MUST-READS

• Egypt
  Billionaire Sawiris Hopes to Join Egypt Gold Rush as Rules Eased

  One of Egypt’s richest men has long coveted a role in his nation’s gold-mining industry. Now, a shakeup in regulations and a potential auction of new licenses could give Naguib Sawiris a shining opportunity. The Egyptian government “already started talks with us as well as other companies to promote the new tender,” Sawiris, the chairman of La Mancha Holding S.a.r.l., said in a phone interview. “We are willing to participate in any area that could be promising.” He didn’t specify which of the firms he’s involved with would submit bids.

• Libya
  With Libya Still at War, E.U. Agrees to Try Blocking Weapons Flow

  The European Union agreed on Monday to launch a new naval and air mission to stop more arms reaching the warring factions in Libya, overcoming initial objections from Austria and Hungary, which feared the ships might attract migrants and enable more of them to reach Europe.

• Afghanistan
  It’s Finally Official: Ghani Reelected To Second Term As Afghan President

  Afghanistan's Independent Election Commission (IEC) says final official results from the country's September 28 presidential election show incumbent President Ashraf Ghani has been reelected to a second five-year term with 50.64 percent of the vote. Afghan Chief Executive Officer Abdullah Abdullah took second place with 39.52 percent of the vote, the IEC announced at a press conference in Kabul on February 18.

• Industry
  Saudi Industry Minister Announces Near Launch of Bank of Exports

  Saudi Industrial Development Fund (SIDF) capital has been raised from $17.3 billion to $28 billion, said the Minister, adding that the fund designed financing programs that are not limited to fixed assets.

• Construction
  14 mega-projects shaping the future of Saudi Arabia

  Saudi Arabia is a country changing at quite a speed. After opening its doors to tourists in 2019, the world's eyes have turned to the Kingdom, and it has plenty to show off. Not only have the hidden gems of Saudi's vast and varied landscapes found their way onto many travellers' bucket lists, there is plenty to be marvelled at in the kingdom's cities, too.

• UAE
  Dubai’s DP World is delisting and returning to private ownership

  DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership, the company announced Monday. The UAE-owned port behemoth’s parent company, Port and Free Zone World, has offered to buy the 19.55% of DP World’s shares traded on the Nasdaq Dubai for $16.75 a share, representing a 29% premium on its closing price of $13 per share on Sunday, the statement said.

  • Bloomberg - Why Is Dubai Taking Port Operator DP World Private?
• AI
  Saudi Arabia’s Artificial Intelligence Dreams

  Though the industry is still in a nascent stage, there are already a host of startups in Saudi Arabia. Some current Ai startups include Lucidya, an Ai-analytics firm for businesses to monitor their global presence in the social media world. UnitX, a supercomputing and Ai firm that was founded at and financed by King Abdullah University. Healthcare firm Nala, which uses Ai to offer instant diagnosis of patients' issues in Arabic. As of November 11th, 2019, Nala had boasted over 50,000 patient diagnoses on their platform throughout Saudi Arabia.

• Yemen Migration
  Flow Monitoring Points | Migrant Arrivals and Yemeni Returns from Saudi Arabia in January 2020

  The King Salman Humanitarian Aid and Relief Centre (KSrelief) has been tasked with providing assistance in an initiative coordinated with the Embassy of People's Republic of China in the kingdom. Saudi Arabia will supply 1,159 medical devices including ultrasound machines, non-invasive ventilators, defibrillators, patient monitors, infusion pumps, injection pumps and continuous renal replacement therapy. Medical protective masks and isolation suits will also be provided.

• Neutral Zone
  Restarted Saudi, Kuwaiti Oilfields To Pump 550,000 Bpd By End-2020

  Trial production at the Khafji and Wafra began on Sunday, as previously anticipated. Oil production rates will be gradually increased until they reach “the normal level,” state Kuwait News Agency (KUNA) quoted minister al-Fadhel as saying. The regular levels of production of nearly 550,000 bpd will be restored by the end of the year, al-Fadhel noted.

• Gas Stations
  Ministry appoints two new firms to run gas stations on Saudi regional roads

  By increasing the number of qualified companies, which now totals 20, Al-Jammaz said the ministry aimed to create positive competition among site operators through the provision of excellent and high-quality services to traveling customers. The deputy minister added that the stations and service centers complemented each other and as well as providing fuel offered mosques, restrooms, restaurants, and other facilities.

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