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QUOTED
“Suppliers in the Middle East will find themselves competing with producers in Asia, and particularly China, as exports are redirected from the US to other markets, increasing competition in the region.” Kaye Ayub, head of price analysis at the UK steel market insights company MEPS International, What Trump’s steel tariffs mean to the Middle East [Arabian Gulf Business Insight]
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TOP STORY
Sotheby’s inaugural auction in Saudi Arabia which was also the kingdom’s first major international art and luxury auction, took place in Diriyah this weekend and included works by regional and Saudi artists. [more]
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MORE TOP STORYLINES
in saudigazette.com: In his keynote speech, Alswaha emphasized that these significant investments and initiatives were made possible through the support and empowerment of Crown Prince and Prime Minister Mohammed bin Salman. These initiatives aimed to enable the technology sector and accelerate Saudi Arabia’s transition toward an innovative and sustainable AI-driven economy, in line with Vision 2030 objectives. Al-Swaha said that the region is witnessing rapid transformations in the digital economy sector, as it has grown by 73 percent to reach $260 billion, with Saudi Arabia accounting for 50 percent of this growth, making it one of the leading countries in this field. The number of technical specialists has increased from 150,000 to 381,000, reflecting Saudi Arabia’s rapid growth in the fields of technology and innovation. Al-Swaha highlighted the importance of bridging the digital gap between nations during what has become known as the “smart era,” and explained the role the Kingdom plays in empowering women in the field of technology. “In the smart era, the gap between the Global North and South will grow and worsen, as only one to two billion people are expected to join this exclusive club, while 6.5 billion people will be left behind by 2030.”
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Via Hassan Al-Mustafa in arabnews.com: However, it is often overlooked that Saudi Arabia is not an emotional state and its policies are not based on reactive measures. Instead, the country operates according to a strategic vision that prioritizes its national security first and the broader Arab national security second. Consequently, Riyadh has not limited itself to narrow calculations but has instead considered the larger context of the Middle East. It recognizes the genuine threat posed by aggressive Israeli policies, understanding that the destruction of Gaza, assaults on the West Bank and the displacement of Palestinians will not lead to peace. Rather, these actions are likely to foster further extremism and violence, potentially creating a new generation that is willing to take up arms against Israel — not only within the Occupied Territories but also among sympathizers from various countries around the world, which could lead to wider conflicts.
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Via Nick Vivarelli in variety.com: Saudi filmmaker Abdulaziz Alshlahei’s drama “Hobal” about clashes between tradition and modernity within a Saudi family during the early 1990s is scoring mightily at the Saudi Arabian box office, outperfoming Hollywood titles such as “Mufasa: The Lion King,” “Flight Risk” and “Den of Thieves 2: Pantera.” The timely film in which a Saudi family is forced by its grandfather to live in isolation in the desert at the outbreak of the 1990 Gulf War, when a young girl falls ill, prompting her mother to fight the patriarchy to try and save her child, is striking a deep chord with Saudi audiences. “Hobal” has now pulled more than 500,000 admissions since its Jan. 2 release via distributor Qanwat Group, racking up a handsome roughly $5.7 million take to date, according to figures from the Saudi Film Commission which compiles Saudi box office numbers.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia‘s Red Sea Global’s newest ultra-luxury offering, Desert Rock Resort, has quickly established itself as a global draw since...[By Tala Michel Issa via arabianbusiness.com]
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The report sheds light on financial performance during the fourth quarter of last year, including revenues, expenditures, and public debt indicators. It highlighted a 21...[via com.sa]
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Unlike Abu Dhabi-backed Manchester City, which has dominated English soccer over the past decade, and Qatari-backed Paris Saint-Germain, which has done likewise in France, it...[By James Robson via apnews.com]
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Trump’s renewal of the maximum pressure campaign could lead to rising tensions in the Gulf after a brief period of relative stability. The Saudis remember...[By Sultan al-Amer via newlinesinstitute.org]
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Saudi Arabia's Crown Prince Mohammed bin Salman congratulated Mark Carney on Friday, on the occasion of the formation of the new government headed by him...[via arabnews.com]
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Saudi Arabia has arrested more than 50 people, including 11 women on prostitution charges, in a new crackdown on “immoral acts” amid ongoing social and...[via middleeastmonitor.com]
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Saudi Arabia and Indonesia are set to sign a memorandum of understanding (MoU) to facilitate the recruitment of domestic workers from Indonesia to Saudi...[via argaam.com]
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The Ministry of Interior conducted inspection campaigns across Saudi Arabia between March 6 and March 12 to ensure compliance with residency, labor, and border security...[via saudigazette.com]
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Saudi Arabia is set to launch a groundbreaking global Twenty20 league, backed by its $1 trillion sovereign wealth fund. Spearheaded by Australian cricket figure Neil Maxwell,...[via geosuper.tv]
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The Saudi Architecture Characters Map highlights 19 architectural styles inspired by geographical, natural and cultural characteristics, derived...[via saudigazette.com]
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Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadley witnessed on Sunday the signing of an agreement between the Environment Fund and the Small and...[via saudigazette.com]
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Developer Diriyah Company — backed by Public Investment Fund — secured $1.6 billion in financing to develop the Wadi Safar project, an upscale residential...[By Kelsey Warner via semafor.com]
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The United States will keep attacking Yemen's Houthis until they end...[By Phil Stewart, Mohammed Ghobari and Gabriella Borter via reuters.com]
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Improvements in the availability and quality of digital infrastructure and services have yet to impact productivity growth in the Gulf economies...[By Valentina Pasquali via agbi.com]
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CERAWeek, the annual gathering of the energy elite in Houston, Texas, is an intense crash course in the state of world...[By Frank Kane via agbi.com]
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Between 10am and 4:30pm on March 11 the tariff rate on Canadian aluminium and steel imports to the US was hiked...[By Robin Mills via agbi.com]
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S&P Global Ratings has raised Saudi Arabia’s credit rating for the first time in two years, citing the country’s economic...[By John Benny via thenationalnews.com]
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Flummoxed by mixed messages coming from the Trump administration, historic deep distrust of the U.S. especially after Trump in 2018 quit the Iran nuclear deal,...[By Laura Rozen via substack.com]
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After seemingly giving his blessing to talks with the US, Iran’s supreme leader is questioning the value of negotiations with the Donald Trump administration. The...[via amwaj.media]
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