QUOTED

Quoted

“The dictionary documents both the tangible and intangible heritage associated with camels. This guide will serve as a treasure trove of knowledge for future generations.” Abdullah Al-Vashmi, Secretary General, The King Salman Academy of Arabic Language, Saudi Arabia publishes camel vocabulary guide [Azer News]

TOP STORY

Saudi’s ‘Year of the Camel’ draws to a close

Year of the Camel, 2024

Saudi Arabia named 2024 The Year of the Camel to promote international cultural exchange and highlight the traditional and ongoing relationship between Saudi society and camels.   [more]

 

MORE TOP STORYLINES

Saudi Arabia’s FDI Inflows Drop, Setting Up Tough Fourth Quarter

Via Laura Gardner Cuesta in yahoo.com: FDI inflows dropped 8% quarter-on-quarter to 18 billion riyals ($4.8 billion) in the three months through September and were also down from a year ago, according to data released Monday by the Saudi General Authority for Statistics. The tally brings inflows to $14.5 billion for the first nine months of 2024. That’s below year-ago levels and just half way to reaching the government’s target of $29 billion in 2024. To meet that goal, Saudi Arabia would need one of its biggest quarterly hauls ever for foreign investment. Saudi Arabia aims to quadruple FDI inflows to $100 billion by 2030 as it seeks to share some of the financial burden of spending on its economic diversification plan. Crown Prince Mohammed Bin Salman’s government also sees foreign expertise as critical to training the local population in new industries like technology and minerals exploration and catalyzing growth in those sectors.

Saudi Arabia's final IPO for 2024 - AlMoosa Health - rakes in 408.7% retail over-subscription

in gulfnews.com: Saudi Arabia’s stock market has closed 2024 on a high, going by the response the final offering has garnered. The retail subscription for AlMoosa Health pulled in 395,986 investors subscribing at SR127 a share – and generating a retail tranche oversubscription of a substantial 408.71%. The total retail demand came to SR1.4 billion. The retail tranche had 2.66 million shares, or 20% of the total offer size. This is the second IPO from a Saudi healthcare company this year. (The Dr. Soliman Abdel Kader Fakeeh Hospital Co. was the earlier one.)

Eminem Provided ‘Epic’ Opening to Saudi Arabia’s Massive Mdlbeast Soundstorm Music Festival That is Creating Inroads For Saudi Artists, Says Event Chief

Via Nick Vivarelli in variety.com: This year’s Dec. 12-14 edition of Soundstorm – which started out in 2019 as an electronic dance music festival – featured over 200 international artists spanning rap, rock, pop, and house music. It marked Soundstorm’s strongest lineup thanks to chart-topping artists such as EminemLinkin Park, and rock bands including Thirty Seconds to Mars and U.K. trio Muse, as well as hip-hop stars like Russ, G-Eazy, J.I.D., and Busta Rhymes, to name a few. Along with a host of top Arabic acts such as Lebanese artist Elissa, Syrian singer Nassif Zeytoun, and Saudi DJ and producer Cosmicat. Variety spoke to Mdlbeast CEO Ramadan Alharatani about how he attracted bigger acts from the U.S. such as Eminem who, making his first appearance in Saudi Arabia, performed his hit “Love The Way You Lie” for a crowd of more than 100,000 fans.

 

MORE ON THE KINGDOM AND BEYOND

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

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US approves possible sale of torpedoes to Saudi Arabia: Pentagon

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Saudi Arabia Affirms Readiness To Participate In Syria’s Renaissance

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

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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

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

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Saudi Arabia to host 2026 Gulf Cup

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Clampdown begins on Saudi’s unlicensed hospitality

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Window closing for Gaza hostage-ceasefire deal before Trump takes office

Israeli and U.S. officials involved in the negotiations for a ...[By Barak Ravid via axios.com]

 
 

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