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QUOTED
“We see that the Saudis, now they are very into the sport. They want to develop the sport, and as long as it gives the opportunity to the people there and the young kids and the women, too, you know, we see that sport and specifically tennis, it’s actually so close so that they can watch it. They can play, they can participate in this, I think it’s great.” Daria Kasatkina, the highest ranked openly gay player in women’s tennis, Kasatkina ‘assurances’ on Saudi Arabia [The Athletic]
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TOP STORY
The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR) focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.
[more]
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MORE TOP STORYLINES
Via Beatrice Farhat in al-monitor.com: Saudi Foreign Minister Faisal bin Farhan said on Monday that bilateral agreements with the United States were “very, very close” as Riyadh seeks to secure defense and security pacts with the kingdom in exchange for normalizing relations with Israel. On the bilateral agreements between the kingdom and the US, we are very, very close, and most of the work has already been done. We have the broad outlines of what we think needs to happen on the Palestinian front,” the top Saudi diplomat said at a special meeting of the World Economic Forum in Riyadh. He added that the only way such agreements would work is if there is “truly a pathway to a Palestinian state.” Read more: https://www.al-monitor.com/originals/2024/04/saudi-arabia-very-very-close-us-security-pact-tied-palestinian-state#ixzz8Yt4mbYTZ
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Via Natasha Turak in cnbc.com:
“Today the economy in the kingdom is growing faster, but we don’t want to overheat it. We don’t want to deliver these projects at the cost of importing too much against our own interest. We will continue delivering these projects in a manner that meets these priorities, delivers these projects and has the optimal healthy impact for our economy and the … healthy non-oil growth within it.”
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in arabnews.com: Saudi authorities warned residents that most parts of the Kingdom will experience severe weather until Friday. The National Center of Meteorology on Monday forecast moderate-to-heavy rain in the Madinah, Makkah, Jeddah, Baha and Najran regions, accompanied by high winds, hail and thunder. Saudi Arabia’s General Directorate of Civil Defense also issued severe weather warnings accompanied by safety instructions as the country braces for heavy rainfall in coming days. The Civil Defense said that most parts of the Kingdom will experience moderate-to-torrential thundershowers, accompanied by strong winds, until Friday.
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MORE ON THE KINGDOM AND BEYOND
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Jeddah Historic District Program and Cruise Saudi plan to cooperate on how to handle more international cruise visitors while preserving...[via seatrade-cruise.com]
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Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from...[By Shahenda Naguib via middleeasteye.net]
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His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will participate in the fourth edition of the Qatar Economic Forum, held in Doha May...[via mof.gov]
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When Jimmy Dunne joined the PGA Tour’s board in 2023, at the peak of its battle with LIV Golf, the Tour was...[By Andrew Beaton via wsj.com]
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"We're working on negotiations with PIF. It's ongoing. It's fluid. It changes day-to-day," Woods said. "Has there been progress? Yes. But it's an ongoing negotiation...[via france24.com]
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Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to...[By Suzanne Starbuck via cemnet.com]
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The unemployment rate dropped from 12.8 percent in 2017 to 8.6 percent in the third quarter of 2023...[By Elias Al Helou via economymiddleeast.com]
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Lockheed Martin awarded two subcontracts to Saudi Arabia’s defense industry in February. Under these subcontracts, Saudi companies will manufacture...[By Paul Iddon via forbes.com]
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Saudi Entertainment Ventures (Seven) and Qiddiya Investment Company (QIC) are combining to become a lifestyle and entertainment giant in Saudi Arabia.
Seven, a wholly owned...[via blooloop.com]
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Speaking at the MEED Mena Construction Summit in Riyadh, Badr said that NCP has a “healthy pipeline” of over 200 approved projects in different stages...[By Sarah Rizvi via meed.com]
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British Prime Minister Rishi Sunak revealed that trade exchange between the United Kingdom and Saudi Arabia exceeded 17 billion pounds ($21 billion). “Today we are...[via saudigazette.com]
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Speaking at the Qatar Economic Forum in Doha on Tuesday, Jaadan warned that being a resource-rich country was a curse as well as a blessing...[By Jack Dutton via al-monitor.com]
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National Security Adviser Jake Sullivan plans to travel to Saudi Arabia and Israel this weekend amid the rising tensions over the Israeli military operation in...[By Barak Ravid via axios.com]
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The economic makeover, known as Vision 2030, has been hitting some snags eight years after being unveiled by Crown Prince Mohammed bin Salman. Al-Jadaan has...[By Abeer Abu Omar and Mirette Magdy via yahoo.com]
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In a pointed letter to his fellow policy board members, Dunne defended the framework deal with the Saudis, writing that “unifying professional...[By Andrew Beaton via wsj.com]
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Washington is steering some of this shift, using the industry to push the...[By Elizabeth Dwoskin, Ellen Nakashima, Nitasha Tiku and Cat Zakrzewski via washingtonpost.com]
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Tourists flock to see the purple-flowered Jacarandas, particularly those lining Abha's Art Street, which resemble natural paintings when raindrops grace their vibrant blooms....[via gulfnews.com]
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U.S. Secretary of State Antony Blinken on Monday urged Hamas to swiftly accept an Israeli proposal for...[By Humeyra Pamuk, Alexander Cornwell and Pesha Magid via reuters.com]
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Netanyahu said Friday on the social platform X that Israel “will never accept any attempt by the ICC to undermine its inherent right of self-defense.”
“While...[By Mike Corder via apnews.com]
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Eli Harel was an Israeli soldier in his early thirties when he was sent into Lebanon in...[By Andrew Macaskill via reuters.com]
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Receiving Iran’s top military commanders April 21, Supreme Leader Ayatollah Ali Khamenei said: “How many missiles were launched and whether they reached their targets or...[By Ali Alfoneh via agsiw.org]
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