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QUOTED
“An Iridium study of 350 active emerging markets funds, which manage more than $400 billion, has found that only about 56 percent have invested in Saudi Arabia and the UAE – signalling the untapped potential.” Gulf CEOs urged to conquer fear of earnings call [Arabian Gulf Business Insight]
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TOP STORY
Saudi Arabia reaffirms its $500 million pledge to the Global Polio Eradication Initiative (GPEI) in a signing event during the fourth Riyadh International Humanitarian Forum. [more]
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MORE TOP STORYLINES
in defense.gov: Defense Secretary Pete Hegseth today highlighted the importance of the partnership between the U.S. and Saudi Arabia while hosting that countrys defense minister during a bilateral engagement at the Pentagon. Referencing the cooperation that took place between the countries during Trumps first administration, Hegseth pointed out that both nations worked together to pursue security and stability in the Middle East, as well as to combat terrorism in the region and increase mutual prosperity. Today, our relationship is a critical center of gravity in a very turbulent world, he added. Stating that ending the war in Ukraine is one of the presidents top priorities, Hegseth said he wanted to thank the Saudi Kingdom for hosting conversations between top U.S. and Russian officials in Riyadh, Feb. 18, 2025. And I also want to continue deepening and strengthening our partnership to pursue security and prosperity for both Americans and Saudis. So, Im very much looking forward to a great discussion, Hegseth said.
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Via Khitam Al Amir in gulfnews.com: The 41-article regulation, which took effect on Friday, marks a significant step in the kingdom’s ongoing legal reforms, reinforcing women’s rights, marital laws, and child custody provisions in line with broader judicial modernisation efforts. Under the new rules, unapproved marriage contracts will now be subject to a structured review, led by the Minister of Justice and other authorities. The ministry has also been granted authority to introduce additional regulations as needed based on evolving judicial applications. The Personal Status Law is one of four key legal frameworks announced by the Crown Prince in February 2021, alongside the Civil Transactions Law, Penal Code for Discretionary Sanctions, and Law of Evidence. Together, these reforms enhance judicial transparency, expand individual rights, and bring Saudi Arabias legal system closer to international standards.
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Via Hatem Alzahrani in agsiw.org: American culture has long found a welcoming audience in Saudi Arabia. Hollywood films, bestselling novels, and global music icons have shaped Saudi perspectives on the world. Yet, culture is not a one-way street. Over the past few years, Saudi Arabia has emerged not just as a consumer of culture but as a global cultural contributor. This shift is evident in the unprecedented international presence of Saudi creatives. Solo U.S. exhibitions, such as Ahmed Mater’s “Symbolic Cities” and Abdulnasser Gharem’s “Hospitable Thoughts,” have challenged outdated narratives and placed Saudi contemporary art at the heart of the global artistic conversation. Meanwhile, Saudi cinema is undergoing a renaissance, led by studios such as Telfaz11, whose productions capture authentic Saudi stories that have long been absent from the international screen. With Saudi Arabia now boasting the world’s fastest-growing box office, it is on a path to become a powerhouse in the global film industry. Saudi music, too, is making its mark. The Saudi National Orchestra and Choir’s historic performance at the Metropolitan Opera House in September 2023 introduced New York audiences to the kingdom’s rich and multifaceted musical traditions and showcased its deep connections with the global music scene.
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MORE ON THE KINGDOM AND BEYOND
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An agreement was signed to help the Global Polio Eradication Initiative, and its partners vaccinate 370 million children against polio each year and stop transmission...[via saudigazette.com]
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Saudi Arabia has joined the short list of countries with a dedicated symbol for their currencies, and possibly the first that launched with a glitzy...[By Dominic Dudley via semafor.com]
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Most banks in Saudi Arabia expect low double-digit to mid-teens growth in 2025, driven by corporate and mortgage lending, according to Al Rajhi Capital. Banks believe that...[via zawya.com]
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Set to take effect on April 3, the measures coincide with the enforcement of the updated Commercial Registry System and were developed in collaboration with...[By Mohammed Al-Kinani via arabnews.com]
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In the Gulf, only 10 earnings-call transcripts were available per quarter in 2015, according to Iridium. That number has since risen...[By Megha Merani via agbi.com]
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Saudi Arabia offers a tax-friendly environment with no personal income tax, inheritance tax, or wealth tax for individuals. Key taxes applicable to individuals include VAT,...[By Giulia Interesse via middleeastbriefing.com]
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In an exclusive first-ever media tour of Saudi Arabia’s ambitious THE LINE project, Al Arabiya English witnessed firsthand the massive construction...[By Jennifer Bell via alarabiya.net]
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Saudi Arabia’s 10 listed petrochemical companies are likely to report lacklustre earnings for the fourth quarter of 2024 because of an...[By Matt Smith via agbi.com]
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Many expats overlook Saudi Arabia as an emerging digital hub and a fantastic place to build their career. However, aside from great career opportunities, there...[via welovesalt.com]
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There haven't been and won't be many races like Saturday's $20 million Grade I Saudi Cup. And that was only the pinnacle of a solid...[By Robert Kieckhefer via upi.com]
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Saudi-based data center developer DataVolt is to build a facility in Riyadh. The company and the Saudi Authority for Industrial Cities and Technology Zones (MODON)...[By Dan Swinhoe via datacenterdynamics.com]
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DHL eCommerce and AJEX Logistics Services, have entered into an agreement in which DHL will acquire a minority stake in the Saudi Arabian parcel logistics...[via dhl.com]
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Saudi Arabia launched today, Feb. 24, the first industrial zone for aircraft manufacturing and maintenance in Jeddah during the Aerospace Connect Forum currently held in...[via argaam.com]
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Al-Rumayyan said that the fund worked to develop the Saudi economy by establishing 103 diverse companies operating in 13 different sectors, both locally and internationally....[via argaam.com]
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The Saudi Arabia Fashion Market was valued at USD 4.25 Billion in 2024, and is expected to reach USD 5.70 Billion by 2030, rising...[via yahoo.com]
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Syria's interim president said on Tuesday his country had a "historic opportunity" to rebuild, addressing a national...[By Timour Azhari via reuters.com]
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Israeli bulldozers have demolished large areas of the now virtually empty Jenin refugee camp and appear to...[By Ali Sawafta via reuters.com]
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The European Union continues to strive to reduce its dependence on Russian natural gas by significantly increasing its purchases of liquified natural gas (LNG)...[By Nikolay Kozhanov Saban Kardas and Saban Kardas via amwaj.media]
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A "doomsday" vault storing food crop seeds from around the world in man-made caves on a remote...[By Louise Rasmussen and Anna Ringstrom via reuters.com]
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