MUST-READS

• Riyad Bank
  Riyad Bank hires banks for dollar sukuk issue

  Saudi Arabia’s Riyad Bank has hired international and regional banks to arrange the potential issuance of dollar-denominated sukuk, it said in a stock exchange filing on Tuesday. The country’s fourth-largest bank has hired JPMorgan , Riyad Capital, Standard Chartered, First Abu Dhabi Bank and HSBC to lead the deal, the filing said.

• Locusts
  UN warns of ‘major shock’ as Africa locust outbreak spreads

  The swarms of billions of locusts have been destroying crops in Kenya, which hasn’t seen such an outbreak in 70 years, as well as Somalia and Ethiopia, which haven’t seen this in a quarter-century. The insects have exploited favorable wet conditions after unusually heavy rains, and experts say climate change is expected to bring more of the same.

• Trump Peace Plan
  Palestinians delay vote at UNSC against Trump’s peace deal

  Over the weekend, a number of changes already had been made to water down the text, to ensure its passage by at least nine members and with an eye toward receiving the support of the five European countries on the council. The US and Israel had worked hard to ensure that the resolution would not pass.

  • Axios - Palestinians struggle to rally opposition to Trump plan at UN Security Council
• Women's Rights
  The Steps Taken by Saudi Arabia to Achieve Gender Equality

  The bank’s “Women, Business and the Law” (WBL) 2020 report gave the Kingdom an overall score of 70.6 out of 100 — a 38.8 jump since its last ranking — placing it first among GCC countries and second in the Arab world.

• Red Sea Security
  Egypt, Saudi Arabia Flexing Military Muscles In The Red Sea

  On January 6, Saudi Arabia formed a new Red Sea coalition. The new military bloc, made up of eight countries, will be ready to act against piracy, smuggling, and other threats in the Red Sea with a view to protecting the international maritime movement in it.

• Citizen Account
  Saudi Citizen Account Program Deposits $690m in Beneficiaries’ Accounts

  Saudi Arabia’s Citizen Account Program has announced the deposit of (2.6) billion riyals in the accounts of citizens benefiting from the program for the month of February 2020. The total number of beneficiaries of this installment exceeded 12.6 million.

• JOLT Cafe
  Saudi company takes 25% stake in Kuwaiti-owned JOLT cafe

  The project was first launched in the Saudi capital Riyadh based on a purely-Kuwaiti initiative after which it expanded to cover new areas such as Sharqiya and Jeddah. They then hit the European market with the first branch being inaugurated in London, followed by a branch in Marbia, Spain, and now it is currently preparing to open another branch in London

• Qiddiya
  Breaking Travel News investigates: Qiddiya, Saudi Arabia

  This will require upwards of 500 pieces of major earthmoving equipment to grade and develop the plots, in addition to 4,000 tons of steel and 30,000 cubic meters of concrete for storm water management so that the area is ready for the next stage of development.

• Amaala
  Saudi giga project Amaala reveals big names on advisory board

  Amaala, the ultra-luxury development planned along Saudi Arabia's northwest coast, has announced its advisory board to bring new ideas to the brand's three core pillars - arts and culture, wellness and sport, and sea, sun and lifestyle.

• Qatar
  Saudi-Qatar Talks to End Lengthy Gulf Dispute Falter: Sources

  Talks between Saudi Arabia and Qatar to resolve a bitter Gulf dispute broke down soon after starting, six sources said, leaving in place a political and trade embargo of Doha that hampers joint Gulf Arab efforts to counter Iran. The discussions that began in October were the first glimmer of a thaw in the row that saw Saudi Arabia, the United Arab Emirates, Bahrain and Egypt sever political, trade and transport ties with Qatar in mid-2017.

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