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  • Saudi Arabia rises on Expat Insider 2024 rankings
     

    For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad. 

     
  • The 966, #133, How Working Women are Changing Saudi Arabia with Dr. Jennifer Peck, Swarthmore College
     

    In Episode #133 of The 966 podcast host Richard Wilson welcomes Dr. Jennifer Peck, Swarthmore College, who has done extensive and fascinating research on women in Saudi Arabia’s labor market as well as recently being featured in Foreign Affairs magazine for her superbly researched and written article, Working Women are Changing Saudi Arabia: Reforms Have Made […]

     
  • The Impact of Healthcare Investments on Saudi Arabia’s economy
     

    The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens. 

     
  • Dollar-priced oil ending? What’s the story?
     

    A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”

     
  • Saudi Arabia grants citizenship to 2nd group of distinguished global talents
     

    A Royal decree has been issued to grant Saudi citizenship to a number of scientists, medical doctors, researchers, innovators, entrepreneurs, and distinguished talents with unique expertise and specializations including Dr. Mehmood Khan, an American and the CEO of the Hevolution Foundation, the Saudi Press Agency reported on Thursday.

     
  • Esports World Cup is Underway in Riyadh
     

    The Esports World Cup Foundation celebrated the start of the Esports World Cup , the world’s largest gaming festival, held at Boulevard City in Riyadh, Saudi Arabia. The event runs for eight weeks, from July 3 – August 25 with more than 1,500 players from the best esports clubs across the globe competing for prizes in 22 tournaments across 21 games.

     
  • Saudi’s PIF Profit and Spending up in 2023
     

    Saudi Arabia’s Public Investment Fund (PIF) made $25 billion from investment activities in 2023 after an $11 billion loss in 2022. It was also the top spender in 2023, deploying $31.6 billion.

     
  • Aramco’s strategic gas expansion progresses with $25bn contract awards
     

    Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.  The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs […]

     
  • Saudi Green Lights Three Solar Projects Totaling 5.5 GW
     

    The Saudi Power Procurement Company signed power purchase agreements for solar projects with a combined capacity of 5.5GW.  The projects include the Haden solar PV plant (2GW), the Al-Muwaih Solar PV plant (2GW) in the Mecca Province, and the Al-Khushaybi PV project (1.5GW) in the Qassim Province.

     
  • Aramco Makes Two Major U.S. Gas Plays
     

    As part of its efforts to expand its presence in international energy markets, Aramco has signed agreements with U.S. energy companies Sempra and NextDecade to tap into the growing U.S. LNG sector. 

     

MUST-READS

  • China looks to shore up belt-and-road deals with Middle East cash and partnerships as Western investment wanes

    According to figures from the UAE Ministry of Economy, China is a top global trade partner for the federation of seven emirates – Abu Dhabi, Ajman, Dubai, Fujairah, Ras el Khaimah, Sharjah and Umm Al Quwain. The value of non-oil trade between both sides exceeded US$72 billion in 2022, an increase of 18 per cent from a year earlier.

  • Saudi-backed Savvy Games was mystery partner in collapsed $2B Embracer deal

    The previously unknown partner in a $2 billion video game mega-deal that mysteriously and dramatically collapsed last spring was the Saudi government-funded Savvy Games Group, Axios has learned. Why it matters: The fallout of the failed deal sent shares of The Embracer Group — Savvy's would-be partner, and one of the most voracious acquirers of video games studios in the last several years — plummeting, and forced it into cost-cutting mode.

  • After stocking up on big-name players, Saudi Arabia’s ambitious soccer league starts Friday

    Three of the nine games in each round will be shown in Britain and Germany on the platforms of subscription streaming service DAZN, by French pay-TV network Canal+ and across five different outlets in China, including Tencent. In North America, DAZN has the rights in Canada and Azteca in Mexico. Global news packages will be provided by London-based SNTV, a joint venture between The Associated Press and the IMG agency which exclusively managed broadcast sales for the next two seasons.

  • After stocking up on big-name players, Saudi Arabia’s ambitious soccer league starts Friday

    The Saudi Arabian soccer league kicks off Friday after a spending spree on big-name players grabbed the world’s attention during the European summer offseason. Hundreds of millions of dollars from the kingdom’s vast oil wealth were spent to supercharge the state-backed Saudi Pro League’s ambitions of being a global player. About a billion more in salaries were turned down by Lionel Messi and Kylian Mbappé, who rejected offers to join the exodus.

  • Art therapy offers relief to Afghan women struggling with mental health

    The Taliban closed universities to women in December 2022, sparking rare public protests. The decision came in the wake of the closure of most girls' high schools and was followed by Taliban authorities ordering most Afghan female humanitarian workers not to work. The orders restricting women from public life have drawn heavy international criticism and Western governments have said it is a key hurdle to moving toward any formal recognition of the Taliban's government, which took over as foreign forces left two years ago.

  • Netanyahu wants security agreement from Biden as part of mega U.S.-Saudi-Israel deal

    Israeli Prime Minister Benjamin Netanyahu wants to get a security agreement with the U.S. focused on deterring Iran in the context of the mega-deal the Biden administration is trying to reach with Saudi Arabia and Israel, four Israeli and U.S. officials told Axios.

  • Saudi Arabia brings together international teams to participate in Camel Festival

    Teams from around the world have arrived in Saudi Arabia to participate in the Crown Prince Camel Festival which commenced on Tuesday. Countries including the US, France, Switzerland, Oman, Bahrain, the UAE, Jordan, Qatar, Kuwait, Sudan and Egypt, along with Saudi Arabia, will participate in the fifth edition of the sport at the historic Taif Camel Field, running through September 7, according to the official Saudi Press Agency (SPA).

  • Saudi Arabia brings together international teams to participate in Camel Festival

    Teams from around the world have arrived in Saudi Arabia to participate in the Crown Prince Camel Festival which commenced on Tuesday. Countries including the US, France, Switzerland, Oman, Bahrain, the UAE, Jordan, Qatar, Kuwait, Sudan and Egypt, along with Saudi Arabia, will participate in the fifth edition of the sport at the historic Taif Camel Field, running through September 7, according to the official Saudi Press Agency (SPA).

  • Saudi football battle as Benzema leads Al Ittihad to meet Al Hilal in quarterfinals

    A Saudi football confrontation is expected this weekend after Karim Benzema led Al Ittihad to secure its spot in the quarterfinals of the King Salman Club Cup games on Wednesday after defeating Iraq’s Al Shorta SC. Al Ittihad will go head-to-head against Saudi Arabia’s Al Hilal on Saturday, August 5, after defeating Al Shorta with a 2-1 win that was sealed by a winning penalty kick from Benzema at the 84th minute. It marked Benzema’s third goal over the club’s three games in the tournament.

  • Saudi Arabia welcomes start of work on stricken vessel in Red Sea

    Saudi Arabia welcomed on Wednesday the start of the UN’s operational plan to salvage the FSO Safer oil tanker and pump out approximately 1.14 million barrels of crude oil. The Kingdom also welcomed through a Foreign Ministry statement the success of UN and international efforts over the past years which culminated in the start of the unloading process and averting an environmental disaster that threatens maritime security and the global economy in the Red Sea.