MUST-READS

• Islamic Economy
  Islamic economy presents significant opportunity for MENA entrepreneurs

  Saeed Farook had listed the seven pillars of the Islamic economy, namely: funding in accordance with Islamic principles, halal products, tourism, digital economy, Islamic designs and art, Islamic standards, and Islamic knowledge, stressing the fact that Islamic economy "represents the opportunity of a lifetime."

• Saudi Aramco
  Saudi Aramco Shares Strategies for Navigating Economic Downturn at MEOS 2015

  “The challenge of keeping up during a downturn is more complicated today than ever before,” he said. “But we have seen how that approach to a spending crunch plays out. Indeed, we are still living with the consequences. The reduced investment in technology and talent that characterized the 1980s and early ‘90s should remind us that repercussions can be lasting.”

• Border Security
  Saudi forces wrap up weeks-long exercise on Iraq border

  Saudi security forces on Wednesday ended a weeks-long exercise on the Iraqi border where three troopers died in a January attack blamed on "terrorists." Border Guards and other interior ministry units have been conducting daily training as part of the "first joint tactical" exercise north of Arar city, the Saudi Press Agency reported.

• Retail
  Saudi retail market reaches $99 billion

  The volume of retail market in the Kingdom is exceeding SR370 billion, 44 percent of which is represented by the food sector, or SR160 billion, local media said quoting an expert.

• Saudi Labor Ministry
  Saudi ministry unveils mechanism for transfer of sponsorship

  The Saudi Labor Ministry unveiled on Tuesday the mechanism for the transfer of sponsorship of expatriate workers hired for projects, which are stalled, to new contractors, the Saudi Press Agency reported.

• Free Speech
  Kuwait detains political activist over tweets against Saudi Arabia

  Kuwait arrested an opposition activist on suspicion of insulting Saudi Arabia on his Twitter account, the state news agency KUNA reported, extending a crackdown on social media.

• Art and Culture
  Saudi street art celebrations take over Jeddah

  "Almost half are actually women. They're girls who sort of like dress up as boys and go out at night, spray their work with maybe one or two friends to keep a watch."

• Savola dampens Saudi stock market

  Saudi Arabia’s bourse was mostly stable and Egypt rose in early trade on Thursday as a dovish US Federal Reserve statement boosted global equities and oil traded off its Wednesday lows.

• Iran Negotiations
  Iran, West likely to reach nuclear deal: Saudi prince says

  Iran and the United States are likely to reach an agreement in talks over Iran's nuclear program, a senior Saudi Arabian prince said on Wednesday.

• Saudi-Sweden
  United Arab Emirates recalls ambassador to Sweden after Saudi spat

  The United Arab Emirates has recalled its envoy to Sweden a week after Saudi Arabia did the same. The move came after the Swedish foreign minister denounced Saudi Arabia's flogging of a rights activist.

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