MUST-READS

• Assad’s Fall Prompts Initial Gulf Unity but Differences and Concerns Are Emerging

  The rapid downfall of the Assad dynasty in Syria has caught the Gulf Arab monarchies by surprise, much as everyone else. Understandably, their initial reaction was somewhat guarded and holding to general principles. All of the Gulf Arab states issued brief statements supporting the preservation of Syria’s government institutions and stability and unity of its people. The Gulf states, like states bordering Syria, are unlikely to escape the consequences of these seismic changes in the heart of the diverse Arab east. There are concerns about the potential for renewed civil strife or terrorism in Syria and the possibility of it spreading to neighboring states Iraq and Jordan. There are already calls for greater Gulf engagement to balance Turkey’s advances and moderate the emerging Syrian leadership. The foreign ministers of Qatar, the UAE, and Bahrain joined Saudi Arabia and the other states of the Arab Ministerial Contact Committee on Syria in Aqaba, where they issued a statement pledging more robust aid and support for the transitioning Syrian government while emphasizing the need for a comprehensive and inclusive national dialogue.

• Saudi Re sets date for new shares subscription; preemptive rights suspended

  Saudi Reinsurance Co. (Saudi Re) announced today, Dec. 25, subscription period for new shares to increase its capital, while also suspending preemptive rights. In a statement to Tadawul today, Dec. 25, the company said the subscription period will run from Dec. 26 till Dec. 30. It will be limited to the Public Investment Fund (PIF), as specified in the offering prospectus.

• Saudi Arabia’s Absher Platform Reaches 28 Million Digital Identities Milestone

  The Absher platform serves as a comprehensive digital gateway, enabling users to access various Ministry of Interior services through three main channels: Absher Individuals, Absher Business, and Absher Government. Users can interact with more than 500 government and private entities through the unified national access portal known as “Nafath.” The platform has evolved from its original focus on passport and civil status services to become an integral part of Saudi Arabia’s Vision 2030 digital transformation strategy. Operational data reveals that the Absher platform processed over 605,000 daily operations during the past year, demonstrating the system’s robust performance and widespread adoption. The Ministry of Interior has implemented advanced technical solutions to optimize service procedures and enhance user experiences. The improvements include AI-powered verification systems and cloud-based infrastructure that ensures 24/7 availability.

• Ministry of Interior: Over 28 million digital identities issued via Absher

  The Saudi Ministry of Interior announced that the number of unified digital identities issued through its electronic platform Absher has exceeded 28 million. These identities enable users to access the ministry's services through its platforms: Absher Individuals, Absher Business, and Absher Government. Moreover, users can interact with over 500 government and private entities via the unified national access portal "Nafath." The digital identity system supports seamless and reliable implementation of digital transformation services and national electronic transactions. By providing electronic services that meet the highest quality standards, the Ministry of Interior has played a significant role in advancing Saudi Arabia's position on the United Nations Digital Services Index.

• Saudi Arabia leave it late to down Yemen in Gulf Cup

  Saudi Arabia came back in dramatic fashion to defeat Yemen 3-2 on Wednesday to keep their hopes of advancing to the semifinals of the 26th edition of the Arabian Gulf Cup very much alive. After losing to Bahrain in the opening match of Group B, the Green Falcons needed the victory and got it — but only just. Amazingly, Yemen, ranked 99 places below their neighbors at 158 in the world, were two goals ahead by the half hour at the Sulaibikhat Stadium in Kuwait. The first came in the eighth minute. Abdulwasea Al-Matari was given plenty of space to cross from the left for Harwan Al-Zubaidi to arrive at the middle of the six yard box just before Ali Al-Bulaihi to send a header into the net. It was Yemen’s first goal against Saudi Arabia in eight Gulf Cup games

• Strategies for Success in Consulting: Navigating the Competitive Market in Saudi 2030

  Saudi Arabia’s Vision 2030 is a transformative national plan aiming to diversify the Kingdom’s economy, reduce its dependence on oil, and position the country as a global hub for investment, technology, and innovation. This ambitious vision offers unprecedented opportunities for consultants, but it also intensifies the competition in the market as both local and international consulting firms vie for a share of the expanding sectors. In this context, consulting firms must adopt effective strategies to navigate a competitive and fast-changing environment. This paper explores the key strategies for success in consulting, focusing on building competitive advantages, staying agile in a dynamic regulatory landscape, fostering client relationships, and leveraging emerging technologies to add value.

• Mancini denies interference in his former Saudi Arabia job
  Roberto Mancini on Thursday dismissed claims that he had encountered interference during his spell at the helm of the Saudi Arabia national soccer team. The 60-year-old Italian left his position on Oct. 24, some 14 months after taking over from Herve Renard, who is now leading the team at the Arabian Gulf Cup held in Kuwait. Under Mancini, the Saudis were knocked out of the Asian Cup in the last 16 earlier this year after losing in a penalty shootout to South Korea. “I would like to say this for the last time, during my career there was absolutely no interference in the selection of players and I am happy with my experience and work in Saudi Arabia,” he posted on the X social media platform.

• Saudi Arabia Prefabricated Buildings Industry Report 2024: Regional Insights, Competition, Forecast & Opportunities, 2019-2029

  The Saudi Arabia Prefabricated Buildings Market was valued at USD 2.23 Billion in 2023, and is expected to reach USD 3.52 Billion by 2029, rising at a CAGR of 7.73%. The Prefabricated Buildings market encompasses the production, distribution, and utilization of structures that are manufactured off-site and assembled on-location.

• Snap reveals Saudi National Day’s ‘Kingdom’s Lenscape’ AR Campaign reaches 10 million users

  ‘Kingdom Lenscape’, Snapchat’s augmented reality (AR) campaign in celebration of Saudi National Day 2024, proved to be a huge hit in the Kingdom, achieving a total reach of more than 10 million, over 64 million impressions and 12.8 seconds’ average camera playtime. The ‘Kingdom Lenscape’ campaign featured two pillars; FAKHAR, focused on celebrating national pride, and KARAM, highlighting the culture of gifting and shopping. A number of prominent brands got involved, including Ounass, Huda Beauty, NiceOne, Shahid, Spotify, Alwazn Almithaly, Zyros, Saudi Investment Bank, Laverne and Alwaleed Philanthropies.

• Saudi defense minister meets Lebanese army commander

  Saudi Minister of Defense Prince Khalid bin Salman met with Lebanese Armed Forces Commander General Joseph Aoun in Riyadh on Thursday. The meeting focused on reviewing military and defense relations between Saudi Arabia and Lebanon. They also discussed the latest developments in Lebanon and ongoing efforts to address them. Several officials from both sides were present at the meeting.

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