MUST-READS

• Multilingual Saudi women welcoming Hajj pilgrims at Medina airport sparks social media buzz
  Saudi Arabia is set to welcome Hajj pilgrims with a multilingual team of women at Prince Mohammed bin Abdul Aziz International Airport in Medina.
  A video clip showing young Saudi women practising welcome phrases in various languages, including English, French, Turkish, and Indonesian, among others, has gone viral

• HRH Minister of Energy meets with US Secretary of Energy and they sign a roadmap for cooperation in the field of energy

  Within the context of the Partnership for Advancing Clean Energy Agreement, signed by the Kingdom of Saudi Arabia and the United States of America, in Jeddah on July 15, 2022, the Ministers discussed ways to enhance cooperation between the two countries in various energy fields, including carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, energy sector supply chain resilience, and energy efficiency.

• Saudi holdings of US Treasuries rose to $135.9B in March 2024

  Saudi Arabia’s holdings of US Treasuries reached $135.9 billion in March 2024, up $4.8 billion month-on-month (MoM), new data released by the US Treasury showed. The Kingdom maintained 17th place among the largest holders of US treasury securities for the month.   Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79% of the total, and short-term bonds worth $28.6 billion, accounting for 21%.

• Baker Hughes To Expand Saudi Arabia Facility

  Baker Hughes is expanding its Industrial & Energy Technology (IET) Damman Center in Dammam, Saudi Arabia. Once completed, the expansion is expected to create 60 new jobs and will add capacity for the manufacturing and repair of compression trains and seal-gas and control panels. In addition, the expanded site will add capabilities for the manufacturing and testing of vibration monitoring systems and gears repairs.

• L&T arm opens new manufacturing facility in Saudi Arabia

  Larsen & Toubro on Thursday said its wholly-owned arm L&T Valves Ltd has set up a new manufacturing unit in Saudi Arabia. The facility is strategically located at Al Jubail, off the Dammam-Abu Hadriyah Highway.

  L&T Valves is one of the largest suppliers of on-off valves to Saudi Arabia, the company said in a statement.

• Saudi Arabia offers to buy part of Sharm El Sheikh from Egypt

  Ras Ghamila, which lies at the northern end of Sharm El Sheikh, is one of the resort town’s more upmarket locations, around 15km north of the central district surrounding Na’ama Bay. The local reefs are considered some of the most beautiful of Sharm’s fringing coral reef, and recently made headlines as the site of a Libyan-flagged LPG tanker stranding.

• Saudi Arabia’s holdings in US treasuries rise to $135.9bn

  Saudi Arabia’s holdings in US treasuries increased for the eighth consecutive month in March, reaching $135.9 billion, a rise of 3.66 percent compared to the previous month. According to official data released by Washington, the Kingdom was ranked 17th among the largest investors in such financial instruments in March.

  The report noted that Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3 billion, representing 79 percent of the total. On the other hand, the Kingdom’s short-term bonds were worth $28.6 billion in March, accounting for 21 percent of the total value.

• Princess Nourah University Organizes Scientific Conference on Conveying Saudi Identity across Languages, Cultures

  The conference aimed to contribute to achieving the first goal of the Saudi Vision 2030 related to enhancing Islamic values and national identity by conveying Saudi identity across languages and cultures and conveying the Kingdom's cultural, literary, historical, and civilizational heritage to the world. It also sought to raise awareness of the importance of languages, translation, and cultural studies in promoting and conveying the national identity to others, ultimately creating a competitive atmosphere among university students in the Kingdom to introduce their national identity through different languages and cultures.

• Shamoon virus returns in Saudi computer attacks after four-year hiatus
  Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to several U.S. cyber security firms.
  CrowdStrike, FireEye Inc, Intel Corp's McAfee security unit, Palo Alto Networks Inc and Symantec Corp warned of the attacks, though they did not name any victims. They did not say how much damage had been caused or identify the hackers using Shamoon, which cripples computers by wiping drives used to start machines.

• Saudi women are learning financial literacy and it’s helping the country grow

  While economic growth might be the overarching national motivation, international organizations are building programs that seek to empower individuals as well. The International Monetary Fund and World Bank have worked with individual countries to enhance financial literacy at the population level through targeted national programs, and the Organisation for Economic Co-operation and Development (OECD) has developed guidelines to support participating countries in improving financial literacy.

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