MUST-READS

• 3 citizens and expatriate arrested for money laundering involving SR200 million

  It was revealed in investigations that a female citizen started a commercial entity to collect debts and handed it over to her husband, who in turn enabled the expatriate to manage the entity and its bank accounts, while another citizen also carried out the same criminal method. This enabled the expatriate to exploit these bank accounts with cash deposits amounting to more than SR200 million, in exchange for external transfers without making any customs imports.

• How AI is reshaping Saudi Aramco’s oil exploration and underwater operations strategy

  Saudi Aramco is spearheading the innovations by embracing cutting-edge technologies like artificial intelligence, both within its core operations and beyond, which places the company ahead of the curve. The Saudi state-owned oil company has significantly invested in research and development compared to its industry peers, allocating approximately 3.5 USD billion in 2023, representing a 15% annual increase despite global challenges. This investment is reflected in its innovative efforts, which extend beyond its primary operations.

• Saudi authorities issue severe weather warning

  Saudi authorities warned residents that most parts of the Kingdom will experience severe weather until Friday. The National Center of Meteorology on Monday forecast moderate-to-heavy rain in the Madinah, Makkah, Jeddah, Baha and Najran regions, accompanied by high winds, hail and thunder. Saudi Arabia’s General Directorate of Civil Defense also issued severe weather warnings accompanied by safety instructions as the country braces for heavy rainfall in coming days. The Civil Defense said that most parts of the Kingdom will experience moderate-to-torrential thundershowers, accompanied by strong winds, until Friday.

  • The National - Schools closed in Saudi Arabia as heavy rain and floods forecast
• Saudi Crown Prince leads Special Dialogue at WEF special meeting in Riyadh

  Saudi Arabia’s Crown Prince Mohammed bin Salman led a Special Dialogue session at the World Economic Forum special meeting in Riyadh on Sunday where prominent figures from different industries discussed challenges and plans, the official Saudi Press Agency (SPA) reported on Monday.

• Saudi Aramco is looking at investment in new energies outside of the kingdom, CEO says

  Saudi Arabia's state-oil giant Aramco (2223.SE), opens new tab is looking at investments right now in new energies outside of the kingdom, CEO Amin Nasser said on Monday at the sidelines of a World Economic Forum special meeting held in Riyadh.

• Secretary Blinken’s Meeting with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

  Secretary of State Antony J. Blinken met today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud.  Secretary Blinken underscored the need to avoid further escalation in the region.  The Secretary discussed ongoing efforts to reach an immediate ceasefire in Gaza that would secure the release of hostages held by Hamas. The Secretary discussed the recent increase in the delivery of humanitarian assistance to Gaza and emphasized that increase must be sustained.   The Secretary and Foreign Minister continued discussions on regional and bilateral efforts to achieve lasting peace and security in the region, including through greater integration among countries in the region and a pathway to a Palestinian state with security guarantees for Israel. They also discussed efforts to resume negotiations under the Jeddah platform aimed at ending the conflict in Sudan and preventing further widespread civilian harm.

• Saudi Arabia to cut electricity production cost to maintain competitiveness: Minister

  Addressing a session entitled “Advancing Carbon Capture Innovations and Its Uses in Global Partnerships” on the sidelines of the special meeting of the World Economic Forum, the Minister said that the Kingdom is working hard to ensure that the renewable energy program is the basis at the present time, especially in light of what is happening at the world level and the previous outbreak of the COVID pandemic and the supply chain disruptions.

• Saudi Arabia building an economy of the future — Crown Prince

  The Crown Prince participated on Sunday in a Special Dialogue session at the World Economic Forum Special Meeting in Riyadh, attended by global leaders from government, business, and academia. During the session, he addressed the current geopolitical and economic challenges facing the world, and the Kingdom’s proactive efforts to expand global collaboration to foster a more resilient and integrated global economy. In his dialogue, the Crown Prince affirmed Saudi Arabia's commitment to being a stabilizing force in the region, emphasizing that cohesion and cooperation with regional and global partners are essential for achieving security and prosperity.

• Kasatkina ‘assurances’ on Saudi Arabia

  Then she took a deep breath. “We see that the Saudis, now they are very into the sport. They want to develop the sport, and as long as it gives the opportunity to the people there and the young kids and the women, too, you know, we see that sport  and specifically tennis, it’s actually so close so that they can watch it. They can play, they can participate in this, I think it’s great.”

• Saudi Arabia opens Umrah to all visa holders

  In a significant move to facilitate religious tourism, Saudi Arabia has announced that holders of any type of visa are now eligible to perform Umrah, the non-mandatory lesser pilgrimage in Islam, which can be undertaken at any time of the year. This decision reflects the Kingdom’s ongoing efforts to welcome more pilgrims to the Grand Mosque in Makkah, enhancing accessibility for international Muslims wishing to fulfill their spiritual duties.

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