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QUOTED
“Historically, demand for food products peaks during Ramadan and the Hajj season, but that trend could change with so many ongoing projects underway.” Foreign Agricultural Service of the US Department of Agriculture, Saudi Arabia’s wheat production continues to grow [World Grain]
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TOP STORY
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
[more]
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MORE TOP STORYLINES
in saudigazette.com: Saudi Arabia welcomed on Monday the United Nations Security Council resolution calling for an immediate ceasefire in the Gaza Strip during the holy month of Ramadan, the Saudi Press Agency reported. Saudi Arabia hoped that the resolution would lead to a permanent and sustainable ceasefire, as well as to the release of all hostages, compliance by the parties with their obligations under international law, and an expansion of the scope for the flow of humanitarian aid to civilians in the entire Gaza Strip apart from enhancing their protection.
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in cnbc.com: Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator. The California-based company, which has been facing weaker-than-expected demand, said it intends to use the proceeds for corporate purposes and capital expenditure among other things.
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in alarabiya.net: By the end of this week students in Saudi Arabia will begin a long holiday to mark Eid al-Fitr. According to the education ministry’s academic calendar, the Eid al-Fitr vacation will start by the end of classes on Thursday, March 28.
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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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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]
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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]
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Today’s vote followed a failed US-led resolution from a week earlier. That resolution, vetoed by UNSC permanent members Russia and China, called for...[By Ethan Mayer-Rich ]
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Relations between President Joe Biden and Prime Minister Benjamin Netanyahu sank to a wartime low on Monday...[By Matt Spetalnick via reuters.com]
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The White House suggested that Israeli Prime Minister Benjamin Netanyahu chose to hysterically overreact to a U.S. abstention today on a UN Security Council resolution...[By Laura Rozen via substack.com]
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The biggest question of all that remains unanswered is one that Israel has sought to avoid answering with precision and the US has failed for...[By Brian Katulis, Wa'el Alzayat, Evren Balta, Marvin G. Weinbaum, Mohammed Soliman via mei.edu]
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Iran's recent parliamentary elections have seen prominent ultra-conservatives secure top positions, marking a significant shift in their favour on the benches of the Islamic Republic's...[via middleeasteye.net]
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Although climate change’s horrors are global—melting polar ice caps, loss of wildlife habitats, and more frequent, more powerful natural disasters like hurricanes, to name just...[By Christina Bouri via lawfaremedia.org]
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The war in Ukraine has been characterised by drone deployment of unprecedented scale, with thousands of unmanned aerial vehicles (UAVs) used to track enemy forces,...[By Mariano Zafra, Max Hunder, Anurag Rao and Sudev Kiyada via reuters.com]
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