MUST-READS

• Saudi Arabia’s Localization Plan Is Reshaping Consultancy Sector

  In October 2022, the Kingdom’s Ministry of Human Resources and Social Development announced that by the end of March 2024, 40 percent of workers in consultancy firms must be Saudi nationals. This mandate targets all professions within the sector, including financial advisory specialists, business advisers, cybersecurity advisory specialists, project management managers, engineers, and specialists.

• Its economy and infrastructure battered, can Lebanon afford a war with Israel?

  The risks for Lebanon are far greater than in 2006, when a monthlong war with Israel ended in a draw. Lebanon has struggled with years of political and economic crises that left it indebted, without a stable electricity supply, a proper banking system and with rampant poverty.

• Top US general says risk of broader war eases a bit after Israel-Hezbollah exchange
  Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, spoke to Reuters after emerging from a three-day trip to the Middle East that saw him fly into Israel just hours after Hezbollah launched hundreds of rockets and drones at Israel, and Israel's military struck Lebanon to thwart a larger attack.It was one of the biggest clashes in more than 10 months of border warfare, but it also ended with limited damage in Israel and without immediate threats of more retaliation from either side.

• White House denies Gaza ceasefire talks fizzled out, again

  But after repeated rounds of the White House portraying a deal as within reach that seems to slip away, one is left to wonder if the administration is engaged in wishful thinking, including about the Israeli leadership’s commitment to a hostage deal; is overselling the odds of a deal in order to reduce the pressures that could lead to a wider regional war, as well as domestic political pressure on itself; and/or is just ineffective or unable to get it over the finish line.

• The Flourishing World of Artistic Shows in Saudi: A Comprehensive Exploration

  Saudi Arabia has been making significant strides in the world of art and culture, with a burgeoning scene that is captivating audiences both locally and internationally. The country’s rich history and traditions have laid the foundation for a dynamic and diverse artistic landscape, showcasing a blend of traditional and contemporary influences. From traditional performances to modern art exhibitions, the flourishing cultural scene in Saudi Arabia offers a well-rounded perspective and practical guidance for a diverse audience.

• Saudi Arabia condemns Israeli minister’s remarks on building synagogue at Al-Aqsa mosque

  Saudi Arabia has condemned an Israeli minister’s remarks where he called to build a synagogue at Al-Aqsa mosque, the Kingdom’s foreign ministry said early Tuesday. Israel’s hard-line Security Minister Itamar Ben-Gvir repeated a call for Jews to be allowed to pray at the Al-Aqsa Mosque in Jerusalem, drawing sharp criticism for inflaming tensions as ceasefire negotiators seek a deal to halt fighting in Gaza.

• Saudi Arabia’s pharma, medical device factories surge to 206 with $2.6bn investments

  The number of pharmaceutical and medical device factories in Saudi Arabia has reached 206, with investments totaling SR10 billion ($2.6 billion), according to official data. The Ministry of Industry and Mineral Resources reported that this growth includes 56 pharmaceutical factories licensed by the Saudi Food and Drug Authority, with investments in the pharmaceutical sector alone exceeding SR7 billion.

• What lies in Rub al-Khali, world’s most dangerous desert, that swallowed up Telangana man

  Shezad, who hailed from Telangana and was working with a telecom company in the Al Hasa region of Saudi Arabia for three years, went to the Rub al-Khali desert with a colleague five days ago. Their GPS device malfunctioned. Their car ran out of fuel. Their phones had no signal. Eventually, all their efforts to reach safety turned out to be in vain.

• Sharp slowdown in companies opening Saudi HQs

  Scott Cairns, managing director of Creation Business Consultants in Dubai said: “We observed a rush toward the end of last year and the beginning of this year, as many companies were eager to establish their regional headquarters.” Initial demand dropped by around half in the second quarter, although interest has since increased, “indicating that some took their time and are now ready to establish their operations,” he added.

• Saudi Film Commission to participate in the 81st Venice International Film Festival 2024

  The Saudi Film Commission will take part in the 81st Venice International Film Festival, scheduled from August 28 to September 7, 2024, in Venice, Italy. As one of the oldest and most prestigious film festivals globally, the Venice Film Festival is a key event within the Venice Biennale and is recognized by the International Federation of Film Producers Associations (FIAPF).

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