His comment is significant because, like LIV Golf’s team competition and shotgun starts, the 54-hole length of tournaments has been a defining feature, with “LIV” coming from the Roman numeral for 54. Jon Rahm, a star player whose switch to LIV in December was a jolt to the PGA Tour, said he hoped a 72-hole format might help unite the established and upstart tours.
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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Saudi Arabia to celebrate Founding Day on February 22
On February 22 Saudi Arabia celebrates Founding Day which commemorates Mohammed Bin Saud’s ascension to leadership of the central Arabian town of Diriyah in 1727.
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Lydia Ko Wins 2023 Aramco Saudi Ladies International with One Shot Victory at Royal Greens
Lydia Ko fired a final round of 68 (-4) to win the 2023 Aramco Saudi Ladies International presented by Public Investment Fund by one stroke.
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MENA Region Rushes Aid to Turkey, Syria
In the wake of the February 6th 7.8-magnitude earthquake that devastated large areas of Turkey and Syria many countries, including those in the MENA region, are rushing aid to the area.
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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Saudi Arabia’s Sindalah Island, Neom’s ‘Yachting Hub’, to Open in 2024 with Golf Course, 40 Restaurants
Saudi Arabia’s Sindalah Island, off the coast of NEOM in Saudi Arabia, will open by 2024 and will include a beach club, yacht club and almost 40 restaurants, new details released about the project yesterday confirm.
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Jadwa Chartbook: Saudi Arabia’s Growth Streak Continues with Non-Oil PMI Increasing on ‘Higher New Orders and Business Optimism’
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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US State Dept’s Middle East spox resigns over Gaza policy
The U.S. State Department's spokeswoman for Middle East and North Africa announced her resignation on Thursday, in protest of Washington's policies regarding the Gaza Strip, amid Israel's atrocities. "I resigned April 2024 after 18 years of distinguished service in opposition to the United States’ Gaza policy. Diplomacy, not arms. Be a force for peace and unity,” Hala Rharrit wrote in a LinkedIn post, according to Al Arabiya.
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Book Review: The Conflicts Shaping the Middle East
The recently released book “Battleground – 10 Conflicts that Explain the New Middle East” by historian Christopher Phillips provides a useful overview of ten ongoing conflicts in the Middle East. The author takes an ambitious approach to explaining these conflicts, trying to pack in a great deal of information into ten chapters that describe the conflicts and countries involved.
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Opinion: By cracking down on the Gaza protests, US universities are betraying their core mission
Huge coalitions of US students have united against Israel’s rampage that has targeted not just Hamas but Gaza society generally, damaged or destroyed the vast majority of buildings, and killed at least 35,000 Palestinians, mainly civilians. The slaughter has been shocking, even given the vicious savagery of the October 7 attack.
- Greg Norman ‘open-minded’ to altering LIV’s signature 54-hole format
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Israel says it is poised to move on Rafah
Israel's military is poised to evacuate Palestinian civilians from Rafah and assault Hamas hold-outs in the southern Gaza Strip city, a senior Israeli defence official said on Wednesday, despite international warnings of a humanitarian catastrophe.A spokesperson for Prime Minister Benjamin Netanyahu's government said Israel was "moving ahead" with a ground operation, but gave no timeline.The defence official said Israel's Defence Ministry had bought 40,000 tents, each with the capacity for 10 to 12 people, to house Palestinians relocated from Rafah in advance of an assault.
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Saudi giga-project Diriyah Gate targets 2027 completion
Diriyah Gate, one of the first Saudi giga-projects, said this week that it was on target for completion by late 2027. The opening of the project’s first hotel is now rescheduled for later this year. “We’re looking forward to the conclusion of our project, probably toward the end of 2027,” said Andrew Tonnor, Diriyah Gate’s chief delivery officer, in a presentation to potential vendors. “We’re one of the five PIF giga-projects, we’ve been incorporated since 2019 when we were founded as a project and development company.
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‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
More than 200,000 people converged at the conference, including Adam Selipsky, chief executive of Amazon’s cloud computing division, who announced a $5.3 billion investment in Saudi Arabia for data centers and artificial intelligence technology. Arvind Krishna, the chief executive of IBM, spoke of what a government minister called a “lifetime friendship” with the kingdom. Executives from Huawei and dozens of other firms made speeches. More than $10 billion in deals were done there, according to Saudi Arabia’s state press agency.
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Saudi Arabia welcomes panel’s report on UNRWA’s performance
Saudi Arabia welcomed the results of an independent committee’s report on the performance of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA).
The Ministry of Foreign Affairs said in a statement that the results of the report confirm the agency’s main role in supporting the relief, humanitarian and development efforts of the Palestinian people. -
Trump looms large over Biden’s long-shot talks on Israel-Saudi normalization
Sitting together last month, Graham and MBS spoke with Trump for roughly five minutes, two people familiar with the call told CNN. The conversation was friendly and consisted mostly of exchanging pleasantries and casual chatter about the US presidential election. At one point, Trump touted his poll numbers, one of the people said. Not once did the normalization deal come up, both sources said.
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Saudi Arabia’s booming hospitality sector to add 320,000 hotel rooms by 2030
Saudi Arabia is projected to have 320,000 new hotel rooms by 2030 across the country to accommodate an influx of 150 million domestic and international tourists annually, according to a new report.
This expansion, according to the figures by global property consultancy Knight Frank, will boost the nation’s travel and tourism industry which already accounts for nearly six percent of Saudi Arabia’s GDP today and is central to achieving the government’s goal of tourism contributing 10 percent to the economy by 2030.
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