MUST-READS

• 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.

• Canoo secures second Saudi vehicle order

  "Red Sea Global will pilot Canoo’s lifestyle vehicle (LV), lifestyle delivery vehicle (LDV) 190, and the Bulldog pickup truck. The Canoo vehicles will be piloted for travel between Red Sea Global’s international airport, its various resorts, facilities, and excursions," Canoo says.

  • NWA - Canoo vehicles set for Saudi program
• Saudi authorities prepare for Eid Al-Fitr prayers at Two Holy Mosques

  The Two Holy Mosques have been prepared with with a package of religious services “to enrich the experience of those visiting the mosques and to create a devotional atmosphere filled with reverence and tranquility,” the Saudi Press Agency reported, citing the presidency. Sheikh Abdullah Al-Souli, the supervisor of the affairs of imams and muezzins, guidance and counseling at the presidency, said: “The Presidency of Religious Affairs is fully prepared to receive worshipers for the blessed Eid Al-Fitr prayer, through an integrated religious system that enhances the awareness aspect and guidance of visitors.”

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