{"id":82714,"date":"2023-12-12T00:00:00","date_gmt":"2023-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=82714"},"modified":"2025-12-14T17:11:51","modified_gmt":"2025-12-14T17:11:51","slug":"high-drama-surrounds-the-kingdoms-pursuit-of-golf-tennis","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/high-drama-surrounds-the-kingdoms-pursuit-of-golf-tennis\/","title":{"rendered":"High drama surrounds the Kingdom\u2019s pursuit of golf, tennis"},"content":{"rendered":"<section id=\"82716\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82716\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/its-crunch-time-at-cop28\/\">\r\n                            It\u2019s crunch time at COP28                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/its-crunch-time-at-cop28\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The sale was fully covered in the first hour of the bookbuilding period. Some 90% of the offering is earmarked for institutions, with individual investors set to place bids after the offering is priced today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- OPEC\u2019s top Arab energy ministers are in Doha<\/strong> for day two of the <a target=\"_blank\" href=\"https:\/\/www.oapecorg.org\/Home\/Activities\/Seminars-and-Conferences\/Arab-Energy-Conferences\/12-Arab-Energy-Conference\" style=\"\" rel=\"noopener\">Arab Energy<\/a><a target=\"_blank\" href=\"https:\/\/www.oapecorg.org\/Home\/Activities\/Seminars-and-Conferences\/Arab-Energy-Conferences\/12-Arab-Energy-Conference\" style=\"\" rel=\"noopener\">Conference<\/a>. Energy Minister Prince Abdulaziz bin Salman flew into Doha from Dubai, where he was attending COP28. Also joining are ministers from Iraq, Kuwait, Algeria, Libya as well as Oman, which is not an OPEC member. UAE Energy Minister Suhail Mohamed Al Mazrouei is not expected to attend. The conference is organized by the Organization of Arab Petroleum Exporting Countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#3- Nato<\/strong><strong> Secretary General <\/strong><strong>Jens Stoltenberg will arrive in <\/strong><strong>town for a two-day visit<\/strong>. On the agenda: meetings with Defense Minister Prince Khalid bin Salman and other high-level officials, <a target=\"_blank\" href=\"https:\/\/www.nato.int\/cps\/en\/natohq\/news_221180.htm\" style=\"\" rel=\"noopener\">Nato said in a statement<\/a>. He\u2019ll appear tomorrow at a discussion at Saudi Arabia National Defense University.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#4- It\u2019s crunch time on the final day of COP28 in Dubai<\/strong>,where fierce divisions over a draft agreement could still see the conference going into overtime. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sticking point: <\/strong>It\u2019s all about oil and gas, as we\u2019ve been reporting since last week. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/84328821-cb57-4ab3-8123-b5dc76584b23\/\" style=\"\" rel=\"noopener\">Tense<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/84328821-cb57-4ab3-8123-b5dc76584b23\/\" style=\"\" rel=\"noopener\">negotiations<\/a> have resulted in a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/new-cop28-draft-text-does-not-mention-phase-out-fossil-fuels-2023-12-11\/\" style=\"\" rel=\"noopener\">draft agreement<\/a> that would commit countries to \u201creducing\u201d the consumption and production of fossil fuel use in a \u201cjust, orderly and equitable manner\u201d to achieve net zero \u201cby, before, or around\u201d 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There won\u2019t be a blanket call to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-11\/cop28-uae-s-presidency-floats-reduction-of-fossil-fuels-by-2050?srnd=premium-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">triple renewable energy production<\/a><\/strong>, instead presenting it as an \u201coption\u201d and not a \u201cprescribed step,\u201d alongside doubling energy efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It would be the first time a COP agreement calls for a reduction in the use <\/strong>of oil and gas, but falls far short of the \u201cphase out\u201d language sought by European negotiators and a group of small island nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On one side: Saudi Arabia and most other Arab oil producers<\/strong>, who are flatly opposed to calls to phase out hydrocarbons. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the other:<\/strong> The draft agreement is \u201cunacceptable \u2026 We will not go silently to our watery graves.\u201d \u2013John Silk, minister of natural resources and commerce, Marshall Islands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens now: <\/strong>Delegates from each participating country are lobbying and being lobbied on the final language, with the EU, small nations, and the United States firmly in one camp, and Saudi and producing countries in the other. If there\u2019s no agreement today, talks go into overtime. Under UN rules, <strong>any single country can block the adoption of the agreement.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Need to go deeper?<\/strong><a target=\"_blank\" href=\"http:\/\/climate.enterprise.news\/\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a> has the lowdown, calling the draft agreement a \u201cmixed bag of compromises.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The US Federal Reserve begins its two-day policy meeting today<\/strong> where for the first time in almost two years the key question is not when the central bank will raise interest rates, but when it will cut them. Don\u2019t expect any firm indicators about when this might happen, though: the key task for Fed officials is to temper the recent overexcitement in the financial markets, which are pricing in rate cuts earlier in 2024, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1fea39e2-4e2f-45b1-911e-5c45650ee5e4\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed will make its rate announcement tomorrow evening (KSA time)<\/strong>, and you can expect SAMA will follow suit before long. The central bank has yet to announce when it will next meet to consider rates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart: <\/strong>With the SAR pegged to the USD, we typically import US interest rate policy. That doesn\u2019t mean SAMA always follows the Fed\u2019s lead: SAMA raised rates twice in 2018 \u2014 even though the Fed left rates on hold \u2014 in a bid to tamp down inflation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>PSA- <\/strong><strong>Tenants in the Kingdom need to pay rent through the government\u2019s Ejar platform <\/strong><strong>starting in January<\/strong>, Real Estate General Authority (REGA) Tayseer Al Mufarrej told Rotana Khalejia (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=z6G_tOnR2Gw\" style=\"\" rel=\"noopener\">watch, runtime: 0:33<\/a>). The move aims to limit the involvement of brokers and ensure the soundness of financial transactions within the real estate property market, Al Mufarrej said in separate statements picked up by <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/ar\/article\/articledetail\/id\/1690672\" style=\"\" rel=\"noopener\">Argaam<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact: <\/strong>Some 6.6 mn residential contracts and 1.3 mn rental agreements for commercial properties have been <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2423846\/business-economy\" style=\"\" rel=\"noopener\">registered<\/a> on the system since it launched in February 2018.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Riyadh <\/strong>and <strong>Dammam <\/strong>are set to enjoy a daytime high of just 25\u00b0C, according to our favorite weather app, but expect some low-lying fog in Dammam early in the morning. <strong>Jeddah<\/strong> will see a high of 31\u00b0C with extreme humidity and the possibility of drizzle in the afternoon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You\u2019re reading Zero Issue #12 of EnterpriseAM KSA. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new KSA template.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip? <\/strong>Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINTS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt5\"><\/a> <strong>#1-<\/strong><strong> The Industrial Production Index (IPI) dropped 12.3% y-o-y in October<\/strong>, continuing its downward trend for the sixth consecutive month, <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/711.pdf\" style=\"\" rel=\"noopener\">data (pdf) issued by the General Authority for Statistics<\/a> (Gastat) showed yesterday. The decline in the indicator, which reflects the relative changes of the volume of industrial output, came on the back of a fall in mining and quarrying activity \u2014 which account for 74.5% of the index\u2019s weight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The upside: <\/strong>Manufacturing as well as activity in electricity and natural gas supply both rose, the figures show. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON A RELATED NOTE- The number of industrial licenses issued by the Investment <\/strong><strong>Ministry almost doubled<\/strong> on an annual basis to 412 in 3Q 2023, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/764.pdf\" style=\"\" rel=\"noopener\">the latest ministry figures (pdf)<\/a>. Capital allocation for newly licensed factories was basically flat at SAR 8.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Foreign reserve assets rose 3% m-o-m in November, despite declining on an annual <\/strong><strong>basis<\/strong>, closing the month at SAR 1.6 tn, according to the latest figures. On an annual basis, foreign reserve assets fell 7% y-o-y in November. <strong>Foreign currency reserves<\/strong><strong> constitute 94% of the Kingdom\u2019s foreign reserve assets.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#3- Saudi Arabia ranked first among G20 countries and second globally in the growth <\/strong><strong>rate of international tourist arrivals<\/strong>, according to a report by <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2023\/12\/11\/article_2672656.html\" style=\"\" rel=\"noopener\">Al Eqtisadiah<\/a> that picked up figures from the the World Tourism Barometer released by the United Nations World Tourism Organization (UNWTO). International tourist arrivals grew 50% in 9M 2023 compared to same period in 2019.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart: <\/strong>Tourism revenues <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/635428\/SAUDI-ARABIA\/Saudi-Arabias-tourism-surplus-soars-to-SR228-billion-in-Q1-2023\" style=\"\" rel=\"noopener\">more than tripled<\/a> in the first quarter of 2023 to SAR 37 bn. The Tourism Ministry recently updated its target for total annual tourist trips to 150 mn by 2030, with an equal split between domestic and international travelers. The ministry wants to see the industry account for 10% of GDP by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two big stories this morning vying for your attention aren\u2019t business-related.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Arab world steps up diplomatic pressure for Gaza ceasefire:<\/strong> The UN General Assembly will convene today to vote on a <a target=\"_blank\" href=\"https:\/\/www.un.org\/pga\/78\/2023\/12\/10\/letter-from-the-president-of-the-general-assembly-resumption-of-ess-10\/\" style=\"\" rel=\"noopener\">non-binding resolution<\/a> demanding an immediate ceasefire in Gaza as the humanitarian crisis on the ground reaches catastrophic levels. The emergency meeting was called by Egypt and Mauritania after the US <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/7a56dd0a-8a63-4aa2-8b0c-65935f7d8df6\/\" style=\"\" rel=\"noopener\">blocked another resolution<\/a> at the Security Council last week despite the UN and aid agencies warning of starvation conditions and the imminent collapse of public order. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE flew a dozen envoys of UN Security Council members into Rafah<\/strong>, on Egypt\u2019s border with Gaza. Several reiterated calls for an immediate ceasefire after the visit. China, Russia, and the UK were among the P5 members to attend. The US and France gave the visit a pass. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WAIT \u2014 we\u2019re going to \u2026 what? <\/strong>Israeli Prime Minister Benjamin Netanyahu has apparently told a powerful group of legislators that Saudi Arabia (along with the UAE) will be stepping in to pay for the reconstruction of Gaza, the <a target=\"_blank\" href=\"https:\/\/www.timesofisrael.com\/netanyahu-said-to-tell-mks-that-saudis-uae-will-foot-bill-of-gaza-reconstruction\/\" style=\"\" rel=\"noopener\">Times of Israel<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- It\u2019s the third and final day of voting in Egypt<\/strong>\u2019s presidential race, where incumbent President Abdel Fattah El Sisi is expected to cruise to victory. Officials are reporting high voter turnout. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>There\u2019s broad consensus that Egypt needs not to devalue its currency, but to fully float it \u2014 probably accompanied by a jumbo-sized rate hike. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When it could happen: <\/strong>Election results are due on Monday, 18 December \u2014 and the Central Bank of Egypt\u2019s monetary policy committee has a regularly scheduled interest rate meeting on the calendar for Thursday, 21 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN BUSINESS news:<\/strong><\/p>\n<ul>\n<li><strong>Google has lost a big antitrust suit<\/strong> after a jury in California found the tech giant used its Play Story to unfairly profit at the expense of game maker Epic. (<a target=\"_blank\" href=\"https:\/\/www.theverge.com\/23994174\/epic-google-trial-jury-verdict-monopoly-google-play\" style=\"\" rel=\"noopener\">The Verge<\/a>)<\/li>\n<li><strong>Competition watchdogs in the US and UK are looking at OpenAI and Microsoft<\/strong>, precursors to potential antitrust probes. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c3e8acee-536a-47c2-9322-464d14c51053\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/li>\n<li><strong>India has overtaken Hong Kong to become the world\u2019s seventh-largest stock <\/strong><strong>market <\/strong>by market capitalization as \u201coptimism grows\u201d about the country\u2019s economy. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/12\/12\/india-overtakes-hong-kong-to-become-worlds-seventh-largest-stock-market.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PETCHEM WATCH- <\/strong><strong>Local chemical manufacturers are in for a bumpy ride next year<\/strong><strong>. <\/strong>The sluggish recovery in global demand for chemicals used in industries including plastics, cars, mobile phones has drawn a bleak picture for local chemical manufacturers including Aramco subsidiary Saudi Basic Industries (Sabic), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-11\/saudi-chemical-giant-sees-weak-global-demand-extending-into-2024?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, reports quoting Sabic CEO Abdulrahman Al Fageeh.This \u201cwas a bad year for the chemical industry,\u201d Al Fageeh said last week. <strong>\u201cI\u2019m not sure whether 2024 is going to have any pickup. It does not seem to be.\u201d<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OIL WATCH- <\/strong><strong>Chinese demand for Aramco crude oil hit a five-month low on <\/strong><strong>the back of <\/strong><strong>higher than forecast prices<\/strong><strong>, <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-aramco-supply-full-oil-volumes-some-nasia-refiners-jan-2024-sources-2023-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported yesterday, citing people in the know. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FOOTBALL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>National team to play three friendlies ahead of Asian Cup: <\/strong>The Green Falcons will play friendlies three friendlies before the Asian Cup kicks off in Qatar next month, the national team <a target=\"_blank\" href=\"https:\/\/twitter.com\/SaudiNT\/status\/1733923160137895960\" style=\"\" rel=\"noopener\">announced on X<\/a>, including:<\/p>\n<ul>\n<li>Lebanon \u2014 4 January<\/li>\n<li>Palestine \u2014 9 January <\/li>\n<li>Hong Kong \u2014 10 January<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The Asian cup runs 12 January through 10 February. Saudi has won the cup three times. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SIGN OF THE TIMES- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi just licensed the Mideast\u2019s first brewery outside of Egypt.<\/strong> The restaurant Craft by Side Hustle is set to produce up to 25k pints of beer a month from its site on Abu Dhabi\u2019s Al Maryah Island site, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-11\/craft-by-side-hustle-beer-brewery-to-open-in-abu-dhabi-in-first-for-uae?srnd=living\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Abu Dhabi\u2019s Department of Culture and Tourism issued a <a target=\"_blank\" href=\"https:\/\/dct.gov.ae\/DataFolder\/Circulars\/Circular%203_2021%20_Standards%20to%20enable%20licensing%20of%20alcoholic%20beverages%20in%20Abu%20Dhabi.pdf\" style=\"\" rel=\"noopener\">rule change in 2021<\/a> that allowed license holders to ferment alcoholic drinks on-site.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fifa.com\/fifaplus\/en\/tournaments\/mens\/fifa-club-world-cup\/saudi-arabia-2023?cid=(p_go-sea)(c_fcwc)(sc_ticketing)(ssc_fcwc-2023)(l_en)(co_EG)&s_cid=(co_EG)(cc__)&c=(c_fcwc)(sc_ticketing)(ssc_fcwc-2023)(l_en)(co_EG)(p_go-sea)(t_search)(kt_brand)&pid=(p_go-sea)(ch__)(t_search)&gad_source=1&gclid=CjwKCAiA1MCrBhAoEiwAC2d64XBCaGJjMFXX-IjIN-CYFehDVtb_gt-iCgXfZRfXyrX8pL-O7f1gEhoCC-IQAvD_BwE&gclsrc=aw.ds\" style=\"\" rel=\"noopener\">FIFA Club World Cup<\/a><\/strong><strong>will kick off for the first time in the kingdom today<\/strong>, running through Friday, 22 December in Jeddah. You can buy tickets <a target=\"_blank\" href=\"https:\/\/fifaclubwc2023.com\/tickets\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fintech-tour.com\/\" style=\"\" rel=\"noopener\">Fintech Tour<\/a><\/strong><strong> wraps up tomorrow.<\/strong> The fintech-focused gathering includes more than 15 events, presentations, and meetups involving key local and international speakers in eight cities across the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The International Arabian Horse Show kicks off tomorrow <\/strong>and continues through Saturday, 16 December at the King Abdulaziz Center for Purebred Arabian Horses\u2019 headquarters in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Metallica is coming to Riyadh on Thursday <\/strong>as part of the <a target=\"_blank\" href=\"https:\/\/mdlbeast.com\/events\/soundstorm-2023\/lineup\/artists\" style=\"\" rel=\"noopener\">eclectic music<\/a><a target=\"_blank\" href=\"https:\/\/mdlbeast.com\/events\/soundstorm-2023\/lineup\/artists\" style=\"\" rel=\"noopener\">festival Soundstorm<\/a>. Soundstorm runs 14-16 December with a lineup that also includes Pharrell Williams, Chris Brown and Her, DJs Tiesto and David Guetta, Black Eyed Peas, and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2422491\/saudi-arabia\" style=\"\" rel=\"noopener\">Jeddah Book Fair<\/a><\/strong><strong> will run until Saturday<\/strong>, with over 1k publishing houses set to attend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cycling fans have just three days left until the Arab Road Cycling Championship<\/strong> comes to Riyadh, with the event running 15-23 December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/webook.com\/en-US\/events\/galatasaray-vs-fenerbahce\" style=\"\" rel=\"noopener\">Turkish Super Cup final<\/a><\/strong><strong>between Galatasaray and Fenerbah\u00e7e <\/strong>on Friday, 29 December at Alawwal Park Stadium as part of the <a target=\"_blank\" href=\"https:\/\/riyadhseason.com\/en-US\" style=\"\" rel=\"noopener\">Riyadh Season<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tickets are on sale for the 2024 Saudi Arabian Grand Prix <\/strong>with less than 100 days to go until the racetrack roars to life in Jeddah from 7-9 March. Grandstand, premium hospitality, and general admission <a target=\"_blank\" href=\"https:\/\/tickets.saudiarabiangp.com\/en\" style=\"\" rel=\"noopener\">tickets are now available<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ejar\/\">Ejar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/mbc\/\">MBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/nato\/\">Nato<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/opec\/\">OPEC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82717\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82717\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/high-drama-surrounds-the-kingdoms-pursuit-of-golf-tennis\/\">\r\n                            High drama surrounds the Kingdom\u2019s pursuit of golf, tennis                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/high-drama-surrounds-the-kingdoms-pursuit-of-golf-tennis\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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A 31 December deadline for the transaction is looming \u2014 and in just a matter of days, the PGA has radically shifted its negotiating tactics. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PGA has jumped into talks with a group representing a \u201cwho\u2019s who of bn\u2019aires from the <\/strong><strong>world of sports,\u201d <\/strong>as the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/sports\/golf\/jon-rahm-liv-golf-pga-tour-golf-deal-b538a778?mod=wknd_pos1&mod=wknd_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> puts it. <a target=\"_blank\" href=\"https:\/\/www.pgatour.com\/article\/news\/latest\/2023\/12\/10\/policy-board-unanimously-agrees-to-further-negotiate-with-strategic-sports-group-continue-pif-negotiations\" style=\"\" rel=\"noopener\">PGA said in a statement<\/a> that execs are talking with a group of US investors that includes Strategic Sports Group (SSG).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding to the drama: <\/strong>PGA Tour commissioner Jay Monahan is due to meet this week with PIF boss Yasir Al-Rumayyan \u2014 a sit-down that was originally said to have been in the cards for last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does it mean? <\/strong>Both PGA and PIF-backed Liv say they\u2019re still committed to a merger. Pundits are casting the talks with SSG one of a series of last-minute gambits by both parties (Liv just signed PGA star Jon Rahm) to gain the upper hand as they head into final talks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WILL WE HOST THE 2024 WTA FINALS?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will the Kingdom host the 2024 Women\u2019s Tennis Association finals? <\/strong>Multiple media outlets have said the finals will come here next year, especially after prominent players on the women\u2019s tour complained about the quality of organization at the 2023 finals in Mexico. A WTA spokesperson told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/tennis\/wta-says-no-decision-yet-2024-finals-host-amid-reported-saudi-interest-2023-12-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.espn.co.uk\/tennis\/story\/_\/id\/39088701\/wta-no-decision-yet-2024-finals-host-amid-reported-saudi-interest\" style=\"\" rel=\"noopener\">Espn<\/a> that no decision has been made yet. Both Saudi officials and the WTA are said to be looking at a multi-year agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MESSI, RONALDO TO CLASH IN RIYADH<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lionel Messi\u2019s Inter Miami will clash with Cristiano Ronaldo\u2019s Saudi Pro League leaders <\/strong><strong>Al-Nassr in Riyadh<\/strong> early in 2024 in one of two matches Inter Miami will play here as part of the Riyadh Season Cup, a three-team round-robin tournament. US Major League Soccer <a target=\"_blank\" href=\"https:\/\/www.mlssoccer.com\/news\/messi\/messi-vs-ronaldo-inter-miami-to-face-al-nassr-in-riyadh-season-cup\" style=\"\" rel=\"noopener\">made the announcement overnight<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Miami<\/strong> will take on <strong>Al Hilal<\/strong> at Kingdom Arena on 29 January before facing <strong>Al Nassr<\/strong> on 1 February, the statement said. It\u2019s Inter Miami\u2019s first-ever international tour, the outfit <a target=\"_blank\" href=\"https:\/\/twitter.com\/InterMiamiCF\/status\/1734347147460427841?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1734347147460427841%7Ctwgr%5E25b3221243763304ee3f83bf25a825aa252a8d7e%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.mlssoccer.com%2Fnews%2Fmessi%2Fmessi-vs-ronaldo-inter-miami-to-face-al-nassr-in-riyadh-season-cup\" style=\"\" rel=\"noopener\">said in its X account<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND SPEAKING OF FOOTBALL- The women\u2019s national team has a new head coach<\/strong>, the Saudi Arabian Football Federation <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2424051\/sport\" style=\"\" rel=\"noopener\">announced<\/a>. Spaniard Lluis Cortes Rosa Lappi-Seppala on a four-year contract running through the end of 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KICKING THE TIRES? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International Olympic Committee President Thomas Bach was in Riyadh this past <\/strong><strong>weekend<\/strong> to \u201cto visit the National Olympic and Paralympic Committee (NOC), and to see for himself the impressive development of sport in the Kingdom,\u201d <a target=\"_blank\" href=\"https:\/\/olympics.com\/ioc\/news\/ioc-president-in-saudi-arabia-to-visit-the-national-olympic-and-paralympic-committee-and-the-saudi-national-games\" style=\"\" rel=\"noopener\">according to a statement from the Olympics<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are we eyeing an e-sports olympics? <\/strong>Bach was a guest at the Saudi Games and met with Crown Prince and Prime Minister <strong>Mohammed bin Salman<\/strong>, where talks included the IOC\u2019s drive to create <strong>Olympic e-sports games. <\/strong>Prince Mohammed is a passionate gamer who has directed the Public Investment Fund to commit heavily to making Saudi a powerhouse in the global industry.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/liv-golf\/\">Liv Golf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pga-golf\/\">PGA Golf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82719\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82719\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/zamil-unit-lands-sar-575-mn-contract-to-build-defense-systems-complex\/\">\r\n                            Zamil unit lands SAR 575 mn contract to build defense systems complex in Al Kharj                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/zamil-unit-lands-sar-575-mn-contract-to-build-defense-systems-complex\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82720\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/zamil-unit-lands-sar-575-mn-contract-to-build-defense-systems-complex\/754-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/754.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"754.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/754.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/754.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82719\" class=\"content-area-description single-story post-82719 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-defense tag-enterpriseam-ksa tag-manufacturing tag-pif tag-sami-cmi-defence-systems tag-sami-land-industrial-complex tag-vision-2030 tag-zamil-steel-construction wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.8bd14d34-a027-476e-9159-6d2bd7d3fff2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/zamilsteel.com\/zsc\/en\/\" style=\"\" rel=\"noopener\">Zamil Steel Construction (ZSC)<\/a><\/strong><strong> has landed an SAR <\/strong><strong>575 mn contract with the Riyadh-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/sami-cmi-defence-systems\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">SAMI CMI Defence<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/sami-cmi-defence-systems\/?originalSubdomain=sa\" style=\"\" rel=\"noopener\">Systems<\/a><\/strong> to develop an industrial complex for manufacturing defense systems in Al Kharj, ZSC parent company said in <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/5n8sw929\" style=\"\" rel=\"noopener\">a Tadawul filing<\/a> on Sunday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project<\/strong>: Under the 16-months contract, Zamil will be responsible for the construction of the SAMI LAND industrial complex which will develop, design, and manufacture land defense systems, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong>Zamil\u2019s parent company closed up 3.7% to SAR 22.4 at yesterday\u2019s close.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the companies: <\/strong>ZSC is a subsidiary of Tadawul-listed Zamil Industrial Construction Company, while SAMI CMI Defence Systems is a JV between the Public Investment Fund\u2019s wholly owned subsidiary <a target=\"_blank\" href=\"https:\/\/www.sami.com.sa\/\" style=\"\" rel=\"noopener\">Saudi Arabia Military Industries (SAMI)<\/a> and the defense equipment manufacturing unit of Belgium\u2019s <a target=\"_blank\" href=\"https:\/\/johncockerill.com\/en\/\" style=\"\" rel=\"noopener\">John Cockerill Group<\/a>. It\u2019s <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2358496\/saudi-arabia\" style=\"\" rel=\"noopener\">one of 12 international JVs<\/a> SAMI has set up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is looking to localize 50% total spending on military equipment by 2030<\/strong>, and policymakers have earmarked some SAR 269 bn for military spending in the FY2024 budget in what Finance Minister Mohamed Al Jadaan said was part of a move to boost domestic manufacturing and regional regional deterrence power at the same time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Ghafari Associates are acting as the consulting firm responsible for the design of the complex, under an agreement signed <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2254771\/saudi-arabia\" style=\"\" rel=\"noopener\">in February<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/defense\/\">Defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/manufacturing\/\">manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sami-cmi-defence-systems\/\">SAMI CMI Defence Systems<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sami-land-industrial-complex\/\">SAMI LAND industrial complex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/vision-2030\/\">Vision 2030<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/zamil-steel-construction\/\">Zamil Steel Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82721\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82721\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRANSPORTATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/setec-plans-big-for-flying-taxi-takeoff-in-the-kingdom\/\">\r\n                            Setec plans big for flying taxi takeoff in the Kingdom                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/720.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"82722\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/setec-plans-big-for-flying-taxi-takeoff-in-the-kingdom\/720-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/720.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"720.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/720.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/720.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82721\" class=\"content-area-description single-story post-82721 post type-post status-publish format-standard has-post-thumbnail hentry category-transportation tag-aviation tag-enterpriseam-ksa tag-evtols tag-setec tag-sustainability tag-transport tag-transportation tag-urban-mobility wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.dd08b49c-0d01-4d2e-b069-4daeddecc635.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>France\u2019s <\/strong><strong>Setec eyes flying taxi takeoff in the kingdom:<\/strong> French engineering firm Setec Group is working on what it\u2019s calling a \u201csustainable urban air mobility concept\u201d for Saudi Arabia, Patrick Bteich, a Setec\u2019s partner, told <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2423566\/saudi-arabia\" style=\"\" rel=\"noopener\">Arab News<\/a> in an interview earlier this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>A preliminary feasibility study for the project is currently underway for Riyadh to test the viability of urban air taxis in connecting the capital with Diriyah and Qiddiyah, Bteich said. \u201cThe service might be implemented in the coming years, to ease the road infrastructure, and for fast transit between the different centralities,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are caveats, of course: <\/strong>\u201cAir mobility needs special permits from various ministries,and you need to work on corridors to mitigate security issues \u2026 from pilot to the implementation, it can take a few years depending on the regulation. But it\u2019s a project that could be developed for Vision 2030,\u201d Bteich said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first dance with Setec:<\/strong> Setec is involved in several sustainable projects in the Kingdom, including King Salman Park, which is slated to be the largest urban park in the world, and the development of metro lines. Others include the Royal Commission for Al Ula (RCU), and the Diriyah Gate Development Authority (DGDA), according to Setec\u2019s <a target=\"_blank\" href=\"https:\/\/www.setec.fr\/en\/actualites\/notre-engagement-en-arabie-saoudite\" style=\"\" rel=\"noopener\">official website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The still-embryonic concept of urban air mobility has been gaining steam in <\/strong><strong>the Kingdom<\/strong>,with Neom and German flying taxi maker Volocopter having <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=542ff19b-5441-4350-89b8-ea41e1ae2cbd\" style=\"\" rel=\"noopener\">successfully tested<\/a> the kingdom\u2019s first electric air taxi. Neom Investment Fund committed some USD 175 mn to Volocopter <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2022\/11\/24\/are-we-finally-in-the-jetsons-era-88752\/\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What are eVTOLs again?<\/strong> These drone-like aircraft use electric propulsion and large omnidirectional fans to allow them to takeoff vertically, making them energy efficient, (reasonably) quiet, environmentally friendly, and eventually pilotless. Beyond their use as air taxis, the vehicles are expected to be able to operate on an inter-city basis and even be used for cargo shipping.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And one more is in the works: <\/strong>Budget airline Flynas and Brazilian electric aircraft maker Eve Air Mobility want to roll out eVTOLs in Riyadh and Jeddah in 2026. The two inked an agreement in <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eve-air-mobility-and-flynas-sign-mou-to-propel-evtol-advancements-in-saudi-arabia-guwrwecf\" style=\"\" rel=\"noopener\">late November<\/a> on the potential rollout of eVTOL aircraft and will study whether they can roll out the product as early as 2026.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/evtols\/\">eVTOLS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/setec\/\">Setec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/transportation\/\">TRANSPORTATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/urban-mobility\/\">Urban mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82723\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82723\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/abu-dhabi-based-pure-harvest-smart-farms-acquisition-set-to-double-production-capacity-in-saudi-arabia\/\">\r\n                            Pure Harvest Smart Farms expands presence in Saudi Arabia with six-hectare acquisition in Riyadh                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/abu-dhabi-based-pure-harvest-smart-farms-acquisition-set-to-double-production-capacity-in-saudi-arabia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The acquisition aims to double Pure Harvest\u2019s production capacity in Saudi Arabia and to facilitate RedSea\u2019s transformation into a \u201cpure-play Agri-Climate technology company.\u201d Pure Harvest will take over operations from January, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/future\/2023\/12\/10\/pure-harvest-to-acquire-agriculture-production-facility-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pure Harvest Smart Farms will also acquire a 40-hectare land bank near the current <\/strong><strong>production facility<\/strong> in partnership with the Ajaweed farm. This will allow the company to expand its farm area, and to develop up to 28 more hectares for agricultural production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cWe always planned a transition from farm \u2018operator\u2019 to a pure play technology company,\u201d RedSea co-founder Ryan Lefers said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About RedSea:<\/strong> RedSea is a Saudi agritech firm established in 2018 specializing in proprietary technology designed to enhance commercial farming techniques for warm climates. <strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-agtech-startup-red-sea-farms-raises-185-mln-2022-04-25\/\" style=\"\" rel=\"noopener\">It raised some USD 18.5 mn last year<\/a><\/strong> to expand its fresh produce line and to expand its sale of technology to producers in harsh, arid environments. The company\u2019s sustainably grown produce has been served on Saudia flights <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/travel-hospitality\/saudia-to-serve-red-sea-farms-sustainably-farmed-food-on-flights\" style=\"\" rel=\"noopener\">since last year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Pure Harvest Smart Farms:<\/strong> Established in 2016, Pure Harvest utilizes tech to offer advanced agricultural and controlled-environment techniques to address significant regional issues such as food security, water conservation, economic diversification, and sustainability. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/pure-harvest-smart-farms\/\">Pure Harvest Smart Farms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/redsea\/\">RedSea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82725\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82725\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">BUSINESS OF LAW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/\">\r\n                            White &amp; Case now operating directly in KSA                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=White &#038; Case now operating directly in KSA&url=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/&title=White &#038; Case now operating directly in KSA\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=White+%26%23038%3B+Case+now+operating+directly+in+KSA+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F12%2F12%2Fwhite-case-now-operating-directly-in-ksa%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/white-case-now-operating-directly-in-ksa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82725\" class=\"content-area-description single-story post-82725 post type-post status-publish format-standard hentry category-business-of-law tag-business-of-law tag-enterpriseam-ksa tag-professional-services tag-white-case wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6a905f94-e313-4850-853d-03ae7889116e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global white shoe law firm White & Case is now operating directly in the Kingdom<\/strong> after landing a foreign law license from the Justice Ministry, KSA Executive Partner Waad Alkurini (<a target=\"_blank\" href=\"https:\/\/www.whitecase.com\/people\/waad-alkurini\" style=\"\" rel=\"noopener\">bio<\/a>) said in a statement yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>It has also landed a regional headquarters license from the Investment Ministry that makes the Riyadh office its regional base. International firms will need to make Saudi their regional headquarters starting in January or risk losing out on government work. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm now has more than 30 lawyers in its Riyadh office<\/strong>, including five partners, and advises on matters related to Saudi, English and US law. Its client base includes companies, financial institutions, and government entities across a full spectrum of business and financial matters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>W&C is moving to new offices<\/strong> in the King Abdullah Financial District\u2019s Tadawul Tower in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>White & Case has advised on Saudi matters since the 1950s and has been in Riyadh since 1993. It has offices across the region, spanning from Cairo to Abu Dhabi. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/business-of-law\/\">BUSINESS OF LAW<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/professional-services\/\">professional services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/white-case\/\">White &amp; Case<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82726\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82727\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82727\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/\">\r\n                            New Albanian ambassador to Saudi Arabia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New Albanian ambassador&url=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/&title=New Albanian ambassador\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+Albanian+ambassador+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2023%2F12%2F12%2Fnew-albanian-ambassador%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/new-albanian-ambassador\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82727\" class=\"content-area-description single-story post-82727 post type-post status-publish format-standard hentry category-moves tag-diplomacy tag-enterpriseam-ksa tag-moves tag-saudi-albanian-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.0dcd5423-7430-4043-a636-3ba79f85944b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saimir Bala<\/strong> has presented his credentials as ambassador of Albania to Saudi Arabia. Bala presented his credentials to Abdulmajeed Al-Samary, undersecretary of protocol at the Ministry of Foreign Affairs, in Riyadh yesterday. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diplomacy\/\">Diplomacy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-albanian-relations\/\">Saudi-Albanian relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82728\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42493.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15549.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Easier life with Tasheel<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/42494.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/15542.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82729\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82729\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/news-from-neom-sabic-alkhorayef-water-acwa-power-and-more-plus-hrsd-makes-fines-for-labor-law-violations-proportionate-to-size-of-business\/\">\r\n                            News from Neom, Sabic, Alkhorayef Water, Acwa Power and more. PLUS: HRSD makes fines for labor law violations \u201cproportionate\u201d to size of business                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/news-from-neom-sabic-alkhorayef-water-acwa-power-and-more-plus-hrsd-makes-fines-for-labor-law-violations-proportionate-to-size-of-business\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/news-from-neom-sabic-alkhorayef-water-acwa-power-and-more-plus-hrsd-makes-fines-for-labor-law-violations-proportionate-to-size-of-business\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/news-from-neom-sabic-alkhorayef-water-acwa-power-and-more-plus-hrsd-makes-fines-for-labor-law-violations-proportionate-to-size-of-business\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=News from Neom, Sabic, Alkhorayef Water, Acwa Power and more. 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The company, named Dan Co, developing experiences for tourists looking to explore Saudi\u2019s regional cultures and traditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Dan\u2019s first project will span 1.8 mn sqm in Al Ahsa, one of the kingdom\u2019s top tourist hotspots, according to the statement. The development will feature an eco-resort, an agri-resort for seasonal farming and an adventure resort set to include horseback-riding, star-gazing, and rock climbing activities. The statement did not provide details on the size of investments to be poured by Dan, yet said that it is set to contribute SAR 6 bn (USD 1.6 bn) to the kingdom\u2019s non-oil GDP by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STARTUPS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Basic Industries Corporation (SABIC) and AstroLabs are partnering to launch <\/strong><strong>\u201cMega Green Accelerator\u201d in the MENA region<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/ar\/2023\/12\/pepsico-sabic-astrolabs-launch-mega-green-accelerator-support-cleantech-startups\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. The Mega Green Accelerator aims to develop a network of climate-focused innovators in the MENA region. The fund\u2019s initial focus will be on circular economy, clean energy transitions, water, and agriculture. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s on board? <\/strong>Dubai Future District Fund, Venture Souq, and Shurooq Partners will offer investment and networking opportunities alongside mentorship.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The Middle East is warming twice as fast as the global average, but has seen only 50 climate startups founded since 2010, compared to 5k in the US and Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alkhorayef Water inks SAR 2.2 bn contract for wastewater treatment in Riyadh:<\/strong><a target=\"_blank\" href=\"https:\/\/awpt.com.sa\/\" style=\"\" rel=\"noopener\">Alkhorayef<\/a><a target=\"_blank\" href=\"https:\/\/awpt.com.sa\/\" style=\"\" rel=\"noopener\">Water and Power Technologies Co. (AWPT)<\/a> signed a 15-year operation and maintenance contract worth c. SAR 2.2 bn with state-owned National Water Company (NWC), it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4v33sndp\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> earlier this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Under the agreement, AWPT will design, rehabilitate, test, commission and operate four sewage treatment plants in Riyadh\u2019s Heet and Al Hayer districts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RENEWABLES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acwa Power plans big with first int\u2019l water desalination project: <\/strong>Private utility Acwa Power signed a partnership with Saudi Exim Bank for the development of its first water desalination project fully powered by renewables overseas, it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/cdsmn55s\" style=\"\" rel=\"noopener\">statement<\/a> earlier this week. The statement, released on the sidelines of COP28 in Dubai, did not disclose details related to the planned project, location and financials. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LEGISLATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses operating are getting a break of up to 94% for violations to the Labour Law<\/strong>, a document on the amendments by the Human Resources and Social Development Ministry seen by <a target=\"_blank\" href=\"https:\/\/www.okaz.com.sa\/economy\/na\/2150309\" style=\"\" rel=\"noopener\">Okaz<\/a> showed yesterday. The amendments see businesses late in disbursing salaries fined SAR 300 for each employee regardless of the size of the business, down from the SAR 2k-5k previously. Companies that bring new mothers back to work less than six weeks following delivery will be fined SAR 1k, down from SAR 10k. Those who fail to provide medical insurance for employees and their families will be fined SAR 300 to SAR 1k per employee depending on the size of the business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the logic?<\/strong> The amendments <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/638558\/SAUDI-ARABIA\/Up-to-94-cut-in-penalties-for-Labor-Law-violations\" style=\"\" rel=\"noopener\">seek look to make it easier for companies to do business<\/a> by making fines proportionate to the size of private sector businesses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AVIATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar Airways is now flying to Neom:<\/strong>Qatar Airways will operate two weekly flights to Neom as part of its expansion of operations in the kingdom, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/qatar-airways-launches-flight-to-neom-its-ninth-gateway-in-saudi-arabia-fotqa5cn\" style=\"\" rel=\"noopener\">statement picked up by Zawya<\/a> yesterday. The airliner\u2019s inaugural flight landed for the first time at Neom Bay Airport on Saturday, it said. Qatar Airways now serves nine destinations in the Kingdom, with 125 weekly flights to cities including Riyadh, Jeddah, Madinah and Dammam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AGRICULTURE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leen Alkhair could be sending fresh produce to China: <\/strong>Nomu-listed fruits and vegetables supplier <a target=\"_blank\" href=\"https:\/\/www.leenalkhair.com\/en\" style=\"\" rel=\"noopener\">Leen AlKhair<\/a> could export local vegetables and fruits to China under a MoU signed with China\u2019s Haigrin and the Arab Chinese Investment Fund, it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/4ausdmd3\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. Seafood, poultry, dairy products, and dates could be bound for China via specialized logistics center in Shenzhen.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/acwa-power\/\">ACWA power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/alkhorayef-water\/\">Alkhorayef Water<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/astrolabs\/\">AstroLabs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/human-resources-and-social-development-ministry\/\">Human Resources and Social Development Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/labor-law\/\">Labor law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/neom\/\">NEOM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/qatar-airways-leen-alkhair\/\">Qatar Airways. Leen Alkhair<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sabic\/\">SAbic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82731\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"82731\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/a-relief-rally-for-risk-assets-but-does-it-have-legs\/\">\r\n                            A relief rally for risk assets \u2014 but does it have legs?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/a-relief-rally-for-risk-assets-but-does-it-have-legs\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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But Wall Street is divided over whether the \u201ceverything rally\u201d represents a bull market or just a \u201cfleeting sugar high\u201d from the end of the tightening cycle, writes the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/rise-in-stocks-bonds-crypto-gold-683f0e91?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts agree that the tightening cycle is over \u2014 but when will it pivot?<\/strong> Economists don\u2019t expect the Fed to start cutting rates until at least July 2024, with the majority of participants forecasting a rate trim of only half a percentage point of less in 2024, from its current 22-year high of 5.25-5.5%, a recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/0b3e70c0-d980-4d77-8747-62cc7b67828f\/Analysts%20and%20Wall%20Street%20can%E2%80%99t%20seem%20to%20agree\" style=\"\" rel=\"noopener\">Financial Times<\/a> poll showed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN GLOBAL MARKETS- India has overtaken Hong Kong to become the world\u2019s <\/strong><strong>seventh-largest stock market <\/strong>by market capitalization as \u201coptimism grows\u201d about the country\u2019s economy, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/12\/12\/india-overtakes-hong-kong-to-become-worlds-seventh-largest-stock-market.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports.<\/p>\n<p><a target=\"_blank\" id=\"t.96ed16c11564fe7ba6d71a745032a831070f9f3d\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,380.95<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,463.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1% (YTD: +1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.75<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6% repo<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24,182.06<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.03% (YTD: +65.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,411.75<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,934.52<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +17.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,615.09<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +20%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,544.89<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,540.19<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +19.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 76.25<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.38<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-7.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 1,992.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 40,824.47<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-7% (YTD: +130.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI rose 0.8% yesterday<\/strong> on turnover of SAR 7.5 bn. The index is up 8.6% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>AWPT (+7.8%), Naseej (+6.3%) and Aslak (+4.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>AlBaha (-7.1%), Enaya (-6.4%) and Amana Ins. (-4.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian shares are having a good morning<\/strong>, with most benchmarks in the green (or nearly there) at dispatch time. Futures suggest US and European markets will open in the green later today, and there\u2019s still a chance shares in Toronto could follow suit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORPORATE ACTIONS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Burgerizzr put on hold its move to the Tadawul\u2019s main market <\/strong>after it failed to fulfill some requirements related to the move, it said in a <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/murfmzkt\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The Nomu listed company was one of two to say in recent weeks it was looking to move up to the main market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The board of <\/strong><strong>United Assurance <\/strong><strong>Cooperative <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZDLDoJADEW_xQVbWh8gusMoGB8RJQacjRl0HElghuAo8e8ddYXx1V3bc29vCgRiIIJeUk5VKgXNdL8h9tZybWyNHVz4XmuES683WA5HfhOnHYjqAIaBpYFg3p7hCn20gfyjxw_l4m89-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!\/\" style=\"\" rel=\"noopener\">will ask shareholders<\/a><\/strong><strong> to approve an SAR 300 <\/strong><strong>mn capital increase<\/strong> via a rights offering. Proceeds are earmarked to fund expansion and improve its solvency ratio, bringing its total capital to SAR 700 mn. The call still needs approval from the Ins. Authority and the CMA. No financial advisor has yet been appointed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The board of Saudi Enaya Cooperative Ins.<\/strong><strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/7hjwffkz\" style=\"\" rel=\"noopener\">will ask shareholders<\/a><\/strong><strong> to approve an SAR 150 <\/strong><strong>mn capital increase<\/strong>via a rights offering, bringing its total capital to SAR 380 mn. The recommendation by the BoD will still require an approval from the Ins. Authority and CMA.No financial advisor has yet been appointed.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/burgerizzr\/\">Burgerizzr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/capital-markets\/\">Capital Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-enaya-cooperative-ins\/\">Saudi Enaya Cooperative Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/united-assurance-cooperative\/\">United Assurance Cooperative<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/wall-street\/\">Wall Street<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"82733\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2023\/12\/12\/82733\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-82733\" class=\"content-area-description single-story post-82733 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Due to the length of this morning\u2019s report, our <\/span><span style=\"font-weight:700\">Calendar appears only on the web.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 December (Tuesday): Announcement of the final MBC share price.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-16 December (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.kaahcshow.com\/\" style=\"\">The 6th International Arabian Horse Show,<\/a><\/span><span style=\"font-weight:400;\"> Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 December (Saturday): end of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riyadhart.sa\/en\/noor-riyadh\/\" style=\"\">Noor Riyadh<\/a><\/span><span style=\"font-weight:400;\"> show, segment \u201cThe Bright Side of the Desert Moon, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/\" style=\"\">Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 December (Tuesday- Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiairportexhibition.com\/\" style=\"\">Saudi Airport Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">19-21 December (Tuesday-Thursday): International Digital Signage Expo 2023, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ksa.com\/riyadh-season-to-host-turkish-super-cup-featuring-galatasaray-and-fenerbah%C3%A7e\" style=\"\">Turkish Super Cup<\/a><\/span><span style=\"font-weight:400;\">, Awal Park Stadium, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-11 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-17 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudiprojectshow.com\/\" style=\"\">The International Exhibition for construction and building materials (Saudi Projects)<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-31 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudifranchiseexpo.com\/\" style=\"\">Saudi Franchise Expo 2024<\/a><\/span><span style=\"font-weight:400;\">, Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 February (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.simec-expo.com\/\" style=\"\">SIMEC International Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudihoreca.com\/\" style=\"\">Saudi HORECA 2024,<\/a><\/span><span style=\"font-weight:400;\"> Jeddah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iptcnet.org\/\" style=\"\">The International Petroleum Technology Conference (IPTC)<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22 February (Thursday): Founding Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/\" style=\"\">Big 5 Construct Saudi<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/fm-expo-saudi\/\" style=\"\">FM EXPO SAUDI<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructsaudi.com\/specialized-events\/stone-surface-event\/\" style=\"\">Stone and Service Saudi Arabia<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 March (Friday): end of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/riyadhart.sa\/en\/noor-riyadh\/\" style=\"\">Noor Riyadh<\/a><\/span><span style=\"font-weight:400;\"> show, segment \u201cRefracted Identities, Shared Futures\u201d, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-6 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 March (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/onegiantleap.com\/\" style=\"\">LEAP 2024,<\/a><\/span><span style=\"font-weight:400;\"> Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 March (Monday): Flag Day (national holiday) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Ramadan <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Fitr (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thesaudifoodshow.com\/\" style=\"\">The Saudi Food Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Global Trade Review (GTR): KSA<\/span><\/li>\n<li><span style=\"font-weight:400;\">Saudi Energy Convention<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in June:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Eid Al-Adha (national holiday)<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/informaconnect.com\/saudi-event-show\/\" style=\"\">The Saudi Event Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 September (Monday): National Day (national holiday)<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2024:<\/span><\/p>\n<ul>\n<li><span>The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tinyurl.com\/38jtv854\" style=\"\">AFC Champions League Elite<\/a><\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Pricing MBC IPO | Crunch time in Dubai | Zamil\u2019s big defense contract | Tourism industry\u2019s red-hot growth | Right-sizing labor law fines<\/p>\n","protected":false},"featured_media":82715,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-82714","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a3265409-17ea-42dc-b485-86a4aa15c4a8","teaser":"Pricing MBC IPO | Crunch time in Dubai | Zamil\u2019s big defense contract | 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