MUST-READS

• Saudi Arabian supermarket operator BinDawood may price IPO at top of range

  BinDawood, which owns the Danube and BinDawood supermarket brands, manages over 70 hypermarkets and supermarkets in major Saudi cities including Makkah, Medina, Jeddah, Riyadh, Khobar and Dammam, according to its website.

• Saudi Stock Index Set to Be First in Gulf to Erase 2020 Drop

  The Tadawul All Share Index advanced as much as 0.3% on Monday, climbing above its closing level on Dec. 31. Saudi Basic Industries Corp., Saudi Telecom Co. and Banque Saudi Fransi provided the biggest boost to the market by index points.

• Coronavirus: Saudi Arabia reports lowest daily COVID-19 cases in five months

  Saudi Arabia reported 483 confirmed coronavirus cases, 27 deaths, and 1,009 recoveries in 24 hours, the Ministry of Health reported on Saturday. The latest number was the lowest daily coronavirus tally in five months, according to health ministry spokesman Mohammed al-Abd al-Ali.

• Saudi Firms Start Talks to Form $11 Billion Chemicals Maker

  Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The shares climbed.

• 5 Civilians Hurt in Houthi Attack on Saudi Arabia

  Five civilians were injured when a military projectile launched by Yemen's Iran-aligned Houthis hit a village in Saudi Arabia's southern Jizan region, state media reported on Saturday. State news agency SPA quoted a civil defense spokesman as saying three cars were damaged in the border village and that the five civilians suffered minor injuries from shrapnel.

• Saudi Arabia Sovereign-Wealth Fund to Open Offices in New York and London

  Saudi Arabia’s sovereign-wealth fund, formerly a sleepy domestic-focused vehicle, is becoming a major player in the tech startup world and a significant investor in U.S. equities. Now the fund is expanding its physical presence, too, planning office openings in New York and London. The fund, known as the Public Investment Fund, or PIF, expects to open offices in New York and London in the coming months, according to the fund’s governor, Yasir Al-Rumayyan, who spoke with Barron’s this week. They will be the fund’s first offices...

• Is Israel-Gulf business ready to take off?

  But for smaller business owners and entrepreneurs, where will the opportunity be? In fact, in many of the sectors in which Israel historically has expertise, the Gulf states have already made significant inroads, so much that the Gulf may be a source of innovation and new business for Israel.

• Perspective: The Abraham Accords – The View from the Gulf

  The Saudis have responsibilities that far outweigh Bahrain and the UAE; they are the world’s preeminent Arab power, a G20 economy, and have played an extremely important role in the history of the Arab-Israeli conflict

• Iran’s Trade With Arab States Drops Sharply

  Farzad Piltan, the Director-General of the Islamic Republic's Trade Promotion Organization (TPO) 's Office of Arabian and African Countries, says that $2.5 billion of non-oil goods were exported to Arab states in the Persian Gulf region in the first five months of the current Iranian calendar year beginning March 20, 2020. Iran's total non-oil exports to Arab countries decreased by $3.5 billion compared to last year. In the first five months of 2019, the figure was $6 billion.

• No peace deal in Yemen in sight despite prisoner swap talks

  For the first time since February, the Yemeni government and Houthi representatives will be meeting in Geneva on Friday or Saturday to discuss final touches to the prisoner swap deal.

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