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QUOTED
“Arab attitudes since the war began have been far more moderate than in the past, condemning violence against civilians on both sides, rejecting terrorism and urging a two-state solution. Hamzawy pointed out that this is part of a broader turn away from political violence, with an average of more than 90 percent of Arabs surveyed by one source in recent years rejecting extremist organizations and condemning terrorism.” Fareed Zakaria, Opinion: Amid the horror in Gaza, it’s easy to miss that the Middle East has changed [Washington Post]
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TOP STORY
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
[more]
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MORE TOP STORYLINES
Via Ali Shihabi in arabnews.com: There is a certain amount of confusion among observers about Saudi economic strategy. We can gain clarity on this if we look at the many initiatives of Vision 2030 in the manner that a venture capitalist would look at his portfolio of investments. Doing so, we would see Crown Prince Muhammad bin Salman as placing bets on a large number of sectors, thereby hedging his risks since the economy only needs to win a few of these bets for actual diversification away from oil to take a meaningful step forward.
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Via Joseph Haboush in alarabiya.net: The top Saudi diplomat, Prince Faisal bin Farhan, has constantly stressed the importance of taking irreversible steps to implement the two-state solution and to recognize the state of Palestine based on the borders of June 4, 1967, with East Jerusalem as its capital. During his State of the Union address on Thursday night, US President Joe Biden repeated previous comments that the only way for Israel to guarantee its security was through a two-state solution. He added: “There is no other path that guarantees peace between Israel and all of its Arab neighbors, including Saudi Arabia.”
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Via Tim Callen in agsiw.org: On March 10, the Saudi General Authority for Statistics released detailed gross domestic product data for Saudi Arabia in the fourth quarter of 2023 (the previously released fourth quarter “flash” estimate contained more limited information). The data confirmed that the Saudi economy contracted in 2023. The 0.8% drop in real GDP (i.e., GDP after accounting for inflation) was largely due to the 9% contraction in the oil sector that followed the production cuts under the OPEC+ agreement. Saudi Arabia’s non-oil sector grew by 3.8% and ended the year on a relatively strong note, with growth accelerating in the fourth quarter relative to the third quarter.
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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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Two major U.S. law firms are opening offices in Saudi Arabia following a change last year in...[By David Thomas via reuters.com]
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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]
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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]
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Israeli forces killed two Palestinians during a raid in the occupied West Bank early on Wednesday, the official Palestinian news agency WAFA reported, bringing to...[By Raneen Sawafta via reuters.com]
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Arab attitudes since the war began have been far more moderate than in the past, condemning violence against civilians on both sides, rejecting terrorism and...[By Fareed Zakaria via washingtonpost.com]
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The recent parliamentary and Assembly of Experts elections in Iran have seen hardliners score decisive victories against more traditional conservatives. In the aftermath of the...[via amwaj.media]
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Sudan's army said it had taken control of the state broadcast headquarters from the Rapid Support Forces (RSF) on Tuesday in what would be its...[By Khalid Abdelaziz via reuters.com]
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Net inflows into exchange-traded funds focused on Indian stocks shattered records in 2023, clocking in at $8.6 billion last year, according to Reuters. India’s NSE...[By Afshin Molavi via forbes.com]
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The spat between Iran and Pakistan earlier this year—a clash which saw armed cross-border operations by both sides—raises questions about China's potential role as a...[By Saeed Azimi via amwaj.media]
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