“Much as thinking about information systems and cyber-risks has become integrated into corporate and public-sector decision making, climate change and its resulting risks will also need to feature as a major factor in decisions. For companies, this will mean taking climate considerations into account when looking at capital allocation, development of products or services, and supply chain management, among others. For cities, a climate focus will become essential for urban planning decisions. Financial institutions could consider the risk in their portfolios. Developing a robust quantitative understanding is complex and will also require the use of new tools, metrics, and analytics. At the same time, opportunities from a changing climate will emerge and require consideration.”

McKinsey Global Institute, in a recent study on the physical effects of climate change, including on individuals and communities, as well as infrastructure and natural capital. [McKinsey.com]


G20 2020

The Economic Impact of Saudi Arabia Hosting the G20 Summit


A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout the year.  [more]




World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies

Crown Prince Mohammed bin Salman.

The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports. [more]




Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’


Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion. [more]



Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China

Jafurah deposits are estimated to hold 200 trillion cubic feet of wet gas, Reuters reports.

Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports. [more]



Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd

Via Tsvetana Paraskova in oilprice.com : OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a much steeper decline than OPEC’s secondary-sources estimate of an 111,000-bpd fall, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday.

Photos From the 2020 Dakar Rally

Via Alan Taylor in theatlantic.com : Leaving from Jeddah, Saudi Arabia, on January 5, a group of 560 competitors began the 42nd annual Dakar Rally: a 12-day, 4,660-mile (7,500-kilometer) off-roading adventure held entirely in Saudi Arabia this year.

Abu Dhabi's ADNOC whips up $19 billion

Via Rania El Gamal and Davide Barbuscia in reuters.com : The Abu Dhabi National Oil Company has raised more than $19 billion over the past three years from overseas investors, according to Reuters calculations based on publicly released size of investments, signing fees and share sales.



Netflix screening ‘big boost’ to Saudi filmmakers

“Six Windows in the Desert,” a series of short films created by Saudis, will make its Netflix debut on Thursday, streaming in 190 countries. After buying...[via arabnews.com]


Saudi Officials Hold Talks with US Special Envoy for Syria

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah has met with US Deputy Assistant Secretary for Levant Affairs and Special Envoy for Syria Joel...[via aawsat.com]


More Than A Dozen Saudi Oil Firms Book Hefty Losses In 2019

A total of 14 Saudi companies in the energy sector booked hefty losses last year, Middle East Monitor reported on Wednesday, quoting analysts who had...[By Tsvetana Paraskova via oilprice.com]


Trekking to the Most Beautiful Wadi in the Middle East

Wadi Lejab is this magical spot somewhere on the map of the Al-Raith mountains in Saudi Arabia. After driving for 2 days from Riyadh, we...[By Eva zu Beck via youtube.com]


Inaugural Saudi Cup To Be Televised On FS1

Live coverage of the inaugural Saudi Cup airs Saturday, Feb. 29 at noon Eastern on FS1. The field for the Saudi Cup, the world's richest...[via paulickreport.com]


Can I Fly to Riyadh? Emirates Air to Limit Access to Saudi Arabia

Saudi Arabia suspended entry for nationalities holding tourist visas and coming from: Greater China, Iran, Italy, Korea, Japan, Thailand, Malaysia, Indonesia, Pakistan, Afghanistan, Philippines, Singapore,...[By Layan Odeh via bloomberg.com]


Sports minister launches Saudi Games, Kingdom’s largest sporting event

The event will feature 40 games with the participation of 35 sports federations in 18 venues within Riyadh....[via arabnews.com]


Aramco Is Said to Start Early Preparations for Overseas Listing

The world’s largest publicly traded company is in discussions with Wall Street banks to draw up scenarios for a second listing overseas, according to the...[By Matthew Martin, Dinesh Nair, and Ishika Mookerjee via bloomberg.com]


Saudi cuts March oil volumes to China by at least 500,000 bpd

Saudi Arabia, the world’s top oil exporter, is reducing crude supplies to China in March by at least 500,000 barrels per day (bpd) due to...[By Alex Lawler via reuters.com]


Saudi Aramco Open to Share Sales Abroad to Fuel Economic Plans

Saudi Arabia is planning to sell more stakes in state-owned oil producer Saudi Aramco as it looks to raise money to fuel an economic diversification...[By Matthew Martin via bloomberg.com]


Saudi Cup Could Change How Sires Are Ranked

If the winner of the Saudi Cup is by a U.S. sire and goes on to win the $12 million Dubai World Cup Sponsored by...[By Eric Mitchell via bloodhorse.com]


In Saudi Arabia, women have scored another winning goal

Saudi Arabia is planning on expanding the number of professional football players competing in the country, not by recruiting more athletes to its existing national...[via thenational.ae]


Saudi Lending to Private Sector Surges to Fastest Since 2016

Lending to Saudi Arabia’s private sector grew at the fastest pace since May 2016, a sign the kingdom’s non-oil economy is sustaining momentum as businesses...[By Vivian Nereim via bloomberg.com]


Anti-ISIS Campaign

US military resumes counter-Islamic State operations in Iraq

One official said some joint operations between the U.S. and Iraqi forces have already begun, but there are not yet as many as before. The...[By Lolita Baldor via apnews.com]



Iran warning puts thousands of European troops in spotlight

"Today, the American soldier is in danger, tomorrow the European soldier could be in danger," President Hassan Rouhani said at a Cabinet meeting without elaborating. European...[By Joseph Krauss via militarytimes.com via AP]


Turkey in the Region

Turkey’s Erdogan says country sending troops to Libya

Turkey is beginning to send troops into Libya in support of the internationally recognised government in Tripoli, President Tayyip Erdogan said on Thursday, days before...[via france24.com]


Climate Change

UN warns more extreme weather ahead after hottest decade on record

The past decade has been the hottest on record, the UN said Wednesday, warning that the higher temperatures were expected to fuel numerous extreme weather...[via saudigazette.com]



Opinion: A Sultan Dies. Can His Singular Diplomacy Survive?

Though he remained little known outside diplomatic circles, Qaboos was, for much of his long career, an indispensable linchpin of the international order. In recent...[By Hugh Eakin via nytimes.com]


Iran in the Region

Iran’s man in Iraq: Soleimani’s deadly fight against the US

"The training, equipping, and funding that Iran provided to those militia proxies made them orders of magnitude more lethal than they originally were," Sobchak said....[By Jon Greenberg via politifact.com]


U.S. Department of Defense

Perspective: Esper Is Attempting the Biggest Defense Reform in a Generation

The memos reveal Esper as an ambitious reformer, with goals broader than predecessors Robert Gates, who closed Joint Forces Command; and Chuck Hagel, who slimmed...[By Mackenzie Eaglen via defenseone.com]



There is a ‘disincentive’ to tell the truth about progress in Afghanistan, Pentagon official says

The sunny outlooks reported by senior leaders in Afghanistan over the last two decades created a vicious cycle, a Defense Department special inspector general told...[By Meghann Myers via militarytimes.com]


Yemen Humanitarian Response Plan

Saudi Arabia tops donor states to Yemeni aid fund

The total funding of Saudi Arabia was $968.4 million, representing 28 percent of the YHRP, with the US coming second with a donation of $907.6...[via arabnews.com]



Airstrike deaths in Syria belie Turkey-Russia ceasefire

The deaths come after a ceasefire agreement in the province went into effect on January 12, according to the Turkish defense ministry. The deal was...[By Eyad Kourdi and Kareem Khadder, CNN via cnn.com]



Turkey Removes Ban on Wikipedia After Almost Three Years

The Turkish government has blocked access to other popular websites such as Twitter, YouTube and Facebook in the past, for allegedly promoting terrorist propaganda or...[By Asli Kandemir via bloomberg.com]


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