#SAUDI News

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Watch: Houthis Shoot Down A 4th US Reaper Drone

zerohedge.com Watch: Houthis Shoot Down A 4th US Reaper Drone Yemen's Iran-linked Houthis have announced that they have shot down yet another $30 million American military drone. Footage…

Outer Edge Riyadh Wraps Up Web3 Forum Connecting Tech Enthusiasts, Creators and Creatives from All Over the World in the Kingdom of Saudi Arabia

cryptopotato.com [PRESS RELEASE – Riyadh, Saudi Arabia, May 17th, 2024] Over 700 attendees from all over the world attended the edutainment forum co-hosted by Edge of Co., Animoca Brands,…

Saudi Arabia's US Treasury holdings rise to $135.9B, ranked 17th globally

albawaba.com ALBAWABA - Saudi Arabia's holdings in US treasuries grew for an eighth month in a row, hitting $135.9 billion in March, an increase of 3.66 percent from the month prior,…

Women in Cinema Panel in Cannes to Feature Salma Abu Deif, Kiara Advani, Sarocha Chankimha (Freen), Adhwa Fahad, Aseel Omran, Ramata Toulaye-Sy

variety.com Variety will present a Women in Cinema Panel at the Cannes Film Festival in tandem with the Red Sea International Film Festival featuring top talents from Egypt, India,…

Lucid Stock Investors: Stay Away From This Dead Man Walking Stock

investorplace.com The luxury EV is dead but just doesn't know it Lucid Group (NASDAQ: ) is a perfect example of why you should not short a stock. As famed economist John Maynard Keynes once…

MAD Solutions & Arab Cinema Center Founders Alaa Karkouti And Maher Diab Talk 15 Years Of Promoting Arab Cinema: “People Told Us We Were Crazy”

deadline.com It’s a momentous Cannes for Cairo-based film professionals Alaa Karkouti and Maher Diab as they mark the 15th anniversary of the creation of marketing and distribution…

‘Art-washing’? Unease as British cultural institutions lend lustre to Saudi trade push

theguardian.com It was an unusual gig for YolanDa Brown, the saxophonist and composer who this week performed high above the clouds for a UK delegation on a private British Airways plane…

Arab Films Breaking New Ground: Buzz Titles Include ‘Aïcha,’ ‘Hijra,’ ‘Siwar’

variety.com Arab cinema continues to break new ground with a fresh crop of social dramas, several of which depict female empowerment in different forms. These range from the tale of a…

Arab Filmmakers Tackle Tensions in Society: ‘We Defy Invisibility’

variety.com Saudi Arabia leads this year’s Arab cinema contingent at Cannes with pioneering director Tawfik Alzaidi’s “Norah” launching internationally from Un Certain Regard plus a…

Jared Kushner faces backlash over new luxury hotel

newsweek.com Protests sparked in Belgrade on Thursday after the Serbian government announced it had reached a deal with Jared Kushner to develop a luxury hotel complex on the site of a…

Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com

scmp.com Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com Some heavyweight global investors may have timed their…

'Biggest barrier' to Saudi-Israeli normalization is the two-state solution, says ex-CIA director

cnbc.com A two-state solution to the Israel-Palestinian conflict is "elusive" right now, according to former CIA director David Petraeus, adding that it is also the "single biggest…

Rory McIlroy says PGA Tour is 'worse off' without Jimmy Dunne on board

apnews.com Rory McIlroy believes the potential for a deal between the PGA Tour and the Saudi backers of LIV Golf has stalled because board member Jimmy Dunne was left out of the mix,…

UK trade summit in Saudi Arabia accused of promoting firms linked to senior Tories

theguardian.com A UK government trade summit in Saudi Arabia has been criticised for helping to promote businesses linked to a string of senior Conservatives, including peers and the former…

Copper Breaches $5-Per-Pound Mark Amid Supply Constraints And Speculative Demand

thedeepdive.ca Copper futures soared to a record high of $5.13 per pound before easing to $5.05 on Wednesday, driven by mounting concerns over insufficient supply and heightened…

Front Row Snaps Up World Rights For Saudi-Emirati Family Comedy ‘Al Eid Eiden’

deadline.com The film features Saudi star Fahad Al-Butairi (Telfaz11’ Al-Khallat+, The Office, From A to B) alongside actress Emirati Meerra Al Midfa (The Monster) and Egyptian actor…

Nobody knows what Paramount chair Shari Redstone wants to do with hard-to-sell conglomerate

nypost.com You know, the voluble media executive who got Paramount shareholders all juiced up when he said he wanted to buy the company from Shari Redstone for a cool $30 billion.…

Newcastle council could be complicit in sportswashing, campaigners claim

theguardian.com Human rights campaigners have suggested Newcastle city council could be complicit in sportswashing after its executives lobbied officials at the Saudi Arabian-controlled…

Sullivan plans talks in Saudi Arabia, Israel amid tensions over Rafah

axios.com National Security Adviser Jake Sullivan plans to travel to Saudi Arabia and Israel this weekend amid the rising tensions over the Israeli military operation in Rafah, three…

Miracle at Haneda: How a Focus on Safety Culture Enabled the Great Escape

newsweek.com On January 2, 2024, Japan Airlines (JAL) flight 516 was landing at Haneda Airport in Tokyo when it collided with a Coast Guard aircraft on the runway, causing both planes to…

MBS might be ready for some 'tough conversations' about 'recalibrating' Saudi Arabia's Neom and Vision 2030 projects

aol.com None Saudi Arabia's Crown Prince is reportedly open to having "tough conversations" about Vision 2030. • None MBS might be ready to discuss which projects should proceed…

Saudi stock exchange attracts more Asian investors, Tadawul CEO says

scmp.com Investors from Asia represented more than 17 per cent of qualified foreign investor (QFI) activity on the Saudi Exchange’s main market in the first quarter of 2024,…

Not US, But UK Seeks Partnership With Saudi Arabia For Trade Deals

watcher.guru The UK is looking to be a part of Saudi Arabia’s ‘Vision 2030’ even before the US reaches out to the Kingdom. Saudi Arabia’s ambitious project Vision 2030 is attracting…

Saudi Director Shahad Ameen Shooting Female Empowerment Road Movie ‘Hijra’ With CAA Handling U.S. Sales (EXCLUSIVE)

variety.com Saudi Arabian director Shahad Ameen, whose feminist fable “Scales” made a splash after launching from Venice in 2019, is back behind the camera on “Hijra,” an ambitious…

Jimmy Dunne resigns from PGA Tour board. He feels his input is no longer needed

apnews.com Jimmy Dunne, one of the architects behind the PGA Tour's stunning reversal to strike a deal with the Saudi backers of LIV Golf, abruptly resigned Monday from the PGA Tour…

Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board

wsj.com Jimmy Dunne, an investment bank executive with deep connections inside golf, quit noting there has been ‘no meaningful progress’ in talks with LIV Golf’s Saudi backers.

Neom's push for foreign investment is getting trickier after allegations of Saudi brutality

aol.com None Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. • None But it's facing a backlash over its human rights record. • None The BBC…

Arm owner SoftBank reports £1.2bn profit as it shifts towards AI

theguardian.com The Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial…

Saudi Cannes Un Certain Regard Title ‘Norah’ Sets French Distribution With Nour Films

deadline.com Paris-based Nour Films has acquired French rights to Saudi director Tawfik Alzaidi’s first feature Norah ahead of its world premiere in the Cannes Film Festival’s Un Certain…

10 Sunday Reads

ritholtz.com Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Modern Curse of Overoptimization: My current working definition of…

China-Middle East link is creating an ‘untapped world’ of investment potential, MSCI director says

scmp.com As the relationship between China and the Middle East continues to deepen, capital market investors will be presented with more financial products and investment…

KFSH&RC Strives to Pioneer in Maximizing Healthcare Spending Value

benzinga.com RIYADH, Saudi Arabia, May 11, 2024 (GLOBE NEWSWIRE) -- Dr. Majid Al Fayyadh, CEO of King Faisal Specialist Hospital and Research Centre (KFSH&RC) joined the Gulf Creatives…

How a Hong Kong-backed Saudi online trading app became a ‘massive success’

scmp.com The app has seen “massive success”, driven by innovative app design and some promotional initiatives, according to Steven Chou, the chairman of Sahm Capital. A Hong…

Was Sam Bankman-Fried Proven Right About FTX’s Solvency?

coindesk.com Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. This is an excerpt from…

Fact Check: Was Osama bin Laden's family plagued by plane accidents?

newsweek.com It's been 13 years since Al-Qaeda founder and 9/11 mastermind Osama bin Laden was killed by U.S. Navy Seals in a compound in northern Pakistan. The mass murderer, whose…

Construction restarts on world's tallest skyscraper

newsweek.com After years of delays, construction on the Jeddah Tower, set to become the world's tallest building, resumed this week in Saudi Arabia. Formerly known as Kingdom Tower, the…

Satellite images show progress at world's biggest construction site

newsweek.com In the northwest corner of Saudi Arabia, construction is underway on a megaproject that promises to one day house more people than New York City, spread across a vertical…

Energy CEO said he canceled a $100M contract with Neom when he realized the Saudis were bulldozing villages to make space

businessinsider.com The planned design for The Line in Neom. Neom Malcolm Aw said he pulled out of a Neom contract because of alleged Saudi human rights abuses. The CEO of Solar Water told BI…

Neom's planners are reportedly worried people won't want to live at the bottom of a 1,640-foot horizontal skyscraper

aol.com None Neom planners are worried about The Line as costs skyrocket, The Wall Street Journal reported. • None Planners are reportedly concerned the horizontal skyscraper's…

SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips

fortune.com SoftBank Group Corp.’s flagship Vision Fund has quietly sold off or written down billions of dollars’ worth of its publicly-listed holdings in recent years, a sign of…

Exclusive

scmp.com China’s Kuaishou aims to replicate model in overseas expansion plan with focus on Middle East, Brazil and Southeast Asia Kuaishou Technology, China’s second-largest short…

SoftBank Sells Off Vision Fund Assets as Son Pivots to AI, Chips

finance.yahoo.com SoftBank Group Corp.’s flagship Vision Fund has quietly sold off or written down billions of dollars’ worth of its publicly-listed holdings in recent years, a sign of…

McIlroy says he and Adam Scott also involved in Saudi meetings

apnews.com Rory McIlroy and Adam Scott are joining Tiger Woods on the subcommittee directly involved in negotiating with the Saudi backers of LIV Golf, an addition to what the PGA Tour…

Saudi bourse operator Tadawul to benchmark reforms on HKEX experience

scmp.com Saudi Tadawul rates HKEX highly, saying it has ‘learned a lot’ from the Hong Kong bourse operator The Saudi stock exchange will weigh its reforms against the likes of the…

The Israel-Hamas War

newsweek.com Seven months ago this week, Hamas broke through what was thought to be an impenetrable barrier separating Gaza from Southern Israel. The result was an earthly-version of…

Biden, the arms supplier

reason.com No more! Earlier this week, some 3,500 bombs that were meant to be delivered to Israel did not actually make it there. President Joe Biden, long a major arms supplier to…

Exiled Saudi colonel says forces were authorized to kill villagers who refused to make way for The Line in Neom

aol.com May 9, 2024 at 6:53 AM • None An exiled colonel told BBC News that Saudi Arabia authorized lethal force to clear land for Neom. • None The Huwaitat tribe primarily occupied…

Telefonica earnings hit $3.4 billion in Q1 amid merger between Spanish rivals Masmovil and Orange

fortune.com Telefonica SA reported first-quarter profit that matched analysts’ estimates and said it’s on track to meet its guidance this year. First-quarter adjusted earnings before…

Hong Kong woos Saudi money in attempt to revive stock market

japantimes.co.jp Hong Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. The Saudi Tadawul Group and Hong Kong…

Hong Kong works on an ETF of HKEX stocks for Tadawul exchange in push for collaboration with Saudi Arabia

scmp.com “We are working with several financial institutions on the listing of [the] ETF,” Wong said during the forum at the Connect Hall of Hong Kong Exchanges and Clearing Limited…

China Blasts US For Talking Gaza "Ceasefire While Pouring In Weapons"

zerohedge.com China Blasts US For Talking Gaza "Ceasefire While Pouring In Weapons" First the Ukraine war and now the Gaza conflict... China increasingly finds itself the leader of the…

Tiger Woods to be lone player on negotiating committee with Saudis

apnews.com Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as…

A US ally is forging ties with China's air force but probably won't get its J-20 stealth fighter

businessinsider.com China's J-20 stealth fighter is probably not in the offing for the United Arab Emirates Air Force. Wan Quan/Getty Images The UAE is boosting ties with China's air force. It…

The real science behind the billionaire pursuit of immortality

vox.com Jonathan An tries to ignore the hype about new life-extension treatments, but it’s caught up to him anyway. He has heard the gospel of the longevity influencers, including…

Telfaz11 & New Distribution Label Metis Films Partner On UK & Ireland Release Of Saudi Hit ‘Mandoob’

deadline.com Rising Riyadh-based independent studio Telfaz11 and newly launched UK distribution label Metis Films are partnering to release Saudi hit Mandoob in the UK and Ireland. The…

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