MUST-READS

• Why Another Drawdown Of America’s Oil Reserve Could Happen

  The motivation there for the OPEC+ ministers would be to avoid the inevitable demand destruction that $100/barrel oil prices have caused in the past. It is a motivation that makes sense for countries whose long-term economic health remains highly dependent on strong demand for crude oil. The question, though, becomes how quickly OPEC+ is willing to act to readjust its production targets, given that the group acted just last week to reaffirm commitments to lower quotas it has had in place since last summer. With the Brent price already over $91/bbl and the US summer driving season rapidly approaching, the prospect of a near-term rise to the $100 mark is not really all that remote.

• Saudi Arabia arrests over 20,000 violators of residency, labour and border security laws in a week
  The Saudi Ministry of Interior said that 20,667 individuals were arrested for residency, labour, and border security violations in a nationwide sweep from April 4 to 10.
  Of them, 14,805 have been arrested for residency violations, 3,860 for border breaches and 2,002 for labour violations.

• Saudi Arabia’s EV imports rise to 779 in 2023: Report

  Saudi imports of electric vehicles (EVs) increased by 271% to reach 779 cars in 2023, amounting to SAR 397.3 million, Al-Eqtisadiah newspaper reported, citing the General Authority for Statistics.

  Meanwhile, the Kingdom imported 210 EVs in 2022, valued at SAR 52.3 million, the newspaper added.

• Saudi personal data protection law update 2024

  In essence, the changes aim to streamline the existing regulations, offering a clearer, more cohesive framework. Notably, the new draft simplifies the criteria for assessing which countries and international organisations provide adequate data protection. It also removes overly general criteria and now includes considerations for compliance with binding international treaties.

• Saudi Arabia likely to invest up to $1bn in Reko Diq Copper-Gold project

  A Saudi investment of up to $1 billion is likely next month in the Reko Diq Copper Gold project located in the Chagai district in Balochistan, Radio Pakistan reported on Sunday.

• Saudi Arabia starts revealing names of arrested harassers

  The Saudi security authorities have begun announcing the names of those arrested on harassment charges. In a press statement issued on Friday, Makkah police revealed for the first time the full name of the accused while announcing the arrest of an Egyptian expatriate for harassing a woman.

  The police said that legal measures were taken against the arrested Egyptian, Walid Al-Sayed Abdel Hamid, and that he was referred to the Public Prosecution.

• Saudi Arabia Hajj Visa – A Step-by-Step Guide to Apply

  This step-by-step guide explains how to apply for a Saudi eVisa for the Hajj pilgrimage. Visit our website and apply online. Get help in every step.

• Saudi foreign minister to visit Pakistan on Monday
  A Saudi Arabian delegation, led by foreign minister Prince Faisal bin Farhan bin Abdullah, will visit Pakistan on Monday and Tuesday as part of efforts to boost economic cooperation, Pakistan's foreign ministry said in a statement on Sunday.
  The visit takes place to expedite follow-up on the understanding reached between Pakistani Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman during their recent meeting in Makkah Al Mukarramah to enhance economic cooperation between the two countries, the foreign ministry said.

• Rise of Captagon Trafficking in the Gulf

  In February, Jordanian forces killed five smugglers attempting to bring the drug Captagon over the Syria-Jordan border, shining a spotlight on the often overlooked consequences of the Captagon trade across the Middle East. While the humanitarian crises that long-running conflicts in the Middle East have produced tend to make the headlines, less documented is the persistent rise in drug trafficking in the region and its far-reaching consequences across borders. One key trend has been the rise in Captagon production and trafficking in recent years, which has its roots in the Syria conflict. In the past year, regional leaders have taken steps to try to resolve the Captagon crisis.

• Saudi Arabia’s Umluj Beach makes list of top 100 beaches worldwide

  Saudi Arabia’s Umluj Beach has been ranked among the top 100 beaches in the world in the Golden Beach Awards 2024, alongside the likes of Bora Bora and Copacabana. BeachAtlas, a London-based startup, used an algorithm to shortlist 100 beaches according to six criteria. The locations were then put to a vote by a panel of travel experts and influencers who provided their personal insights to refine and help rank the list.

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