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QUOTED
“It could help a lot of fans’ trust in LIV a little bit more because that’s a lot of the complaints that I see from a lot of people… at the end of the day, LIV is a business. If it doesn’t fit the product, it doesn’t fit the product. I’m just a player. There’s a lot of people that are a lot smarter than me that can figure it out and explain why they believe 54 holes may be better for them.” Jon Rahm, Rahm, the 2023 Masters and 2021 U.S. Open champion, Greg Norman ‘open-minded’ to altering LIV’s signature 54-hole format [Washington Post]
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TOP STORY
The goal of the new office is to strengthen the IMF’s collaboration with governments and institutions in the Middle East including promoting economic stability, growth, and regional integration. It also underscores the growing economic importance of the region. [more]
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MORE TOP STORYLINES
Via Adam Satariano and Paul Mozur in nytimes.com:
More than 200,000 people converged at the conference, including Adam Selipsky, chief executive of Amazon’s cloud computing division, who announced a $5.3 billion investment in Saudi Arabia for data centers and artificial intelligence technology. Arvind Krishna, the chief executive of IBM, spoke of what a government minister called a “lifetime friendship” with the kingdom. Executives from Huawei and dozens of other firms made speeches. More than $10 billion in deals were done there, according to Saudi Arabia’s state press agency.
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in arabnews.com: Saudi Arabia’s non-oil exports, including re-exports, saw a surge of 4.4 percent in February compared to the same period of 2023, official data showed. According to the General Authority for Statistics, the total value of this sector reached SR21.86 billion ($5.83 billion), marking a rise from SR20.93 billion in the same period of the previous year.
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Via Andrew Hammond in agbi.com: 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 first hotel is now rescheduled for later this year. “We’re looking forward to the conclusion of our project, probably toward the end of 2027,” said Andrew Tonnor, Diriyah Gate’s chief delivery officer, in a presentation to potential vendors. “We’re one of the five PIF giga-projects, we’ve been incorporated since 2019 when we were founded as a project and development company.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia and Israel are America’s two most important Middle East allies, and the Biden administration is deeply involved with both today, trying...[By Thomas L. Friedman via nytimes.com]
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The move is intended to lure business from international financial centers like Hong Kong and Singapore and particularly nearby Dubai. And bankers...[By Nicolas Parasie via bloomberg.com]
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To secure the 67 votes in the US Senate to become a binding treaty, as Riyadh insists, it almost certainly needs Saudi...[By Henry Meyer via bloomberg.com]
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The Biden administration and Saudi Arabia are finalizing an agreement for U.S. security guarantees and civilian nuclear...[By Humeyra Pamuk, Alexander Cornwell and Matt Spetalnick via reuters.com]
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Dr. Soliman Abdul Kader Fakeeh Hospital and its shareholders are seeking to raise as much as 2.86 billion riyals...[By Julia Fioretti via bloomberg.com]
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Over the past six months, tensions along Israel’s border with Lebanon have escalated dramatically. Israel has now deployed 100,000 troops to its north to confront...[By Maha Yahya via foreignaffairs.com]
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The International Atomic Energy Agency (IAEA), the UN’s nuclear watchdog, is considering holding a high-level political discussion in Tehran within the...[By John Benny via thenationalnews.com]
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Huge coalitions of US students have united against Israel’s rampage that has targeted not just Hamas but Gaza society generally, damaged or...[By Hussein Ibish via thenationalnews.com]
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