MUST-READS

• Watch: Cristiano Ronaldo sent off in Saudi Super Cup semi-final defeat

  In a fiery Saudi Super Cup semi-final clash between Al Nassr and Al Hilal, Cristiano Ronaldo faced a dramatic end as he was shown a straight red card for elbowing an opponent in the closing minutes of the match. The game ended in a 2-1 victory for Al Hilal, with Ronaldo’s dismissal coming when his team were already trailing 2-0. A tense encounter culminated in Ronaldo’s sending off for an elbow on Ali Al-Bulayhi even though Al Nassr found a late consolation goal.

• Saudi Arabia’s air and space forces merger to happen this year: Sources

  Saudi Arabia plans to merge its air and space forces into a single organization sometime this year, three Saudi military officials told Breaking Defense, in part of what experts say is an ambitious but ultimately long-term plan for the Kingdom to develop robust space-based defense capabilities. While plans can always change, one of the Saudi Ministry of Defense officials — who like the others spoke with Breaking Defense on the condition of anonymity at the World Defense Show outside Riyadh earlier this year — said, “We need space for deterrence. In 2024, MoD will merge air and space forces to defend the assets it has.”

• How Saudi Arabia Hopes to Carve a New Reputation With $22 Billion Railway

  With Saudi Arabia set to host the World Expo 2030 and as a frontrunner to host the 2034 FIFA World Cup, the country's new metro megaproject is a chance to transform its economy as well as improve its reputation.

• Shocks in G20 emerging economies hit rich-world growth, IMF says

  Domestic shocks in emerging economies in the G20 are increasingly impacting growth in the rich world, according to a report published on Tuesday by the International Monetary Fund. Those countries -- ranging from China, the world's second-largest economy, to default-prone Argentina -- have become so embedded in the global economy, particularly via trade and commodity value chains, that they are "no longer simply on the receiving end of global shocks."

• Political Instability and Environmental Politics in Postrevolutionary Tunisia

  Some civil society groups hoped that President Kais Saied’s 2021 coup and the relative stability that ensued would result in a clear political agenda, and some environmental activists were among the optimists. In practice, the government has shown a sustained lack of political will to act on the environment, and implementation of environmental projects and policies continues to be weak. In the meantime, Tunisia’s ecological issues are worsening, ranging from the growing impacts of climate change to industrial pollution and poor waste management.

• Steelmaking could be 95% cleaner with the use of hydrogen

  o in traditional steelmaking, iron ore is mined from the ground. That needs to be reduced to iron oxide. So, it’s heated with coal or coke in a blast furnace to separate iron from the oxide. So, the carbon monoxide in coal takes out oxygen and that becomes CO2. That’s one source of carbon leakage in the steelmaking process, and another source of CO2 emissions is in the steel mill where a lot of heating and cooling happens.

• Saudi king, crown prince exchange Eid Al-Fitr greetings with leaders of Muslim countries

  Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman on Tuesday sent cables of congratulation to leaders of Islamic countries for Eid Al-Fitr. The cables were sent “based on the keenness” of the leadership to “communicate annually with the leaders of the Islamic countries on the blessed holiday,” the Saudi Press Agency reported.

• Attacks on Palestinian people must end, King Salman says in Eid speech

  Saudi Arabia’s King Salman emphasized the necessity of stopping attacks on the Palestinian people during an Eid Al-Fitr speech on Tuesday. He also called for the provision of safe relief corridors, and an end to Palestinians’ suffering by enabling them to obtain all their legitimate rights, including the establishment of an independent state and living in safety.

• Alrajhi leads Middle East’s 30 Most Valuable Banks 2024
  Established in 1957, alrajhi bank served more than 15.8 million active customers through 545 branches, including the branches outside Saudi Arabia, as of December 2023. It employs 20,878 people. In April 2023, the bank issued its first U.S.-dollar sukuk, a $1 billion five-year sustainable sukuk. The bank recorded total assets worth $215.5 billion as of December 2023, with a net profit of $4.4 billion. In March 2023, PIF’s Saudi Real Estate Refinance Company signed a deal with alrajhi bank to refinance more than $1.3 billion in a real estate financing portfolio. In March 2024, alrajhi bank joined the Buna platform to enhance its payment solutions.

• Al Hilal secures spot in Diriyah Saudi Super Cup final

  Al Hilal booked their place in the Diriyah Saudi Super Cup final, securing a victory over arch-rival Al Nassr with a 2-1 scoreline at Mohammed Bin Zayed Stadium in Abu Dhabi, UAE. This semi-final clash set the stage for a much-anticipated final against Al Ittihad. Maintaining their impressive winning streak, Al Hilal marked its 33rd consecutive victory on a global scale, showcasing resilience and tactical prowess.

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