MUST-READS

• A new perspective on Saudi Arabia’s Vision 2030

  There is a certain amount of confusion among observers about Saudi economic strategy. We can gain clarity on this if we look at the many initiatives of Vision 2030 in the manner that a venture capitalist would look at his portfolio of investments. Doing so, we would see Crown Prince Muhammad bin Salman as placing bets on a large number of sectors, thereby hedging his risks since the economy only needs to win a few of these bets for actual diversification away from oil to take a meaningful step forward.

• US extends lead on Saudi Arabia, Russia in oil production race

  Adapted from a new Energy Information Administration primer, the above graphic showing the U.S. producing more than any country in history is kind of an ink-blot test. Backers of the U.S. industry see an economic driver that provides global leverage as exports rise too. But climate groups are dismayed by growing fossil fuel development and say it cuts leverage in pushing other countries on energy transition. What's next: Don't expect anyone to catch up in the foreseeable future, EIA notes, because no other country has so much production capacity.

• India Rises As An Emerging Markets Darling

  Net inflows into exchange-traded funds focused on Indian stocks shattered records in 2023, clocking in at $8.6 billion last year, according to Reuters. India’s NSE Nifty Index surged nearly 20% in 2023, handily outperforming the MSCIMSCI +0.3% emerging markets index’s 7% rise.

• IRIS Hotels in Saudi Arabia expands its portfolio with Hotelogix-powered centralised control

  Hotelogix, a globally leading cloud-based hospitality technology provider, said Saudi Arabia's IRIS Hotels has been able to scale its business while expanding its portfolio on the back of a robust technology platform provided by its multi-property management system. Additionally, the group has been centrally managing operations across all 4 properties while complying with the Kingdom's National Tourism Monitoring Platform (NTMP) and The Zakat, Tax, and Custom Authority (ZATCA). IRIS Hotels is a well-known hotel group that offers a unique hospitality experience to its guests. With four boutique hotels operating in Riyadh, Taif, Jizan, etc., the group has gained immense popularity among leisure and business travellers. What sets them apart is their motto of providing "hospitality with heart and soul" - a philosophy that reflects in every aspect of their service. The group aims to grow further by adding 5-6 more properties.

• Israeli forces kill two Palestinians in West Bank raid after deadly night

  Israeli forces killed two Palestinians during a raid in the occupied West Bank early on Wednesday, the official Palestinian news agency WAFA reported, bringing to five the number of Palestinians killed in different incidents within several hours. Yousef Nimer, a witness, said Israeli forces began firing at people he was sitting with outside a hospital in the city of Jenin as they were finishing Suhur, the final meal before sunrise during the Muslim fasting month of Ramadan.

• Sudan’s army claims control of national broadcast building

  Sudan's army said it had taken control of the state broadcast headquarters from the Rapid Support Forces (RSF) on Tuesday in what would be its most significant advance against its paramilitary rival in nearly 11 months of war. The broadcast building lies in Omdurman, a city across the River Nile from Khartoum that forms part of Sudan's wider capital and has seen heavy fighting around military bases, bridges and supply routes.

• Saudi Arabia unveils world’s first-ever 3D printed mosque

  Saudi Arabia recently celebrated the unveiling of the world's first-ever mosque crafted through the revolutionary technique of 3D printing in Jeddah. Nestled in the Al-Jawhara suburb, this mosque is named after the late Abdulaziz Abdullah Sharbatly, as a heartfelt tribute from his wife, the prominent Saudi entrepreneur Wajnat Abdulwahed.

• Al-Hilal: Saudi Pro League side break world record with 28th successive win

  Saudi Pro League side Al-Hilal have broken the world record for most consecutive wins by a top-flight team. Tuesday's 2-0 win over Al-Ittihad in the Asian Champions League was the 28th victory in a row for Al-Hilal, Saudi Arabia's most decorated team. It surpasses the 27 straight wins by Welsh side The New Saints in 2016. Al-Hilal, whose players include former Fulham forward Aleksandar Mitrovic, have won every game since a 1-1 draw with Damac on 21 September.

• Continuing the rise of women arbitrators in Saudi Arabia

  Over the past years, commendable efforts have been made to attract women to the arbitration sector, and one of the most impressive examples can be seen in the Kingdom of Saudi Arabia, where the strategic push for female representation across the Saudi workforce and the empowerment of women are key pillars of the Kingdom’s Vision 2030 plan. The Arab world’s largest economy launched the Vision 2030 program in 2016 to diversify itself away from a reliance on fossil fuels, with one of the 14 ambitious goals being to raise the share of women in the workforce from 22% to 30% by the end of the program.

• What we know about Saudi Arabia’s £1.6bn offer to buy professional tennis

  Saudi Arabia’s Public Investment Fund (PIF) has reportedly launched a $2bn (£1.56bn) deal to merge the two professional tennis tours. The bid comes in response to a proposal by the four grand slams to redesign the tennis calendar and condense it to 14 events a year in a so-called “Premium Tour”. Cover was broken on the Saudi deal at a meeting of top tournament owners and administrators on Saturday in California, according to the Telegraph, just minutes after they had been given further details on the Premium Tour.

• 10 of 59998 results<< 1 … 331 332 333 … 6,000 >>