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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]
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NYT Reports on Proposed $40B Saudi AI Investment
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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OPEC and IEA Agree on Something
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Saudi Non-Oil Activity reaches 50% of GDP as Economy Continues to Diversify
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday. The total non-oil economy was worth $453 billion at constant prices, driven by continued growth in investment, consumption and exports.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Ramadan Fasting Projected to Begin March 11, Muslims Worldwide Prepare
Based on the Islamic lunar calendar, the dates for Ramadan move through the year which can result in significantly different daily fasting periods depending on where you live. Since there are 12 lunar months superimposed over 12 solar months, Ramadan “moves back” about 11 days per solar year.
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SecDef: I haven’t seen a full Israeli plan to protect civilians in Rafah
U.S. officials have “not seen a number of things that we believe that will have to happen” for the operation to proceed, Secretary Lloyd Austin told a House Armed Services Committee hearing. There are “some signs" of such preparations, Austin said, but he wants more assurances and planning, such as “making provisions for the civilians [so that] wherever you direct them to, you have sustainment in that area…so, you know, that the housing, the medical care, all that stuff that, that needs to be in place.”
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Arctech to build 3 GW factory in Saudi Arabia
Arctech Solar has launched a new partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to set up a production facility in Jeddah, Saudi Arabia. The factory will cover an area of approximately 97,000 square meters and will have a production capacity of 3 GW, with the potential to reach up to 10 GW through localized production. It will focus on PV-supporting tracker products for local customers.
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US, Britain urge Hamas to accept Israeli truce proposal
U.S. Secretary of State Antony Blinken on Monday urged Hamas to swiftly accept an Israeli proposal for a truce in the Gaza war and the release of Israeli hostages held by the Palestinian militant group.Hamas negotiators were expected to meet Qatari and Egyptian mediators in Cairo on Monday to deliver a response to the phased truce proposal which Israel presented at the weekend."Hamas has before it a proposal that is extraordinarily, extraordinarily generous on the part of Israel," Blinken said at a meeting of the World Economic Forum in the Saudi capital Riyadh.
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‘Let’s help Yemen regain ability to chart its own future,’ US envoy Tim Lenderking tells Arab News
“The onus (is) on the Houthis to stop the Red Sea attacks,” he said. “That can prompt us all to begin to dial back, to de-escalate, to return the situation in Yemen to where it was on Oct. 6, which had considerably more promise and possibility than what exists now, and that’s where we want to return the focus.”
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Saudi Arabia may raise prices for most oil grades to Asia for June
Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to their highest levels in five months after Middle East benchmarks strengthened this month, trade sources said on Monday.The June official selling price (OSP) of flagship Arab Light crude may rise by 70 to 90 cents to close to a $3 per barrel premium to the average of Dubai and Oman quotes, seven refining sources said in a Reuters survey, which would be the highest level since January.
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Insights into establishing RHQs in Saudi Arabia
It has been three years since Saudi Arabia first introduced the Regional Headquarters Programme (RHQ), aiming to position itself as a leading global hub for multinational corporate operations. With the Ministry of Investment of Saudi Arabia releasing application guidelines in early 2022, and commencing the acceptance of applications, numerous multinational enterprises have since obtained RHQ licences. These include prominent Chinese companies such as China Harbour Engineering, China Civil Engineering Construction Corporation, China Railway Construction Corporation, China Geo-Engineering Corporation, China Communications Services Corporation, Huawei, Nuctech, and DiDi.
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MAWANI launches first railway transport between major Saudi ports
The Saudi Ports Authority (MAWANI) has announced the first container shipment via railway from Jubail Commercial Port to Riyadh Dry Port. This shipment, consisting of 78 containers, utilised the railway link between the Jubail Commercial Port and the East Railway network. The railway has a maximum load capacity of 140 TEU per trip. MAWANI collaborated with the Zakat, Tax, and Customs Authority (GAZT), Saudi Arabia Railways (SAR), and Mediterranean Shipping Company (MSC). This collaboration aims to promote seamless transportation of containers, bulk materials, and general goods by establishing rail connections between ports.
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Saudi Arabia to Launch a Centre for Space Futures in the Forum’s Fourth Industrial Revolution Network
The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR) focused on space.The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency. It aims to facilitate public-private discussions on space collaboration, incorporating best practices from the Forum and its communities into the global space sector and generating contributions to accelerate space technologies.
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What is the International Criminal Court and why it has Israeli officials worried
Netanyahu said Friday on the social platform X that Israel “will never accept any attempt by the ICC to undermine its inherent right of self-defense.” “While the ICC will not affect Israel’s actions, it would set a dangerous precedent,” he wrote. Israel’s Foreign Ministry said late Sunday that it had informed missions abroad of “ rumors ” that the court could order the arrest of senior Israeli political and military officials. The ministry did not give a source for the rumors.
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Iran’s Lessons Learned From Direct Confrontation With Israel
Receiving Iran’s top military commanders April 21, Supreme Leader Ayatollah Ali Khamenei said: “How many missiles were launched and whether they reached their targets or not … is a secondary issue. The main issue is the manifestation of the resolve of the Iranian nation and that of the armed forces in the international arena.” Disregarding the bluster, Khamenei’s statements were seemingly an admission of the inefficacy of Iran’s missiles against the formidable Israeli and allied air defense systems.
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