MUST-READS

• Saudi Film Festival Has Officially Kicked Off

  he Saudi Film Festival dates back to 2008 and has been a platform for local filmmakers to showcase their work, in order to help them reach both a regional and global audience.

  • Saudi Film Festival - Festival Program
• Saudi bourse’s IPO pipeline ‘very healthy’ despite pandemic, says CEO

  He also revealed that the average volume of trade increased by about three-fold amid the pandemic, with active participation of retail investors. He added that the IPO of the stock exchange will be assessed in the first quarter of 2021, and could be accelerated since the launch of the derivatives market has been implemented.

• Saudi crown prince meets with U.S. presidential advisor Kushner: state news agency

  The two parties discussed prospects of peace in the region and the importance of resuming negotiations between both the Palestinian and Israeli sides, SPA added.

  • Reuters - Bahrain king tells Kushner Gulf stability relies on Saudi
  • Reuters - After UAE-Israel breakthrough, Kushner pushes other Arabs to go next
• Saudi Arabia sentences seven Islamist militants to death over killings of Shi’ites

  A Saudi court has sentenced seven Islamic State militants to death over a 2014 shooting attack that killed eight Shi’ite Muslims near the eastern city of al-Ahsa, state television reported on Wednesday. In November 2014, three suspected members of the Sunni Muslim jihadist group opened fire on Shi’ites who were celebrating Ashura, a holy festival in their calendar, in the village of Dalwa, killing eight people there.

• Saudi oil shipments to America plunge to 35-year low

  Saudi Arabia drew the wrath of Republicans in Washington this spring by sending an armada of tankers to America to drown US oil makers with cheap crude. Now, the kingdom has reversed course, steering the fewest barrels here since the Reagan era. The United States imported just 264,000 barrels per day of Saudi crude during August, according to estimates from ClipperData, a commodity research firm. That's down nearly 50% from 2019's average.

  • Bloomberg - Saudi Cutting Oil Deliveries to U.S. as It Tightens Supply
• Saudi Arabia Opens Airspace to Israeli Flights for First Time

  Saudi Arabia announced Wednesday that it would allow any flights going to and from the United Arab Emirates to fly over its territory, a move that would give Israel access to some of the kingdom’s airspace for the first time. The announcement, made at the request of the United Arab Emirates, came days after the first direct flight from Israel to the emirates — a symbolic move as the two nations begin normalizing relations.

  • Bloomberg - Saudi Arabia Breaks 72-Year Taboo With Green Light to Israeli Flights
• Spurned by allies, Saudi rethinks chequebook diplomacy

  From Pakistan to Lebanon, Saudi Arabia is scaling back its famed chequebook diplomacy, a longstanding policy of splashing petro-dollars in exchange for influence, which observers say has yielded few tangible gains. For decades, the wealthy kingdom funnelled billions in aid to its allies -- and to its enemies' enemies -- in a bid to bolster its position as an Arab powerhouse and leader of the Muslim world.

• SellAnyCar.com Expands into Saudi Arabia

  The company’s entry into the Saudi market is supported by the recent $35 million investment from Sanabil Investments, a unit of the Saudi Arabia Public Investment Fund, which has recently invested in a number of high-growth technology and e-commerce platforms as part of advancing the national economic diversification strategy.

• A New Look towards Tourism, Culture, and Entertainment in Saudi Arabia

  With the opening of tourist attractions and entertainment options comes immense opportunities for investment. One of Vision 2030’s goals for tourism is for 100 million annual domestic and international visitors by the year 2030 (from 41 million visitors in 2018), to make the Kingdom one of the top five inbound travel destinations.

• Lebanon PM-designate urges immediate reforms

  Lebanon's prime minister-designate Mustapha Adib called on Monday for the formation of a new government in record time. He also urged immediate reforms as a step towards securing an agreement with the International Monetary Fund.

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