MUST-READS

• Maersk halts Red Sea shipping until further notice after Houthi militant attack

  Maersk will pause all shipping through the Red Sea and Gulf of Aden until further notice after one of its vessels came under attack from militants over the weekend, the company announced Tuesday. The decision by the Danish shipping giant extends a 48-hour pause implemented on Sunday in the immediate aftermath of the attack.

  “We have made the decision to pause all transits through the Red Sea / Gulf of Aden until further notice,” the company said in an update to customers.

• US reaches deal to extend military presence at Qatar base – source

  The United States has reached a deal to extend its military presence at a base in Qatar for another 10 years, a source familiar with the matter told Reuters on Tuesday.

  The base in question is the Al Udeid Air Base, which is located in the desert southwest of Doha and hosts the largest U.S. military facility in the Middle East, the source said, asking to not be identified.

  The development was reported first by CNN. The U.S. Department of Defense did not immediately respond to a request for comment on Tuesday.

• Hamas leader’s killing raises fears of wider war, Israel keeps up bombardment of Gaza

  Israeli forces kept up their assault on the Gaza Strip on Wednesday and told civilians to leave a refugee camp in the north of the Palestinian enclave after the war reached into Lebanon with the killing in Beirut of the Hamas deputy leader.

  Israel has neither confirmed nor denied that it killed Saleh al-Arouri in a drone strike in the Lebanese capital on Tuesday. But military spokesperson Rear Admiral Daniel Hagari said Israeli forces were in a high state of readiness and prepared for any scenario.

• Helping Saudi homegrown brands list in London

  Dar Global aspires to become a top-50 developer globally, outside China, and therefore desired to go public on one of the biggest international stock markets. As Mr El Chaar explains, Dar Global wanted the high profile of a London listing and to be subject to English law, which encourages future investment and growth in one of the biggest international property markets.

• AlUla Falcon Cup Confirms Saudi Arabia’s Position as a Global Destination for Falcons and Falconers

  The ongoing AlUla Falcon Cup championship, taking place in Al-Mughira Village for Heritage Sports in AlUla governorate since December 28, 2023, and continuing until January 5, 2024, has emerged as the world's largest event of its kind. Featuring the participation of a diverse array of local, regional, and international professional falconers and owners, this championship is a testament to the Kingdom's dedication to falcons and falconry.

• Saudi national team announces final squad for Asian Cup 2023

  The final 26-player roster for the Green Falcons, who will compete in the Asian Cup 2023, includes Nawaf Al Aqidi, Raghid Najjar, Ahmad Al Kassar, Hassan Kadish, Aoun Al Salouli, Ali Al Bulaihi, Ali Lajami, Hassan Tambakti, Saud Abdulhamid, Fawaz Al Saqur, Ayman Yahya, Abdullah Al Khaibari, Mukhtar Ali, Abdulelah Al Maliki, Faisal Al Ghamdi, Eid Al Muwallad, Salem Al Dawsari, Abbas Al Hassan, Nasser Al Dawsari, Mohammed Kanno, Sami Al Najei, Fahad Al Muwallad, Abdulrahman Ghareeb, Firas Al Buraikan, Abdullah Radif, and Saleh Al Shehri.

• In 2023, Saudi Arabian Tourism by Numbers

  For the first time on September 27, 2023, World Tourism Day was celebrated in Riyadh with the presence of tourism ministers from various countries worldwide. Furthermore, the Kingdom was selected to host the 26th General Assembly of the World Tourism Organization in 2025 and was re-elected as the head of the organization’s executive council, showcasing its leadership in the international tourism sector. On the same day, the Riyadh College of Hospitality and Tourism was announced, set to be the world’s largest in providing training and supplying the workforce for the tourism sector.

• Saudi Aramco to Finalize Multibillion-Dollar Contracts for Largest Offshore Oilfield

  At the heart of this expansion initiative is the Safaniyah oilfield, recognized as the world's largest offshore oilfield. With multiple tenders both offshore and onshore currently in the bidding stage, Aramco is poised to conclude the awards within the coming weeks for two onshore EPC packages. These packages are estimated to collectively range between $4 billion and $5 billion, as revealed by sources with direct insights into the matter.

• India Is Chasing China’s Economy. But Something Is Holding It Back.

  India’s economy is booming. Stock prices are through the roof, among the best performing in the world. The government’s investment in airports, bridges and roads, and clean-energy infrastructure is visible almost everywhere. India’s total output, or gross domestic product, is expected to increase 6 percent this year — faster than the United States or China.

• Norway’s KLP divests from Saudi Aramco, 11 other Middle East companies

  Kommunal Landspensjonskasse, Oslo, divested from 11 firms in the Middle East due to human rights concerns, and from Saudi Aramco for energy transition worries and the firm's "close ties to a dominant state owner." KLP's divestments equated to about 250 million Norwegian kronor ($23 million) if the pension fund's index strategies were to track the MSCI Emerging Markets Index precisely, a spokesperson said.

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