MUST-READS

• Saudi Aramco Sees Tighter Oil Markets In 2022

  According to the latest estimates, oil demand will average 96.84 million bpd next year, a downward revision of 80,000 bpd from September. OPEC attributed the revision to slower economic recovery across the members of the Organisation for Economic Co-operation and Development (OECD) as well as non-OECD countries. Even with the revision, however, 2021 demand would be 6.5 million bpd higher than 2020's.

• Saudi streaming platform faces backlash over Beirut explosion drama

  The series is named 6:07 Beirut after the exact time of the 4 August explosion that killed more than 200 people and injured over 6,500 more. According to the Shahid.net website, the series aims to put a spotlight on the “stories of victims as well as survivors” of the Beirut blast.

• Saudi Arabia launches first locally manufactured interceptor vessel

  In April 2018, Zamil Offshore Services finalized an agreement worth $480 million with French shipyard CMN for the construction of 39 HSI32 interceptors for the Saudi Naval Forces. According to the agreement, 21 vessels were to be built by CMN in Cherbourg, France, and the remaining 18 to be assembled at the facilities of Zamil Offshore Services in Saudi Arabia.

• Innovative new format for Saudi Ladies Team International

  The event will take place two days after Saudi Arabia’s maiden women’s golf tournament, the $1 million Saudi Ladies International. Each captain will recruit one fellow Tour pro to their team using a draft system similar to that in NFL, NBA and other franchise leagues, and can base their pick on anything — whether that be current form, ranking or purely friendship. Their remaining Tour professional teammate will be selected at random, with the team being completed by one amateur player.

• Saudi Aramco, Adnoc committed to $44 billion west coast refinery project: IOC chairman

  Once the land issue is sorted out, both companies are committed to investing in the project, he said. Aramco and Adnoc are to hold 50 per cent in the project, while IOC has a 25 per cent stake. The remaining 25 per cent is split equally between BPCL and HPCL.

• How Saudi Arabia is coping with the pandemic (Video)

  Saudi Arabia's Umrah pilgrimage normally attracts close to 20 million people. This year, only 6,000 will be allowed to take part daily. The Deputy Health Minister tells Becky Anderson the country is "not only reacting to the [COVID-19] situation, but proactively reacting to it."

• Saudi Arabia Seeks to Increase Investment in Iraq to $2.6Bn

  On Tuesday, the Saudi-Iraqi Coordination Council’s (SICC)Economic, Trade, Investment, and Relief Committee held its second meeting in Riyadh under the co-chairmanship of Saudi Investment Minister Eng. Khaled bin Abdulaziz al-Falih and Iraqi Planning Minister Dr. Khaled Battal al-Najm.

• Saudi Arabia Enacts New Localization Rules for the ICT Sector

  The Decree requires companies of all kinds, not just companies whose core business is ICT-related, to employ Saudis in at least a quarter of their ICT jobs. Affected companies will have nine months to comply.

• A Conversation with Saudi Foreign Minister Prince Faisal bin Farhan (Video)

  Saudi Foreign Minister Prince Faisal Bin Farhan Al-Saud discusses Saudi Arabia, the region, relations with the United States and other topics.

• Saudi Arabia Launches HSI32 Speed Interceptor Boat System

  The Saudi Ministry of Defense and the General Authority for Military Industries (GAMI) announced on Wednesday the launch of the first locally-manufactured HSI32 speed interceptor boats as well as the commissioning of the first Floating Dock. The Saudi local manufacturing of interceptors came in line with the latest international specifications and standards, in partnership between the French CMN and the Saudi Zamil Offshore Services Company.

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