MUST-READS

• Perspective: Diverging Interests Changing Saudi-Pakistani Relationship

  The recent diplomatic rift is not likely to disrupt or even worsen bilateral ties because of the grave implications for both sides – and for the region beset by rivalries, sectarian conflict, and geopolitical tug of war. Nonetheless, recent strained relations portend that a range of regional issues could challenge both countries as they work to maintain a cooperative and close relationship.

• 2020 Investment Climate Statements: Saudi Arabia

  As in 2018, the SAG took several steps in 2019 to further improve the Kingdom’s investment climate. Regulatory changes were made to allow foreign investors to own controlling stakes in Saudi companies, a new consolidated authority to protect intellectual property rights was launched, significant investments in infrastructure were made, reforms were introduced to remove guardianship laws and travel restrictions for adult women, and a tourism visa was introduced, opening the Kingdom to non-religious tourism for the first time.

• Newcastle take issue with Premier League over ‘rejected’ Saudi bid

  Newcastle United took issue with the Premier League on Wednesday by accusing the body of acting inappropriately in rejecting a Saudi Arabian-backed takeover bid based on an owners and directors’ test.

• Saudi Telecom negotiates reducing possible Vodafone stake to below 55%

  The Saudi Telecom Company had originally offered to buy 55 percent of Vodafone’s unit in Egypt for US $ 2.39 billion, while Telecom Egypt maintains the remaining stake.

• Mortgage Cravings Keep Saudi Credit Humming as in Oil Boom Times

  Although demand for credit has been on the rise from 2018, lending growth spiked into double digits at the start of the pandemic, when businesses borrowed to weather the crisis. But even as momentum has flagged since April, the increase in mortgages was more than sufficient to make up the difference, helped by government efforts to expand home lending from a low base.

• Progress in resolving Gulf Arab rift could come within weeks, U.S. official says

  David Schenker, the department’s top diplomat for the Middle East, was quick to urge caution however, because there hasn’t been any fundamental shift in talks that would quickly lead to a resolution.

• Kushner says Saudi Arabia, Bahrain to allow all Israeli flights to use airspace

  “They agreed to open their airspace not just to flights from Israel to the United Arab Emirates and back, but to all eastward travel,” Kushner said. “So when people make requests, they’ll grant those requests. That will save people a lot of time. That knocks down a barrier that’s been up for 72 years.”

• Saudi Culture Ministry to launch first oil museum

  The Black Gold Museum, at KAPSARC’s headquarters in Riyadh, will see the participation of artists from different countries. Through its diverse content, the museum will provide a creative account of the journey of oil in human life, from raw material to its contemporary compositions, through innovative artwork based on contemporary expressive concepts.

• Palestinians win Saudi support but no Arab condemnation of UAE-Israel deal

  “We have asked to have a clear condemnation of any breaking out of the Arab peace initiative and we didn’t get it,” said Palestinian Foreign Minister Riyad al-Maliki in comments published by the Palestinian WAFA news agency.

• Saudi Arabia remains committed to Palestinian state with 1967 borders: FM

  Foreign Minister Prince Faisal bin Farhan said the Palestinian state should have East Jerusalem as its capital and that the Kingdom “supports all efforts aimed at reaching a just and comprehensive solution” to the conflict. The minister made the comments at an Arab League meeting and said that the Kingdom stands with the Palestinian people.

  • Reuters - Palestinians win Saudi support but no Arab condemnation of UAE-Israel deal
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