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QUOTED
“Now it is clear how strategic of a choice it was to normalise relations between Saudi Arabia and Iran. They have basically shown that they are not each other’s enemy, even if suspicion will always be there… The relationship has been reframed.”
Saudi analyst Aziz Alghashian, ‘Reframed’ Iran ties shield Saudi in Gaza war: analysts [The New Arab]
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TOP STORY
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports. [more]
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MORE TOP STORYLINES
Via Ramadan Al Sherbini in gulfnews.com: Saudi Arabia is reconsidering a monthly fee levied on expatriates’ dependents as the kingdom is seeking to attract foreign talents to boost Saudi economy, a government minister has disclosed. “The decision to impose the fees on dependents was necessary because they benefited from the state subsidies on water, electricity, etc,” Saudi Minister of Finance Mohammed Al Jadaan said.
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in newarab.com: A surprise deal reached one year ago to mend ties with Iran has paid dividends for Saudi Arabia, largely shielding it from the Gaza war and related unrest, analysts say. Though thorns remain in the complex relationship between the Middle East rivals, the rapprochement amounts to a signature diplomatic achievement for Crown Prince Mohammed bin Salman, Saudi Arabias hard-charging de facto ruler.
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Via David Gritten in bbc.com: Several undersea communications cables in the Red Sea have been cut, affecting 25% of data traffic flowing between Asia and Europe, a telecoms company and a US official say. Hong Kong-based HGC Global Communications said it had taken measures to reroute traffic after four of the 15 cables were recently severed. The cause is not yet clear. The US official said it was trying to find out whether the cables were cut deliberately or snagged by an anchor. Last month, Yemens internationally-recognised government warned that the Iran-backed Houthi movement might sabotage the undersea cables in addition to attacking ships in the sea.
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MORE ON THE KINGDOM AND BEYOND
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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]
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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]
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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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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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Hamas stuck to its terms for a ceasefire deal and hostage exchange with Israel on Wednesday after the United States said truce talks in Cairo...[By Nidal Al-Mughrabi and Bassam Masoud via reuters.com]
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A team of United Nations experts reported on Monday that there were "reasonable grounds to believe" sexual violence, including rape and gang rape, occurred at...[By Michelle Nichols via reuters.com]
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China ought to care that the Houthis have attacked shipping in the Red Sea since November, which jeopardizes trade with Europe. But it has not...[By Gregg Carlstrom via foreignaffairs.com]
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A mother who skips meals so there is enough food for her two children. A 60-year-old man who eats one meal a day – a...[By Nafisa Eltahir via reuters.com]
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The Middle East franchisee of Starbucks said Tuesday it has begun firing around 2,000 workers at its coffee shops across the region after the brand...[By Jon Gambrell via apnews.com]
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