QUOTED

Quoted

“To reconstruct a Palestinian state, yes. To reconstruct a territory that the Israelis might destroy again in a matter of years, I don’t think that would be a sensible thing to do.” Prince Khalid bin Bandar bin Sultan Al Saud, Saudi Arabia’s ambassador to the UK, Reconstruction and rivalries: What to expect from Saudi Arabia’s Gaza summit [Middle East Eye]

TOP STORY

Saudi Founding Day celebrated on Saturday, February 22

Diriyah, Founding Day

First observed in 2022, Saudi Founding Day is celebrated every February 22nd in honor of Imam Muhammad ibn Saud becoming the emir of Diriyah in 1727. [more]

 

MORE TOP STORYLINES

Saudi Arabia unveils new Saudi riyal symbol, design derived from Arabic calligraphy

Via Tamara Abueish in alarabiya.net: Saudi Arabia on Thursday unveiled a symbol for the Saudi riyal approved by King Salman bin Abdulaziz, the Saudi Press Agency (SPA) reported, citing the Saudi Central Bank (SAMA). The reveal of the Saudi riyal symbol is a historic move that is set to reinforce the Saudi currency’s identity, according to the report. The Saudi riyal symbol “embodies the Kingdom’s rich cultural heritage, carrying the name of the national currency ‘Riyal’ in a design derived from Arabic calligraphy,” SPA said. The implementation of the new symbol will be gradual for financial and commercial transactions, with coordination across all relevant entities, al-Sayari added. The initiative aims to promote national identity and cultural belonging, highlight the role of the national currency, and showcase the Kingdom among major global economies and G20 members, SPA reported. The governor acknowledged all departments involved in the symbols development project led by SAMA, including the Ministry of Culture, the Ministry of Media, and the Saudi Standards, Metrology and Quality Organization.

Saudi crown prince invites leaders of GCC, Jordan, Egypt for informal meeting in Riyadh

in arabnews.com: Saudi Crown Prince Mohammed bin Salman has invited the leaders of Gulf Cooperation Council countries, Jordan, and Egypt for a meeting in Riyadh on Friday, an official source stated on Thursday. The informal gathering follows similar meetings that have been held periodically for many years between the leaders of GCC countries, Jordan, and Egypt, enhancing cooperation and coordination. “Joint Arab action and any relevant decisions will be included in the agenda of the upcoming Extraordinary Arab Summit, which will be held in Egypt” on March 4, the source added.

Saturday's $20 million Saudi Cup could be years best race

Via Robert Kieckhefer in upi.com: Saturdays $20 million Saudi Cup is not only the richest race in the world, but also, potentially, this years best. And that 1 1/8 miles is only the capper on a program that has stars from around the globe competing from sprints to marathons, on dirt and on turf. The question of the day is: Can Romantic Warrior, the Hong Kong superstar already ranked as the top money-earner in Thoroughbred history, transition successfully from turf to the dirt surface at King Abdulaziz Racecourse? If he can, even the opposition reckons him a good bet to earn his 11th Group 1 victory in a fifth nation and push his earnings over the $33 million mark. The undercard has runners who have competed in the worlds top races, including last years winner, Remake; reigning Breeders Cup Sprint winner Straight No Chaser; and Japan Cup runner-up Shin Emperor. The Saudi Derby has several contenders who could go on to the UAE Derby and the Run for the Roses.

 

MORE ON THE KINGDOM AND BEYOND

Inside the ‘camouflaged’ Desert Rock Resort: Saudi Red Sea destination draws global tourists at $3,200 per night

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]

 

CEDA reviews role of reforms in diversification of economy and surge in non-oil revenues

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]

 

Why Saudi cash hasn’t been able to turn Newcastle into a soccer superpower

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]

 

Trump’s Middle East Policy and Its Impact on Saudi Arabia

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]

 

Saudi crown prince congratulates Mark Carney on confirmation as Canada PM

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]

 

Saudi Arabia launches crackdown on ‘immoral acts’ amid social reforms

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]

 

Saudi Arabia, Indonesia to ink MoU to resume hiring domestic workers

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]

 

Saudi Arabia records 23,865 violations in nationwide residency and labor law inspections

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]

 

Saudi Arabia unveils plans for Global T20 League with $500M investment

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]

 

Crown Prince launches Saudi Architecture Characters Map to celebrate Kingdom’s architectural heritage

The Saudi Architecture Characters Map highlights 19 architectural styles inspired by geographical, natural and cultural characteristics, derived...[via saudigazette.com]

 

Saudi Arabia launches loan guarantees for SMEs to stimulate investment in environmental projects

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]

 

Hamas says it is investigating possible error over hostage body

Hamas said on Friday it was investigating a possible error in identifying human remains handed to Israel...[By James Mackenzie and Jana Choukeir via reuters.com]

 

Prospect of Russia-US deal raises alarm in Iran’s pro-reform camp

In Iran, pro-reform and moderate media are expressing deep concern about the Saudi-brokered talks between Russia and the US. Many fear that Iran could become...[via amwaj.media]

 
 

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