MUST-READS

• What’s a Golden Visa and Where Can You Still Get One?

  Often known as a “residence by investment program,” a golden visa allows individuals to obtain temporary or permanent residency in a given country, so they can live and work there. The investments may include buying a house, creating a company or making a donation.

• Commentary: What’s So Bad About Fixing Oil Prices?

  Oil’s history is full of attempts at stabilizing prices. Petroleum is an essential commodity that has high capital needs and long lead times: That lends itself to boom-and-bust cycles that are painful for consumers, governments and companies. There is no immediate cure for price spikes or plunges because it is impossible to turn on significant new oil supply or to turn off demand for it on short notice. Storage helps, but oil must be kept underground or in specialized tanks.

• Why political cost, US politics drive Qatar to rethink Gaza mediation

  Qatar has since the eruption of the Gaza war last October played an essential role as a mediator between Hamas and Israel. But if Doha cannot convince Hamas to release Israeli hostages seized on Oct. 7, 2023 in the coming weeks, it might have to reconsider its hosting of the Palestinian group’s political office.

• Saudi Arabia’s new $22bn 109-mile Riyadh Metro to connect desert with cities

  The project comprises a metro network, a bus network, and other transport services. The metro will have six lines, 85 stations, and will cover 109 miles. The city’s ambitious goals include transforming Riyadh into an international business hub and improving its image in front of the world.  

• Gazans Flee Danger of Rafah for Uncertainty of Crowded Camps

  Seven months into the war between Israel and Hamas, chaos is rising, and so are prices. A tent, the most basic shelter, can cost $1,000. A ride from the southern city of Rafah, now in Israel’s crosshairs, to the declared safety zone of al-Mawasi can be $270. It used to cost about $13. And those who are fleeing jam-packed Rafah find the al-Mawasi safe zone itself overcrowded and squalid — and perhaps not even safe from fighting.

• U.S. weapons may have been used in ways “inconsistent” with international law in Gaza, U.S. assessment says

  The report states that though there are allegations that Israel violated international humanitarian law during the period covered by the report, Jan. 1, 2023 through late April of this year, the U.S. doesn't have "complete information" on whether U.S. weapons were used in those actions. Its authors cite the difficulty of determining facts on the ground in an active war zone as well as Hamas's use of civilian infrastructure for military purposes.

• Saudi Arabia’s billion-dollar football league a work in progress

  None of the Saudi teams reached the Asian Champions League final, hosts Al Ittihad exited in the second round of the Club World Cup in Jeddah, and Roberto Mancini's Saudi national side lost in the Asian Cup's last 16. Al Hilal were so dominant that they won 34 consecutive games in all competitions -- a record for a top-flight team -- and remain unbeaten in the Pro League.  

• Tawaref Series: Understanding annual operating cost in Saudi Arabia

  As you can see, there is a major cost difference between operating an early-stage startup and small traditional business. The startup is less expensive to operate across every category, with the most notable difference being observed in commercial registration and third party costs. From our analysis, we have identified the following ways you can cut OpEX costs.

• CENTCOM Commander Visits the Kingdom of Saudi Arabia

  From May 9-10 Gen. Michael Erik Kurilla, commander of U.S. Central Command, traveled to the Kingdom of Saudi Arabia to meet with leaders of the Saudi Royal Armed Forces and senior U.S. diplomats. The visit is part of an ongoing multi-country trip to the CENTCOM area of responsibility. While in Saudi Arabia, Gen. Kurilla engaged with Chief of General Staff, Gen. Fayyadh al-Ruwaili and other Saudi senior military leaders. The leaders discussed shared regional security concerns, the status of humanitarian assistance into the Gaza Strip, and further opportunities to partner on innovation of defensive technologies.

• China’s former ambassador to Iran takes on same role in Saudi Arabia

  China’s former ambassador to Iran, Chang Hua, has been transferred to Saudi Arabia as part of a regular diplomatic reshuffle.

  The move follows last year’s Chinese-brokered deal between the states to restore diplomatic relations.

  The embassy in Riyadh announced the appointment and Chang’s arrival on Friday. In his inaugural address he said the embassy is “committed to promoting exchanges and cooperation between [China and Saudi Arabia] actively practising ‘diplomacy for the people’, and providing dedicated services to Chinese citizens” in Saudi Arabia.

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