel blockbuster, will be the first film shown at the April 18 gala opening in Riyadh, the Saudi capital.

Mr. Aron said men and women would be able to attend films together, a revolutionary step in Saudi Arabia, where public space has long been strictly segregated by gender. He said Hollywood films would be censored in the same way they were in other places across the Middle East: sex out, violence in.

The trip, in its scale and the range of American luminaries on the itinerary, is an undertaking of extravagant ambition, say analysts. One historical parallel occurred in 1943, when the king of Saudi Arabia sent Prince Faisal, his son, to the United States to meet with President Franklin D. Roosevelt during World War II and tour the United States, according to Bruce Riedel, a former C.I.A. official who is now a Saudi expert at the Brookings Institution.

“Even then, the scope wasn’t what you see today,” said Mohammed K. Alyahya, a Saudi expert at the Atlantic Council in Washington. “This is really across the board. It signals that there is deep cooperation beyond just security for oil.”

“For the longest time the Saudis wouldn’t explain themselves, and explain why things were happening in their country,” Mr. Alyahya added. “That is changing dramatically.”

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Prince Mohammed with President Trump at the White House​

The prince’s American tour followed a similar visit to Britain, where he soaked in the royal treatment and dined with the queen. And as in the United States, local lobbying and public relations firms helped present an image of the prince as an economic and social reformer. In London, ads appeared on billboards and the sides of black cabs: “He is bringing change to Saudi Arabia.” “He is empowering Saudi Arabian women.” “He is opening Saudi Arabia to the world.”

For decades, the relationship between the United States and Saudi Arabia could be distilled into one proposition: access to oil for the Americans, and a guarantee that the Americans would protect Saudi Arabia from enemies, especially its chief rival, Iran.

Prince Mohammed’s trip began in Washington, where he met with President Trump and his son-in-law Jared Kushner, who share the prince’s antipathy for Iran and have deepened relations with the Saudis to counter Iran’s growing influence in the Middle East.

The trip ends this weekend in Texas, where the prince meets with oil executives and two former presidents, George W. Bush and George H.W. Bush.

He rose to next in line to assume the throne last year, under his father King Salman, after having helped push aside a cousin as crown prince. And then he locked up some of Saudi Arabia’s wealthiest and most influential businessmen, including members of the royal family, in the Ritz-Carlton in Riyadh in what he described as a crackdown on corruption. The government then seized billions of dollars of their assets, in some cases through physical abuse and intimidation, The New York Times has reported.

Prince Mohammed also has been sharply criticized by human rights activists for waging a bombing campaign in Yemen, where thousands of civilians have been killed, and for cracking down on dissent by jailing bloggers. And in playing to an American audience the prince has faced longstanding concerns over the efforts of Saudi Arabian clerics to export extremist Islamist ideology, beliefs that underpin terrorist groups like Al Qaeda and the Islamic State.

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Prince Mohammed with former President Bill Clinton in New York​


Part of the prince’s rebranding of his nation — and his attempt to address the issue of religious extremism for a country that was home to 15 of the 19 hijackers in the attacks of Sept. 11, 2001 — is a piece of revisionism, say analysts. The prince has argued, in interviews around his trip, that extremism in Saudi Arabia is traceable to the 1979 revolution in Shiite Iran, whose rivalry with Sunni-dominated Saudi Arabia has inflamed sectarian tensions that divide the Middle East.

“It’s really a rewriting of Saudi history,” said Karen E. Young, an expert on Saudi Arabia at the Arab Gulf States Institute in Washington. Ms. Young said that conservative Muslim strains had always coursed through Saudi society, but that drawing a line between before 1979 and after “plays into this rhetoric of the world against Iran.”

It also plays to the sentiments of the Trump administration, which has taken a tougher line and has threatened to tear up the 2015 deal the Obama administration negotiated to curtail Iran’s nuclear program.

For the most part, human rights concerns have not overshadowed the prince’s American journey. At the dinner at Mr. Murdoch’s house, for instance, where guests — but not the prince himself — drank wine from the media mogul’s vineyard, the prince spoke about empowering women in Saudi Arabia, where they will soon be able to drive for the first time in decades, and movie investments in the kingdom. He was not pressed on human rights issues, said one attendee, who described the evening as informal and the prince as “carefully candid.”

Mayor Eric Garcetti of Los Angeles was one of the few Americans who met with Prince Mohammed and in public stressed human rights issues. In a statement, the mayor said he “urged the Crown Prince to continue his efforts to advance women’s rights, and raised concerns about human rights and the ongoing humanitarian crisis in Yemen.”

In Los Angeles, Prince Mohammed’s visit drew a smattering of protests. “He’s coming here under the guise that he’s some great reformer and changing the country,” said Michelle Modglin, 67, a retired nurse, demonstrating outside the Beverly Hills office of the William Morris Endeavor talent agency, which recently received a $400 million investment from Saudi Arabia. “But we know that’s not true as long as he’s bombing Yemen and killing innocent people.”

Later that evening, hundreds of Saudi students from nearby universities — many of whom receive educational scholarships from the Saudi government — packed a ballroom at the Beverly Hills Hotel for a TED-style event put on by the Misk Foundation, a nonprofit founded by Prince Mohammed. During the Misk Talk, successful Saudi men and women representing technology, entertainment and other industries sought to impart wisdom and inspiration to the young crowd.

And on Tuesday night, Misk hosted an art exhibit in an industrial-style event space in the arts district of downtown Los Angeles, where women in miniskirts and leather pants mixed with young Saudi women in head scarves, while young Saudi men who live in Los Angeles worked as volunteer guides to Saudi art.

Hala Alzuhayri, a Saudi woman at the University of San Diego who attended the Misk Talk, praised the prince for opening up the economy and said she was pleased about the new prospects for women, even as she worried about the pace of change. “But we are a Muslim society, so these kinds of big steps have to take time,” she said. “You can’t just shock society with big steps one after another. It’s hard.”

In the cities on his itinerary, fancy hotels reserved all their room for the royal entourage, displacing other guests and disrupting local businesses because of the heavy security. In New York, a green Saudi flag was raised outside the Plaza Hotel near Central Park, and all the rooms were bought at a cost of millions. In Los Angeles, the prince’s entourage took over the Four Seasons and the prince stayed at a private mansion. The Saudis also rented the entire Four Seasons in Palo Alto, near the campuses of Google and Facebook, during the prince’s Silicon Valley stopover. “We have had a request from the State Department for a V.I.P. delegation,” said James Tattersall, the hotel’s director of marketing.

Parts of the trip seemed to verge on chaos before it even began. Journalists and analysts in Washington who follow the kingdom could not get a precise schedule. There was a last-minute scramble for hundreds of visas for visiting Saudis, according to Bloomberg. In New York one night, the tempo of the Middle East, where meetings often stretch into the dark hours of the night, prevailed. Reporters were called to the Plaza near midnight for an announcement of a $200 billion solar power deal between the Saudis and SoftBank.

“It was very disorganized,” said Ms. Young, of the start of the trip. “There was a real lack of coordination.”

But the operation soon stabilized, with a tightly controlled message managed by the Saudi Embassy in Washington with assistance from American lobbying and public relations firms. Almost daily, news releases were issued about the crown prince’s dizzying schedule of meetings.

“It sent a message that this could go very wrong,” she said, of the early chaos. “But to their credit it’s gone very well.”

https://www.nytimes.com/2018/04/06/...mmed-bin-salman-us.html?mtrref=www.google.com
 
Saudi Oil Minister Says Women Drivers Will Boost Gasoline Demand
By Annmarie Hordern | June 23, 2018




The end of Saudi Arabia’s driving ban for women will have an impact on the economy and gasoline consumption, the energy minister said.

The oil-rich kingdom will allow women to drive from Sunday, ending its status as the only country in the world to ban half the population from getting behind the wheel.

“There will be more cars on the road,” Khalid Al-Falih said in Vienna, where he was attending an OPEC meeting. "Women will be more empowered and more mobile and I think they will participate more in the job market over time, so I think it’s going to contribute to employment of females in Saudi Arabia. A secondary effect will probably be higher gasoline demand.”

The plan to allow women to drive is one of the most dramatic move in the government’s bid to open up Saudi society and modernize the economy. Yet at the same time, the government has jailed some women who campaigned to drive for years. Saudi Arabia adheres to an austere version of Islam and has curbs on women, barring them from driving and requiring them to have the permission of a male guardian to marry or travel abroad.

When asked if he was looking forward to his daughters being able to drive, Al-Falih said, “absolutely.”

https://www.bloomberg.com/news/arti...says-women-drivers-will-boost-gasoline-demand
 
Saudi Arabian women can now drive — here are the biggest changes they've seen in just over a year
Rosie Perper | Jun. 27, 2018

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On Sunday, women across Saudi Arabia were allowed to drive for the first time.

It was a monumental shift, and just one of many in the last 18 months. The country has lifted a decades-long ban on cinemas, began building a multi-billion dollar entertainment city 2.5 times the size of Disney World, and is considering developing its own hyper-loop system.

Many of the changes have been pushed by Mohammed bin Salman who, since his promotion to crown prince in June 2017, has taken drastic steps to reform and modernize Saudi Arabia in an effort to shift the country's economy away from oil and prepare the country for the future.

Many of these changes have benefitted Saudi women and, despite how small some may seem, are proving crucial in their march towards equality.

Here are the highlights:


Women are taking to the streets after Saudi Arabia lifted its longstanding ban on women driving.
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Women have been campaigning for driving rights for years, and were finally given the ability to get behind the wheel this week. Many women have spent months preparing for the ban's lifting by taking driving courses specifically designed for women.

Previously, Saudi Arabia was the only country in the world where a woman could go to jail for driving.

While many have applauded the shift, several of the activists involved in the Right to Drive campaign were suddenly arrested and held without charge this month, with many remaining in custody.


Women can now access basic rights, like education and healthcare, without permission from a male guardian.
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The royal decree made by King Salman in May 2017 allows women to access government and health services without requiring consent from their male guardians, who otherwise have the ultimate authority over what women in the country can do.

The King proposed easing the strict male guardianship laws within three months of his decree, but more general guardianship laws are still in place today — male approval is needed for women to apply for passport, get married, or even leave jail.

Women regularly face difficulty conducting transactions, like renting an apartment and filing legal claims, without a male relative's consent or presence.

Source: Human Rights Watch


They can also open their own businesses without a guardian's permission.
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Saudi Arabia's Ministry of Commerce and Investment said in February 2018 that women would be able to "start their own business freely," and no longer faced more obstacles than men in becoming entrepreneurs.

Dima Al-Shareef, a Saudi law consultant, told Arab News that the country was "witnessing a new era in the empowerment of Saudi women, in the commercial sphere in particular."


Stadiums recently began letting women watch sports live.
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Saudi women watch the soccer match between Al- Hilal club against Al Ittihad club at the King Fahd stadium in Riyadh, Saudi Arabia January 13, 2018.

King Abdullah Sports City stadium in Jeddah made history when allowed women to sit in the stands to view a national soccer game in January 2018.

Despite gaining entry, women were segregated from men and had to use special entrances designated for women and families.

The Saudi government announced in October last year that it would be opening up stadiums in Riyadh, Jeddah, and Dammam for women and families. The government added that plans to open up more women-friendly facilities at stadiums around the country would be ready within the year.

Source: The Guardian


And the number of women working in the private sector has soared 130% from 2013.
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In March 2017, the Ministry of Labour and Social Development said in that women represent 30% of the private sector work force.

The report said that the government hopes to see that number jump by an extra 28% by 2020.

Source: Al-Arabiya


Sarah Al-Suhaimi became the first woman to chair Saudi Arabia’s stock exchange.
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British Prime Minister Theresa May attends a meeting with Sarah al-Suhaimi, in Riyadh, Saudi Arabia, April 4, 2017.

Al-Suhaimi was appointed head of the Middle East's largest stock exchange in February 2017.

She graduated with honors from King Saud University, and later went to Harvard Business School. Al-Suhaimi is also the CEO and a Board Director of the investment arm of Saudi Arabia's first bank.

Currently, Saudi Arabia enforces strict labor codes that prevent women from working in certain professions, such as optometry, and strict religious observance prohibits women and men from mixing sometimes even at work.

Another challenge is getting to work. Without the ability to drive, many women have to rely on male guardians for transport, though investments have been poured into improving public transportation and ride-sharing apps for women.


And another woman, Tamadur bint Youssef al-Ramah, was the first to be appointed deputy labor minister.
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Al-Ramah position was announced in March in conjunction with a major military and political reshuffle, which was seen as a way to "pump young blood" into the government, a Saudi analyst said on TV.

Source: Reuters


Saudi Arabia joined the United Nations Commission on the Status of Women, which promotes gender equality and female empowerment.
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Saudi Arabia was voted in for a four-year term in April 2017, outraging many who viewed the appointment as "absurd," given Saudi Arabia's vast gender inequality.

Still, the United Nations defended its decision.

"Saudi Arabia's interest in occupying one of the Commission's seats allocated to the Asia-Pacific region is an indication that the country wants to play an active role in the work of this important body," it said.

Source: Washington Post


Women can now jog and do physical exercise in the streets.
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Saudi Arabia introduced physical education for girls and began granting licenses for women's gyms, allowing women to exercise publicly.

Over 1,500 women participated in the first all-women run that was organized shortly before International Women's Day.

Women were previously banned from running in the country's official marathons, but Saudi officials have said women will be allowed to compete in the 2019 Riyadh international marathon.

Source: Reuters


They can also enlist in the military.
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Saudi Arabia's military opened applications to women for the first time in March 2018. But the criteria for applicants was and included specific height, weight, and education requirements.

Notably, women still needed to ask their male guardians for permission to apply and needed to reside with their guardian in the same province as the future job's location.


And divorced women can retain custody of their children.
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In March, mothers in Saudi Arabia were granted the right to retain custody of their children after divorcing, without going through legal proceedings.

Previously, Saudi courts required women to petition for custody, in a battle which often spanned years.

In many other Middle East countries the father is considered a child's natural guardian, and gains full custody at a certain age.

Source: CNN

http://www.businessinsider.com/wome...women-can-retain-custody-of-their-children-11
 
Saudi Arabia Wins Coveted Emerging-Market Status in MSCI Upgrade
By Filipe Pacheco and Matthew Martin | June 20, 2018

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Saudi Arabia’s efforts to modernize its stock market and attract billions in investments were recognized by MSCI Inc., which announced on Wednesday the addition of the kingdom to its group of emerging markets.


The index compiler, which has more than $1.9 trillion in assets benchmarked to its group of emerging markets indexes, will reclassify Saudi Arabia with implementation of its indexes starting in June 2019, it said. The nation was added to a watch list for a potential upgrade last year, and will now join nations including China, India, Turkey, South Africa and Brazil. Separately, MSCI said it would upgrade Argentina to the category as well.

“By supporting the inclusion of Saudi Arabia and Argentina in Emerging Markets, international institutional investors confirmed that they are now able and ready to access and operate in these markets,” said Sebastien Lieblich, MSCI Managing Director and Global Head of Equity Solutions.

Analysts estimate MSCI’s decision on Saudi Arabia will lead to billions of dollars from money managers worldwide and help improve liquidity in the biggest stock market in the Middle East and Africa. The Saudi capital markets regulator and local stock exchange have implemented a series of changes during the past few years aimed on adapting the bourse to international standards and requirements by index compilers.

Inclusion “is a game-changer for Saudi Arabia’s capital markets,” said Antoine Maurel, head of global markets for Middle East, North Africa and Turkey at HSBC Bank Middle East Ltd., who estimates it will lead to $35 billion of inflows. “This will create a much deeper and more liquid market,“ he said. HSBC was among the first qualified foreign investors to trade Saudi stocks directly three years ago.

Modernization of the stock market is part of a broader plan spearheaded by Crown Prince Mohammed Bin Salman to steer the nation’s economy away from oil and diversify the government’s sources of revenue. That includes selling shares in government-owned Saudi Aramco, which is expected to stage an initial public offering in Riyadh that could be the world’s biggest. FTSE Russell upgraded the country to emerging markets status in March.

Gradual Opening

Saudi Arabia opened its $524 billion stock market to foreign investors three years ago. Since then, it eased requirements for these investors with measures such as lowering the minimum amount of assets under management to get the status of qualified foreign investors, or QFI, and aligned trade settlement times with international standards.

Mohamad Al Hajj, equities strategist at the research arm of EFG-Hermes Holding, estimated that upgrades by FTSE and MSCI could lead to passive and active inflows of between $30 billion and $45 billion. Franklin Templeton Investments announced earlier this week that some of its funds have won approval as QFI in Saudi Arabia, while others are in the pipeline for authorization.

In the past three years, the Saudi stock market “has become much more open and much closer to international standards," said Mazen Alsudairi, head of research at Al Rajhi Capital Co. in Riyadh. “Saudi’s inclusion in MSCI will definitely prompt large global investors to invest in the Kingdom, with a rub-off effect on the whole region.”

https://www.bloomberg.com/news/arti...oveted-emerging-market-status-in-msci-upgrade
 
And no Saudi Islamic scholar will dare criticise whats going on... right?
 
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