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QUOTED
“An Iridium study of 350 active emerging markets funds, which manage more than $400 billion, has found that only about 56 percent have invested in Saudi Arabia and the UAE – signalling the untapped potential.” Gulf CEOs urged to conquer fear of earnings call [Arabian Gulf Business Insight]
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TOP STORY
Saudi Arabia reaffirms its $500 million pledge to the Global Polio Eradication Initiative (GPEI) in a signing event during the fourth Riyadh International Humanitarian Forum. [more]
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MORE TOP STORYLINES
in defense.gov: Defense Secretary Pete Hegseth today highlighted the importance of the partnership between the U.S. and Saudi Arabia while hosting that countrys defense minister during a bilateral engagement at the Pentagon. Referencing the cooperation that took place between the countries during Trumps first administration, Hegseth pointed out that both nations worked together to pursue security and stability in the Middle East, as well as to combat terrorism in the region and increase mutual prosperity. Today, our relationship is a critical center of gravity in a very turbulent world, he added. Stating that ending the war in Ukraine is one of the presidents top priorities, Hegseth said he wanted to thank the Saudi Kingdom for hosting conversations between top U.S. and Russian officials in Riyadh, Feb. 18, 2025. And I also want to continue deepening and strengthening our partnership to pursue security and prosperity for both Americans and Saudis. So, Im very much looking forward to a great discussion, Hegseth said.
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Via Khitam Al Amir in gulfnews.com: The 41-article regulation, which took effect on Friday, marks a significant step in the kingdom’s ongoing legal reforms, reinforcing women’s rights, marital laws, and child custody provisions in line with broader judicial modernisation efforts. Under the new rules, unapproved marriage contracts will now be subject to a structured review, led by the Minister of Justice and other authorities. The ministry has also been granted authority to introduce additional regulations as needed based on evolving judicial applications. The Personal Status Law is one of four key legal frameworks announced by the Crown Prince in February 2021, alongside the Civil Transactions Law, Penal Code for Discretionary Sanctions, and Law of Evidence. Together, these reforms enhance judicial transparency, expand individual rights, and bring Saudi Arabias legal system closer to international standards.
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Via Hatem Alzahrani in agsiw.org: American culture has long found a welcoming audience in Saudi Arabia. Hollywood films, bestselling novels, and global music icons have shaped Saudi perspectives on the world. Yet, culture is not a one-way street. Over the past few years, Saudi Arabia has emerged not just as a consumer of culture but as a global cultural contributor. This shift is evident in the unprecedented international presence of Saudi creatives. Solo U.S. exhibitions, such as Ahmed Mater’s “Symbolic Cities” and Abdulnasser Gharem’s “Hospitable Thoughts,” have challenged outdated narratives and placed Saudi contemporary art at the heart of the global artistic conversation. Meanwhile, Saudi cinema is undergoing a renaissance, led by studios such as Telfaz11, whose productions capture authentic Saudi stories that have long been absent from the international screen. With Saudi Arabia now boasting the world’s fastest-growing box office, it is on a path to become a powerhouse in the global film industry. Saudi music, too, is making its mark. The Saudi National Orchestra and Choir’s historic performance at the Metropolitan Opera House in September 2023 introduced New York audiences to the kingdom’s rich and multifaceted musical traditions and showcased its deep connections with the global music scene.
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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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Syria's interim president said on Tuesday his country had a "historic opportunity" to rebuild, addressing a national...[By Timour Azhari via reuters.com]
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Israeli bulldozers have demolished large areas of the now virtually empty Jenin refugee camp and appear to...[By Ali Sawafta via reuters.com]
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The European Union continues to strive to reduce its dependence on Russian natural gas by significantly increasing its purchases of liquified natural gas (LNG)...[By Nikolay Kozhanov Saban Kardas and Saban Kardas via amwaj.media]
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A "doomsday" vault storing food crop seeds from around the world in man-made caves on a remote...[By Louise Rasmussen and Anna Ringstrom via reuters.com]
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