MUST-READS

• Goldman Sachs’ Saudi Arabia CEO leaving firm – source
  Goldman Sachs' (GS.N), opens new tab Saudi Arabia CEO, Khalid Albdah, is leaving the firm, a source familiar with the situation told Reuters on Wednesday.
  Albdah has been heading Goldman's Saudi operations for nearly a decade, his LinkedIn profile showed. He joined the bank in 2013 from Al Rajhi Capital, one of the largest financial firms in the Middle East. Goldman Sachs declined to comment. The news was first reported by Bloomberg.

• Saudi Arabia hands over 2nd installment of monthly financial support to Palestine

  Naif Al-Sudairi, Saudi ambassador to Jordan, non-resident ambassador to Palestine, and consul general in Jerusalem, handed over the second installment of the monthly financial support to Finance Minister of Palestine Omar Bitar at the embassy headquarters in Amman on Monday. This financial aid is from Saudi Arabia to the Palestinian brothers to address the humanitarian situation in the Gaza Strip.

• Saudi Arabia to Acquire Türkiye’s 5th-Generation KAAN Fighter Jet ?

  Türkiye and Saudi Arabia have recently strengthened their defense ties, marking a significant shift in their bilateral relations. This development was highlighted by a strategic summit in Jeddah in July 2024, where officials from both nations agreed to pursue high-value defense projects collaboratively. The two countries are exploring extensive technology transfer opportunities and joint production efforts, including the potential assembly of Türkiye's KAAN 5th-generation fighter jet in Saudi Arabia. This move aligns with Saudi Arabia's Vision 2030, which aims to build a self-sustained defense industry through partnerships with established defense manufacturers.

• Saudi Arabia ranks lowest globally in financial fraud crimes, says report
  Saudi Arabia ranks the lowest in terms of financial fraud crimes worldwide, according to the latest global report. The country secured the top global position in the Global Cybersecurity Index (GCI) for 2024, billed as the highest category of role-modelling. Al-Wakid said financial fraud prosecutions operate continuously, seven days a week, around the clock in all regions of the Kingdom, to receive reports of financial fraud from law enforcement agencies.

• Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce
  Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.

• Saudi Arabia and Beyond: Meet the Women Leaders in the World of Sailing

  With five America’s Cups under her belt and over 25 years of experience, Ryan has traveled far and wide to various race locations, including Saudi Arabia in November 2023. The venue for the America’s Cup Preliminary Regatta was the Jeddah Yacht Club – notably the only event ever to be hosted outside of Barcelona in this series of the America’s Cup. “I really wanted to spread the reality of what I saw in Saudi Arabia. A lot of people said to me, ‘How did you feel as a female event director running an event in Jeddah; was that challenging?’ I said, ‘Not in the slightest.’ There were many women involved in the Saudi Federation and organizations, and I never once felt any difficulty or challenge being a woman running professional events on this scale. And I wanted more people to realize that.”

• Saudi Arabia to open four airports for private sector by 2025

  He stated that Saudi Arabia is set to become one of the world’s largest producers of green energy. Additionally, he emphasized the importance of regionalizing supply chains, with plans to establish centers for logistics supply chains in the kingdom.

• Preview: Saudi Arabia Target Crucial Win Against Bahrain in World Cup Qualifier

  Saudi Arabia, under coach Roberto Mancini, look to end a three-match winless run at home. They previously suffered defeats to Jordan and Japan and settled for a draw with Indonesia. This match provides an opportunity for Saudi Arabia to regain form and push for qualification.

• Odds rising that Saudi Arabia may ‘open floodgates’ on oil production – report

  "Although the focus in the oil market has shifted to geopolitical risks and potential short-term supply disruptions, just as importantly, we think the possibility that Saudi Arabia could open the floodgates has increased in recent weeks alongside reports of deteriorating cohesion among OPEC+ members," Capital Economics climate and commodities economist Kieran Tompkins wrote, adding the OPEC+ meeting scheduled for December 1 "could be a potential flashpoint."

• Saudi Arabia 2034 World Cup Stadiums

  Saudi Arabia is gearing up to host the 2034 FIFA World Cup with an impressive lineup of 15 stadiums spread across five host cities: Riyadh, Jeddah, Al Khobar, Abha, and NEOM. Each venue is designed to reflect local culture and architecture while incorporating modern amenities to ensure a fantastic experience for fans and players.

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