MUST-READS

• U.S. presses for Gaza truce amid reports talks deadlocked

  Hopes for reaching a six week Gaza truce and the release of Israeli hostages held by Hamas seemed uncertain on Wednesday, though the United States said it did not think a deal was out of reach and would continue to work for one. “We continue to believe that the obstacles are not insurmountable and that a deal can be reached, and a deal is in the interest of Israel, it’s in the interest of the Palestinian people, and it’s in the interest of the broader region,” State Department spokesperson Matthew Miller told journalists at the department press briefing Wednesday (March 6).

• Saudi Arabia named ‘most improved country overall’ in US Chamber of Commerce IP Index

  Saudi Arabia has received recognition as “the most improved country overall” in the 12th edition of the US Chamber of Commerce International Intellectual Property Index. Released on March 2, the report emphasizes the several achievements of the Kingdom, with Vice President of Middle East Affairs at the US Chamber of Commerce Steve Lutes telling Arab News that Saudi Arabia has made significant strides in the technology sector over the past year.

• AlUla launches its first global tourism campaign

  The 2.5-minute film, directed by Bruno Aveillan, brings a cinematic dimension to the destination, highlighting its key attractions such as history, culture, nature and adventure. To complement this, a series of short videos presents AlUla's emblematic sites and the unique experiences it offers. At the same time, AlUla is embarking on a digital transformation with the creation of a new website, a mobile application and a redesigned social media strategy. This omnichannel approach aims to deliver an optimal customer experience, both online and on-site.

• Saudi Arabia’s NEOM unveils private residential golf community project Gidori

  The project’s progressive architecture centerpiece is a beach-front complex with a cantilevered structure that rises from the coastal landscape. “It will house 190 luxury sea-view apartments alongside a range of dining experiences, signature retail stores and garden spaces,” NEOM said in a statement.

• Saudi Arabia condemns Israeli settlement expansion plans in West Bank

  Saudi Arabia on Wednesday condemned an Israeli decision to approve the development of 3,500 new settlement units in the West Bank. The Saudi foreign ministry said the Kingdom “strongly condemned” the planned settlement and attempts to Judaized large parts of the West Bank. The statement comes as an Israeli minister said the plans to construct the units had been pushed forward. Israeli settlement watchdog Peace Now said there were 3,426 homes advanced through a planning committee, across Maale Adumim and Kedar, east of Jerusalem, and Efrat, south of the city.

• Baseball United signs historic partnership to bring game to Saudi Arabia

  Baseball United has announced a historic partnership deal with the Saudi Baseball and Softball Federation (SBSF) that provides them an unlimited term to host professional league and tournaments in the kingdom. It includes rights to new Baseball United franchises representing Riyadh, Jeddah, and Dammam – three of the kingdom’s largest cities, marking professional baseball's first foray into Saudi Arabia. “This is a monumental day for the sport of baseball,” Kash Shaikh, chairman, CEO, and co-founder of Baseball United, said.

• Dar Global reveals Trump Villas design for Muscat resort and golf course

  Saudi property developer Dar Global has released the designs for villas in the Trump community at its Aida resort and golf course development in Muscat. The Trump Signature Villas, an enclave of properties within Trump International Golf Club Oman, come with "elite membership" of the golf club and a Trump-branded golf cart, Dar Global said. The villas, which will have sea views from an elevation of over 130 metres, range from three to seven bedrooms, starting at 1,345 square feet in size. Phase one of the Trump Villas project is expected to be completed this year, according to Dar Global's website, with the development expected to be finished by 2026.

• Who are the favorites as F1 heads to Saudi Arabia for the second race of the season?

  Unsurprisingly given he is on a run of eight straight victories, Verstappen is the favourite going into this weekend. But he didn’t win in Saudi Arabia last year, that race one of just three that eluded him in his record-breaking 2023 campaign. Instead Sergio Perez emerged victorious, bringing his very best to this street track – as he so often does when the walls close in.

• Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

  Gulf oil giants Saudi Aramco (2222.SE), opens new tab and Abu Dhabi National Oil Company (ADNOC) (ADNOC.UL) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said. The two energy giants are trying to exploit their fossil fuel resources while they can and with demand for the chilled fuel expected to grow by 50% by 2030, they are tapping opportunities in the United States which has become the world's biggest exporter of LNG as it sends record volumes to Europe.

• Saudi Arabia Raises Oil Prices for Asia

  Saudi Arabia raised the official selling prices of its crude for Asian buyers following the extension of the OPEC+ production cut agreement until the end of the first half of the year. The price for the country’s flagship Arab Light grade was raised by $0.20 per barrel over the Oman/Dubai average, Reuters reported, meaning April deliveries will cost $1.70 per barrel more than the Oman/Dubai average, up from $1.50 per barrel this month. At the same time, Aramco lowered its prices for European buyers, by between $0.60 and $0.70 per barrel. Prices for sales to the United States were virtually unchanged.

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