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“The main accomplishment of the series is that it’s kind of humanising Saudi football. Because so far, I think people all over the globe, they were just thinking about dollar signs.” Danyel Reiche, Georgetown University in Qatar, who researches the intersection of politics and sport in the region, Football presents Saudi Arabia with soft power tool paving the way for World Cup [Arab Weekly]

TOP STORY

Saudi Arabia’s anti-corruption campaign matures

With ‘International Anti-Corruption Day’ just observed on December 9th, Oumeyma Chelbi and Robert P. Beschel Jr. examine Saudi Arabia’s anti-corruption drive for the Middle East Council on Global Affairs. [more]

MORE TOP STORYLINES

OPEC again cuts 2024, 2025 oil demand growth forecasts

Via Alex Lawler in yahoo.com: OPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer groups fifth consecutive downward revision. The weaker outlook highlights the challenge facing OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia. OPEC+ earlier this month delayed its plan to start raising output until April 2025 against a backdrop of falling prices. In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month. OPEC had kept the 2024 outlook unchanged until August, a view it had first taken in July 2023. The bulk of this revision is made in the third quarter, taking into account recently received bearish data for the third quarter, OPEC said in the report.

Saudi Arabia on Global Stage for 2034 World Cup

Via Tim Callen, Kristin Smith Diwan and Robert Mogielnicki in agsiw.org: On December 11, FIFA will announce that Saudi Arabia will host the 2034 World Cup. While this will be no surprise given the kingdom is the only bidder, the formal announcement will start the clock ticking on a decade of intense preparations ahead of the big kickoff. The 2034 tournament will be the first held in a single host country under the new expanded 48 team format. The 2026 and 2030 tournaments will also have 48 competing teams, but both will be held across multiple host countries: Canada, Mexico, and the United States in 2026 and Morocco, Portugal, and Spain in 2030. The World Cup is the most watched sporting event in the world. An estimated 5.4 billion television viewers tuned in for the 2022 tournament in Qatar, and 3.4 million people attended the matches. Hosting the 2034 World Cup therefore provides Saudi Arabia with a huge opportunity to present itself on the global stage, attract visitors to the country, and showcase the ambitious reforms that it is pursuing under Vision 2030. It will also offer the country a chance to address the criticism it has faced in certain parts of the world for its human rights record and its continued advocacy of fossil fuel usage.

Saudi’s new Riyadh Metro sees almost 2 million passengers hop aboard in first week

Via Jennifer Bell in alarabiya.net: Saudi Arabia’s capital marked a historic milestone this month with the launch of its first metro system – and it is already proving to be an instant success with 1.9 million passengers utilizing the transport link in the first week of operations. Riyadh Metro, which began operations on December 1, is a multi-billion-dollar project featureing six color-coded lines spanning 176 kilometers with 85 stations, and has 183 trains manufactured by industry leaders Siemens, Bombardier, and Alstom, establishing itself as the world’s longest driverless metro network. The metro is designed to carry 1.2 million passengers daily, with plans to scale up to 3.6 million, helping to ease traffic jams and reduce reliance on cars.

Saudi Arabia completes arrangement to secure $2.5 bln credit facility

Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth $2.5 billion, the...[By Enas Alashray and Ahmed Tolba via reuters.com]

Dakar Rally competitors react to grueling Stage 2 in Saudi Arabia: Video

Dakar Rally drivers and riders recount Stage 2 of the event, where competitors took two days to traverse nearly 1000 km....[via youtube.com]

Saudi Arabia’s PIF raises $7bn from first murabaha facility as it seeks to boost investments

Saudi Arabia's Public Investment Fund plans to raise $7 billion from its first murabaha credit facility, as the fund diversifies its funding...[By Aarti Nagraj via thenationalnews.com]

Saudi Arabia sells $12 billion 3-part bond amid strong demand

Saudi Arabia raised $12 billion from global debt markets in a three-part bond sale, attracting strong investor...[By Rachna Uppal and Enas Alashray via reuters.com]

Saudi Interior Ministry confirms ban on transferring or publishing security surveillance camera recordings

Saudi Arabia’s Interior Ministry confirmed that the provisions of the “Use of Security Surveillance Cameras” law prohibit the transfer or publication of security surveillance camera...[via arabnews.com]

Taste of 2034 World Cup as Saudi Asian Cup stadiums named

Among the venues announced Tuesday for the 24-team regional competition were the 70,000-capacity King Fahd Sports City Stadium and King Saud University Stadium, both in...[via france24.com]

Mideast Wealth Funds Spend $82 Billion to Ramp Up Bets on Post-Oil Future

That the Gulf’s various sovereign wealth funds have become some of the most dominant players in global dealmaking has rarely been in...[By Matthew Martin via bloomberg.com]

Saudi Arabia boosts desalinated water supply to 50% in Vision 2030 push

Saudi Arabia’s water sector witnessed significant shifts in 2023, with a 31 percent increase in desalinated seawater production, now comprising 50 percent of the country’s...[via azernews.az]

Saudi Arabia estimates 2025 budget funding at $37bn

Saudi Arabia will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has approved...[By Pramod Kumar via agbi.com]

Saudi Coffee Company and Alliance for Coffee Excellence launch Sip of Excellence Competition

Saudi Coffee Company has launched its second annual Saudi Sip of Excellence Competition in partnership with the global nonprofit Alliance for Coffee Excellence. Designed...[By April Hawksworth via gcrmag.com]

Saudi Arabia Plans Further Borrowing Spree to Pay for Huge Projects

Saudi Arabia, one of the largest bond issuers in emerging markets last year, has started 2025 with a funding spree as the country fuels its...[By Abeer Abu Omar and Matthew Martin via yahoo.com]

Leading Saudi Arabian airports hit passenger traffic highs in 2024

Jeddah King Abdulaziz International Airport and Riyadh King Khalid International Airport each posted record passenger traffic in 2024, reflecting the continuing strong performance of aviation...[By Dermot Davitt via moodiedavittreport.com]

Saudi Arabia Hikes Its Oil Prices to Asia as Supply Tightens

The world’s top crude oil exporter, Saudi Arabia, has raised the price of its crude loading for Asia in February by more than expected...[By Tsvetana Paraskova via oilprice.com]

Saudi Arabia Mandates USB Type-C Charging Ports for Mobile Devices

The Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) have announced that the first mandatory phase of the...[By Aayushya Ranjan via techafricanews.com]

Can Saudi’s New Milaf Cola Compete with Coca-Cola and Pepsi?: Video

In a move that has both bemused and intrigued the global beverage industry, Saudi Arabia has launched Milaf Cola, a fizzy drink made from dates....[via youtube.com]

Saudi Arabia to host Royal Rumble in 2026

WWE, in partnership with The General Entertainment Authority (GEA), on behalf of HE Turki Alalshikh, announced that the 39th annual Royal Rumble will be held in January...[via wwe.com]

Secretary Blinken’s Call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. The Secretary reaffirmed U.S. support for...[via state.gov]

Severe Storms Delay Flights in Saudi Arabia

Severe storms hit Saudi Arabia, as torrential rains and high winds delayed flights at King Abdulaziz International Airport, in Jeddah, on Monday, January 6. Severe rains,...[via news.yahoo]

YouTube - Mecca-Medina on High Alert in Saudi Arabia: Torrential Rain, Flash Floods, Dust Storms & Hail Sweep