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QUOTED
“2024 presents a rare opportunity for profitable capital deployment and property acquisitions in a recovering market with attractive price entry points that will emerge to create appreciation potential for investors in the long term,” Ziad Chehab, director of real estate at Kamco Invest, Why are more Middle East investors seeking US property deals? [The National]
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TOP STORY
The United Nations Commission on the Status of Women (CSW) unanimously decided to choose Saudi Arabia to chair the 69th session of the commission during the year 2025, according to reports. [more]
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MORE TOP STORYLINES
Via Hamad Mohammed and Shrivathsa Sridhar in reuters.com: The season-ending WTA Finals will be held in Saudi Arabias capital Riyadh from 2024-2026, the womens tennis body said on Thursday, ending months of speculation and marking the Gulf countrys latest foray into the sport.
Riyadh will host the season finale – which features the top eight singles players and doubles teams – from Nov. 2-9 and replaces last years hosts Cancun, Mexico.
The WTA said its agreement with the Saudi Tennis Federation will offer record prize money of $15.25 million this year with further increases in 2025 and 2026.
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Via Franklin Servan-Schreiber in weforum.org: Saudi Arabia’s per capita fossil fuel consumption is the lowest among the Gulf states but still double that of Germany, representing a very significant financial opportunity cost in terms of revenue from exports. Moreover, a 2020 report from the Brookings Institute pointed out, “In the medium term, revenues from oil are expected to decline in the face of reductions in global demand starting around 2040, if not sooner.”
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in aljazeera.com: The cost of damage to critical infrastructure in the first four months of Israel’s continuing war on Gaza is estimated at about $18.5bn, a new report by the World Bank and the United Nations has found. The report estimated that the damage was equivalent to 97 percent of the combined GDP of the occupied West Bank and Gaza in 2022.
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MORE ON THE KINGDOM AND BEYOND
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US Secretary of State Antony Blinken will visit Israel and Jordan on a trip through Wednesday, the State Department announced, after...[via alarabiya.net]
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Saudi Foreign Minister Prince Faisal bin Farhan and US Secretary of State Antony Blinken discussed on Monday the importance of reaching an “immediate ceasefire” in the...[By Ghinwa Obeid via alarabiya.net]
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Only a real commitment to a two-state solution to the Palestinian-Israeli conflict can prevent the war in Gaza from reoccurring, Saudi Foreign Minister Prince Faisal...[By Zaynab Khoji via arabnews.com]
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Saudi Arabia and the Bill & Melinda Gates Foundation today pledged to work together to help protect 370 million children annually from polio and lift...[via reliefweb.int]
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With geopolitical upheavals and complex economic challenges destabilizing a fractured world, the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development...[via weforum.org]
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Saudi Arabia on Sunday said the international community has failed Gaza and reiterated its call for a Palestinian state at a global economic summit attended...[via barrons.com]
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Jadaan also called on leaders to “do everything we can” to de-escalate, echoing comments more broadly made by Saudi government officials around...[By Joumanna Bercetche and Mirette Magdy via bloomberg.com]
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“Saudi Vision 2030’s objectives are on track at 87%”, the Saudi minister assured, indicating that there is still a bundle of challenges that requires modifying some projects, accelerating...[via eyeofriyadh.com]
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Saudi Tadawul Group’s shareholders approved the payment of a cash dividend at 23% of capital, or SAR 2.30 a share, for 2023, during the...[via argaam.com]
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The Saudi Seasons, a series of festivals held at different locations in the Kingdom throughout the year, attracts visitors from all over...[By Emilie Davies via linkedin.com]
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Speaking in Riyadh, Palestinian president Mahmud Abbas said the United States "is the only country capable" of preventing Israel's long-feared invasion of Rafah city in...[By Robbie Corey-Boulet and Haitham El-Tabei via al-monitor.com]
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“I’m here on national television telling the Biden administration, if you can land this deal I think you’ll have a lot of Republican...[By Kelly Garrity via politico.com]
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Saudi Arabia has introduced a new regulation mandating the national dress for government employees as a sign of pride in the country’s identity.
According...[By Khitam Al Amir via gulfnews.com]
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Ministers gathering in Riyadh to discuss the Israeli war on the Gaza Strip stressed the urgent need for imposing sanctions on Israel, the Saudi Press Agency reported...[via arabnews.com]
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President Joe Biden threatened on Thursday to condition support for Israel's offensive in Gaza on it taking...[By Jeff Mason and Steve Holland via reuters.com]
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He made clear the need for Israel to announce and implement a series of specific, concrete, and measurable steps to address civilian harm, humanitarian suffering,...[via whitehouse.gov]
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President Joe Biden and his top deputies said they would consider changing their policy towards Israel unless more consideration was given towards the...[By Alexander Ward, Jennifer Haberkorn, Adam Cancryn and Jonathan Lemire via politico.com]
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Israel has been so sacrosanct in America for so long that the idea that a hawkish Democrat like Schumer would call for regime change in...[By Mairav Zonszein via foreignpolicy.com]
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The Palestinian Authority on Tuesday formally asked for renewed consideration by the United Nations Security Council of...[By Michelle Nichols via reuters.com]
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Serving five life sentences after being convicted by an Israeli court for involvement in militant killings in the second intifada, Mr. Barghouti remains the rare...[By Taylor Luck and Fatima AbdulKarim via csmonitor.com]
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A new investigation by +972 Magazine and Local Call reveals that the Israeli army has developed an artificial intelligence-based program known as “Lavender,” unveiled here...[By Yuval Abraham via 972mag.com]
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On April 1, Israel launched its latest attack on Iran in the two countries’ ongoing shadow war, with an airstrike that flattened a section of...[By Dalia Dassa Kaye via foreignaffairs.com]
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McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after...[By Maisie Linford and Anna Cooban via cnn.com]
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Israel braced on Thursday for the possibility of a retaliatory attack after its suspected killing of ...[By Maayan Lubell, James Mackenzie and Steven Scheer via reuters.com]
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Iran faces a dilemma following an Israeli attack on its embassy in Syria: how to retaliate without...[By Idrees Ali and Arshad Mohammed via reuters.com]
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As Iraqi Prime Minister Mohammed Shia al-Sudani prepares for a pivotal visit to Washington in mid-April, his government is attempting to navigate through multiple currents...[via mailchi.mp]
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The book, which started as an award-winning doctoral dissertation at Stanford, examines how the Ottoman government resettled Circassian, Chechen, Dagestani and other refugees and how...[By Keith Hamm via ucsb.edu]
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The United Arab Emirates (UAE) hopes to position itself as a pivotal force in artificial intelligence (AI), underscored by its development of the Falcon Large...[By Klon Kitchen via aei.org]
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Chinese EVs continuing to make inroads around the world is reflected in the country's car export figures which have been soaring post-pandemic. The export of...[By Katharina Buchholz via statista.com]
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