MUST-READS

• Egypt Warily Eyes Gaza as War Builds Pressure on Its Border

  During past conflicts in the region, Egypt has taken in refugees from Syria, Yemen and neighboring Sudan. But in this war, it has reacted very differently to the plight of its Arab neighbors, spurred by a mix of alarm over its own security and fear that the displacement could become permanent and undermine Palestinian aspirations for statehood.

• How will Pakistan form a coalition government after split election results?

  Pakistan's elections last week returned a hung parliament, with no party getting enough seats in the National Assembly to form a government by itself. Negotiations for a coalition government are taking place between former Prime Minister Nawaz Sharif's party, with 75 seats, and the party of Bilawal Bhutto Zardari, with 54 seats, as well as other smaller parties. Independent candidates backed by jailed former Prime Minister Imran Khan won the most seats - 93 - and they are also jostling for allies to form government. Candidates were vying for 264 seats out of the assembly's 336 total. There are also 70 reserved seats.

• Israel frees two hostages, Gaza officials say airstrikes kill 67

  Israel freed two Israeli-Argentinian hostages in Rafah on Monday under the cover of airstrikes which local health officials said killed 67 Palestinians and wounded dozens in the southern Gaza city that is the last refuge of about a million displaced civilians. A joint operation by the Israeli military, the domestic Shin Bet security service and the Special Police Unit in Rafah freed Fernando Simon Marman, 60, and Louis Hare, 70, the military said. They were among 250 people seized during the Oct. 7 raid by Hamas militants that triggered Israel's war on Gaza.

• Saudi Arabia’s real estate index up 0.2% in Q4 2023

  The Saudi real estate price index advanced 0.2% in the fourth quarter of 2023 to 82.8 points from 82.6 points a year earlier, data issued by the General Authority for Statistics (GASTAT) showed. The base year for the index is 2014 (100 base points).

• Saudi minister says energy transition behind Aramco capacity halt

  Saudi Arabia decided to halt its oil capacity expansion plans because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market. The Saudi government on Jan. 30 ordered state oil company Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day (bpd), 1 million bpd below a target announced in 2020, which was set to be reached in 2027.

• Saudi Arabia’s first college of arts launched in Riyadh

  In a strategic partnership with King Saud University in Riyadh, the Ministry of Culture has inaugurated the university's College of Arts, marking the first Saudi institution dedicated to arts education in the Kingdom. The launch ceremony, held at the university's theater on Sunday, was attended by Deputy Minister of Culture Hamed Fayez, University President Dr. Badran Al-Omar, and various cultural and arts enthusiasts from across the Kingdom.

• Saudi Arabia accelerates digital economy growth through Nvidia partnership

  The Kingdom’s Minister of Communications and Information Technology Abdullah Al-Swaha's meeting with Nvidia CEO Jensen Huang aims to support and strengthen the region’s digital economy, particularly in Saudi Arabia, recognized as the largest market for technical innovation in the Middle East and North Africa.

• Saudi Sports for All Federation Welcomes More Than 20,000 Participants for 2024 Riyadh Marathon

  More than 20,000 participants from 125 countries, including a record 60% Saudi nationals, took part in the third edition of the Riyadh Marathon on February 10 – an increase of more than 33%, with 15,000 runners in 2023.

• Swiss national wins $1 million in Riyadh Season Treasure Hunt

  Swiss contestant Stephanie Weil claimed a $1 million prize, equivalent to SR3.75 million, in the final competition of the Riyadh Season Treasure Hunt, held at Boulevard City. The contest saw thousands of participants from around the globe competing since its inception, with ten finalists selected to partake in the ultimate showdown.

• Saudi crackdown nets 18,901 illegals in a week during raids on residency and labour law violators

  Saudi Arabia arrested 18,901 individuals during raids across the kingdom in the first week of February. The Ministry of Interior said the arrests included 11,419 violators of the Residency Law, 4,533 violators of the Border Security Law and 2,949 violators of the Labour Law, as part of the joint field security campaigns executed by security forces and relevant government agencies from February 1 to 7.

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