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MUST-READS

  • 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.

  • Saudi Arabia Football Clubs to Curb Spending in Next Transfer Window

    Saudi Arabia’s football clubs will not repeat their footballing spending spree this summer, after the Kingdom made plans to reduce losses and build a more sustainable domestic transfer market. Saudi clubs were allocated a three-year budget last summer by the state’s sovereign wealth fund, and there are no plans in place yet to increase this allocation, according to Carlo Nohra, Chief Operating Officer of the Saudi Pro League.

  • An introduction to the Tawaref series

    The Saudi Arabian investment landscape has been thriving in recent years, attracting investors from around the globe. With the introduction of business-friendly reforms and attractive incentives by the Saudi Government, the country has become an increasingly potent and vibrant market for entrepreneurs and investors alike.

  • Tawaref Series: navigating Saudi expansion

    In today's interconnected global economy, tech entrepreneurs are continually exploring new frontiers to expand their businesses and harness fresh opportunities. Saudi Arabia has emerged as a compelling prospect for these entrepreneurs, boasting a rapidly advancing economy and a strategic geographical position. However, making strides into a new market demands careful evaluation of challenges and considerations.

  • An introduction to the Tawaref series

    The Saudi Arabian investment landscape has been thriving in recent years, attracting investors from around the globe. With the introduction of business-friendly reforms and attractive incentives by the Saudi Government, the country has become an increasingly potent and vibrant market for entrepreneurs and investors alike.

  • New Saudi real estate visa a massive boost for investors; ultra-rich eye $2bn opportunity with high returns

    Saudi Arabia’s Premium real estate visas will attract high net worth investors to the Kingdom, according to analysis by global property experts Knight Frank. Muslim global high net worth individuals (HNWI) are prepared to spend $1.96bn on real estate in the Holy Cities of Makkah and Madinah, said Knight Frank in its inaugural Destination Saudi report. Knight Frank surveyed 506 Muslim global HNWI from nine countries to understand their attitudes, aspirations and appetite towards real estate investment in the Holy Cities of Makkah and Madinah.

  • Aid ship leaves Cyprus bound for Gaza as Palestinians on brink of famine

    A ship carrying 200 tonnes of aid for Gaza left Cyprus on Tuesday in a pilot project to open a sea route to deliver supplies to a population aid agencies say is on the brink of famine. The charity ship Open Arms was seen sailing out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein. The mission was funded mostly by the UAE and organised by U.S.-based charity World Central Kitchen (WCK).

  • PIF ranks 5th among sovereign wealth funds globally, nears $1tn in net assets 

    Saudi Arabia’s sovereign wealth fund has climbed to fifth in a ranking of state-owned investment organizations, with its net assets reaching $861 billion, according to a new report.  The US-based Sovereign Wealth Fund Institute stated that the Public Investment Fund is marching toward its end-2025 target of $1 trillion in assets, which is intended to enhance the Kingdom’s diversification efforts.  The significant rise in the PIF’s ranking follows its acquisition of an additional 8 percent stake in Aramco, boosting its shareholding’s estimated value to $328 billion. 

  • Opinion: Biden Is Right. Netanyahu Is Damaging Israel’s Future

    Netanyahu has been a catastrophic leader for the state of Israel. His core policies, focused on settling the territory of the West Bank and ensuring there could never be a Palestinian state, were responsible for shifting the attention of Israel’s security forces away from Gaza. Hamas alone made the choice to launch its savage Oct. 7 attack, but Netanyahu’s misguided policies allowed it to succeed.