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Former British chancellor Philip Hammond launched a consulting business after leaving government. His company made £274,525 providing advice on fiscal and economic reforms to Bahrain, £68,631 for advising the Saudi Ministry of Finance, and £6,250 from Kuwait’s sovereign wealth fund.
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Saudi Arabia has declared the year 2024 would be officially known as the “Year of Camels” 🐪
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Saudi Arabia’s nuclear research reactor is almost complete. Argentine company Invap, which built the reactor, has finished the fuel and is ready to ship it to the kingdom.
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Saudi media giant MBC will go public, listing 10% of its shares on Tadawul after the IPO plan was approved by the CMA. The government owns 60% of the company.
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Signal is essential, but keeping the E2E encrypted messaging app up and running is expensive: the non-profit spends nearly $33 annually, with cost expected to rise to $50 by 2025.
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Iranian President Ebrahim Raisi is expected to travel to Riyadh this Sunday for an extraordinary Islamic leaders summit to discuss the Gaza crisis. This would be his first visit to Saudi Arabia since the two countries agreed to restore diplomatic relations.
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Half-way to Vision 2030: PwC report card on Saudi Arabia’s progress towards key reform goals.
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Take a closer look at the Saudi Pro League’s attendance numbers and a pattern emerges: fans in provincial cities do not identify with their domestic club, but instead choose to support the Big Four teams now funded by the PIF.
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Spent some time this morning reading Caryle Murphy’s Pulitzer-winning dispatches from Kuwait at the start of the Iraqi invasion in 1990. For the first month of the war, she was the only American newspaper reporter in the country until she managed to escape to Saudi Arabia.
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The Asian Football Confederation rules that Iran’s Sepahan forfeited their game against Saudi side al-Ittihad in the AFC Champions League after keeping statues of Qassim Soliemani in the ground. The club ordered to pay a $200,000 fine and banned from playing their next 3 home games in Isfahan.
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Dubai-based television network OSN, which exclusively owns MidEast rights for HBO programming, edits a segment from John Oliver’s show about McKinsey including their work for Saudi Arabia.
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Saudi Arabia launches national donation campaign for Gaza after three weeks into the conflict. Meanwhile, a British Muslim actor who wore a keffiyeh while visiting Mecca in said authorities there had briefly detained him, interrogated him and confiscated the scarf.
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FIFA chief Gianni Infantino confirms on Instagram that Saudi Arabia will host the 2034 World Cup after what he described as “constructive dialogue and extensive consultation.”
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Australia will not bid for the 2034 World Cup, clearing the way for Saudi Arabia to host the tournament.
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“As an American Jew, you’re safer in Saudi Arabia right now than you are on a college campus like Columbia University,” Jared Kushner says.
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Saudi officials have firmly warned the US in recent days that an Israeli ground incursion into Gaza could be catastrophic.
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Saudi Arabia says the show must go on even as the region reels from the war in Gaza.
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Saudi Arabia confirms intention to bid for the 2034 World Cup.
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Saudi oil revenues this quarter are likely up by nearly $30 million a day compared with April-June, an increase of about 5.7%. For the whole three-month period, that would equate to about $2.6 billion.
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Over the past 18 months, aggrieved former players filed 21 complaints to FIFA about contractual disputes with Saudi clubs. FIFA ruled in favor of the player involved in each one of them. Total ordered to be paid out to players tops $16 million.
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Kuwait orders all restaurants and cafés in the country to offer customers free filtered tap water and not force them to buy bottled water. Rest of GCC should do this or at least give customers a choice between local and imported bottled water brands.
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$957 million <– Saudi Pro League’s spending on players this summer, second highest in the world behind only the English Premier League’s $1.39 billion 🇸🇦💵 (Deloitte)
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Revenue from PwC’s Saudi consulting business rose by about 40% to nearly £1.5 billion, helping the firm’s UK partners avoid a significant drop in pay as rising costs dented profits.
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“In the early days of social media, founders invited their friends. Who invited their friends. And on it went. The networks grew slowly, organically, and with a level of density that is under-appreciated.” —danah boyd
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Saudi Arabia’s sovereign wealth fund launches SRJ, a company that will invest in acquiring and creating new sports events IP, commercial rights of popular sports competitions and hosting major global events in the kingdom.
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