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Quoted

“We wanted to appeal to young job seekers in the Kingdom by offering them a fun and simple way to apply to McDonald’s. Our main purpose was to make the application process instantaneous and accessible and Snapchat is the perfect channel to reach the target audience given its widespread popularity among them.”

Mohamed Alireza, Deputy General Manager of Reza Food Services Limited, McDonald’s Western and Southern regions, in comments about how his company used a Snapchat campaign to hire Saudis. The effort netted 42,000 applications; far surpassing its goal of 10,000. [Campaignme.com]

TOP STORY

Lockheed Martin Awarded Contract to Build Four MMSC ships for Saudi Arabia

saudi-lockheed-sustg

The Navy announced Friday that Lockheed Martin was awarded a $1.96 billion contract to modify four multi-mission surface combatants (MMSC) for Saudi Arabia.  This award is an addition to Saudi Arabia’s $11.25 billion agreement to provide MMSCs in 2015. [more]

 

TOP STORY

U.S. Probe of Saudi Oil Attack Shows it Came From the North – Reuters Report

Oil Facility

The United States said new evidence and analysis of weapons debris recovered from an attack on Saudi oil facilities on Sept. 14 “indicates the strike likely came from the north, reinforcing its earlier assessment that Iran was behind the offensive,” Reuters reports in an exclusive.

The attacks on September 14th were significant. Two of Saudi Arabia’s most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia’s total daily oil production and 5% of the world’s crude supply.

The Iran-backed Houthis in Yemen said that the attacks were drone strikes they carried out, and claimed responsibility for them. The Houthis also said they would strike again.

But in an interim report of a U.S. investigation – “seen by Reuters ahead of a presentation on Thursday to the United Nations Security Council – Washington assessed that before hitting its targets, one of the drones traversed a location approximately 200 km (124 miles) to the northwest of the attack site,” according to Reuters.

“This, in combination with the assessed 900 kilometer maximum range of the Unmanned Aerial Vehicle (UAV), indicates with high likelihood that the attack originated north of Abqaiq,” the interim report said, referring to the location of one of the Saudi oil facilities that were hit.

[Click here to read more from Reuters]

 

 

MORE TOP STORYLINES

Foreigners Top Saudi Stock Buyers in Week of Aramco Inclusion

Via Filipe Pacheco in bloomberg.com : Investors from outside of the Gulf were net buyers of about 3.56 billion Saudi riyals ($950 million) for the week ended Dec. 19, according to data provided by the stock exchange. Qualified foreign institutional investors (QFIs) boosted the figure and bought the most.

Saudi sentences five to death, three to jail in Khashoggi case

Via Marwa Rashad in cnbc.com : Riyadh’s criminal court pronounced the death penalty on five defendants, whose names have not yet been released, “for committing and directly participating in the murder of the victim”. The three sentenced to prison were given various sentences totaling 24 years “for their role in covering up this crime and violating the law”.

How the rise of individualism is upending the Middle East

Jon B. Alterman writes in washingtonpost.com about changing societal norms throughout the ME region. “Besides technology, another force driving the trend is urbanization. When people live in villages, they rely on the people directly around them for basic social needs. Neighbors may have known each other for generations. Yet reciprocal obligations are more tenuous in cities, which are booming in the Arab world.”

 

MORE ON THE KINGDOM AND BEYOND

IMF projects Saudi Arabia’s oil output to hit 11M bpd by 2029

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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...[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

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

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Splashy Saudi mega-project NEOM chases Chinese funds

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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]

 

Iraq

Thousands Protest in Iraq Ahead of Deadline to Name New PM

Protesters on Sunday decried the likely pick for the new interim prime minister, former higher education minister Qusay al-Suhail, who is opposed by critics for...[via voanews.com]

 

Lebanon

Thousands protest in Lebanon against new Prime Minister Hassan Diab

Thousands of protesters demonstrated in central Beirut and elsewhere in Lebanon on Sunday against the country’s new prime minister, saying he should abandon the post...[via france24.com]

 

Iran

Reuters Report Says Iran’s Leader Ordered Crackdown On Unrest: “Do Whatever It Takes To End It”

After days of protests across Iran last month, Supreme Leader Ayatollah Ali Khamenei appeared impatient. Gathering his top security and government officials together, he issued...[By Reuters via radiofarda.com]

 

U.S.-Afghanistan

Top US General Defends Afghanistan War

Too many officials across too many agencies worked on Afghanistan, he argued, to suggest that there was any kind of deliberate lie to the American...[By Katie Bo Williams via defenseone.com]

 

Banking and Finance

IPO Bankers Face Headwinds From Silicon Valley to Saudi Arabia

From Silicon Valley to Saudi Arabia, it’s been a tough year for IPO bankers. Wall Street kicked off the year excited about money it would make...[By Myriam Balezou, Swetha Gopinath, and Liana Baker via bloomberg.com]

 

Pakistan

Why Pakistan’s Former Ruler Musharraf Was Sentenced to Death, And What It Means

Given that he is currently living in Dubai, the sentence is unlikely to be carried out, even if it is upheld by the Supreme Court....[By Madiha Afzal via lawfareblog.com]

 

Turkey

Erdogan says Turkey cannot handle new migrant wave from Syria, warns Europe

Turkey currently hosts some 3.7 million Syrian refugees, the largest refugee population in the world, and fears another wave from the Idlib region, where up...[By Tuvan Gumrukcu via reuters.com]

 

Qatar Dispute

UAE holds back from Qatari-Saudi detente and plans for gas independence

But Abu Dhabi's rhetoric has begun to change of late, with officials from state-owned ADNOC talking of reaching gas "self-sufficiency" and even becoming a net...[By Dania Saadi via spglobal.com]

 

Afghanistan

For Women in Kabul, ‘It Is Just Me and the Water’

Since 2001, 23 public and private pools have appeared in Kabul, but only two allow women. They’re a welcome refuge from suicide bombings and the...[By Fatima Faizi and Thomas Gibbons-Neff via nytimes.com]

 

Sugar Tax

Vimto maker Nichols warns of lower 2020 profit on Saudi, UAE sugar tax

Shares of the company, which sells its drinks in more than 85 countries, fell 17%, as it said price hikes to offset the 50% excise...[By Tanishaa Nadkar via reuters.com]

 

ToTok

Popular chat app ToTok is reportedly secret United Arab Emirates spying tool

The Times notes that this is something of a new development in the history of digital spying by authoritarian regimes. Although many governments routinely hack...[By James Vincent via theverge.com]

 

India

Fire at Warehouse in India’s Capital Kills 9

A fire at a warehouse in India's capital on Monday killed nine people and injured three others, an official said. The fire broke out early in...[via voanews.com]

 
 

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