QUOTED

“I never thought I’d see this in my lifetime…If I had tried to get such a gathering together back then, they would have shut it down. But now this is a forum for everyone. And I couldn’t be happier. Sometimes I get a customer who complains about the music, or mixing, but I just tell them things have changed.”

-Saudi coffee shop owner Monira Salman Quaratah, who hosted on Thursday a women’s empowerment forum that drew more than 15 local and foreign women to speak to a new foundation, Saudi Women Stories. [The Guardian]

TOP STORY

VISION 2030

Saudi Aramco Officially the World’s Biggest IPO, Raises $25.6 Billion

Crown Prince Mohammed bin Salman.

Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, raising $25.6 billion, making it the world’s biggest IPO.

The IPO values Aramco at roughly $1.7 trillion, making it the most valuable publicly traded company in the world ahead of Apple, which is worth about $1.15 trillion. It also soared past the previous record IPO, China’s Alibaba when it made its 2014 public debut. [more]

 

MORE TOP STORYLINES

Saudi Aramco IPO proves a hit with small investors

Via Frank Kane in arabnews.com : Samba Capital, the lead manager for the record-setting share sale, announced that 5.06 million individual subscribers bought shares in the offer, spending nearly SR50 billion ($13.3 billion). Most of them did so online, or via the special ATM arrangements for the IPO.

Saudi, Russia win over oil producers to deeper cuts

Via Shadia Nasralla in reuters.com : Saudi Arabia and Russia won backing for deeper output cuts from OPEC and allied oil producers on Friday as they look to head off global oversupply in 2020 and sustain prices.

Saudi Arabia into the final of the Gulf Cup after defeating Qatar

in arabnews.com : A tiny handful of Saudi fans were present in Qatar Thursday to see their side’s hard-won 1-0 Gulf Cup semifinal victory over the hosts whose supporters dominated the cavernous Al-Janoub stadium.

 

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Saudi Bonds

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Saudi Youth Development Survey of 2019

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First military section for women introduced in Saudi Arabia

Under the initiative to incorporate more women into the field, previously announced in October 2019, women can now join the military as lance corporals, corporals,...[via thenews.com]

 

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From the field: The new student recruitment landscape in Saudi Arabia

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Fifteen of the top projects currently shaping Saudi Arabia

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Teneo Signs Up to Manage PR Unit of Saudi Mega-City

The New York-based firm’s duties include leading and staffing Neom’s PR unit to ensure that the development’s corporate messages and positioning are effectively communicated. It also...[By Kevin McCauley via odwyerpr.com]

 

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Iraq cleric calls for new premier without foreign influence

“We hope the head of the new government and it’s members are chosen within the constitutional deadline and according to the aspirations of the people...[By Samya Kullab and Murtada Faraj via apnews.com]

 

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U.S. military could add troops to Middle East, but struggles to explain plans

The United States military struggled on Thursday to explain its plans for potential increases in U.S. forces in the Middle East amid concerns Iran could...[By Idrees Ali and Phil Stewart via reuters.com]

 

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France, Britain and Germany will ratchet up pressure on Iran in coming weeks by triggering a dispute mechanism if Tehran continues its prohibited moves away from...[By Laurence Norman via wsj.com]

 

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Assessing US policy toward Iran

In the aggregate, Tehran is able, despite the maximum pressure campaign, to deter an assault on Iran by threatening to inflict substantial damage on the...[By Kenneth Katzman via atlanticcouncil.org]

 

Lebanon

France to convene meeting to mobilize support for Lebanon

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"The Middle East was late to the first, second, and third industrial revolutions. This time, it must be ahead of the curve," Khalid Al Rumaihi,...[By Damian Radcliffe via zdnet.com]

 

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With the Help of Russian Fighters, Libya’s Khalifa Haftar May Soon Take Tripoli

All this may sound like good news to Haftar, who, for the first time, could conceivably take Tripoli. But the battlefield advantages that come with...[By Frederic Wehrey via foreignpolicy.com]

 

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Netanyahu’s annexation of Jordan Valley already a reality, say Palestinians

With their water already stolen by Israeli settlers and facing legal discrimination, residents say any formal move will make little difference...[By Qassam Muaddi via middleeasteye.net]

 

Egypt

Archaeologist launches private bid to retrieve priceless Egyptian treasures from European museums

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