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Saudi Arabia Confirms G20 will be Held Virtually on November 21-22
The G20 leaders summit will be held virtually on Nov. 21-22, Saudi Arabia said on Monday, in a blow to the Kingdom’s hopes of hosting the gathering in-person in Saudi Arabia, according to a statement.
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Road to the G20: 2-Day Science-focused S20 Summit Begins Today
Saudi Arabia today convenes the S20 engagement group of the G20 nations, a science-focused group lead this year by the King Abdullah University of Science and Technology (KAUST) in Thuwal, Jeddah.
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Road to the G20: L20 Summit, Focused on Workers and Labor, Emphasizes Inclusion of Women and Youth
On the 7th and 8th of September, the Labor 20 engagement group launched its Saudi L20 Summit, titled “A New Social Contract for Recovery and Resilience,” which was held in the Saudi capital Riyadh in accordance with COVID-19 safety measures, and was streamed online to allow the participation of international speakers and audience.
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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp
Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers “to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile,” Bloomberg reports.
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With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020
A recently-released report by Jadwa Investment revises downward the overall Saudi gross domestic product (GDP), now estimated to contract by 3.7% in 2020, as the Kingdom sees its oil diplomacy achieve enormous successes in stabilizing the markets after dual shocks earlier this year.
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Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials
Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.
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Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020
Like in most other countries around the world, Saudi Arabia’s travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier’s International highlights the severity of the impact.
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Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message
Saudi Arabia’s King Salman bin Abdulaziz was released from the hospital after gallbladder surgery, and published an Eid al-Adha greeting to his followers on Twitter, according to reports.
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Unemployment for Saudis Declines in Latest Labor Figures before Pandemic
Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.
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MUST-READS
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Blinken warns Israel, Hamas of last chance to end Gaza war
U.S. Secretary of State Antony Blinken warned on Monday that the latest push for a Gaza ceasefire and hostage release deal was probably the best and possibly last opportunity, urging Israel and Hamas towards an elusive agreement. However, with Palestinian Islamist group Hamas announcing a resumption of suicide bombing inside Israel after many years, and with Israeli airstrikes still pounding Gaza, there was little sign of conciliation.
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Gaza Reduced to 42 Million Tonnes of Rubble. What Will It Take to Rebuild?
Since then, more than 70% of Gaza’s housing, already depleted in previous conflicts, has been reported as damaged, along with schools, hospitals and businesses. Most of its 2.2 million people are displaced, crammed into a tiny slice of land along the Mediterranean coast, largely cut off from fresh water and food, as well as medicine and basic sanitation, aid agencies say.
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Saudi Arabia FIFA World Cup™ 2034 Bid. One of the fastest and most exciting growth stories in world football
In 2034, Saudi Arabia hopes to become the first single country to host a 48-team FIFA World Cup™. Almost two-thirds of Saudis who live in the Kingdom are under 30 years old. Football is one of the most powerful examples of the country's rapid transformation, with tens of thousands of young boys, girls, men and women taking up the sport.
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Over 6 million students in Saudi Arabia return to school on Sunday
More than 30,000 public, private, international, and foreign schools across the Kingdom have welcomed nearly 500,000 teachers in preparation for the new school year. The return to school coincides with the start of the second-round exams for students who did not pass certain subjects in the first round, as well as the distribution of new textbooks to students.
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Lucid is “Outselling All Competitors” in Saudi Arabia, VP Says
Since the beginning of the year, Lucid has delivered well over 1,000 vehicles there, received $2.5 billion in support from the country’s fund, and opened new showrooms and service centers to support the growth in the Middle East region. If for the first quarter of the year, Lucid CEO Peter Rawlinson said vehicle deliveries in Saudi Arabia surpassed 500 units, the figures for the second quarter were not disclosed in the recent earnings call held on August 5th.
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Interior Ministry records nearly 20,000 violations in nationwide residency and labor law inspection campaign
The Ministry of Interior conducted inspection campaigns across Saudi Arabia from August 8 to August 14, focusing on compliance with residency, labor, and border security laws. The inspections resulted in the recording of 19,989 violations, including 12,608 related to residency, 4,519 to border security, and 2,862 to labor laws. During the campaign, authorities apprehended 913 individuals attempting to cross the border into the Kingdom illegally, with 32% of them identified as Yemenis, 65% as Ethiopians, and 3% from other nationalities.
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Saudi Arabia Is Building A $23 Billion Park To Rival NYC’s Central Park – Video
In a bold move to redefine urban spaces, Saudi Arabia is embarking on an ambitious project to construct a $23 billion park designed to rival the iconic Central Park in New York City. This monumental endeavor, part of the Kingdom’s Vision 2030 plan, aims to transform the capital, Riyadh, into a global hub of culture, leisure, and innovation. The park, spanning over 13 square kilometers, will feature lush greenery, cutting-edge recreational facilities, and a host of cultural attractions, offering a blend of tradition and modernity. As the largest urban park in the world, this project is set to not only enhance the quality of life for residents but also attract millions of visitors worldwide.
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Saudi Super Cup 2024 final: Al Hilal crush Al Nassr
Al Hilal clinched the Saudi Super Cup trophy by coming from a goal down to crush Al Nassr 4-1 on Saturday, with all four of their goals coming in a dominant second half. Cristiano Ronaldo scored Al Nassr’s only goal a minute before the end of the first half, in which there were few chances, when he capitalized on a wonderful pass from Abd El Rahaman Ghareeb.
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Saudi Arabia’s surge in female workforce participation drives economic impact
It comes as the Gulf Cooperation Council experiences unprecedented momentum in women’s participation in the workforce. According to the latest figures from the World Bank, the female labor force participation rate in Saudi Arabia stands at 34.5 percent, compared to 79.9 percent for males. Anne-Laure Malauzat, a partner at Bain & Co. in the Middle East, told Arab News that the statistic has surpassed the original target of 30 percent, prompting the Kingdom to set a new goal of 40 percent by 2030.
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No mpox cases detected in Saudi Arabia: Health authority
No cases of mpox Clade 1b have been detected in Saudi Arabia despite the global outbreak, the Saudi Public Health Authority confirmed on Saturday. The authority stressed that the Kingdom was prepared to face all types of health threats by implementing the necessary measures to monitor and curb the spread of the virus, ensuring the safety and well-being of both citizens and residents.
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