MUST-READS

• Saudi Arabia Is ‘Assessing All Options’ to Stimulate Economy

  Saudi Arabia is “assessing all the options” to boost its economy after taking painful measures to offset a sharp decline in oil revenue and deep economic contraction caused by restrictions to halt the spread of the coronavirus, the kingdom’s commerce minister said.

• Saudi Arabia $1.1 Billion Oilfield Chemicals Market, Competition, Forecast & Opportunities, 2025

  The Saudi Arabian Oilfield Chemicals Market is estimated to stand at around $ 710 million in 2020 and is forecast to grow at around 10% to reach $ 1.1 billion by 2025. Anticipated growth in the market is driven by the growing demand for oil & gas across the globe and increasing investments in offshore exploration and production activities in Saudi Arabia, which makes the country the largest market for oilfield chemicals in the Middle East region.

• Saudi Arabia to Resume Religious Tourism in Bid to Revive Economy

  Saudi Arabia plans to reopen the two holiest sites in Islam to pilgrims in October, seven months after it suspended visits to prevent the spread of the coronavirus, as it attempts to revive its floundering economy. The kingdom curtailed visits to the main mosques in Mecca and Medina in March after religious gatherings emerged as major spreaders of the virus in the Middle East and other parts of the world. It also locked down parts of its economy but eased most restrictions in June.

• YouGov reveals top brands in Saudi Arabia, UAE and Egypt

  YouGov BrandIndex, which measures the public’s perception of brands on a daily basis across a range of metrics, has released its 2020 Customer Loyalty rankings. The report finds that Emirates, Almarai and Carrefour are the brands with the most loyal customers in the UAE, Saudi Arabia and Egypt, respectively.

  • Esquire ME - Saudia, iPhone and Dettol are top brands in Saudi Arabia
• Celebrating our homeland on Saudi Arabia’s National Day

  On the 90th anniversary of the unification of the Kingdom of Saudi Arabia, which is dear to the hearts of all the men and women in Saudi society, as well as to other residents in the territories of this cherished homeland, we shall recall here some of the tremendous accomplishments our dear nation has witnessed in the political, economic, social, intellectual, urban, security, military, and health spheres.

  • Arab News - Colorful air show marks the start of National Day celebrations in Jeddah
  • Gulf News - Saudi Arabia’s 90th National Day: Arab stars join celebrations
  • Gulf News - Saudi Arabia: How kingdom celebrated first National Day 90 years ago
  • Saudi Gazette - 50 riders to take part in National Day show jumping competition
• U.S. and UAE eye December goal to agree on F-35 deal

  With that in mind Washington is studying ways to make the Lockheed Martin Corp F-35 more visible to Israeli radar systems, two sources said. Reuters could not determine if this would be done by changing the jet or providing Israel with better radar, among other possibilities.

• Opinion: Controversial Israeli soccer club may be litmus test for UAE soft power ploy

  It was not immediately clear whether the offer was to acquire or co-invest in Beitar Jerusalem, notorious for its links to the ruling Likud party and the Israeli far-right as well as racist anti-Arab, anti-Muslim sentiments among an influential segment of its fan base.

• Bin Zayed talks with Washington to transfer US base in Turkey to UAE

  The New Khaleej reported Tactical Report, a news website specialised in intelligence news, saying that Bin Zayed believes that Abu Dhabi is seeking to place its strategic interests above all other issues, including the personal relations between Bin Zayed and US President Donald Trump.

• Saudi Arabia Banking Pulse Suggests Subdued Profitability for Kingdom’s Banks

  Saudi Arabia’s top ten banks reported a marginal increase in deposits compared to the preceding quarter, which improved the banks’ funding position. In Q2, the loan to deposit ratio (LDR) increased slightly to 86.1%.

• MBC Group’s new CEO talks premium content, competing globally and going digital

  For Marc Antoine d’Halluin, the new chief executive officer of the Middle East Broadcasting Center (MBC GROUP), premium content is king — especially when it came to the group’s upgraded streaming platform Shahid VIP. “The volume of what we’re able to put on Shahid VIP is unique and I think the market discovered this at the same time that we were able to push some extremely strong content across our various channels,” the French native told Arab News in an exclusive interview.

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