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QUOTED
“We admire the development in Gulf countries, particularly Saudi Arabia’s bold plans and vision, and we aspire to achieve similar progress for Syria. There are many opportunities for cooperation, especially in economic and developmental areas, where we can align our goals.” Ahmed Al-Sharaa, head of the new Syrian administration, Saudi delegation led by Royal Court advisor meets with Syria’s Al-Sharaa [Arab News]
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TOP STORY
The 2024 King Abdulaziz Falconry Festival, which featured a prize pool of more than $9.6 million, the largest in the history of the event, concluded on Thursday. [more]
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MORE TOP STORYLINES
Via Aziz Alghashian in mei.edu: The Saudis have taken an important step by establishing and leading a global alliance devoted to implementing the two-state solution. What Saudi Arabia has done is create a new focal point and generate momentum upon which other states can gradually build. Notably, the alliance held its first meeting in Riyadh, lending a great deal of symbolic authority to this push for peace. With that said, the world has been here before. There have been peace initiatives and “pushes” toward resolution before, but none has reached the desired end goal. While there are many reasons for this, one is a lack of sustained effort to maintain the momentum moving in the direction of a two-state solution. This then raises the question of how a coalition supporting the establishment a two-state solution or any other peace process can be sustained — what is missing? One element that may be absent is diversification within the processes leading to the two-state solution.
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Via Laura Rozen in substack.com: American diplomats, on their first visit to the Syrian capital in 12 years, met with a Syrian rebel leader in Damascus today, two weeks after his group ousted Syrian dictator Bashar al-Assad. They said they were lifting a $10 million U.S. bounty on Ahmed al-Sharaa, the leader of Turkish-backed Hayat Tahrir al-Sham (HTS) and now Syria’s de facto interim ruler, after he committed to Syria not being a host for terrorist groups. “Based on our discussion, I told him we would not be pursuing the Rewards for Justice reward offer that has been in effect for some years,” Assistant Secretary of State Barbara Leaf told journalists from Amman, Jordan today, after returning from Damascus with a delegation that included US hostage envoy Roger Carstens and senior State Department Syria advisor Daniel Rubinstein. “The US is committed to working with the Syria people to help seize this historic opportunity,” Leaf said of her meeting with al-Sharaa. “We also discussed the critical need to ensure terrorist groups cannot pose a threat inside of Syria or externally, including to the US and our partners in the region.”
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Via Jennifer Bell in alarabiya.net: The Riyadh Metro is opening in three phases. The Blue Line, which is 38 kilometers (24 miles) long, was one of the first lines to partially open, alongside the Yellow and Purple Lines, and runs north to south through Downtown Riyadh. The Red and Green Lines launched on December 15, while the Orange Line is scheduled to open by January 5, 2025. “Alternative means of transport outside of cars are necessary. Riyadh is gridlocked,” Nazar Musa, CEO at Sovereign PPG KSA, told Al Arabiya English. “Public transport solutions are crucial to ease traffic flow around the city.” The entire project features six color-coded lines spanning 176 kilometers with 85 stations, making it one of the largest urban transport projects currently operational in the world. Forty percent of the tracks run underground, facilitating smoother journey times across the Kingdom. The system features 183 train rakes manufactured by Siemens, Bombardier, and Alstom, establishing itself as the world’s longest driverless metro network. The fully automated operation represents a significant technological leap for the region’s public transportation infrastructure.
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MORE ON THE KINGDOM AND BEYOND
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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]
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Dakar Rally drivers and riders recount Stage 2 of the event, where competitors took two days to traverse nearly 1000 km....[via youtube.com]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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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]
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As rebels advanced toward the Syrian capital of Damascus on Dec. 7, the staff in the hilltop Presidential Palace...[By Ben Hubbard, Farnaz Fassihi, Christina Goldbaum and Hwaida Saad via nytimes.com]
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Sidelined under conservative Ebrahim Raisi’s presidency (2021-24), Iran’s pro-reform camp is gaining momentum under Masoud Pezeshkian. Amid growing domestic and foreign policy challenges—including an economic...[via amwaj.media]
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The implementation of a controversial new law which mandates stricter enforcement of the Islamic dress code has been put on hold by Iran’s Supreme National...[via amwaj.media]
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Already the largest trade counterpart of the United Arab Emirates (UAE) in South America, Brazil is emerging as a key security partner and a promising...[By Francesco Salesio Schiavi via amwaj.media]
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