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QUOTED
“…[G]olf has a bright future, and should provide many job and career opportunities for Saudis, both male and female. The Saudi Golf Federation and Golf Saudi have developed wonderful plans for golf courses, academies, training programs and entertainment golf that will accelerate the spread of the sport in Saudi Arabia.”
–Prince Khalid bin Saud Al-Faisal, adviser to the Saudi Golf Federation and Golf Saudi, in comments to Arab News. The Kingdom will host The Saudi International at King Abdullah Economic City (KAEC) next week from Jan. 30 — Feb. 2. [arabnews.com]
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TOP STORY
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters]
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A new rule from Israeli leaders will allow Israeli Muslims to go to Saudi Arabia for religious pilgrimages and permit business trips to the Kingdom, according to reports. [more]
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TOP STORY
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings. [more]
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MORE TOP STORYLINES
In a video from bloomberg.com : The world’s most valuable company isn’t Apple, Amazon or Google. That title instead belongs to Saudi Aramco. This is the story of how an oil company that started out as an American dream became Saudi Arabias cash cow.
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Via Maha El Dahan in reuters.com : “Such extreme pessimism occurred back in 2003 during the SARS outbreak, though it did not cause a significant reduction in oil demand,” the minister said in a statement. Fellow Gulf OPEC oil producer United Arab Emirates echoed the Saudi minister’s comments.
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Via David Herbling in bloomberg.com : Swarms of the insects are already devouring crops and pasture in Ethiopia and Somalia, and they’re breeding in Djibouti, Eritrea and Sudan — all areas that are prone to drought and food shortages. There’s a high risk they may soon enter northeast Uganda and southeast South Sudan, the United Nations’ Food and Agriculture Organization said Friday.
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MORE ON THE KINGDOM AND BEYOND
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The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, discussed the significant growth in investments between Saudi Arabia and Spain....[By Elias Al Helou via economymiddleeast.com]
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Saudi Arabia’s crude oil production reached in February 2024 a seven-month high of 9.01 million barrels per day (bpd), according to data from the...[By Elias Al Helou via economymiddleeast.com]
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GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023...[By Patrick Jowett via pv-magazine.com]
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Saudi Arabia’s holdings of US Treasuries reached $130.5 billion in February 2024, down $3.2 million month-on-month, new data released by the US Treasury showed.
Accordingly, the...[via argaam.com]
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The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%.
The decision applies traffic violations committed by Saudi nationals,...[via argaam.com]
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Rising Saudi Star Mohammed Elshehri has been announced as master of ceremonies at the 10th edition Saudi...[By Melanie Goodfellow via deadline.com]
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Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted the impact...[via maaal.com]
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Pakistan’s foreign office said on Friday the South Asian country would continue its “constructive engagement” with the Kingdom of Saudi Arabia to enhance economic and...[via arabnews.com]
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Eng. Mahmoud Abdulhadi, deputy minister of tourism for destination enablement, emphasized that Saudi Arabia is providing promising opportunities for both Saudi and international investors to...[via saudigazette.com]
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The Defense Security Cooperation Agency has approved the sale of C-172 and AC/RC-208 aircraft contractor logistics support and training to Iraq, and multifunctional information distribution...[via defenceconnect.com]
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“I’ve been going to Venice for about 12 years,” AlDowayan tells Arab News. “The first time I showed there, I knew in my heart that...[By Rawaa Talass via arabnews.com]
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The International Monetary Fund (IMF) has further strengthened its positive outlook for the Saudi Arabian economy by revising its 2025 growth forecast upwards for the...[via spa.gov]
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Riyadh will require an average oil price of $96.20 a barrel to balance its budget, assuming it holds crude output steady near 9.3 million barrels...[By Grant Smith and Abeer Abu Omar via yahoo.com]
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The Palestinian prime minister called on Monday for world powers to boycott the initiative. “This is a plan to protect Trump from impeachment and protect...[By Oliver Holmes via theguardian.com]
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There have been numerous rocket attacks on Baghdad's Green Zone, where the embassies of the US and several other western countries are located, and the...[By Barbara Starr and Jennifer Hansler, CNN via cnn.com]
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Iraqi security forces on Saturday regained control over some areas in central Baghdad and southern cities after an influential cleric withdrew his support for widespread...[By Isabel Coles via wsj.com]
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After the attack on two bases housing U.S. troops, Trump said there had been no casualties. But the Department of Defense later announced that 11...[By William Cummings via usatoday.com]
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The hard-line Guardians Council, which vets all election candidates, has disqualified some 9,000 of the 14,000 who registered to run in the elections, including 90...[By Golnaz Esfandiari via rferl.org]
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In an unannounced tour of five military bases in Syria stretching from the northeastern part of the country to the Middle Euphrates River Valley, McKenzie...[By Lolita Baldor via militarytimes.com]
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A plane crashed in the central Afghanistan province of Ghazni on Monday, killing everyone on board, according to a local official....[via nbcnews.com]
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