QUOTED

Quoted

“The number of individual investment portfolios in the Saudi main stock market achieved a year-on-year growth of approximately 12 percent in the third quarter of 2024, reaching 12,755,615 investment portfolios. This figure records an increase of more than 1.32 million investment portfolios, compared to the same period in 2023, when it stood at 11,434,692 investment portfolios, according to the quarterly statistical bulletin issued by the Capital Market Authority.” Individual investment portfolios in Saudi stock market grows 12% in 3Q 2024 [Zawya]

TOP STORY

GASTAT Releases Health Status Publication for 2024

healthcare-health-hail

The General Authority for Statistics (GASTAT) released its 2024 Health Status Statistics Publication with 97.4% of adults (aged 15 and above) rating their health as good or better. [more]

 

MORE TOP STORYLINES

Who were Saudi Arabia’s biggest sports stars of 2024?

Via Mark Lomas in alarabiya.net: As the sports landscape in Saudi Arabia continues to shift and develop, more heroes than ever before are emerging across a variety of sports – their athletic achievements helping put the Kingdom on the sporting map. In a year that saw the Olympic Games take place in Paris, there were several new faces who saw their reputations explode – as well as some established names who consolidated their sporting celebrity. Here Al Arabiya English rounds up the biggest Saudi sports stars of 2024.

Saudi extends bids deadline for largest mineral belts

Via Pramod Kumar in agbi.com: Saudi Arabia has extended the deadline for submitting proposals for exploration licenses for its first mineralised belts. The extension was granted following a request from qualified bidders, seeking more time to complete the procedures, the Ministry of Industry and Mineral Resources said. In November the ministry announced 14 pre-qualified bidders for the five mineralised sites. The proposal submission deadline is now set at January 21, 2025, with the bid opening slated for February 11. The winning companies are set to be announced on February 16. In July, the ministry’s official spokesperson, Jarrah bin Mohammed Al-Jarrah, said that Jabal Sayad and Al-Hajjar are the largest mineralised belt sites – an area containing several mineral deposits.

Gulf countries call for Israel to withdraw from Syrian lands it occupied after collapse of regime

in thenationalnews.com: Gulf countries on Thursday issued a firm call for Israel to withdraw from the Syrian lands it recently occupied after taking advantage of a security vacuum following the collapse of the former regime. The call was issued at the start of an extraordinary meeting for the ministers of foreign affairs of the Gulf Co-operation Council (GCC) in Kuwait to discuss recent developments in Syria and Lebanon. “Israels attacks on Syria and occupation of the buffer zone are a flagrant violation of international laws and Security Council resolutions,” the Secretary General of the Gulf Co-operation Council Jasem Al Budaiwi said in his opening speech. Since the collapse of president Bashar Al Assad’s regime this month, Israel has bombed hundreds of weapons sites, airbases and naval assets in Syria and sent troops into a buffer zone in the occupied Golan Heights. Israeli officials have called the incursion a limited and temporary measure to ensure the security of Israel’s borders but have not indicated when the troops will be withdrawn.

 

MORE ON THE KINGDOM AND BEYOND

In a year, Saudi gifted students get 107 global awards, with over 582,000 students competing nationally.

Saudi Arabia's national teams who competed in international science and academic contests had tremendous success, winning 107 global awards across 25 events held between September...[via mawhiba.org]

 

‘Next Saudi Generation Program’ Launched to Support Saudi Talent in Motorsports

The Saudi Automobile and Motorcycle Federation (SAMF) has launched the Next Saudi Generation Program to support and develop Saudi talent in motorsports. The program, conducted in...[via spa.gov]

 

Iran FM says ties with Saudi Arabia are progressing despite gradual pace

Speaking in an interview with China Media Group (CMG), Araghchi said that the newly restored Iranian-Saudi ties have a lot of potential that haven’t been...[via alarabiya.net]

 

Milan star thanks Saudi fans for inspiring Supercoppa comeback

Milan forward Tammy Abraham has hailed the impact of the support in Riyadh as his side booked their place in the Supercoppa Italiana final. The Englishman...[via yahoo.com]

 

Major Saudi Food Company Exits Iran After 20 Years

The Saudi Arabian group SAVOLA has sold all its assets in Iran for 705 million Saudi riyals (approximately $188 million) and is exiting the country. SAVOLA,...[via iranfocus.com]

 

Cristiano Ronaldo Talks Life In Saudi Arabia, Growth Of Saudi Pro League

Since Ronaldo's arrival in the SPL, the league has grown leaps and bounds. Players like Karim Benzema, Neymar, Riyad Mahrez, Sadio Mane, and...[By Apratim Banerjee via si.com]

 

All 6 lines of Riyadh Metro operational with rollout of Orange Line

The Line 3 (Orange Line) covering Madinah Road would connect the east of Riyadh to its west, and extends from Jeddah Road in the west...[via saudigazette.com]

 

Which sporting events is Saudi Arabia hosting in 2025?

On the back of the busiest sporting year Saudi Arabia has ever had, punctuated by news of the nation’s successful 2034 FIFA...[By Mark Lomas via alarabiya.net]

 

US approves possible sale of torpedoes to Saudi Arabia: Pentagon

The State Department approves the possible sale of 20 MK 54 MOD 0 Lightweight Torpedoes to Saudi Arabia for $78.5 million, according...[via alarabiya.net]

 

Saudi Arabia Affirms Readiness To Participate In Syria’s Renaissance

Prince Faisal reiterated the Kingdom’s commitment to supporting Syria’s sovereignty, independence, and territorial integrity while emphasizing efforts to achieve security, stability, and prosperity for the...[via eurasiareview.com]

 

Saudi Arabia revises fees for seven services, including visa and Iqama renewals

The Saudi Ministry of Interior’s Absher Business platform has introduced updated fees for seven services offered to establishments, according to Okaz newspaper. Among the changes,...[via gulfnews.com]

 

Climate-driven sea level rise will overwhelm major oil ports, study shows

Rising sea levels driven by the climate crisis will overwhelm many of the world’s biggest oil ports, analysis indicates. Thirteen of the ports with the...[By Damian Carrington via theguardian.com]

 

Saudi Arabia embraces mortgage-backed securities

Saudi officials have signed a preliminary deal this week to issue residential mortgage-backed securities, a first for the Gulf. The Saudi Real Estate Refinance Company (SRC),...[By Valentina Pasquali via agbi.com]

 

Anti-corruption squad arrests Saudi government employees

Government employees were among 145 people arrested in Saudi Arabia over corruption charges last month. The country’s Oversight and Anti-Corruption Authority (Nazaha) conducted 1,462 “oversight visits”...[By Gavin Gibbon via agbi.com]

 

South African-built cars dominate the Dakar Rally in Saudi Arabia: Video

South Africa’s strong legacy at the Dakar Rally continues in 2025, with more than half of the vehicles at the event in Saudi Arabia being...[via youtube.com]

 

Saudi wages rise 45% as unemployment hits historic low of 3.3% in 2024

Wages for Saudis in the private sector rose by 45 per cent in 2024, as Saudi Arabia’s Ministry of Human Resources and Social Development...[By Khitam Al Amir via gulfnews.com]

 

UAE becomes Africa’s largest investor, overtaking China

The UAE has emerged as Africa’s largest backer of new business projects, with Emirati companies committing $110bn (£88bn) to projects between 2019 and 2023, including...[via middleeastmonitor.com]

 

The Year ahead in the Middle East: A weakened Iran has big Implications for China

For a significant period of time, Iran’s status as a rising power within the region has been regarded as a consistent reality in assessing Middle Eastern...[By Daniel Lincoln via juancole.com]

 

Trump pick for critical foreign policy role thinks Islam incompatible with the West

A staunch anti-immigrant conservative who was a spokesperson for the White House during Donald Trump's first year in office in 2017 is returning to government...[via middleeasteye.net]

 
 

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