MUST-READS

• Oil Giant Aramco Regains Top Spot From Apple as Tech Rally Fades

  Saudi Aramco is once again the world’s most valuable company after its market capitalization rose a shade above Apple Inc. amid a slump in U.S. technology shares. The state oil giant’s stock has gained 1.1% in Riyadh this month, despite Brent crude dropping 12% to below $40 a barrel as concerns about an acceleration in coronavirus infections mount.

• Saudi women entrepreneurs fight cultural conditioning

  While “the number of Saudi women entrepreneurs grew significantly from 2007 to 2017,” entrepreneurship remains the exception as the vast majority of Saudi citizens prefer public sector employment attracted by high wages, social benefits and job security — government departments pay 59% more than the private sector.

• Saudi coalition attack Houthi military sites in Yemen’s Sanaa: Al-Arabiya

  Saudi Arabian-led coalition fighter jets early on Sunday attacked barracks and military sites of the armed Houthi movement in Yemen’s capital Sanaa, Saudi-owned Al-Arabiya reported. The coalition also destroyed four Houthi drones at Al-Delmi air base north of Sanaa, Al-Arabiya said, citing local sources. There was no immediate official confirmation from the coalition, which launched air strikes on two sites in Sanaa a day earlier.

• Saudi Arabia’s BinDawood Holding sets IPO price range

  The company plans to offer 22.86 million existing shares at an indicative pricing of between $22.44 and $25.64 (84 riyals to 96 riyals) per share in the planned IPO, according to a regulatory filing on Sunday. It will sell 20 percent of the company through the sale of existing shares.

• War Crimes Risk Grows for U.S. Over Saudi Strikes in Yemen

  Those concerns — stemming from U.S. support for Saudi Arabia and the Emirates as they waged a disastrous war in Yemen, using American equipment in attacks that have killed thousands of civilians — will be the subject of congressional hearings on Wednesday. House lawmakers are expected to question top State Department officials over their role in keeping weapons flowing into the conflict and burying recent internal findings on civilian casualties and the legal peril for Americans.

• Marafiq consortium inks $280m Saudi sewage plant finance deal

  Marafiq, a leading power and water utility company for Jubail and Yanbu, said its consortium comprising key partners -Veolia and Amwal AlKhaleejiah - has signed an agreement with Saudi Water Partnership Company (SWPC) for the financial closing of $280-million ISTP (independent sewage treatment plant) project in Jeddah.

• Saudi Arabia starts final phase of its mills privatisation

  Saudi Arabia’s state grain buyer SAGO said on Sunday the second and final stage of the bidding process for its mills had started. The kingdom is selling its entire flour milling business, in a long-awaited privatisation that marks one of the first sales of the country’s state-owned assets. The sales are part of broader plans to overhaul the economy.

• Meals on wheels further Saudi obesity, health issues, but other culprits weigh in

  Over the past 3 decades, the prevalence of overweight and obesity has increased dramatically worldwide. More than 1.9 billion adults are overweight, and over 650 million were obese in 2016. Saudi is now among the nations with the highest obesity and overweight prevalence rates due to a number of factors.

• Pictures: Rice farming in Saudi Arabia

  The hassawi rice is an agricultural crop that’s grown in hot areas as it needs temperatures as high as 48 degrees Celsius otherwise it will not complete its growth phases.

• US Judge Calls on Riyadh For 24 Saudi Officials To Give Testimony on 9/11 Attacks

  Judge Netburn’s decision followed another judge's March 2018 rejection of Saudi Arabia's bid to dismiss the litigation, in which families of those killed and injured, as well as businesses and insurers, are seeking billions of dollars in damages. She said Saudi Arabia "persuasively" argued that documents did not suggest Prince Bandar oversaw the work of two officials the plaintiffs linked to the attacks.

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