MUST-READS

• Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board

  When Jimmy Dunne joined the PGA Tour’s board in 2023, at the peak of its battle with LIV Golf, the Tour was adding a heavy hitter in both the golf and financial worlds. Dunne is a member at prestigious institutions such as Augusta National, the president of Seminole Golf Club and the senior managing principal at the investment bank Piper Sandler.

• Saudi Minister of Finance Participates in 2024 Qatar Economic Forum

  His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will participate in the fourth edition of the Qatar Economic Forum, held in Doha May 14-16, 2024, as participants explore economic challenges and opportunities in the MENA region. During the first day of the Forum, Minister Aljadaan will participate in a panel discussion entitled "Reshaping Middle East Economies," along with His Excellency the Chairman of the Islamic Development Bank Group Dr. Muhammad Al Jasser, and the Qatari Minister of Finance Mr. Ali Al-Kuwari. The Forum will bring together more than 1,000 global policymakers and leaders from government and the private sector to discuss five themes: Geopolitics, Globalization & Trade; Energy Transition; Technology Innovation; Business & Investment Outlook; and Sports and Entertainment.

• Syria holds the key to improved US-Turkey ties

  Turkish President Recep Tayyip Erdoğan was set to visit Washington in May after a long period of coldness between him and US President Joe Biden. While the cancellation officially occurred due to scheduling issues, disagreements over the Gaza conflict appear to have played a role in this decision. Despite recent momentum in US-Turkish relations, this situation underscores the fact that improving areas of cooperation is not enough to maintain the bilateral relationship.

• The nuclear fatwa that wasn’t—how Iran sold the world a false narrative

  In a 2012 interview with local magazine Mehrnameh, Rouhani recounted the 2004 talks with the foreign ministers of France, Germany, and the United Kingdom, and claimed that he told them that Supreme Leader Ayatollah Ali Khamenei “has issued a fatwa and declared it forbidden to acquire a bomb. This fatwa is more important for us than the NPT [Nuclear Non-Proliferation Treaty] and the additional protocol. It is more important to us than any law.”

• Ras Ghamila: Saudi Arabia offers to buy Egyptian premium Red Sea area using deposits

  Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from the Central Bank of Egypt, and the acquisition of several government companies, according to an Egyptian government source. The source, who works in the Ministry of Public Business Sector, the entity tasked with negotiating the deal, told Middle East Eye that Saudi officials offered to use the kingdom's deposits with the central bank (CBE), which amount to $10.3bn, an option favoured by the Egyptian side which will allow immediate access to foreign currency.

• Jeddah Historic District, Cruise Saudi team on sustainability strategies
  Jeddah Historic District Program and Cruise Saudi plan to cooperate on how to handle more international cruise visitors while preserving historic sites and benefiting the community.

• Saudi Arabia executes two Syrian nationals for smuggling narcotics

  Saudi Arabia has executed two Syrians over their alleged involvement in drug smuggling within the Kingdom, as the trafficking of narcotics from Syria continues to plague the region. According to the state-run Saudi Press Agency (SPA), the Ministry of Interior released a statement announcing the execution of two criminals of Syrian nationality on Saturday, 11 May, in the Kingdom’s north-western Tabuk region.

• Navigating Marriage Laws in Saudi Arabia for Foreigners: What You Need to Know

  Saudi Arabia's marriage laws are steeped in Islamic tradition and reflect the country's unique cultural norms. Understanding these laws is crucial for foreigners considering marriage in Saudi Arabia, as there are specific requirements for both men and women.

• OPEC sticks to oil demand view, shifts key forecast to OPEC+
  OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting that the wider group is now the main forum for cooperation in the market.
  The Organization of the Petroleum Exporting Countries, in a monthly report, said it expected world oil demand to rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. Both forecasts were unchanged from last month.

• Number of nurses up 23% in Saudi Arabia during 7 years, reaching over 235,000

  The number of nursing staff in Saudi Arabia, who are registered with the Saudi Commission for Health Specialties, has increased to more than 235,000 during the year 2023. The total number of male and female nurses recorded an increase of more than 23 percent during the period between 2016 and 2023, according to a report released by the Ministry of Health on the occasion of International Nurses Day that was celebrated on May 12.

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