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Al-Hilal’s Streak and Saudi Professional League Spending
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.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Ramadan Fasting Projected to Begin March 11, Muslims Worldwide Prepare
Based on the Islamic lunar calendar, the dates for Ramadan move through the year which can result in significantly different daily fasting periods depending on where you live. Since there are 12 lunar months superimposed over 12 solar months, Ramadan “moves back” about 11 days per solar year.
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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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MUST-READS
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Saudi Record Rises to 54 Medals in First Gulf Youth Games
The Saudi badminton team dominated the medals on the second day of the badminton competition, held at the Sheikh Zayed Sports Complex in Fujairah. This took place as part of the first Gulf Youth Games hosted by the UAE. Saudi national team won 7 medals, which are 3 gold, 2 silver and 2 bronze, raising the Saudi record to winning 54 medals which are 25 gold, 17 silver and 12 bronze.
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Fish prices soar 30% in Saudi province amid severe weather
Inclement weather, which recently gripped the eastern part of Saudi Arabia, has sent prices of fish in the region going up by up to 30 per cent, according to fishers and market insiders.Last week, the Eastern Province was lashed by heavy rain prompting authorities there to suspend in-person classes.
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IMF projects Saudi Arabia’s oil output to hit 11M bpd by 2029
Saudi Arabia's oil production is expected to reach 11 million barrels per day (bpd) by 2029, according to Amine Mati, the International Monetary Fund’s (IMF) Mission Chief for Saudi Arabia. In an interview with Asharq TV, Mati added that the IMF expects the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) to completely reverse its production cuts by 2025. “Considering the announcements made by OPEC+ and the voluntary production cuts by Saudi Arabia, the cuts will be extended until June 2024,” he said.
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Commentary: Gulf states’ response to Iran-Israel conflict may decide outcome of crisis
Dana Stroul, who until December was the most senior civilian official at the Pentagon with responsibility for the Middle East, insisted: “Whatever regional politicians may say, the military, security and intelligence establishments of both the Arab states and Israel are quite clear – that Iran is the centre of gravity for instability, the export of terrorism and its illicit nuclear weapons programme.”
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Saudi PIF-backed Savvy Games to invest more in mobile after ‘Monopoly Go’ success
After seeing the major success of its mobile game Monopoly Go, Saudi Arabia’s Savvy Games Group plans to invest more in mobile game development and acquisitions, according to the company’s chief executive officer.
Savvy, wholly owned by Saudia Arabia’s Public Investment Fund (PIF), agreed to buy mobile game maker Scopely for $4.9 billion last April, the same month the Monopoly title was released. Since then, the online iteration of the famous board game has grossed $2 billion in revenue.
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Saudi Arabia is making a high-risk $1 trillion bet on tourism
On a clear day in March, tourists in golf carts and jeeps bounce amid dunes and cliffs at Desert X AlUla, a biannual open-air exhibition affiliated with Coachella, the famed California desert arts festival. They gaze at a giant hollow sphere with reflective glass set against a line of rock fragments by Saudi artist Faisal Samra and terra cotta pots scattered on the sand courtesy of Ghanaian Ibrahim Mahama. “We are trying to give them the time of their lives,” says Abdulaziz Alsulami, 18, who recently graduated from an international school in Riyadh and works at the exhibition.
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House passes long-awaited aid for Ukraine, Israel, Indo-Pacific
By large margins on Saturday, the House passed a package of three linked bills advancing $60 billion in military aid for Ukraine, $26 billion in military aid for Israel, and $8 billion for “countering China” in the Pacific.
The measures come at “a moment of grave urgency, with Israel facing unprecedented attacks from Iran, and Ukraine under continued bombardment from Russia,” U.S. President Joe Biden said in a statement. “I urge the Senate to quickly send this package to my desk so that I can sign it into law and we can quickly send weapons and equipment to Ukraine to meet their urgent battlefield needs.” -
UK Launches Saudi Investment Drive to Grab Share of MBS’s Vision
The UK and Saudi Arabia will hold a trade expo in Riyadh next month as Rishi Sunak launches an investment drive aimed at taking advantage of Crown Prince Mohammed bin Salman’s Vision 2030 project. A delegation of more than 300 British business executives will join Deputy Prime Minister Oliver Dowden at the Saudi Great Futures event on May 14-15, according to a statement from Dowden’s office. The event will mark the start of a year-long campaign to showcase UK firms to Saudi investors with a focus on sectors that support the country’s Vision 2030, which was established by bin Salman eight years ago to diversify the economy away from oil.
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Iran says nuclear weapons have no place in its nuclear doctrine
Nuclear weapons have no place in Iran's nuclear doctrine, the country's foreign ministry said on Monday, days after a Revolutionary Guards commander warned that Tehran might change its nuclear policy if pressured by Israeli threats."Iran has repeatedly said its nuclear programme only serves peaceful purposes. Nuclear weapons have no place in our nuclear doctrine," ministry spokesperson Nasser Kanaani said during a press conference in Tehran.
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Egypt reclaims 3,400-year-old stolen statue of King Ramses II
Egypt welcomed home a 3,400-year-old statue depicting the head of King Ramses II after it was stolen and smuggled out of the country more than three decades ago, the country's antiquities ministry said on Sunday.The statue is now in the Egyptian Museum in Cairo but not on display. The artefact will be restored, the ministry said in a statement.The statue was stolen from the Ramses II temple in the ancient city of Abydos in Southern Egypt more than three decades ago. The exact date is not known, but Shaaban Abdel Gawad, who heads Egypt's antiquities repatriation department, said the piece is estimated to have been stolen in the late 1980s or early 1990s.
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