MUST-READS

• Saudi Arabia to host Future Aviation Forum 2024

  The FAF 2024, which will attract more than 5,000 international experts from the aviation industry, leaders of international airlines, and officials from aviation authorities in participating countries, will discuss global aviation issues, air transportation, the development of environmental sustainability in the civil aviation sector, enabling advanced air transport, and enhancing global connectivity, Saudi Press Agency (SPA) reported.

• Saudi Arabia’s Vision 2030, the rise of fintechs and professional development

  With Saudi Vision 2030 and other regulatory regimes encouraging and facilitating the use of fintech, Annette Spencer, the ACT’s chief executive, said: “It struck me that regulation and technology are becoming friends and allies in a way that perhaps has not always been the case in the past.” Solid relations between banks and corporates are an important foundation of doing business in Saudi and the Gulf region. Alhudaif stressed how her company had explored what services banks can provide regarding cash management, credit facilities investments and financial leasing products.

• Saudi Arabia: better growth prospects

  In 2024, economic activity should be only slightly positive. We expect 1.2% on average. In fact, oil production should only slightly progress and not before Q4 2024. With regard to non-oil activity, the tight labor market conditions will be a constraint on an economic rebound. Indeed, the unemployment rate has stabilized and the participation rate has stopped to progress for about two years despite a sharp increase in female participation rate to the labor market for several years.

• Iran says keen to develop ties with Saudi Arabia

  Iranian Foreign Minster Hossein Amir-Abdollahian and his Saudi counterpart Faisal bin Farhan Al-Saud held a telephone conversation on the occasion of Eid al-Fitr, discussing bilateral ties and regional developments. “Amir-Abdollahian pointed to the progress of bilateral relations between the two countries, stressing that Iran is determined to expand bilateral ties with Saudi Arabia as much as possible,” Iran’s semi-official Tasnim news agency reported.

• Cannes selects first Saudi film for competition in festival’s 77-year history

  Six years after the country announced its intention to build a home-grown industry, a film from Saudi Arabia has been selected to compete in the Cannes Film Festival for the first time. Norah, Saudi director Tawfik Alzaidi's feature debut, has been selected in the Un Certain Regard section and will compete against 19 other entries from around the world. The category, established in 1978, runs in parallel to the festival's long-running Palme d'Or competition and aims to recognise emerging talent and non-traditional narratives.

• How technology is shaping education in Saudi Arabia

  Thus, the digital transformation of the education sector is another important part of Vision 2030’s success, to ensure young people in the Kingdom have the right skills for the future world of work. According to PwC, Hopes and Fear survey, 57% of the respondents in Saudi Arabia are either excited or confident about the future of their children and that technology will offer a world full of possibilities for their kids.

• Senior U.S. general to visit Israel to coordinate on Iran attack threat

  Iranian officials have publicly threatened to retaliate against Israel for an attack in Syria last week that killed a top Iranian general. An attack on Israel or its bases could lead to another regional escalation.

• Donations to national charity campaign in Ramadan exceed SR1.8 billion

  The National Platform for Charitable Work (Ehsan) has proudly announced that the donations for the fourth National Campaign for Charitable Work soared past SR1.8 billion during Ramadan, spanning from the 5th to the 30th of the holy month. This remarkable achievement was kickstarted with significant donations from the Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Prince Mohammed bin Salman, who collectively contributed SR70 million.

• Foreign liaison visit strengthens Naval supply partnership between US, Saudi Arabia

  A delegation from Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) embarked on a significant foreign liaison visit to the Kingdom of Saudi Arabia to support maritime and aviation cooperation March 3. “Inviting our team to Saudi Arabia to discuss current and future capabilities is a testament to the value of open communication,” expressed Cmdr. Albert Sonon, NAVSUP WSS, Director of International Programs. “Sustaining weapon systems is not just an individual task but a collective effort between Nations.” The NAVSUP WSS International Programs delegation’s objective was to meet with key Saudi Arabian officials and discuss various aspects of logistical support and readiness capabilities.

• Russia tells citizens: refrain from travel to the Middle East

  Russia's foreign ministry told citizens on Thursday that they should refrain from travelling to the Middle East, especially to Israel, Lebanon and the Palestinian territories. "The tense situation in the Middle East region persists," said the foreign ministry, which first issued such travel advice in October when it urged Russians not to visit Israel and the Palestinian territories after Hamas attacked Israel.

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