QUOTED

Quoted

“After turning down opportunities to go to the Middle East for many years, I’m excited to go play and see a place in the world I’ve never been…I understand those who are upset or disappointed. You’ll be OK. I’m excited to experience this for the first time.”

Phil Mickelson, professional golfer, on his decision to play in the upcoming Saudi International golf tournament. The tournament will run from 30th January – 2nd February at the Royal Greens Golf & Country Club, King Abdullah Economic City. [GolfDigest.com]

TOP STORY

Qatar, Saudi National Teams Set to Face Off in Semifinals of Gulf Cup in Doha

saudi-qatar

Qatar defeated the United Arab Emirates, 4-2, in the quarterfinals of the Gulf Cup being played in Doha, Qatar on Monday. The win advances the host country’s team to a semifinal match against Saudi Arabia on Wednesday.

The match between the two teams has extra intrigue as the two nations play each other for the first time since several Gulf states, including Saudi Arabia, have boycotted Qatar over disagreements on several issues.

However, evidence that the diplomatic standoff is thawing continues to mount.  [more]

 

TOP STORY

Saudi Arabia Assumes G20 Presidency, Launches Promotional Video

Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020.

The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms. [more]

 

MORE TOP STORYLINES

Saudi Arabia’s top defense industry regulator talks manufacturing expansion

Via Jill Aitoro in defensenews.com : GAMI Governor Ahmed bin Abdulaziz Al-Ohali spoke to Defense News about efforts to enable domestic manufacturing in the near term, which will be the foundation for Saudi Arabia’s long-term goals to ramp up export capabilities and co-development of military systems with global partners.

Foreign Investments in Saudi Stock Market Reach New Record High

In aawsat.com :  “The level of foreign investment stood at 9.25 percent after foreign investors pumped $338.6 million into the Kingdom. The new record coincided with forecasts that foreign investment averages in Saudi Stock Exchange (Tadawul) would leap to 10 percent during the coming weeks.”

Oil Trading in Sweet Spot Adds to Improving Economic Signals

Via Amrith Ramkumar in wsj.com : U.S. crude has generally stayed between $50 and $60 a barrel in the past six months and is on pace for its best year since 2016 following a sharp selloff late in 2018. Brent, the global gauge of prices, has also been steady and traded between $55 and $65.

 

MORE ON THE KINGDOM AND BEYOND

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...[via argaam.com]

 

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...[By Ramadan Al Sherbin via gulfnews.com]

 

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...[via spa.gov]

 

Egypt says no deal with Saudi Arabia on Ras Gamila resort yet

The Egyptian government denied on Sunday that any foreign investment deal in prime Red Sea coastal land in Ras Gamila has yet been officially...[By Nabila El-Gaafary via newarab.com]

 

Revenues touch SR3.7 billion in Saudi cinema sector since 2018

The revenues of the cinema sector in Saudi Arabia from April 2018 until March of current year amounted to about SR3.7 billion, while the total...[via saudigazette.com]

 

Saudi’s PIF and STC agree deal to create region’s largest telecom tower company

Saudi Arabia's sovereign wealth fund PIF has agreed to buy a 51% stake in Telecommunication Towers Company...[By Federico Maccioni via reuters.com]

 

How Saudi Arabia’s new economic cities can make manufacturing more sustainable

As the world marks International Mother Earth Day on April 22, Saudi Arabia continues its effort to mitigate the effects of climate change, accelerate its...[By Ghadi Joudah via arabnews.com]

 

Cinema ticket prices to go down drastically in Saudi Arabia as Film Commission slashes licensing fees

Cinema ticket prices are expected to go down drastically in Saudi Arabia following the decision of the Film Commission to cut licensing fees for practicing...[via saudigazette.com]

 

Splashy Saudi mega-project NEOM chases Chinese funds

Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski...[By Holmes Chan and Robbie Corey-Boulet via finance.yahoo]

 

The world must adapt to a new generation of GCC sovereign-owned investors

Instead of recycling revenues from oil exports into, say, US Treasuries for future generations, sovereign wealth is being used to kick-start a regional economic and...[By Megren Al-Shaalan, Marwan Elaraby and Renad Younes via thebanker.com]

 

GCC economies to forge ahead despite geopolitical risks

The growth forecast for the Middle East and Central Asia was revised slightly lower – to 2.8 per cent in 2024, from...[By Khatija Haque via thenationalnews.com]

 

Middle East Biennale pavilions challenge entrenched views of women

Saudi Arabia and Lebanon's installations at the Venice Biennale seek to redress the balance by questioning masculine views and Western myths surrounding the portrayal...[By Rebecca Ann Hughes via euronews.com]

 

Middle East military burden is world’s highest in 2023 as Israel spending up 24%

Middle East countries spent 4.2 per cent of their gross domestic product (GDP) on defence in 2023, the highest rate globally, as ...[By Deena Kamel via thenationalnews.com]

 

Tunisia

Tunisia’s police and demonstrators clash in third night of protests

Clashes erupted on Monday between protesters and Tunisian police who fired tear gas to disperse them in the southern town of Jelma, the third consecutive...[via reuters.com]

 

Egypt

Egypt and Sudan in talks to defuse tensions over Ethiopian dam

A new round of high-level talks has started in Cairo between three Nile basin countries aimed at resolving disputes over Ethiopia’s controversial Grand Renaissance dam,...[By Saeed Kamali Dehghan via theguardian.com]

 

Yemen Civil War

Oman expresses confidence in settling Yemen crisis

''Regarding the situation in Yemen, all parties agree that it is time to resolve this conflict and end violence and destruction. There is a real...[via timesofoman.com]

 

Russia in the Region

Russia Is Testing The Resilience Of American F-35s In Syria

Israeli sources “are increasingly convinced” that three weeks of GPS disruptions for civilian flights are a side effect of Russian jamming and spoofing in Syria,...[By David Axe via nationalinterest.org]

 

Iraq

What comes after Iraqi PM’s resignation?

In a statement, protesters in 10 Iraqi provinces made seven demands following Abdul Mahdi’s resignation announcement, including “ongoing protests until parties disappear and the quota system ends, constitutional...[By Adnan Abu Zeed via al-monitor.com]

 

Lebanon

Trump administration approves over $100M for Lebanon military

The Trump administration has quietly released more than $100 million in military assistance to Lebanon after months of unexplained delay that led some lawmakers to...[By Matthew Lee via defensenews.com]

 

Global Oil Markets

Oil Trading in Sweet Spot Adds to Improving Economic Signals

U.S. crude has generally stayed between $50 and $60 a barrel in the past six months and is on pace for its best year since...[By Amrith Ramkumar via wsj.com]

 

China

Trump says China-US trade deal could wait until after 2020 election

Donald Trump has warned that a trade deal with China could be more than a year away in comments that sent shares in Britain’s top...[By Phillip Inman via theguardian.com]

 

Gulf Cup

Qatar sets up Saudi Arabia Gulf Cup semifinal clash

The win has set up an intriguing semifinal clash between the host Qatar and Saudi Arabia, one of the three West Asian countries which has...[via thehindu.com]

 

Turkey

Commentary: How Do You Solve a Problem Like Ankara?

“Turkey does what’s good for Turkey, period. Full stop,” said a U.S. official with subject matter expertise. For the United States, that official said, the...[By Katie Bo Williams via defenseone.com]

 

NATO

Trump blasts Macron over ‘brain dead’ Nato remarks

At a news conference alongside the Nato secretary general, Jens Stoltenberg, the US president also accused Macron of trying to break away from Nato, as...[By Dan Sabbagh via theguardian.com]

 

Arab Individualism

Ties that Bind: Family, Tribe, Nation, and the Rise of Arab Individualism

Social changes around the world are having a disproportionate im­pact on Arab societies. Loyalty and obligation have played a particu­larly strong role in how Arabs...[By Jon B. Alterman via csis.org]

 

Israel-Palestine

Israeli occupation costs Palestinian economy $2.5 bln a year: UN

Israel’s occupation of the Palestinian territories has cost the economy of the Palestinians more than $2.5 billion a year for the past two decades, a...[via alarabiya.net]

 
 

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