MUST-READS

• LEGO continues Saudi Arabia expansion with new LEGO Store at Mall of Dhahran

  The LEGO Group has opened its fifth official store in Saudi Arabia, having cut the ribbon on its new location within the Mall of Dhahran earlier this month, bringing LEGO fans a new 149sqm interactive retail space for families and kids.

• Saudi Arabia’s June oil exports rise 123% to over $16 billion, non-oil exports rise by 41%

  The value of Saudi Arabia's oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data showed on Tuesday. Overall exports increased by nearly 92% in June compared to a year earlier when international trade was curbed by lockdowns and travel disruptions related to the coronavirus crisis, said the General Authority for Statistics.

  • Bloomberg - Saudi Second-Quarter Exports Jump on Eased Lockdown, Oil Rally
• Saudi social insurance subscribers up to 8.19 mln in Q2 2021: GOSI

  Saudi Arabia’s General Organization for Social Insurance (GOSI) said that a total of 8.19 million private sector employees were registered in the social insurance scheme by the end of Q2 2021, a rise of 1.2%, compared to 8.09 million in Q1 2021.

• Saudi Ministry of Culture launches first library association 

  Last March, Prince Badr bin Abdullah bin Farhan, minister of culture, announced his ministry’s strategy for the nonprofit sector, which includes the distribution of non-profit cultural organizations across five levels: Civil institutions, professional associations, specialized associations, cooperative societies, and amateur clubs, in line with the system of associations and NGOs.

• Saudi Arabia will see more fintech unicorns ‘soon,’ head of Kingdom’s top fintech body says

  Digital payments unit Stc pay became a unicorn – a privately-held startup valued at over $1bn – after Western Union snapped up a 15% stake in the business for $200m in November.

• Saudi Arabia to unveil tech initiatives for programmers and entrepreneurs

  Saudi Arabia, Opec’s top oil exporter, is trying to develop its technology sector and boost its digital economy. The kingdom regards digital transformation to be among the central pillars of its Vision 2030 agenda that aims to cut its dependence on oil.

• Saudi Second-Quarter Exports Jump on Eased Lockdown, Oil Rally

  Saudi Arabia’s exports rose 99.4% during the second quarter of the year on an annual basis, driven mainly by the easing of Covid-19 lockdown measures and a recovery in oil prices. Total revenue was 238.6 billion riyals ($63.6 billion), up from around 120 billion riyals a year earlier, according to a statement by the General Authority for Statistics on Tuesday. Oil exports rose 126% during the quarter.

• Saudi Arabia buys 30% of Pagani

  No terms were disclosed but Pagani in its announcement said the raised funds will be used to develop new models as well as establish a lifestyle brand to be called Pagani Arte. New models currently in development at Pagani include the successor to the Huayra which will arrive with V-12 power but eventually offer the option of battery-electric power.

• Saudis Sign Military Cooperation Agreement With Russia

  He noted that Russia had many new weapons systems that have “proven themselves well in Syria," where Russia's military intervened to support President Bashar al-Assad in that country’s civil war.

• Saudi crime drama ‘Rashash’ breaks new ground

  Saudi actor Yagoub Al-Farhan played the role of Rashash Al-Otaibi in the true-life story of a Saudi bandit, drug trafficker and murderer who terrorized the population in the 1970s and 1980s. The show has ignited heated discussions on social media over the past few weeks with the release of each episode every Thursday. The series outlines Rashash’s life of crime, beginning with his entry into the underworld and ending with his arrest and execution.

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