{"id":96175,"date":"2025-04-20T00:00:00","date_gmt":"2025-04-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?post_type=issue&#038;p=96175"},"modified":"2025-12-14T20:47:35","modified_gmt":"2025-12-14T20:47:35","slug":"diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/ksa\/issues\/diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house\/","title":{"rendered":"Diriyah leads USD 1.4 bn JV for Royal Opera House"},"content":{"rendered":"<section id=\"96177\" 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=\"96177\">\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\/2025\/04\/20\/grand-prix-revs-up-today\/\">\r\n                            THIS MORNING: Grand Prix revs up today                        <\/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\/2025\/04\/20\/grand-prix-revs-up-today\/\" 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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Details of the project are in the news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- Would you like to have lunch with us on Monday, 5 May? <\/strong>If so, hit reply to this email to let us know you\u2019re like to be considered and tell us a little bit about yourself and what you do as a professional. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, lunch? <\/strong>Yes, lunch. We\u2019re inviting a small group of readers to join us to talk over where the economy and business climate stand now and where they\u2019re heading through 2030. Expect good food, good company, and frank talk about what we are convinced is the most exciting business opportunity in the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Seating is strictly limited and the gathering is invitation-only. <\/strong>The gathering will take place under Chatham House rules. We\u2019ll be in touch over the course of the next week with the folks we\u2019re inviting to drop them the details. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1219.gif?ssl=1\"\/><\/p>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IMF and W<\/strong><strong>orld Bank\u2019s spring meetup will get the ball rolling tomorrow <\/strong>amid the global economy grappling with mounting trade tensions and tariff escalations. The six-day <a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\">2025 Spring Meetings of the IMF and World Bank Group<\/a> will bring together policymakers, central bankers, economists, private sector leaders, and others to discuss what the year ahead holds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mood of the meetup is already starting to become clear<\/strong>, with World Bank President Ajay Banga telling reporters last week that \u201cuncertainty and volatility are undoubtedly contributing to a more cautious economic and business environment,\" according to <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20250416-global-uncertainty-will-certainly-hit-growth-world-bank-president\" style=\"\" rel=\"noopener\">AFP<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tensions between the Trump administration and the World Bank are expected to come <\/strong><strong>into focus over the week<\/strong>, with the White House yet to commit to the USD 4 bn pledged to the international financial institution by his predecessor in the last months of his presidency. Brushing off suggestions of bad blood, Banga described ongoing negotiations with its largest financial backer as \u201cconstructive\u201d and told reports that \u201cthey\u2019re asking the right questions, and we're trying to give them the right answers.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re yet to hear who will be representing Saudi at the meetup<\/strong>. Last year saw Finance Minister Mohammed Al Jadaan, Sama Governor Ayman Al Sayari, and Saudi Fund for Development CEO Sultan Al Marshad, among others, attend the meetings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can check out the full schedule on the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/en\/2025\/Spring\/Schedule\" style=\"\" rel=\"noopener\">event\u2019s official website<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA\u2019s fi<\/strong><strong>rst <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rcu.gov.sa\/en\/media-resources\/news-press\/alula-partners-with-meta-to-host-first-ever-instagram-creators-summit%E2%80%9D-in-the-mena-region\" style=\"\" rel=\"noopener\">Instagram Cr<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rcu.gov.sa\/en\/media-resources\/news-press\/alula-partners-with-meta-to-host-first-ever-instagram-creators-summit%E2%80%9D-in-the-mena-region\" style=\"\" rel=\"noopener\">eators Summit<\/a><\/strong><strong> goes live in AlUla today<\/strong>, bringing together leading global content creators \u2014 who have amassed over 231 mn followers \u2014 for interactive sessions, keynote speeches, and discussions on the future of content creation. The two-day event \u2014 organized by Meta in partnership with the Royal Commission for AlUla \u2014 will feature discussions about topics like social media, AI, Instagram tools, and the creator economy and provide the chance for networking with Meta product managers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>The main event of the Saudi Arabian<\/strong><strong> Grand Prix revs up at <\/strong><strong>8:00 PM<\/strong><strong> today at the 6.2 <\/strong><strong>km Jeddah Corniche Circuit. <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/732a876d-8bbd-49c8-8c39-f866eb69c82d\/russian-ukrainian-talks-return-to-jeddah-on-sunday-%2B-egypt%25e2%2580%2599s-madinet-masr-plans-gcc-expansion\" style=\"\" rel=\"noopener\">Schools will be off<\/a> today and tomorrow in Jeddah, Makkah, and Taif as the race takes over the streets. You can grab your tickets <a target=\"_blank\" href=\"https:\/\/tickets.formula1.com\/en\/f1-54298-saudi-arabia\" 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>Off track<\/strong>, expect <a target=\"_blank\" href=\"https:\/\/www.formula1.com\/en\/latest\/article\/saudi-arabian-grand-prix-to-host-unmissable-entertainment-line-up.UqZmrwceuwYFsaDWrF8hI?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">performances<\/a> by Usher, Major Lazer Soundsystem, and Marwan Pablo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ithra.com\/en\/visit-ithra\/attractions\/cinema\/saudi-film-festival-11\" style=\"\" rel=\"noopener\">Saudi Film Festival<\/a><\/strong><strong> in Dhahran runs until 23 April. <\/strong>The festival will showcase 68 films, including feature films, shorts, and documentaries from Saudi Arabia, the Gulf, and beyond. We have the details <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8856b5c3-a86c-45ec-9f6a-09556f304350\/saudi-film-festival-returns-with-shaping-identities-in-focus\" 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>\u26a0\ufe0f WEATHER- <\/strong>Expect moderate to heavy thunderstorms across Makkah, Madinah, and Riyadh. <\/p>\n<ul>\n<li>Riyadh: 34\u00b0C daytime \/ 24\u00b0C overnight <\/li>\n<li>Makkah: 41\u00b0C daytime \/ 27\u00b0C overnight <\/li>\n<li>Madinah: 38\u00b0C daytime \/ 24\u00b0C overnight<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian Pri<\/strong><strong>me Minister Narendra Modi will arrive in Saudi Arabia on Tuesday, 22 April on a<\/strong> <strong>two-day visit<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/39428\/Visit_of_the_Prime_Minister_of_India_to_the_Kingdom_of_Saudi_Arabia_April_2223_2025\" style=\"\" rel=\"noopener\">statement<\/a> by India\u2019s External Affairs Ministry. This marks Modi\u2019s third visit to the Kingdom \u2014 after previous trips in 2016 and 2019 \u2014 and follows Crown Prince Mohammed bin Salman\u2019s visit to New Delhi in September 2023. The leaders are expected to discuss means for deepening bilateral relations and cooperation across key sectors like trade, investment, energy, defense, technology, and culture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a> <\/strong><strong>The Human Resources an<\/strong><strong>d Social Development Ministry (HRSD) began implementing the <\/strong><strong>first phase of <\/strong><strong>the increased Saudization quotas in the healthcare industry on Thursday<\/strong>, targeting four professions in the private sector, it said in a <a target=\"_blank\" href=\"https:\/\/www.hrsd.gov.sa\/ar\/media-center\/news\/%D8%A8%D8%AF%D8%A1-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D9%82%D8%B1%D8%A7%D8%B1-%D8%B1%D9%81%D8%B9-%D9%86%D8%B3%D8%A8-%D8%A7%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-%D9%84%D8%A3%D8%B1%D8%A8%D8%B9-%D9%85%D9%87%D9%86-%D8%B5%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B5\" style=\"\" rel=\"noopener\">statement<\/a>. The directive applies to large establishments throughout the Kingdom, as well as those in key cities, including Riyadh, Makkah, Madinah, Jeddah, Dammam, and Khobar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new quotas:<\/strong> Healthcare facilities must raise the share of Saudi representation in therapeutic nutrition and physiotherapy to 80%, medical laboratories to 70%, and radiology to 65%, paying a minimum of SAR 7k for specialists and SAR 5k for technicians.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second phase will kick off on<\/strong><strong> Friday, 17 October<\/strong>, extending to all the remaining establishments nationwide. Non-compliant establishments will be subject to statutory penalties, the ministry statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The ministry launched the Nitaqat program in 2011 to raise the representation of Saudis within the Kingdom\u2019s private sector, under the purview of the Saudization Agency at the Ministry of Human Resources and Social Development (HRSD). Saudization has been gaining momentum across various sectors, as the gov\u2019t hopes Saudization would boost local employment to 70% by 2030.<\/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><a id=\"wwtt2\"><\/a> <\/strong><strong>Rakhaa eye<\/strong><strong>s EGX IPO:<\/strong> Pesticide and fertilizer importer Rakhaa, a subsidiary of Riyadh-based Alkhorayef Commercial Company, plans to offer a 30% stake on the Egyptian stock exchange (EGX) in 2H 2025, Alkhorayef\u2019s Managing Director Abdullah Alkhorayef told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/79173\/%D8%B1%D8%AE%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B7%D8%B1%D8%AD-30-%D9%85%D9%86-%D8%A3%D8%B3%D9%87%D9%85%D9%87%D8%A7-%D9%81%D9%8A-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-2025\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has been active in Egypt for two decades<\/strong> and operates 24k feddans in <a target=\"_blank\" href=\"https:\/\/www.eastowainat.com\/EN\/index\" style=\"\" rel=\"noopener\">East<\/a><a target=\"_blank\" href=\"https:\/\/www.eastowainat.com\/EN\/index\" style=\"\" rel=\"noopener\">Owainat<\/a> under a long-term usufruct agreement, currently producing wheat, potatoes, and beets on 10k feddans.<\/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><a id=\"wwtt3\"><\/a> <\/strong><strong>Raya Holding e<\/strong><strong>yes Gulf expansion with a focus on Saudi:<\/strong> Egyptian investment firm <a target=\"_blank\" href=\"https:\/\/rayacorp.com\/\" style=\"\" rel=\"noopener\">Raya<\/a><a target=\"_blank\" href=\"https:\/\/rayacorp.com\/\" style=\"\" rel=\"noopener\">Holding<\/a> plans to launch a consumer finance company in the Kingdom through its <a target=\"_blank\" href=\"https:\/\/aman.eg\/en\/home\/\" style=\"\" rel=\"noopener\">Aman Holding<\/a> arm, likely via acquisition rather than establishing a new entity, Financial Investments CFO Hossam Hussein told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/04\/16\/%D8%B1%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D9%8F%D8%B1%D8%AC%D9%91%D8%AD-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D9%84%D8%A7%D8%B7%D9%84%D8%A7%D9%82-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D8%B3%D8%AA%D9%87%D9%84%D8%A7%D9%83%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. Raya \u2014 which already operates call centers in Saudi Arabia and Dubai \u2014 also set out a Gulf expansion strategy that involves launching new fintech companies and data centers, with a focus on Saudi Arabia, Hussein added.<\/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>Riyadh <\/strong><strong>dismissed a report from the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/yemen-houthis-operation-us-support-975febe6\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a><\/strong> <strong> alleging ongoing d<\/strong><strong>iscussions <\/strong><strong>with the US <\/strong><strong>and the UAE to support a ground operation by Houthi-opposition militias<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-denies-reports-it-is-involved-talks-about-land-offensive-yemen-2025-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing an unnamed Saudi official and the UAE\u2019s Assistant Minister for Political Affairs Lana Nusseibeh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The former Biden administration lifted a three-year ban on the sale of offensive weapons to the Kingdom last year, saying that Riyadh upheld its end of an agreement with Washington on drawing back its conflict with the Houthis in Yemen. Saudi Arabia moved to de-escalate its role in Yemen through peace negotiations and a truce in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The US launched large-scale military strikes on Houthi-controlled areas in Yemen, following an order from US President Donald Trump. The attacks come in retaliation for the Iran-backed militant group\u2019s attacks on vessels in the Red Sea, Trump said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9157a3d4-da37-48e1-8cd6-cfdd7af79f8f\/our-sovereign-sukuk-issuances-to-slow-down-in-2025-%2B-a-new-pif-funded-cricket-league-in-the-works%3F#:~:text=AND%2D%20The%20US%20launched%20large%2Dscale%20military%20strikes%20on%20Houthi%2Dcontrolled%20areas%20in%20Yemen\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Ara<\/strong><strong>bia issued 3.3k tour guide licenses in 2024<\/strong>, recording a 168% y-o-y increase, the Ministry of Tourism said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1AVGtiYpt1\/\" style=\"\" rel=\"noopener\">Facebook post<\/a>. The city of Makkah took the lead with 986 licenses, followed by Riyadh (665), Madinah (477), Tabuk (337), the Eastern Region (319), and Aseer (252), state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2301002\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Saudi Arabia welcomed 30 mn foreign tourists in 2024, up from 27.5 mn in 2023, according to figures published <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/778b5d96-5501-4666-8aa3-98b796ebf183\/everything-you-need-to-know-from-saudi-officials-at-davos\" style=\"\" rel=\"noopener\">last January<\/a>. While growth slowed compared to the 60% surge the year before, the Kingdom remains focused on reaching 70 mn annual visitors by 2030, targeting middle-class travelers from China and India.<\/p>\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=\"ksa\/en\/user\/NewsLetters\" 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>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> and  <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a>  industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russia declared yesterday <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/19\/putin-russia-ceasefire-ukraine-easter.html\" style=\"\" rel=\"noopener\">a unilateral ceasefire<\/a><\/strong><strong> for \u201chumanitarian reasons<\/strong>,\u201d set to end at midnight following Easter Sunday (but Kyiv is not buying it). The short truce comes after US Secretary of State Marco Rubio and the Donald both <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/04\/18\/europe\/rubio-russia-war-in-ukraine-us-talks-intl-hnk\/index.html\" style=\"\" rel=\"noopener\">hinted<\/a> that the US could abandon peacemaking efforts \u201cwithin days\u201d if no progress is made.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>The US and Iran <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/iran-us-hold-talks-rome-bid-reach-nuclear-deal-2025-04-19\/\" style=\"\" rel=\"noopener\">agreed<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/iran-us-hold-talks-rome-bid-reach-nuclear-deal-2025-04-19\/\" style=\"\" rel=\"noopener\">to task a team of experts<\/a> with drafting a framework for a potential nuclear agreement, set to begin work on Wednesday. The talked held yesterday focused on scaling back Iran\u2019s uranium enrichment activities in return for a limited sanctions relief.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN THE BUSINESS WORLD- <\/strong>Tesla is <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/tesla-delay-us-launch-affordable-ev-lower-cost-model-y-sources-say-2025-04-18\/\" style=\"\" rel=\"noopener\">reportedly delaying<\/a> its planned launch of an affordable version of the Model Y SUV, ahead of announcing its earnings on Tuesday.<\/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\/raya-holding\/\">Raya Holding<\/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=\"96179\" 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                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     <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=\"96180\" 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=\"96180\">\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\">CONSTRUCTION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house\/\">\r\n                            Diriyah leads USD 1.4 bn JV for Royal Opera House                        <\/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\/2025\/04\/20\/diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n   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href=\"https:\/\/api.whatsapp.com\/send?text=Diriyah+leads+USD+1.4+bn+JV+for+Royal+Opera+House+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F04%2F20%2Fdiriyah-leads-usd-1-4-bn-jv-for-royal-opera-house%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\/2025\/04\/20\/diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1235.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96181\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/diriyah-leads-usd-1-4-bn-jv-for-royal-opera-house\/1235-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1235.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1235.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1235.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1235.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96180\" class=\"content-area-description single-story post-96180 post type-post status-publish format-standard has-post-thumbnail hentry category-construction tag-construction tag-diriyah tag-enterpriseam-ksa tag-royal-diriyah-opera-house 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\/2025\/4\/.d72d17ea-b2ef-4bfa-a91a-ce16f4a87456.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Diriyah Com<\/strong><strong>pany signed a USD 1.4 bn (SAR 5.1 bn) JV contract with three<\/strong> <strong>companies to construct the Royal Diriyah Opera House<\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/www.diriyahcompany.sa\/en\/news\/diriyah-company-awards-construction-contract\" style=\"\" rel=\"noopener\">a statement<\/a> on Wednesday. The three firms include homegrown <a target=\"_blank\" href=\"https:\/\/www.el-seif.com.sa\/\" style=\"\" rel=\"noopener\">El Seif Engineering Contracting<\/a>, Qatar\u2019s <a target=\"_blank\" href=\"https:\/\/www.midmac.net\/\" style=\"\" rel=\"noopener\">Midmac Construction<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.cscec.com\/\" style=\"\" rel=\"noopener\">China State Construction Engineering Corporation<\/a>. The timeline for delivery was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Project scope: <\/strong>The venue \u2014 which will be managed by the Royal Commission for Riyadh City \u2014 will feature a 2k-seat main opera theater set to be the largest in the Kingdom, along with a studio theater, shaded rooftop amphitheater, and multipurpose halls, totaling 3.1k seats.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Design details:<\/strong> The opera house was designed by Norwegian architecture firm <a target=\"_blank\" href=\"https:\/\/www.snohetta.com\/\" style=\"\" rel=\"noopener\">Sn\u00f8hetta<\/a>, featuring a contemporary Najdi aesthetic using materials like palm, stone, and earth. The design prioritizes sustainability, with features that support water conservation and temperature control while amplifying natural light.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Specialist consultants are supporting the design<\/strong>, with German structural engineering and consulting firm <a target=\"_blank\" href=\"https:\/\/www.sbp.de\/en\/\" style=\"\" rel=\"noopener\">Schlaich Bergermann Partner<\/a> working on structural and facade engineering, UK-based <a target=\"_blank\" href=\"https:\/\/www.burohappold.com\/\" style=\"\" rel=\"noopener\">Buro Happold<\/a> and <a target=\"_blank\" href=\"https:\/\/diyar.com\/\" style=\"\" rel=\"noopener\">Saudi Diyar<\/a> on Mechanical, Electrical, and Plumbing works. <a target=\"_blank\" href=\"https:\/\/theatreprojects.com\/\" style=\"\" rel=\"noopener\">Theatre Projects<\/a> is also working on theatre and acoustics, while <a target=\"_blank\" href=\"https:\/\/planaconsultants.com\/\" style=\"\" rel=\"noopener\">Plan A<\/a> is handling on design management, and US-based <a target=\"_blank\" href=\"https:\/\/www.jll.com\/en-us\" style=\"\" rel=\"noopener\">JLL<\/a> is handling cost management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>All part of one big boulevard:<\/strong> The opera house will be located along Diriyah\u2019s upcoming 1.9 km cultural boulevard \u2014 modeled after Paris\u2019 Champs-\u00c9lys\u00e9es \u2014 first revealed in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ae8bb50b-2a1c-4f80-b43b-62759ee985ea\/a-saudi-champs-%25c3%2589lys%25c3%25a9es-in-the-works%3F-%2B-us,-russian-officials-to-convene-in-saudi-next-week-over-ukraine\" style=\"\" rel=\"noopener\">February<\/a> by CEO Jerry Inzerillo. The avenue will also feature the Saudi Museum of Contemporary Art and the world\u2019s largest Apple Store.<\/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\/construction\/\">Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/diriyah\/\">Diriyah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/royal-diriyah-opera-house\/\">Royal Diriyah Opera House<\/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=\"96182\" 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=\"96182\">\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\">TRADE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/\">\r\n                            Saudi Arabia slides down in WTO\u2019s merchandise export ranking                        <\/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\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/\" 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\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/')\">\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\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/\">\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=Saudi slides down in WTO\u2019s merchandise export ranking&url=https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/\">\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\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/&title=Saudi slides down in WTO\u2019s merchandise export ranking\">\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=Saudi+slides+down+in+WTO%E2%80%99s+merchandise+export+ranking+https%3A%2F%2Fenterpriseam.com%2Fksa%2F2025%2F04%2F20%2Fsaudi-slides-down-in-wtos-merchandise-export-ranking%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\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96183\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/saudi-slides-down-in-wtos-merchandise-export-ranking\/2107-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2107.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2107.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96182\" class=\"content-area-description single-story post-96182 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-enterpriseam-ksa tag-exports tag-trade tag-trade-logistics 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\/2025\/4\/.310d86fb-5c15-457d-a52e-1bb2dc5b5c8d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Kingdom was the 26th largest global merchandise exporter in 2024<\/strong>, with exports reaching USD 305 bn, according to the World Trade Organization\u2019s recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1161.pdf\" style=\"\" rel=\"noopener\">Global Trade Outlook and Statistics report (pdf)<\/a>. This marks a 5% y-o-y drop, with its position in the ranking down from the 25th in the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/987.pdf\" style=\"\" rel=\"noopener\">WTO\u2019s 2023 report<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imports increased 12% y-o-y to USD 232 bn,<\/strong> ranking 30th in the world in terms of global imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the commercial services front<\/strong>, the Kingdom ranked 23rd in imports, reporting a 6% y-o-y growth in services purchased from abroad to USD 94 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the cards for the region:<\/strong> Growth in the Middle East\u2019s commercial services exports is expected to plummet from 4.2% in 2024 to 1.7% in 2025 and further down to 1% in 2026. The region's merchandise exports, on the other hand, are expected to remain steady at 5.3% growth in 2025 and 5.1% in 2026. Meanwhile, merchandise imports are predicted to take a slight fall from 6.8% in 2024 to 6.3% in 2025, before rebounding to 6.7% next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global trade to take a dip in 2025 on the back of tariffs: <\/strong>Merchandise trade is expected to contract by 0.2% in 2025, down from a 2.9% y-o-y surge in 2024 after WTO economists altered their baseline predictions \u2014 previously foreseeing 2.6% growth \u2014 following the implementation of new tariff measures since January. Commercial services trade is forecast to slump down to 4% this year, down from 6.8% in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 and is expected to see a resurgence in 2026,<\/strong> with merchandise trade forecast to spike up by 2.5% and commercial services trade to rise by 4.1%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/exports\/\">exports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/trade-logistics\/\">TRADE &amp; LOGISTICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96184 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"96184\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/96184\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96184\" class=\"content-area-description single-story post-96184 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.tasheelfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1942.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96185\" 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=\"96185\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/national-water-company-starts-work-on-sar-1-2-bn-water-sanitation-projects-in-hail\/\">\r\n                            National Water Company starts work on SAR 1.2 bn water, sanitation projects in Hail                        <\/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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        <\/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\/2025\/04\/20\/national-water-company-starts-work-on-sar-1-2-bn-water-sanitation-projects-in-hail\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/612.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96186\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/national-water-company-starts-work-on-sar-1-2-bn-water-sanitation-projects-in-hail\/612-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/612.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"612.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/612.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/612.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96185\" class=\"content-area-description single-story post-96185 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-enterpriseam-ksa tag-infrastructure tag-sanitation tag-water 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\/2025\/4\/.4c95b673-5297-49f4-ac25-e183fe555276.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The Nationa<\/strong><strong>l Water Company (NWC) initiated 14 water and sanitation projects <\/strong><strong>across <\/strong><strong>Hail<\/strong>, with a total investment exceeding SAR 1.2 bn, as part of its efforts to expand service coverage and meet rising demand, it said in a <a target=\"_blank\" href=\"https:\/\/www.nwc.com.sa\/En\/MediaCenter\/News\/Pages\/14-projects-in-Hail.aspx\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scope covers 12 water infrastructure projects valued at over SAR 1 bn<\/strong>, including over 1.3 km of pipelines and two pumping stations with a combined capacity of nearly 4k cubic meters per day. It also includes two environmental projects worth over SAR 134 mn that comprise more than 153 km of sewage networks and pumping stations with a total capacity of over 23k cubic meters per day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> NWC broke ground on 30 new water and sewage projects across Riyadh <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ab996e8d-6a91-414f-b5fe-0cbe88bbeef6\/%253cmark%253enwc%253c%2Fmark%253e-breaks-ground-on-30-water,-sewage-projects\" style=\"\" rel=\"noopener\">earlier this month<\/a>, valued at around SAR 2 bn, including 16 developments across the capital city and neighboring governorates and 14 sewage projects. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/ed427bc7-98e8-4932-9b4d-d6dda7ffe52d\" style=\"\" rel=\"noopener\">Last year<\/a>, the NWC pledged to invest EUR 200 bn by 2030 in a comprehensive water cycle infrastructure across the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER INFRASTRUCTURE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/awpt.com.sa\/\" style=\"\" rel=\"noopener\">Alkhorayef Water and Power Technologies (AWPT)<\/a><\/strong><strong> inked two contracts wort<\/strong><strong>h <\/strong><strong>SAR<\/strong><strong> 353.9<\/strong><strong> mn with the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sio.gov.sa\/Home\/Index_En\" style=\"\" rel=\"noopener\">Saudi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/sio.gov.sa\/Home\/Index_En\" style=\"\" rel=\"noopener\">Irrigation Organization<\/a><\/strong> to construct treated wastewater reuse systems, it said in two separate disclosures to Tadawul (<a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86561&anCat=1&cs=2081&locale=en\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=86560&anCat=1&cs=2081&locale=en\" 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 details: <\/strong>The first contract valued at SAR 223.8 mn will see AWPT build water transmission and distribution systems in Al Rass Sewage Treatment Plant (Phase one), while the second SAR 130.1 mn contract spans the Wadi Al Dawasir Sewage Treatment Plant (Phase one). The two projects \u2014 aimed at irrigating agricultural areas \u2014 are set to be completed in two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong><strong>-<\/strong> AWPT landed a slew of contracts this year with the National Water Company, including a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0b254f9f-b7b0-402c-96fa-5d79a245a95b\/infobip-unveils-first-data-center-in-saudi.-plus:-manufacturing,-waste-management-and-logistics#:~:text=Alkhorayef%20Water%20and%20Power%20Technologies%20(Awpt)%20signed%20a%2015%2Dyear\" style=\"\" rel=\"noopener\">SAR 1.7 bn<\/a> operation and maintenance agreement for four Al Ahsa sewage treatment plants and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0bc313e0-5dc5-477d-a1c6-bd2d2c2f0c16\/mawani-is-set-to-establish-a-new-sar-175-mn-logistics-hub-in-jeddah.-plus:-news-of-investment,-automotive,-real-estate,-and-more#:~:text=Alkhorayef%20Water%20and%20Power%20Technologies%20has%20landed%20a%20SAR%201%20bn\" style=\"\" rel=\"noopener\">SAR 1 bn<\/a> project for three Manfouha plants.<\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sanitation\/\">Sanitation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/water\/\">Water<\/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=\"96187\" 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=\"96187\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/retail-real-estate-demand-to-maintain-momentum-in-the-next-two-years-sp\/\">\r\n                            Retail real estate demand to maintain momentum in the next two years -S&amp;P                        <\/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\/2025\/04\/20\/retail-real-estate-demand-to-maintain-momentum-in-the-next-two-years-sp\/\" 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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Major global retailers continue to enter the market, attracted by the Kingdom\u2019s large consumer base.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agency expects a favorable retail consumption outlook, particularly in entertainment <\/strong><strong>and lifestyle categories<\/strong>, buoyed by the Kingdom\u2019s youthful and growing population. Pro-investment measures, such as the new investment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/95c71960-5703-46db-a5e6-1e2f63de2ea0\/gov%E2%80%99t-introduces-new-investment-law-removing-major-obstacles-for-foreign-investors\" style=\"\" rel=\"noopener\">law<\/a>, are also expected to accelerate the sector\u2019s expansion, it added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drivers: <\/strong>Saudi Arabia\u2019s focus on infrastructure development is fueling demand for retail real estate, with major cities such as Riyadh and Jeddah seeing a surge in new developments. The rapid expansion of mixed-use developments and gigaprojects like Neom, Diriyah Gate, and the Red Sea Project is expected to ramp up demand, S&P said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Kingdom\u2019s gigaprojects include more than 1 mn new residential units, 362k hotel keys, upwards of 7.4 mn sqm of new retail space, and more than 7.7 mn sqm of new office space to accommodate population growth and booming tourism and business activities. These numbers are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6ce05d50-1316-4be3-ac01-41e5f3045df9\/a-new-milestone\" style=\"\" rel=\"noopener\">expected to rise further<\/a> with the upcoming 2030 World Expo and the 2034 FIFA World Cup, as both events are projected to trigger a new wave of projects in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-commerce is playing an increasingly important role in the sector:<\/strong> The broader MENA region\u2019s e-commerce market was valued at USD 1.8 bn in 2024, S&P said, citing a joint report by Flowwow and Admitad. Saudi Arabia showed momentum with 9% y-o-y growth, outpacing its regional competitor, the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Changing the game:<\/strong> The growing popularity of e-commerce and the shift towards experience-driven retail is pressuring traditional malls to adapt or risk reduced footfall and rental yields. The shift towards online shopping is leading developers to incorporate hybrid models into their retail space design, which is expected to reel in additional demand, S&P said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not looking too bad for retail, though: <\/strong>Total retail sales volumes are expected to hit a compound annual growth rate of 4.4% through 2027, with pop-up stores gaining popularity in major malls, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/8c1afc33-fa65-46db-a91f-fc987bc63eaa\/saudi-real-estate-grows-as-investment-heads-to-sar-388-bn-by-2030#:~:text=Retail%20growth%3A%20Total%20retail%20sales%20volumes%20are%20expected%20to%20hit%20a%20compound\" style=\"\" rel=\"noopener\">Deloitte said in an earlier report<\/a>. Supply volumes are steadily growing in the country\u2019s retail space, while demand remains \u201crelatively stable,\u201d which together are keeping price increases at bay.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, <\/strong><strong>headwinds lie ahead<\/strong>: Increased supply is expected to put downward pressure on rental rates \u2014 particularly in secondary locations. Global economic uncertainty, high construction costs, and persistent volatility in oil prices could potentially dampen government spending and impact non-oil growth. The agency also expects the weakening global macroeconomic environment to impact consumer spending, along with the overall local retail sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To navigate these challenges and maintain long-term competitiveness<\/strong>, firms should adopt \u201ccareful planning and strategic market positioning.\u201d Developers and landlords need to prioritize product differentiation and develop experience-based retail offerings, S&P argues.<\/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\/real-estate\/\">Real Estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/retail\/\">Retail<\/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=\"96189\" 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=\"96189\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/defense-minister-makes-a-diplomatic-push-with-iran-ahead-of-us-iran-nuclear-talks\/\">\r\n                            Defense Minister makes a diplomatic push with Iran ahead of US-Iran nuclear talks                        <\/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\/2025\/04\/20\/defense-minister-makes-a-diplomatic-push-with-iran-ahead-of-us-iran-nuclear-talks\/\" 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 minister also met with Iranian President <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2301097\" style=\"\" rel=\"noopener\">Masoud Pezeshkian<\/a>, and together they \u201cexplored means of enhancing Saudi-Iranian relations and discussed various regional and international developments.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bin Salman was also received<\/strong> <strong>by<\/strong> the Chief of Staff of the Iranian Armed Forces <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2301135\" style=\"\" rel=\"noopener\">Mohammad Baqheri<\/a> and the Secretary of the Supreme National Security Council <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2301142\" style=\"\" rel=\"noopener\">Ali Akbar Ahmadian<\/a> to discuss military and defense cooperation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reading between the lines: <\/strong>The move underscores Saudi Arabia\u2019s active role in mitigating a potential US-Iran security crisis. \u201cSaudi is clearly sending a message to Tehran that it will not be a conduit in any fashion towards an attack on Iran,\u201d Ali Shihabi, a Saudi commentator reportedly close to the royal court, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4c2579a1-b646-4618-a8db-ffc0565abcb5\" 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>IN CONTEXT- <\/strong>The high-profile meetings occur amidst renewed US-Iran negotiations, with \u201cconstructive\u201d indirect talks held in Oman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/271b0211-9eea-41f1-8953-0b3595defbc8\/sabic%25e2%2580%2599s-net-income-projected-to-drop-in-1q-amid-wider-petrochem-slump-%2B-uae%25e2%2580%2599s-presight-plans-to-expand-into-the-kingdom-this-year#:~:text=While%20a%20little%20closer%20to%20home%2C%20the%20US%20and%20Iran%20are%20back%20at%20the\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/271b0211-9eea-41f1-8953-0b3595defbc8\/sabic%25e2%2580%2599s-net-income-projected-to-drop-in-1q-amid-wider-petrochem-slump-%2B-uae%25e2%2580%2599s-presight-plans-to-expand-into-the-kingdom-this-year#:~:text=While%20a%20little%20closer%20to%20home%2C%20the%20US%20and%20Iran%20are%20back%20at%20the\" style=\"\" rel=\"noopener\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/271b0211-9eea-41f1-8953-0b3595defbc8\/sabic%25e2%2580%2599s-net-income-projected-to-drop-in-1q-amid-wider-petrochem-slump-%2B-uae%25e2%2580%2599s-presight-plans-to-expand-into-the-kingdom-this-year#:~:text=While%20a%20little%20closer%20to%20home%2C%20the%20US%20and%20Iran%20are%20back%20at%20the\" style=\"\" rel=\"noopener\">week<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/271b0211-9eea-41f1-8953-0b3595defbc8\/sabic%25e2%2580%2599s-net-income-projected-to-drop-in-1q-amid-wider-petrochem-slump-%2B-uae%25e2%2580%2599s-presight-plans-to-expand-into-the-kingdom-this-year#:~:text=While%20a%20little%20closer%20to%20home%2C%20the%20US%20and%20Iran%20are%20back%20at%20the\" style=\"\" rel=\"noopener\"><\/a>. The parties agreed at their second round fof discussions yesterday to task a team of experts with drafting a framework for a potential nuclear agreement, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/iran-us-hold-talks-rome-bid-reach-nuclear-deal-2025-04-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing Iranian Foreign Minister Abbas Araghchi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The experts are set to begin work on Wednesday<\/strong>, focusing on scaling back Iran\u2019s uranium enrichment activities in return for a limited sanctions relief. Top negotiators will reconvene next Saturday to review progress. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Kingdom\u2019s relations with Iran \u2014 historically marred with regional rivalry \u2014 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-defense-minister-arrives-tehran-ahead-iran-us-talks-2025-04-17\/\" style=\"\" rel=\"noopener\">shifted towards rapprochement<\/a> after Iraqi mediation and a China-brokered agreement in March 2023 led to restoration of bilateral ties and diplomatic missions.<\/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\/saudi-iran-relations\/\">Saudi-Iran 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=\"96191\" 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=\"96191\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/moonward-bound-qosmosys-sets-riyadh-as-mission-control\/\">\r\n                            Singapore-based Space-tech Qosmosys picks the Kingdom as its launchpad                        <\/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\/2025\/04\/20\/moonward-bound-qosmosys-sets-riyadh-as-mission-control\/\" 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 new hub will centralize Qosmosys' global operations and targeted R&D projects, including its lunar positioning and navigation system Triops.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The office will also foster global partnerships<\/strong> and support Saudi Arabia\u2019s moon economy, KSA\u2019s Head of Development at the firm Omar Halawani said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>The emerging moon economy is a future market focused on utilizing lunar resources, establishing essential infrastructure, and delivering vital services to support lunar missions and drive innovation in the space sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Qosmosys:<\/strong> Founded in 2020 by Fran\u00e7ois Dubrulle (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/francoisdubrulle\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the company specializes in the design and integration of advanced space system architectures and aims to advance lunar exploration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>World Mining Union<\/strong><strong> \u2014 a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sgr-sa.com\/\" style=\"\" rel=\"noopener\">Saudi Gold Refinery<\/a><\/strong> <strong> subsidiary \u2014 is seeking a mineral and <\/strong><strong>gold prospecting license in Egypt\u2019s Eastern Desert<\/strong> within the concession area of <a target=\"_blank\" href=\"https:\/\/smrc.com.eg\/\" style=\"\" rel=\"noopener\">Shalateen Mineral Resources Company<\/a>, the parent company\u2019s operations manager Yousif Abdulrahim told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/78769\/%D9%85%D8%B5%D9%81%D8%A7%D8%A9-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AA%D8%B7%D9%84%D8%B9-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%AF%D9%86-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Saudi Gold Refinery Group officials will visit Cairo in two weeks to discuss potential mining investments, Abdulrahim said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a broader mining push: <\/strong>Saudi Gold Refinery has set targets to expand into Egypt, Sudan, Ethiopia, Eritrea, Pakistan, and Kazakhstan by 2025. It also requested 162 additional exploration licenses in the Kingdom on top of its 25 current licences \u2014 aimed at establishing and operating more gold mines by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Saudi Gold Refinery inked multiple agreements with Chinese mining firms at China\u2019s Tianjin Mining Conference <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bea1d59b-14e9-4f81-bfe4-f650fbdbf147\/al-fakhera-men%25e2%2580%2599s-tailoring-discloses-four-lawsuits-against-ceo#:~:text=Saudi%20Gold%20Refinery%20secured%20multiple%20agreements%20with%20Chinese\" style=\"\" rel=\"noopener\">last October<\/a> to expedite gold production in the Kingdom from the time of its discovery by up to 70%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSULTANCY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US-base<\/strong><strong>d c<\/strong><strong>onsultancy Bain & Company inaugurated a new regional headquarters in the <\/strong><strong>King Abdullah Financial District<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/bain-and-company-strengthens-middle-east-presence-with-new-regional-headquarters-in-riyadh-lp6to44l\" style=\"\" rel=\"noopener\">press release<\/a>. This is the company\u2019s third location in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Consultancy firms, including Deloitte and EY, have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/246317b6-0cb4-41d9-9f6a-879a6d0f3ab4\/consultancy-firms-reportedly-vying-to-fill-pwc-void-%2B-alpha-data-aims-to-triple-saudi-sales-by-next-year\" style=\"\" rel=\"noopener\">expanding<\/a> their presence in the Kingdom to fill the vacuum left by the PIF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/977dcf09-1dee-47d7-9bbe-622600de9fa6\/%253cmark%253epwc%253c%2Fmark%253e-banned-from-advisory-contracts-with-pif%3F-%2B-lebanon-looks-to-reactivate-military-aid-package-from-saudi\" style=\"\" rel=\"noopener\">barring<\/a> PwC from advisory contracts. Some firms have already been invited to bid on consultancy contracts for gigaprojects, including Neom.<\/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\/alkhorayef-water-and-power-technologies-awpt\/\">Alkhorayef Water and Power Technologies (AWPT)<\/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\/bain-company\/\">Bain &amp; Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/hail\/\">Hail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/metric\/\">Metric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/national-water-company\/\">National Water Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/qosmosys\/\">Qosmosys<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/rhq\/\">RHQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/sanabil-500-global\/\">Sanabil 500 Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-gold-refinery\/\">Saudi Gold Refinery<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/ksa\/tag\/saudi-irrigation-organization\/\">Saudi Irrigation Organization<\/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=\"96193\" 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=\"96193\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/chinese-stocks-risk-usd-800-bn-in-outflows-amid-us-china-decoupling\/\">\r\n                            Chinese stocks risk USD 800 bn in outflows amid US-China decoupling                        <\/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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             <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1233.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96194\" data-permalink=\"https:\/\/enterpriseam.com\/ksa\/2025\/04\/20\/chinese-stocks-risk-usd-800-bn-in-outflows-amid-us-china-decoupling\/1233-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1233.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1233.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1233.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1233.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96193\" class=\"content-area-description single-story post-96193 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markets tag-enterpriseam-ksa tag-financial-markets tag-planet-finance 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\/2025\/4\/.a8725f6b-3ce8-4a28-bc3d-022b60a18063.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>China stocks face U<\/strong><strong>SD 800 bn outflow risk:<\/strong> US investors could be forced to offload up to USD 800 bn worth of Chinese equities in a worst-case scenario of financial decoupling, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-17\/china-stocks-face-risk-of-800-billion-us-outflows-goldman-says?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a note from Goldman Sachs analyst Kinger Lau.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At stake: <\/strong>The estimate includes USD 250 bn in US depositary receipts (ADRs) \u2014 securities issued by US banks representing shares in a company listed on foreign indices \u2014 and USD 522 bn in Hong Kong stocks held by US institutional investors. Rising trade tensions and potential forced delistings could cause ADRs to lose 9% in value, while the MSCI China Index could take a 4% hit. JP Morgan also previously pegged potential passive outflows at USD 11 bn if ADRs were removed from global indices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the flip side: <\/strong>Chinese investors might dump up to USD 1.7 tn in US assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese firms are poised to intervene to stabilize their stock markets<\/strong> <strong>through increased <\/strong><strong>investment and share buybacks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/china-state-firms-vow-boost-share-purchases-stabilize-plunging-market-2025-04-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported earlier this month. Companies like oil giant Sinopec and state holding firms are among those looking to invest more in tech, state firms, and ETFs and buy back shares in a show of optimism to bolster China\u2019s capital markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The data suggests the decoupling is already well underway<\/strong>, with China's FDI position in the US falling steadily over the past few years, reaching USD 44 bn in 2023, down 16% since 2019, indicating that Chinese investors have been pulling money from US projects, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/breakingviews\/us-china-decoupling-is-crossing-rubicon-2025-04-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The World Trade Organization projects an 80% drop in US-China merchandise trade for the year, signaling a shift towards two separate global trade blocs, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/newsletters\/axios-macro-0275b380-1abb-11f0-bc7a-8d8900d1a049\" style=\"\" rel=\"noopener\">Axios<\/a> reports.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\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>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\">11,553<\/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\">-0.7% (YTD: -4.0%)<\/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>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\">1,469<\/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\">-0.7% (YTD: -2.6%)<\/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>NomuC<\/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\">28,714<\/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\">-1.3% (YTD: -8.8%)<\/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\">USD 3.75 Sell<\/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 3.75 Buy<\/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\">5.0% 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\">4.5% reverse repo<\/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>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\">31,063<\/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: +4.5%)<\/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\">9,278<\/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: -1.5%)<\/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>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\">5,097<\/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\">+0.7% (YTD: -1.2%)<\/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\">5,283<\/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: +10.2%)<\/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>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\">8,276<\/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\">0.0% (YTD: 0.0%)<\/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>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\">4,935<\/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\">-0.6% (YTD: +0.8%)<\/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 67.96<\/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\">+3.2%<\/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 3.25<\/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\">-0.1%<\/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>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 3,326.85<\/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-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>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 85,219<\/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: -8.8%)<\/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\">\n<p class=\"tag-border-left\"> THE CLOSING BELL: TADAWUL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The TASI <\/strong>fell 0.7% <strong>on Thursday <\/strong>on turnover of SAR 4.7 bn. The index is down 4.0% 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> Alistithmar Reit (+10.0%), Dar Alarkan (+3.8%) and ACIG (+3.4%).<\/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 (-5.7%), MESC (-4.8%) and Lazurde (-4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE CLOSING BELL: NOMU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The NomuC<\/strong> fell 1.3% <strong>on Thursday <\/strong>on turnover of SAR 27.8 mn. The index is down 8.8% 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> Horizon Food (+7.0%), Purity (+5.1%) and Academy of Learning (+4.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Qomel (-9.6%), Dar Almarkabah (-8.4%) and Aljouf Water (-8.0%).<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96195\" 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\/2025\/04\/20\/96195\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96195\" class=\"content-area-description single-story post-96195 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<div class='snippet-calendar'><\/div>\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>Infrastructure projects in Hail | Defense minister meets Iran\u2019s leaders | Chinese stocks risk USD 800 bn in outflows<\/p>\n","protected":false},"featured_media":96176,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-96175","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"88941f26-3dff-44f3-9c3b-66104f99c39e","teaser":"Infrastructure projects in Hail | Defense minister meets Iran\u2019s leaders | Chinese stocks risk USD 800 bn in outflows","photo_url":"https:\/\/ent.news\/2025\/4\/1241.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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