MUST-READS

• Saudi Arabia OKs merger of 32 firms to mitigate losses

  Saudi Arabia’s General Authority for Competition (GAC) announced that it has no objection to the merger of 32 companies and local exchange institutions (purchasing and selling foreign currencies), Argaam reported. The authority issued a no objection certificate with respect to the economic concentration of 32 local currency exchange trading companies, the authority said in a tweet.

• Saudi Crown Prince meets karate champion Tariq Hamedi

  Hamedi has been rewarded for his silver medal at the Tokyo Olympics with a cash reward of 5 million riyals ($1,333,328).

• More Saudis turning to consultants as Vision 2030 opens new opportunities

  The Saudi Ministry of Commerce issued 407 licenses to consultancy companies in the first half of this year, an increase of 27 percent on the same period a year earlier. Management consulting topped the list with 188 licenses, followed by financial consulting (for non-securities) with 59 licenses, and value-added tax (VAT) services with 35 licenses, the ministry said.

• Meet the First Saudi Woman to Compete Outside the Middle East

  To be a female raising the Saudi flag in the finish line of one of the hardest races outside the Middle East. I really enjoyed this experience. The terrain was new for me and so different from what we have in Saudi. We are used to dunes and open desert, while here we have narrow roads, tight corners, and you cannot leave the track because otherwise there were rocks that would puncture the tires.

• Qatar appoints ambassador to Saudi Arabia, says emir’s office

  Sheikh Tamim's office said in a statement that Bandar Mohammed Al Attiyah was named ambassador to Riyadh. Al Attiyah previously served as Qatar's ambassador to Kuwait, which had mediated in the Gulf conflict.

• Saudi Arabia Calls for Integrating Circular Carbon Methods to Manufacturing, Production Systems

  Saudi Energy Minister Prince Abdulaziz bin Salman stressed that the kingdom was not part of the climate change crisis, emphasizing that the Kingdom is working seriously towards leading the world to a life free of carbon and gas emissions. Underlining that Saudi Arabia was working towards a solution for climate change, Prince Abdulaziz affirmed that capturing Carbon will be the critical technology everyone must work on and collaborate on implementing.

• US to build new storage sites in Saudi Arabia

  The US Army Corps of Engineers released two market research notices in early August looking for contractors that can develop sites at or adjacent to unnamed Saudi bases in the vicinity of Jeddah and Al-Taif. The five sites at the Al-Taif base and three sites at the Jeddah base will have a total area of nearly 2 km 2 .

• 10 talking points ahead of the new Saudi Pro League season

  Al-Hilal have won the last two league titles and have strengthened. So have their rivals, but it remains to be seen whether Al-Ittihad, Al-Shabab, Al-Ahli and Al-Nassr have done enough in the transfer market and in pre-season to stop a “three-peat.”

• Iraqi PM invites Iranians, Saudis to regional summit

  Iraqi Prime Minister Mustafa al-Kadhimi is attempting to organize a summit at the end of August that could get his neighboring rivals around the same table for the first time in years. The big picture: Stuck between Iran, Saudi Arabia and Turkey, the Iraqi government is trying to turn that difficult situation to its advantage and help reduce tensions and mediate regional understandings.

• Saudi aviation authority may allow full seating capacity in domestic flights

  The General Authority of Civil Aviation (GACA) may allow full passenger seating capacity on domestic flights, in coordination with the Ministry of Health and in response to the request made by some national air carriers, the authority said in a statement.

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