MUST-READS

• Al Nassr advances to AFC Champions League quarter-finals

  In a riveting Round of 16 second leg at Al Awwal Park on Wednesday, Al Nassr secured their spot in the AFC Champions League 2023/24 quarter-finals with a 2-0 victory over Al Fayha. The win sets up a highly anticipated clash with the United Arab Emirates' Al Ain FC for a place in the semi-final.

• Saudi-Pakistan business forum begins with $20 billion trade target

  The Saudi-Pakistani Business Forum commenced in Riyadh on Wednesday, under the aegis of Minister of Commerce Dr. Majid Al-Qasabi. The event, orchestrated by the Federation of Saudi Chambers, witnessed the attendance of high-profile Saudi and Pakistani representatives. Fawaz bin Rafaah, acting Deputy Governor of the General Authority of Foreign Trade for Private Sector Affairs and Global Presence, highlighted the pivotal role of the private sector in bolstering trade relations. He addressed the gathering on behalf of Dr. Al-Qasabi.

• How Saudi Arabia exported tomatoes to Europe for the first time

  In February 2024, fresh produce from Saudi Arabia was exported to Europe for the first time. The event was so unique that it was featured on television news. How did Saudi Arabia, with its harsh climate and heavy reliance on imports to cover its local market's needs, manage to export tomatoes to Europe? The answer lies in high-tech greenhouses and vertical farming, and the company behind this feat is Dava Agricultural Co.

• Late own goal takes Al-Ittihad into all-Saudi Asian CL quarters clash

  Toma Tabatadze's late own goal spared Karim Benzema's blushes as the defender gifted Saudi Arabia's Al-Ittihad a 2-1 win over Navbahor of Uzbekistan on Thursday to set up an Asian Champions League quarter-final meeting with compatriots Al-Hilal. The French striker headed Jamshid Iskanderov's free kick into his own net in the 25th minute to give the visitors the lead in Jeddah, with the teams going into the tie level after a scoreless draw in the first leg last week.

• Saudi golfer Faisal Salhab has impressive opening round at $2m International Series Oman

  On a tricky Al-Mouj Golf Club course in the opening round of the $2 million International Series Oman, Saudi Arabia’s Faisal Salhab got off the mark with a solid 1-under par 71 round.

• Saudi Tadawul Group Holding Company’s top owners are sovereign wealth funds with 60% stake, while 35% is held by individual investors

  A look at the shareholders of Saudi Tadawul Group Holding Company (TADAWUL:1111) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are sovereign wealth funds with 60% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

• The Saudi Cup secures international coverage

  The Saudi Cup 2024 – the world’s most valuable horse race – will be shown live by over 30 broadcasters with a reach that targets all corners of the globe for the $20 million contest. Now entering its fifth year, the Group 1 Saudi Cup is established as one of horse racing’s premium international events. This is reflected by the growing list of major linear and OTT broadcasters who will access an array of media packages. The IMG-produced World Feed will be presented by Nick Luck and Michelle Yu and document the full February 24th card, with six Group races and a $33.5million total prize pot. The event will conclude with a 60-minute ‘Golden Hour’ programme that focuses on the cultural and sporting elements of the Saudi Cup.

• $20M Saudi Cup, Kentucky Derby preps set in weekend horse racing

  The world's richest race, Kentucky Derby preps from Arkansas to the Middle East and hot action from England to Hong Kong all feature in weekend horse racing. No time to waste. ... We're off in the weekend preview!

• Saudi Arabia to Establish Marketing Tourism Offices

  The Saudi Tourism Authority has set 24 plans that place Saudi Arabia as a top tourist destination on the local, regional, and global levels. Last week, the Council of Ministers, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, approved the regulations of the Saudi Tourism Authority to play a crucial role in promoting Saudi Arabia as a top tourist destination on both regional and international levels.

• Saudi Arabia’s Sovereign Wealth Fund (PIF) to Deploy $70 Billion a Year

  The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said Thursday at the FII Priority conference in Miami.

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