MUST-READS

• OPEC+ panel discuss weaker oil demand outlook, Libya supply rise, sources say

  An OPEC+ technical committee discussed on Thursday higher oil supply as production resumes in Libya amid a weaker demand outlook in the coming months driven by a second wave of the new coronavirus, two OPEC+ sources said.

• Saudi finance minister says Vision 2030 ‘tried and tested’

  Saudi Arabia’s finance minister said on Wednesday that the kingdom’s Vision 2030 to diversify the economy away from oil has been “tried and tested”, particularly during the coronavirus pandemic. “It proved to be the right plan. The economy was able actually to deal with it (the coronavirus crisis), the government was able to deal with it in a very adequate way,” Mohammed al-Jadaan said.

• SEVEN reveals locations of two theme parks in Saudi Arabia

  SEVEN‘s head of attractions Damien Latham has shared exclusive updates including the locations of the company’s two theme parks in Saudi Arabia during the first ever blooloop V-Expo. Latham spoke about creating enduring entertainment destinations in Saudi Arabia, which is working on a host of attractions as part of Vision 2030. This aims to diversify the economy in order to reduce the country’s reliance on oil.

• Saudi bank mergers welcome as long as good for economy – central bank governor

  Saudi Arabia’s central bank governor said on Wednesday that bank mergers are welcome as long as they are good for the economy, after its biggest bank entered a binding merger agreement to create the Gulf’s third largest lender. The Saudi Arabian Monetary Authority (SAMA) is currently considering issuing new bank licences, its governor, Ahmed al-Kholifey, said.

• Yemen’s warring parties start swap of 1,000 prisoners

  Planes carrying prisoners exchanged by the warring parties in Yemen took off from three airports on Thursday in an operation to return about 1,000 men home across the front lines, the International Committee of the Red Cross said.

• From oil to hydrogen: Saudi Arabia embraces the ‘H Factor’

  “This would bring significant benefits to the climate, but the potential extends much further. It is a fuel in its own right, demonstrated by the increasing number of cars, trucks and buses running on this clean fuel. In addition to industrial sectors, it can also replace natural gas in the heat and power markets,” Terium said.

• Perspective: Is the Arab World Realigning? (Audio)

  Abdulla is a longtime professor of Political Science at United Arab Emirates University, was a senior fellow at the London School of Economics, and served as chairman of the Arab Council for Social Science.

• Architects find in doors of Old Cairo buildings historic value

  The doors of buildings attest to the hidden beauty of Cairo throughout the ages, and the extent of human interest in architecture in Egypt.

• Saudi Ports Record Increase in Cargo, Containers Handling during September 2020

  Saudi ports, being supervised by the Saudi Ports Authority (MAWANI), achieved an increase in cargo handling during September 2020 by more than 25 million tons, marking a 3% increase through 666 vessels. They also achieved an increase in containers handling by 17.41% through 944 vessels.

• Saudi Arabia to build a robust education environment as part of its Saudi Vision 2030

  In a wide-ranging interview, Dr. Al-Mutair said that “the Kingdom aims to build a coherent education system by 2030 which requires creating a homogeneous and harmonious education environment between public and higher education on the one hand and private and governmental education on the other hand.” “The vision also aims that at least five Saudi universities will rank among the best 200 universities worldwide by 2030,” he added.

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