MUST-READS

• NATO says Turkey, Greece agree to talks; Athens denies deal

  Relations between the historic regional rivals have hit their worst point in 46 years — when their militaries briefly fought in Cyprus — after Ankara sent a research vessel, escorted by warships, in July into waters claimed by Greece and Cyprus. Turkey says it has every right to prospect there.

• Sustainability consultancy EMG launches office in Saudi Arabia

  EMG was established in 2004 in the Netherlands, and has since grown into a global sustainability consultancy supporting clients from hubs in Amsterdam, London, Hong Kong, Dubai, Kuala Lampur, Beijing, and now Riyadh. The firm also provides services from its businesses in Cambridge, England, where a dedicated research centre develops solutions for governments, corporates and the NGO sector across the globe.

• Analysis: Saudi Arabia Very Serious About Eliminating The Storage Build In The U.S.

  Just as US oil production has fallen by a stunning ~2.2 mb/d (our estimate) over the last five months, lower Saudi exports to the US will have a larger impact on US crude storage versus 2019. We also estimate that with US oil production set to decline into year-end, and this tailwind of lower production combined with lower imports will help eliminate the excess crude inventory.

  • Seeking Alpha - Saudi Crude Shipments Plunge: Understanding Why
• 500 million birds migrate through Saudi Arabia every year

  More than 500 million birds representing 500 species migrate across Saudi Arabia every year through the Red Sea, according to an expert in the Kingdom.

• Saudi Arabia not to renew contracts of expat health workers after 10 years

  In July, the kingdom embarked on implementing the first phase of a plan to replace expatriate pharmacists in the country where 20% of pharmacy jobs will be gradually replaced with Saudi pharmacists ‘Saudised’ according to an official decision by the Saudi Ministry of Human Resources and Social Development.

• OECD, Saudi suggest blockchain business passport to ease SME financial compliance

  On Wednesday, a proposal was made for a Global Value Chain (GVC) Passport, a tool to verify a firm is financially compliant without having to repeat the process in numerous countries. The idea is to make cross border trade easier for all companies but especially SMEs.

  • Yahoo - Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
• Nuclear energy: Why US wants Saudi Arabia to follow the UAE’s path

  With its Barakah nuclear power plant coming online last month, the UAE has become the first Arab country to successfully pursue civilian nuclear power – and the first in a line of fossil fuel-rich Arab states scrambling to go nuclear. The UAE and its neighbors say civilian nuclear energy is critical to lowering their dependency on gas and oil, and the UAE’s 2009 nuclear cooperation agreement with the United States has been hailed in Washington as a “gold standard” for pursuing civilian nuclear power.

• Review: MbS, Saudi Arabia’s sharpest prince

  In “Blood and Oil”, Bradley Hope and Justin Scheck have gone to painstaking lengths to lift the veil on the character of a young man shaking up the country, and beyond. The result is a gripping page-turner.

• Saudi Modon, Wahaj sign Riyadh industrial land deal

  The plot located in the Second Industrial City in the Saudi capital is spread over an area of 42,000 sq m. It will be used for building distinct local manufacturing capabilities in the defence and aviation sectors as well as oil and gas.

• Saudi’s King Abdulaziz remains top university in Mena

  The THE World University Rankings 2021 sees 141 universities qualify for the first time. Furthermore, an additional 18 institutions from across Mena qualify since last year, with Algeria, Egypt, Iran, Iraq, Lebanon, Saudi Arabia and the United Arab Emirates all seeing new entrants in the 2021 ranking.

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