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QUOTED
“At least 30 multinational law firms have opened branches in Saudi Arabia in the past nine months or have applied for the right to do so, racing to establish a foothold in the oil-rich kingdom now allowing outside legal work. Several had affiliations with Saudi-based firms since the early 2000s, but for the first time were allowed to create their own practices in the country without the constraints of a local partner. Others are entering the marketplace for the first time.”
[Bloomberg]
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TOP STORY
The Science Museum Group is to create a Museums Hub in Saudi Arabia which it says will become a “center of excellence for science and culture and support the wider museum sector”.
The new hub, to be located in Riyadh, hoped to enable the Science Museum Group to work with museum professionals, researchers and educators in Saudi Arabia.
The city is already home to its National Museum, King Abdulaziz Historical Center and Saqer-Aljazirah Aviation Museum.
[Click here to read more]
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MORE TOP STORYLINES
in voanews.com : Houthi drone and missile attacks on Red Sea shipping have spurred the development of an alternative “land bridge” to carry cargo by truck from the Persian Gulf across Saudi Arabia and Jordan to Israel and Egypt. The project, which is already seeing dozens of trucks per day reach the Israeli port of Haifa, is seen as an early benefit of the 2020 Abraham Accords normalizing ties between the United Arab Emirates and Israel. It bodes well for future cooperation between Israel and Saudi Arabia. The United States is seeking to broker a deal that would see the normalization of relations between those two countries in exchange for the establishment of a Palestinian state.
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in agenzianova.com : The Saudi group Acwa Power, supported by the Saudi Arabian Public Investment Fund (PIF), has obtained financing from a consortium of banks that will allow it to advance the construction of solar plants worth 3,4 billion dollars in the whole country. The company has obtained an $8,6 billion credit line from local, regional and international institutions, including Saudi Awwal Bank, Banque Saudi Fransi and Mizuho Bank, according to filings on the Kingdom Stock Exchange. The consortium also includes Riyad Bank, Saudi National Bank, Standard Chartered Bank and HSBC.
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in arabnews.com : Directed by Mohammed Al-Atawi, the film features an all-Saudi cast and tells a tale of survival and self-discovery. It follows Snam, a 23-year-old tobacco merchant, portrayed by newcomer Raed Alshammari, on his journey across the desert. After being ambushed and left for dead, Snam’s quest to reunite with his pregnant wife turns into a harrowing fight for survival. Snam travels with a wolf trailing him while he struggles on his journey.
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MORE ON THE KINGDOM AND BEYOND
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His comment is significant because, like LIV Golf’s team competition and shotgun starts, the...[By Cindy Boren via washingtonpost.com]
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Footage and satellite imagery obtained by The Washington Post show that Egypt is clearing off, and building a wall around, a plot of land along...[via washingtonpost.com]
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The U.N. special envoy for Libya warned the country’s feuding political actors Thursday that if they don’t urgently form a unified government and move toward...[via apnews.com]
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Turkey's central bank is expected to keep its key interest rate steady at 45% next week, after a 250 basis-point hike last month, marking the...[By Nevzat Devranoglu via reuters.com]
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Iran’s arms industry is growing rapidly, turning the country into a large-scale exporter of low-cost, high-tech weapons whose clients are vexing the U.S. and its...[By Benoit Faucon via wsj.com]
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For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue...[By Christiaan Triebert, Blacki Migliozzi, Neil Bedi and Alexander Cardia via nytimes.com]
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Kuwait's emir Sheikh Meshal al-Ahmad al-Sabah issued a decree on Thursday to dissolve the parliament, state news agency KUNA reported.
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