QUOTED

Quoted

“We are fairly well positioned to be an AI hub outside of the U.S. AI will consume a lot of energy and we are the global leader when it comes to fossil fuel energy and when it comes to renewable energy.” Yasir Al-Rumayyan, Governor, Saudi Public Investment Fund, Saudi sovereign wealth fund pitches kingdom as AI hub [Reuters]

 

TOP STORY

Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)

khaled-el-saif.001

*A note from SUSTG’s President, Richard Wilson.*

My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.

[more]

 

MORE TOP STORYLINES

Why the Saudi-Iranian Pact Is Withstanding the Gaza War

Via Ali Bakir and Aziz Alghashian in agsiw.org: Saudi Arabia under Crown Prince Mohammed bin Salman is undergoing a domestic transformation and implementing ambitious megaprojects as part of Vision 2030, marking a strategic shift from regional entanglements to national development. The detente with Iran signals a Saudi effort to avoid becoming stretched too thin between internal economic challenges and external security threats.

My Saudi Founding Day Experience: Video

Via Emeka Iwueze in youtube.com: I had the privilege of revisiting Diriyah. Witnessing numerous families relishing their day off and unwinding filled me with joy. Although my attempt to explore Boulevard City to amplify the holiday spirit was thwarted by heavy traffic, I discovered NOUG, a highly recommended establishment renowned for its camel milk-based products. Indulging in their special coffee, dessert, and gelato ice cream crafted from camel milk was a delightful experience that I wholeheartedly endorse.

Israels Netanyahu presents first official post-Gaza war plan

Via Henriette Chacar and Ali Sawafta in reuters.com: According to the document, presented to members of Israels security cabinet on Thursday and seen by Reuters on Friday, Israel would maintain security control over all land west of Jordan, including the occupied West Bank and Gaza – territories where the Palestinians want to create an independent state. In the long-term goals listed, Netanayhu rejects the unilateral recognition of a Palestinian state. He says a settlement with the Palestinians will only be achieved through direct negotiations between the two sides – but it did not name who the Palestinian party would be.

 

MORE ON THE KINGDOM AND BEYOND

‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

More than 200,000 people converged at the conference, including Adam Selipsky, chief executive of Amazon’s cloud computing division, who ...[By Adam Satariano and Paul Mozur via nytimes.com]

 

Saudi giga-project Diriyah Gate targets 2027 completion

Diriyah Gate, one of the first Saudi giga-projects, said this week that it was on target for completion by late 2027. The opening of the project’s...[By Andrew Hammond via agbi.com]

 

Greg Norman ‘open-minded’ to altering LIV’s signature 54-hole format

His comment is significant because, like LIV Golf’s team competition and shotgun starts, the...[By Cindy Boren via washingtonpost.com]

 

Book Review: The Conflicts Shaping the Middle East

The recently released book “Battleground – 10 Conflicts that Explain the New Middle East” by historian Christopher Phillips provides a useful overview of ten ongoing conflicts...[By Christopher Phillips via thecipherbrief.com]

 

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse...[By Larry Elliott via theguardian.com]

 

GCC’s project awards jump 20% to $45b despite geopolitical headwinds

The regional upswing also defies oil production cutbacks which have all weighed on economic growth in the region as seen from International Monetary Fund’s latest...[By Issac John via khaleejtimes.com]

 

Saudi economy witnessing a fundamental shift, says minister

Speaking at the event titled “Industrial policies to promote economic diversification,” the top official said there have been fundamental changes in the legislative and economic regulations to...[via arabnews.com]

 

Saudi Arabia Makes Strides In Global Energy Discourse At 26th World Energy Congress

From April 22 to 25, 2024, the 26th World Energy Congress convened in the Netherlands, drawing participation from the Kingdom of Saudi Arabia’s energy industry....[By Pooja Chandak via solarquarter.com]

 

Henning Larsen Architects Reveals Jeddah Opera House in Saudi Arabia

Henning Larsen Architect has just revealed the designs for The Jeddah Opera House, a new local landmark in Saudi Arabia. Drawing inspiration from the historical...[By Nour Fakharany via archdaily.com]

 

‘World’s largest’ coral-restoration project unveiled in Saudi Arabia

One of Saudi Arabia's top universities has announced a Red Sea project described as the world’s largest coral reef restoration. ...[By Daniel Bardsley via thenationalnews.com]

 

NDMC closes the April 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program

The National Debt Management Center announces the closure of April 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated was...[via mof.gov]

 

India’s oil imports from Russia drops 19% in February, Saudi Arabia 2nd largest supplier

The month-on-month decline in imports from Russia comes amid lower discounts offered by Russia. Russia has been the largest source of crude for...[By Rituraj Baruah via livemint.com]

 

Two US law firms push into Saudi Arabia under new attorney rules

Two major U.S. law firms are opening offices in Saudi Arabia following a change last year in...[By David Thomas via reuters.com]

 

IDC expects Saudi Arabia’s ICT spending to hit $37.4B by 2024-end

Spending on the information and communication technology (ICT) market in Saudi Arabia is expected to reach about $37.4 billion by the end of 2024, showing...[via argaam.com]

 

Saudi Arabia Makes It Clear They’re Taking Design Seriously

Set within the landmark Mediateca Santa Teresa library in Milan’s Brera district, Design Space AlUla presented a smattering of projects...[By Ryan Waddoups via surfacemag.com]

 

Saudi Arabia marks Vision 2030’s 8-year anniversary

Today marks the eight-year anniversary of Saudi Arabia’s Vision 2030, an ambitious blueprint aimed at transforming the Kingdom into a...[via arabianbusiness.com]

 

Vision 2030: 87% of initiatives on track or completed

More than halfway through its "Saudi Vision 2030" journey, Saudi Arabia has demonstrated notable progress, with 87% of the 1,064 initiatives either completed or advancing...[via saudigazette.com]

 

Saudi fund PIF’s managed assets hit $749bln in 2023

Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA reported on Thursday. The kingdom's non-oil...[By Jana Choukeir and Nayera Abdallah via zawya.com]

 

US warns Iran against providing ballistic missiles to Russia

The Biden administration on Thursday warned Iran of a "swift and severe" response from the international community if Tehran provided ballistic missiles to Russia, after...[By Humeyra Pamuk via reuters.com]

 

Moon landing: US clinches first touchdown in 50 years

A spacecraft built and flown by Texas-based company Intuitive Machines landed near the moon's south pole on Thursday, the first U.S. touchdown on the lunar...[By Steve Gorman and Joey Roulette via reuters.com]

 
 

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