MUST-READS

• 64% of Israelis oppose the establishment of a Palestinian state in Saudi deal – survey

  In a revealing survey by the Jerusalem Center for Foreign Affairs (JCFA), some 64% of the Israeli public stands against establishing a Palestinian state as part of the normalization process with Saudi Arabia. The full report will be unveiled at the 13th Annual Jerusalem Post Conference in New York next week. In collaboration with the Panels Politics research institute, led by Menachem Lazar, the survey focuses on the stance of both Jewish and Arab Israelis on this critical political issue.

• Saudi film ‘Norah’ earns special mention at Cannes 2024

  Saudi writer-director Tawfik Alzaidi’s film Norah has received a Special Mention from the Cannes jury in the Un Certain Regard category. The nomination of Norah is significant as it marks the first film from Saudi Arabia to be entered into an official selection at the prestigious festival. Director Tawfik Alzaidi, along with the cast and crew, took to the stage to accept the accolade in front of a full house.

• Saudi Arabia strongly condemns continued Israeli ‘massacres’

  Saudi Arabia’s ministry of foreign affairs said on Monday that it strongly condemned and denounced the “continued massacres of the Israeli occupation forces,” the latest of which was an airstrike on a center for displaced people near Rafah. For the latest updates on the Israel-Palestine conflict, visit our dedicated page. Overnight Israeli strikes set ablaze tents of displaced Palestinians in Rafah, leaving at least 40 dead according to Palestinian officials.

• Saudi Arabia’s sovereign wealth fund launches new group to boost space industry

  The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on Monday launched the Neo Space Group to work on the Kingdom’s satellite and space industry, its first investment in the sector.

  The Neo Space Group or NSG is the “PIF’s first investment focused on the space industry,” the sovereign wealth fund said in a statement.

• Saudi just got its first silent airport – can you guess where it is?

  Management issued this decision based on keeping up with the best global practices applied in several international airports around the world such as in Singapore Changi International Airport, Zurich International Airport, Dubai International Airport and more. Abha International Airport will no longer announce flight details during boarding. Instead, you’ll be getting all the relevant accurate information through flight display screens.

• US expected to lift ban on sale of offensive weapons to Saudi Arabia, FT reports
  The United States is expected to lift a ban on the sale of offensive weapons to Saudi Arabia, potentially in the coming weeks, the Financial Times reported on Sunday.
  Washington has already signaled to Saudi Arabia that it was prepared to lift the ban, the newspaper reported, citing a person familiar with the matter.

• Saudi Arabia appoints first ambassador to Syria since 2012

  Saudi Arabia on Sunday announced the appointment of its first ambassador to Syria since severing ties with Damascus in 12 years, marking an ongoing thawing in relations since the war-torn country was readmitted to the Arab League over a year ago.

• Opinion: There’s a Huge Opportunity For Saudi Tourism – But it Needs to Embrace Nuance

  The Saudi Public Investment Fund gets a lot of attention with its mega deals. This is to be expected. What I want to see is room for a certain segment of the private sector: early-stage entrepreneurs and innovators building something from the ground up.

• Monsha’at reveals key economic indicators for Saudi fashion industry

  The Kingdom’s fashion sector is expected to grow at a compound annual growth rate (CAGR) of nearly 48% between 2021 and 2025.   The sector’s value amounted to roughly SAR 92.3 billion in 2021, Monsha’at added.   It was valued at SAR 46.9 billion in 2022, with consumer spending on imported brands reaching SAR 27.4 billion in 2021.

• Saudi Arabia aims to attract over $3 trillion in investments by 2030

  Saudi Minister of Investment Khalid Al-Falih underscored the plan to draw investments and financial flows exceeding $3 trillion by 2030. Saudi Arabia, participating in the first Sino-Gulf Cooperation for Industries and Investments Forum in Xiamen, China, on May 23 and 24, focused on its ambitious Vision 2030. Led by Minister Al-Falih, the Saudi delegation included key representatives from both the government and private sectors.

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