MUST-READS

• ‘Absolutely the right time’ to invest in tourism: Saudi minister

  “It is absolutely the right time … because as we all know, the costs, in a crisis, become much, much more attractive and therefore, this is the time to build,” Ahmed al-Khateeb told Hadley Gamble in an exclusive interview on Wednesday.

• Kuwait’s new crown prince pledges commitment to democracy and peace

  Kuwait’s new Crown Prince Sheikh Meshal al-Ahmad al-Sabah took the oath of office in parliament on Thursday, pledging the Gulf Arab state’s commitment to democracy and peace and calling on Kuwaitis to shun divisions.

• Saudi Arabia Spending on Cybersecurity Soars 6.2 Percent in 2020

  Vice President Sales at CyberKnight Ehab Derbas said the Middle East cybersecurity market by the end of this year will grow to about $16 billion, expecting it to grow to more than $28 billion in 2025. “The Kingdom is one of the region’s largest markets as a result of its digital transformation strategies,” he said, adding that the annual growth of the sector is at least 12 percent.

• SAIC Wins $49.5 Million U.S. Navy contract for Royal Saudi Naval Forces (RSNF) C4ISR Upgrades and Refurbishment

  The U.S. Navy awarded Science Applications International Corp. (NYSE: SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment. Work will take place in the Kingdom of Saudi Arabia.

• Qatar makes formal request for F-35 jets – sources

  Qatar has submitted a formal request to the United States to buy stealthy F-35 fighter jets, three people familiar with the deal said, in a deal that if pursued could strain U.S. ties with Saudi Arabia and Israel.

• Ready, steady grow: Saudi tree-planting initiative seeks greener future for all

  Customers can choose from neem trees, ficus religiosa, bougainvilleas, bonsiana, giant lemon trees and more. The trees are delivered to people’s homes and planted. Customers will soon get the option to have the trees cared for to ensure greater longevity.

• How Can Saudi Arabia Reform its Public Hospital Payment Models? A Narrative Review

  Government healthcare expenditures in Saudi Arabia continue to rise at a stunning rate. The allocated budget for health and social development has increased from SAR 27 billion ($7.2 billion), 9.2% of the total Saudi government budget, to SAR 159 billion ($42.4 billion), 15.4% of the total Saudi government budget (Ministry of finance, 2020).

• BIS Innovation Hub and Saudi G20 Presidency announce TechSprint winners

  The Bank for International Settlements (BIS) and the Saudi G20 Presidency today announced the winners of the G20 TechSprint challenge at the conclusion of the Enabling Regulatory and Supervisory Solutions for the Digital Era symposium, hosted by Dr Ahmed Alkholifey, Governor of the Saudi Arabian Monetary Authority (SAMA), and Benoît Cœuré, Head of the BIS Innovation Hub.

• Top 30 Most Valuable Emirati and Saudi brands

  The inaugural BrandZ Top 30 Most Valuable Emirati and Saudi brands have a combined value of $50 billion, with banks and telecom providers contributing 70% of total brand value.

  • Kantar - Telco giants STC and Etisalat ranked no. 1 and no. 2 in the inaugural Top 30 Most Valuable Emirati and Saudi Brands
• US completes drawdown to fewer than 3,000 troops in Iraq

  The U.S. military has completed its drawdown from about 5,200 to fewer than 3,000 troops in Iraq, said Army Col. Wayne Marotto, a spokesman for the U.S.-led coalition fighting ISIS in Iraq and Syria. Marine Gen. Kenneth McKenzie Jr., head of U.S. Central Command, first announced on Sept. 9 that the reduction of U.S. forces in Iraq was expected to be completed by the end of the month.

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