MUST-READS

• After March vote, Turks to feel brunt of Erdogan’s inflation fight

  Turkey is expected to take more policy steps to cool stubbornly high inflation after this month's local elections, setting the stage for more pain for Turks already struggling after years of soaring prices, according to data and some economists. Households and investors appear sceptical over whether the central bank's dramatic U-turn towards massive interest rate hikes - to 45% now from 8.5% last June - is sufficient on its own to rein in inflation that topped 67% last month.

• Cyberterrorism, Iran’s Nuclear Gains Concern Americans Most

  More than three-quarters of Americans view cyberterrorism (79%) and the development of nuclear weapons by Iran (77%) as critical threats to U.S. vital interests, making these the top concerns of 13 global issues rated in Gallup’s annual World Affairs survey. Close behind, North Korea’s nuclear program is seen as a critical threat by 73% and international terrorism by 71%. At the other end of the spectrum, 40% of Americans consider the conflict between North and South Korea a critical threat. Global warming is the only other risk measured that less than half of Americans (49%) consider critical.

• US to establish temporary port in Gaza to provide humanitarian aid

  The U.S. will launch an emergency military mission to establish a port to deliver much-needed humanitarian aid into Gaza, a senior White House official told reporters on Thursday. The effort is to be formally announced by President Joe Biden during his State of the Union address on Thursday night, the official said. The port will be set up to receive “large ships carrying food, water, medicine, and temporary shelters. And this is an initiative that will get underway here when the President makes the announcement and issues the orders,” the official said.

  • Diplomatic - Biden orders U.S. military to set up maritime port for Gaza aid
• Saudi cement sales drop 3.6% to 4.2M tons in February

  The aggregate sales of 17 Saudi cement producers decreased by 3.6% to 4.2 million tons in February from 4.4 million tons a year earlier, according to recent data issued by Yamama Cement Co.

• Saudi carriers boost O-RAN adoption with new agreements

  Saudi Arabian operators stc and Mobily have announced different deals for the implementation of Open RAN (O-RAN) technology in the country. In the first agreement, solutions by stc, announced an O-RAN deal with U.S. firm Mavenir to launch what it claims to be the first commercial O-RAN network in Saudi Arabia. The service is expected to be commercially available in 2024. This deal follows a successful initial deployment for multi-layer 4G and 5G NSA Access Network on the O-RAN platform to Saudi carrier stc, delivered in partnership with solutions by stc and Mavenir.

• Debate: Will Emirati, Saudi accession to BRICS shift their alliances?

  The BRICS group of countries could soon include both Saudi Arabia and the United Arab Emirates (UAE). This trajectory partly stems from Gulf Arab aspirations to balance alliances with the west. It also appears driven by a desire for greater influence on the global stage, and bolstered commercial ties with BRICS members—primarily China.

• Saudi Arabia unveils ‘Data Saudi’ platform to increase transparency

  Initially launched on a trial basis in September 2023, the Data Saudi platform, under the stewardship of the Ministry of Economy and Planning, has seen continuous enhancements and the addition of numerous features since its introduction. Designed as the central repository for economic and social data within the Kingdom, the platform seeks to improve data accessibility and bolster transparency regarding national economic information, aligning with the goals of Saudi Vision 2030. It offers an array of key indicators and the capacity to analyze them throughout the Kingdom's regions via visual and interactive tools, making it easier for users to obtain detailed insights into the Saudi economy and social sectors.

• Saudi Arabia leads global innovation with tech investments: Honeywell CEO

  Saudi Arabia’s proactive leadership and investments in advanced tech solutions have positioned it as a global innovation leader, according to a top official. During the LEAP 2024, Anant Maheshwari, president and CEO of Honeywell’s Global High Growth Regions portfolio, told Arab News that Saudi Arabia was a “crucial market” for the company, being one of only “three countries globally that is led as an independent market.”

• ENOWA showcases its green hydrogen offering at Saudi season opener

  ENOWA, Extreme E’s official Green Hydrogen Partner, continued to showcase its green hydrogen offering at the Desert X Prix hosted in Jeddah, Saudi Arabia (17-18 February) which was the launch of the 2024 season. Since partnering with Extreme E in 2022, ENOWA has been pivotal in steering a multi-year collaboration, advocating for sustainable solutions in the world of motorsport. This collaboration has prominently highlighted green hydrogen as a transformative energy source, amplifying its potential on a global scale.

• Saudi Arabia waives customs duties on certain goods to boost industrial sector

  Customs duties on certain manufacturing products will be waived from April 1 as the Saudi government seeks to stimulate the industrial sector. The decision, made by the Ministry of Industry and Mineral Resources, will help businesses with valid import licenses reduce their financial burden and costs associated with importing specific products and improve their competitiveness and profitability. It will also allow them to invest more in their operations, expand their production capacities, and ultimately contribute to the growth and development of the industrial sector in Saudi Arabia, according to the Saudi Press Agency.

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