MUST-READS

• Architectural Heritage through Timeless Fashion

  Saudi designer Makram Marzuki's fashion collection Banat Al-Balad, on display at Zainal House in Jeddah's famed Al-Balad neighborhood, skillfully blends past and present to recognize the city's rich cultural legacy. Jeddah native Marzuki purposefully used his city as the inspiration for this unique collection, aiming to capture the spirit of Al-Balad's coral stone, and limestone buildings, and elaborately adorned wooden rawashin windows.

• Expat remittances from Saudi Arabia fall to $33.3 Billion in 2023

  Remittances from expatriates in Saudi Arabia fell 13%, or SAR 18.3 billion, to SAR 124.9 billion in 2023, compared to SAR 143.2 billion in 2022, according to recent data released by the Saudi Central Bank (SAMA). Last year's remittances from expatriates are the lowest since 2011, when they reached SAR 110.4 billion.

• Navigating the Landscape of Esports and Gaming in Saudi Arabia

  According to the Chairman of the Federation of Esports and Gaming HRH Prince Faisal bin Bandar bin Sultan Al Saud, the Kingdom’s aim to become a leading global hub for gaming and esports by 2030 will create over 35,000 jobs and contribute $13.3bn to the nation’s economy.

• Al-Jadaan: Saudi non-oil economic growth is expected to exceed 5%

  Minister of Finance Mohammed Al-Jadaan said that Saudi Arabia’s non-oil gross domestic product (GDP) is recording a growth of over four percent and is expected to exceed five percent in the medium term. Attending a panel session at the 3rd Saudi Capital Market Forum in Riyadh on Monday, Al-Jadaan said that the non-oil GDP witnessed healthy growth despite the crises. “This growth confirms the strength and resilience of the Saudi economy.” The minister said that Saudi Arabia promised a major transformation since the launch of the Kingdom’s Vision 2030. “This transformation began to show success and commitment during good and difficult times,” he said while stressing the Kingdom’s commitment to bringing stability and investment opportunities to the world.

• How to celebrate Saudi Founding Day in Riyadh

  Are you ready for round three of Saudi Founding Day celebrations? Well, we’ve got more than a few picks that will have you saving a riyal or two while enjoying exciting restaurant offers and stellar hotel offers for a relaxing Saudi staycation. Sound like a plan? Marking the third Founding Day celebration in Riyadh (and the Kingdom), Saudi Founding Day falls on February 22 and highlights a day of gathering and unified pride accompanied by a day off for public and private sectors (who doesn’t love that?).

• Saudi fund-backed firm partners with Chinese surveillance maker

  A subsidiary of Saudi Arabia's sovereign wealth fund with ambitions to develop sophisticated technology on Tuesday announced a $200 million partnership with a Chinese surveillance technology company previously sanctioned by the United States. Alat, a newly formed entity owned by Saudi Arabia's Public Investment Fund (PIF), and Dahua Technology, one of China's biggest surveillance equipment makers, will manufacture surveillance hardware in Saudi Arabia, Alat's new CEO announced at an event in Riyadh.

• Nextracker wins 1.17-GW order for Saudi Al Kahfah solar project

  The order was assigned by ACWA Power and engineering, procurement and construction (EPC) contractor Larsen and Toubro Ltd (NSE:LT), or L&T. It concerns Nextracker’s all-terrain NX Horizon-XTR smart solar tracker systems and marks the company’s largest deployment of this series in a single order to date, according to a press release. The 1.581-GWp Al Kahfah is one of three major solar PV Independent Power Producer (IPP) projects being led by ACWA Power and the Water and Electricity Holding Company (Badeel), a wholly-owned company of the Public Investment Fund (PIF).

• Saudi Arabia Has Become The Fight Capital Of The World

  Las Vegas has been the fight capital of the world for decades. It seems almost crazy to look at any other place as the destination spot for fighters, fans, and the promoters who push the events. Over the past two years, it's become clear that Riyadh, Saudi Arabia, and the Gulf states have taken a significant piece of the pie. So much so it's not a stretch to say Saudi Arabia has become the world's fight capital.

• Iran Unveils Air Defense Systems as Middle East Tensions Soar

  Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle East amid the war in Gaza. "The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," the official IRNA news agency said. The unveiling of the new weapons comes at a time of heightened regional tensions with the war between Israel and Tehran-backed Hamas raging into a fifth month.

• Stranded in Rafah as an Israeli Invasion Looms

  After months of telling residents in the Gaza Strip to move south for safety, Israel now says it plans to invade Rafah, the territory’s southernmost city. More than a million people are effectively trapped there without any clear idea of where to go. Two Gazans describe what it is like to live in Rafah right now.

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