{"id":82756,"date":"2024-01-28T00:00:00","date_gmt":"2024-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/28\/its-the-first-official-issue-of-enterpriseam-saudi\/"},"modified":"2024-01-28T00:00:00","modified_gmt":"2024-01-28T00:00:00","slug":"its-the-first-official-issue-of-enterpriseam-saudi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/28\/its-the-first-official-issue-of-enterpriseam-saudi\/","title":{"rendered":"It\u2019s the first official issue of EnterpriseAM Saudi"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good <\/strong><strong>morning, wonderful people, and welcome to the first official issue of EnterpriseAM <\/strong><strong>Saudi<\/strong>, your essential 7am report on business, finance, the economy, and regulation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our goal: <\/strong>To be the essential morning business report for senior executives, business owners, foreign and domestic investors, and anyone else interested in what we think is<strong> the world\u2019s most exciting business story<\/strong> \u2014 indeed, the business story that will define our generation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise is read by hundreds of thousands of senior people around the world<\/strong> who need the inside track on news that will move markets, drive investment decisions, and set the corporate agenda. They all share three characteristics: They are ambitious, they are curious about the world around them, and they want to make a difference. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Produced in Riyadh and in Cairo, EnterpriseAM Saudi is a daily subscription-only report <\/strong><strong>delivered at <\/strong><strong>7am <\/strong><strong>KSA<\/strong> by the same team that produces EnterpriseAM UAE and EnterpriseAM Egypt. For nearly 10 years, we\u2019ve been trusted by C-suite executives, directors, fund and portfolio managers, entrepreneurs, senior managers, non-execs, investment relations officers, researchers, analysts, and diplomats around the world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our publications also include <\/strong>Enterprise Climate and Enterprise Logistics as well as our popular invitation-only conferences and C-suite events.<\/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:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Need to track down a past story? Head to our website<\/a><\/strong>to check out back issues, previous coverage, or explore our other reports across the Arab world. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to read us in Arabic? <\/strong>It\u2019s coming this spring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WE\u2019RE HIRING- <\/strong>If you\u2019re a Saudi citizen with a passion for business, we have a couple of vacancies left on our Saudi news team. Successful applicants will file from the Kingdom for EnterpriseAM Saudi as well as our other publications, including Enterprise Climate and Enterprise Logistics. Career switchers and fresh grads alike are welcome to apply. Email <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a> to get the conversation started. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to pitch us on a story or interview, meet for coffee, send us a comment or a story <\/strong><strong>tip<\/strong><strong>? <\/strong>Email <a target=\"_blank\" href=\"mailto:ksa@enterprise.news\" style=\"\" rel=\"noopener\">ksa@enterprise.news<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded today\u2019s issue?<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here to subscribe<\/a><\/strong>and get your own copy in your inbox each day. <\/p>\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\"><a id=\"wwtt1\"><\/a> <strong>#1-<\/strong><strong>Foreign Minister Prince Faisal bin Farhan will land in Cairo today for talks with his Egyptian <\/strong><strong>counterpart, Sameh Shoukry<\/strong>, Egypt\u2019s state-run <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/43rmhyfp\" style=\"\" rel=\"noopener\">MENA agency<\/a> reported yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda: <\/strong>Prospects of a weeks-long ceasefire in Gaza, on which Egypt and Qatar are leading negotiations (see below). Meanwhile, Egypt is still hoping that Saudi will both step up investment in the country and potentially provide it with fresh loans or deposits as the region\u2019s most populous country looks for ways out of a foreign exchange crunch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.biznex-expo.com\/\" style=\"\" rel=\"noopener\">BiznEX International Exhibition<\/a><\/strong><strong> kicks off today <\/strong>at the Riyadh Convention Center and is set to wrap up on Wednesday. Register <a target=\"_blank\" href=\"https:\/\/www.biznex-expo.com\/\" 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>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudifranchiseexpo.com\/\" style=\"\" rel=\"noopener\">The Saudi Franchise Expo 2024<\/a><\/strong><strong> begins today in Jeddah <\/strong>and runs through Wednesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong><strong>Expect a mostly cloudy day in Riyadh today<\/strong>, with some wind in Jeddah and scattered clouds in Dammam. No rain or fog in the cards. <\/p>\n<ul>\n<li><strong>Riyadh:<\/strong> 22\u00b0C daytime \/ 10\u00b0C overnight<\/li>\n<li><strong>Jeddah:<\/strong> 27\u00b0C daytime \/ 18\u00b0C overnight<\/li>\n<li><strong>Dammam:<\/strong> 24\u00b0C daytime \/ 14\u00b0C overnight<\/li>\n<\/ul>\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>#1- It\u2019s a huge week for corporate earnings<\/strong>, particularly on Wall Street, as we note in this morning\u2019s Planet Finance, below. Analysts are watching the results closely for signs on the direction of travel of the US and global economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- We\u2019re entering an interesting phase of the US presidential race. <\/strong>The next big primary for the Republicans doesn\u2019t come until South Carolina on 24 February. (The Nevada caucus on 8 February doesn\u2019t interest pundits much). The lull already has some speculating that <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/01\/27\/republican-delegates-haley-trump-00138191\" style=\"\" rel=\"noopener\">Nikki Haley faces improbably long odds of beating Donald Trump<\/a>. The Donald, meanwhile, says he is feeling mentally <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-he-feels-mentally-sharp-after-haley-attacks-his-age-gaffes-2024-01-27\/\" style=\"\" rel=\"noopener\">\u201csharper now than I did 20 years ago\u201d<\/a> after Haley savaged him for his age and gaffes on the campaign trail. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The take-home message: <\/strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/biden-trump-campaign-longest-ever-age-7e849b34?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Get ready for the longest presidential campaign ever, featuring the<\/a><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/biden-trump-campaign-longest-ever-age-7e849b34?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">oldest candidates,<\/a> writes the Wall Street Journal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- It\u2019s a big week for tech nerds. <\/strong>Samsung\u2019s very well-reviewed Samsung Galaxy S24 line starts shipping in Saudi and around the world on Wednesday (<a target=\"_blank\" href=\"https:\/\/www.samsung.com\/sa_en\/smartphones\/galaxy-s24-ultra\/buy\/\" style=\"\" rel=\"noopener\">you have until then to place pre-orders<\/a><a target=\"_blank\" href=\"https:\/\/www.samsung.com\/sa_en\/smartphones\/galaxy-s24-ultra\/buy\/\" style=\"\" rel=\"noopener\">that 2x your<\/a><a target=\"_blank\" href=\"https:\/\/www.samsung.com\/sa_en\/smartphones\/galaxy-s24-ultra\/buy\/\" style=\"\" rel=\"noopener\">storage<\/a>), and Apple\u2019s Vision Pro face computer is due to ship on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How well reviewed is the S24?<\/strong> Marques Brownlee speaks for the pack when he asks of the S24 Ultra (the top-end model): <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=XaqOejIaFgM\" style=\"\" rel=\"noopener\">Why buy anything else?<\/a> <\/p>\n<p class=\"tag-border-left\">DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>MBC crowned IPO king of 2024 \u2014 so far: <\/strong>Regional broadcaster MBC\u2019s IPO is currently the world\u2019s top performer this year, data compiled by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-25\/middle-eastern-broadcaster-is-world-s-best-performing-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> showed last week. Its shares surged 134% since trading began earlier this month after its USD 222 mn listing, making it the top gainer among IPOs that raised at least USD 50 mn globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the pundits are saying: <\/strong>\u201cMBC is a household name in the region and investors are putting faith in their streaming platform, which caters to the MENA region,\u201d Christian Ghandour, senior portfolio manager at Al Dhabi Capital, said. \u201cAs more IPOs come into regional markets, investors finally have a chance to gain exposure to sectors that were never represented on the equity markets.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBC shares shed 9.9% <\/strong>at the closing bell on Thursday as investors took profits. <\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+<\/strong><strong> could say \u201cno\u201d to more oil cuts at this week\u2019s meeting<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-26\/opec-doesn-t-plan-any-changes-to-oil-output-policy-next-week-delegates-say\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported last week, citing unnamed delegates who say the group needs to assess the impact of cuts already implemented this month. The cartel is due to meet on Thursday, 1 February. Russian oil major Gazprom Neft CEO Alexander Dyukov said \u201cthere is no need [to adjust the OPEC+ agreement]\u201d on the back of fresh production cuts and a seasonal rise in oil demand in spring, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/russias-gazprom-neft-sees-slight-surplus-global-oil-market-2024-01-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Aramco is working on refining and <\/strong><strong>chemicals<\/strong><strong> acquisitions in China and India<\/strong>, a senior company official told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-26\/aramco-hunts-for-asia-deals-to-boost-refining-and-chemicals\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. \u201cReally, the big growth markets for us are China, India and southeast Asia,\u201d he said. \u201cAs we speak today we have teams in China negotiating deals,\u201d he said.<\/p>\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\"> <a id=\"wwtt3\"><\/a> <strong>#1- Football legend Lionel Messi will lead a new global marketing campaign for the Saudi <\/strong><strong>Tourism Authority<\/strong> to challenge \u201cmisconceptions\u201d about the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/saudi-tourism-launches-latest-saudi-welcome-to-arabia-campaign-starring-lionel-messi-yt6mbeic\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The \u201cGo Beyond What You Think\u201d campaign will focus on target markets in Europe, India, and China, the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- A unified digital ID for properties will help digitize real estate services and streamline <\/strong><strong>operations<\/strong>, Ahmed Al Salman, general supervisor at the Justice Ministry-affiliated Real Estate Market platform told Asharq Business last week (<a target=\"_blank\" href=\"https:\/\/twitter.com\/i\/status\/1750541653624995847\" style=\"\" rel=\"noopener\">watch, runtime: 3:24<\/a>). The digital ID is a 16-digit number that covers all types of property and allows for access to everything related to the property, including ownership and services. Over seven mn temporary digital IDs and 500k active ones have been issued, according to Al Salman. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: <\/strong>The system will make it easier to buy and sell property.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Makkah, Madinah to become global investment and events destinations: <\/strong>The Federation of Saudi Chambers (FSC) signed a <a target=\"_blank\" href=\"https:\/\/www.iccia.com\/manafea-partnership\/\" style=\"\" rel=\"noopener\">m<\/a><a target=\"_blank\" href=\"https:\/\/www.iccia.com\/manafea-partnership\/\" style=\"\" rel=\"noopener\">anafea partnership<\/a><a target=\"_blank\" href=\"https:\/\/www.iccia.com\/manafea-partnership\/\" style=\"\" rel=\"noopener\">agreement<\/a> with the Islamic Chamber of Commerce and Development (ICCD) to turn Makkah and Madinah to a global investment hub and destination for international events, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2036216\" style=\"\" rel=\"noopener\">SPA<\/a> reported last week. <\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- Companies failing to abide by new online delivery regulations will be at risk of <\/strong><strong>financial penalties<\/strong>, Transport General Authority (TGA) spokesman Saleh Al Zowayeed told Asharq Business last week (<a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbKSA\/status\/1750549250952310882\" style=\"\" rel=\"noopener\">watch, runtime: 5:31<\/a>). Al Zowayeed didn\u2019t provide information about the fines. The new rules come into force in early April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The TGA is introducing new rules aimed at regulating online delivery that will gradually phase out self-employment for non-Saudis in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Landlords have until Saturday, 10 February, to apply for permits<\/strong> that will allow them to lease their properties to pilgrims during the Hajj season, the state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2036795\" style=\"\" rel=\"noopener\">SPA<\/a> reports citing an announcement by the Pilgrims\u2019 Housing Committee.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY AT HOME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New day, new alcohol rules \u2014 for some:<\/strong> The Kingdom will open its first alcohol shop in over 70 years exclusively for non-Muslim diplomats. The new store will open in the coming weeks in Riyadh\u2019s Diplomatic Quarter, according to a document seen by several news agencies. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-prepares-open-first-alcohol-store-diplomats-2024-01-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports that initial conditions will include:<\/p>\n<ul>\n<li>Access only for approved diplomats vetted by the Foreign Ministry;<\/li>\n<\/ul>\n<ul>\n<li>No one under 21 will be allowed in the shop; <\/li>\n<li>Monthly quotas will be in effect (they look generous);<\/li>\n<li>No sending your driver to pick up your hooch.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been expecting this: <\/strong>New rules to control imports of \u201cspecial goods\u201d and ethanolic beverages by foreign embassies in the Kingdom took effect last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>The government\u2019s Center for International Communication told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/saudi-arabia-prepares-open-first-alcohol-store-diplomats-2024-01-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> that the new rules aim to counter the illegal trade of alcohol. \u201cThis new process will continue to grant and ensure that all diplomats of non-Muslim embassies have access to these products in specified quotas,\u201d it said in a statement to the business newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come? <\/strong>Speculation in Riyadh is that this is the first in a series of moves that will see alcohol become available next in select hotels across the country as officials position the Kingdom as a more tourist-friendly destination. <\/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 class=\"tag-border-left\">THE BIG STORIES ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ongoing disruptions to shipping in the Red Sea continue to dominate global headlines <\/strong><strong>this morning<\/strong> on what\u2019s shaping up to be the first business day of a very busy week for news. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Houthis struck a tanker operated on behalf of shipping giant Trafigura <\/strong>in what the press is dubbing <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-27\/us-warship-fires-on-houthi-missile-hours-after-trafigura-attack\" style=\"\" rel=\"noopener\">the most serious attack yet<\/a> on a vessel in the Red Sea. There have been nearly 80 incidents since the Houthis began their attacks in late November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is pressing China to help bring pressure to bear on the Houthis<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f4fe30ce-3cbf-47f0-a1ad-7574b59f6f04\" style=\"\" rel=\"noopener\">Financial<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f4fe30ce-3cbf-47f0-a1ad-7574b59f6f04\" style=\"\" rel=\"noopener\">Times<\/a> notes.Beijing, worried about how the disruptions could impact its own exports, is now reportedly pushing Tehran to tell its proxies that enough is enough. <strong>Don\u2019t play ball? Business ties with China are at stake<\/strong>, diplomats have reportedly warned Iran, according to an exclusive from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/china-presses-iran-rein-houthi-attacks-red-sea-sources-say-2024-01-26\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The conflict in the Red Sea and the shipping disruptions to which it is giving rise look set <\/strong><strong>to drive volatility in natural gas prices this year<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7db41566-9d72-4253-bb95-67046e4fd0c7\" style=\"\" rel=\"noopener\">International Energy Agency warned<\/a> on Friday in its most recent quarterly report. Also impacting price volatility: The war in Ukraine and potential delay to the start of operations at a number of natural gas plants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco continues to send tankers through the Red Sea with both crude and oil products<\/strong>, Mohammed Al Qahtani, who leads the oil giant\u2019s refining and oil trading and marketing units, told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-26\/saudi-aramco-keeps-sending-oil-through-houthi-menaced-red-sea\" style=\"\" rel=\"noopener\">Bloomberg<\/a> last week. Risks, he said, are \u201cmanageable.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ONE THING TO READ that puts it all in context:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b4fa4132-680b-4494-aa32-980aa9dab9de\" style=\"\" rel=\"noopener\">The risks of relying on superpowers to<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b4fa4132-680b-4494-aa32-980aa9dab9de\" style=\"\" rel=\"noopener\">protect global trade<\/a> (the FT\u2019s Big Read this morning). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH KNOWING- A weeks-long ceasefire in Israel\u2019s war in Gaza could be in the <\/strong><strong>cards. <\/strong>Egyptian and Qatari negotiators, working in tandem with US officials, \u201care edging closer to an agreement in which Israel would suspend its war in Gaza for about two months in exchange for the release of more than 100 hostages still held by Hamas.\u201d <strong>The agreement could be sealed in the coming two weeks<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/27\/us\/politics\/hostage-deal-cease-fire-hamas-gaza.html\" style=\"\" rel=\"noopener\">New York Times<\/a> writes. <\/p>\n<p class=\"tag-border-left\">INNOVATION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kaust researchers develop eco-friendly cooling film:<\/strong>Researchers from King Abdullah University of Science and Technology (Kaust) have developed a novel passive cooling technique that uses a superabsorbent polymer film to lower temperatures without the use of any electricity, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/504fa33a-b4ef-4a71-ae44-23b639f7f6f2\" style=\"\" rel=\"noopener\">Enterprise Climate<\/a> reports. The team is now designing a process to produce the film at industrial scale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does it matter?<\/strong> The researchers demonstrated that the film can reduce the temperature by as much as 5\u00b0C under a partly cloudy sky, potentially saving up to 3.3% of the total energy consumption for cooling if used on a commercial scale. <\/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 Kingdom has submitted a bid to host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/worldwaterforum.org\/\" style=\"\" rel=\"noopener\">World Water Forum<\/a><\/strong><strong>in Riyadh in 2027<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2036574\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. The event is the largest international gathering in the industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Filipino exporters are coming to town next month: <\/strong>A business-matching tour will kick off on Saturday, 10 February, where a group of Filipino exporters of food, beverage and personal care products will tour Riyadh, Jeddah, and Dammam to market their businesses, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2449066\/world\" style=\"\" rel=\"noopener\">Arab News<\/a> reports.<\/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:\/\/www.experiencealula.com\/en\/alula-moments\/sports-events-in-alula\/alula-tour\" style=\"\" rel=\"noopener\">The AlUla Tour 2024<\/a><\/strong><strong> will kick off on Tuesday, 30 January and wrap up 3 February.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The PIF Private Sector Forum takes place in Riyadh <\/strong>on Tuesday, 6 February to Wednesday, 7 February, the PIF said on <a target=\"_blank\" href=\"https:\/\/twitter.com\/PIF_en\/status\/1746524937408368742\" style=\"\" rel=\"noopener\">Linkedin<\/a>. The event will bring together the fund, portfolio companies, private sector and others to help advance economic growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Hail Toyota International Rally which will kick off on 8 February<\/strong> and wrap up on 10 February. You have until Saturday, 27 January to <a target=\"_blank\" href=\"https:\/\/saudi-championship.samf.gov.sa\/%D8%A7%D9%84%D8%A8%D8%B7%D9%88%D9%84%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%AA%D8%B3%D8%AC%D9%8A%D9%84-2024\" style=\"\" rel=\"noopener\">register<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.scmf.events\/\" style=\"\" rel=\"noopener\">Saudi Capital Market Forum<\/a><\/strong><strong> will open on Monday, 19 February<\/strong> and wrap up on Tuesday. Held under the theme \u201cPowering Growth,\u201d the event will bring together members of the global financial landscape for discussions on the capital markets and investment strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">International Conference on Sand and Dust Storms in the Arabian<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dust.ncm.gov.sa\/register\/\" style=\"\" rel=\"noopener\">Peninsula<\/a><\/strong>from Monday, 4 March to Wednesday, 6 March. The conference will address regional challenges caused by sand and dust storms and discuss monitoring systems, mitigation strategies, economic and infrastructural impacts, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tickets are on sale for the 2024 Saudi Arabian Grand Prix<\/strong>, scheduled for Jeddah from 7-9 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh will host a World Economic Forum <\/strong>special meeting on 28-29 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>bin Farhan in Cairo for talks + MBC leads global IPO performance table for 2024 YTD<\/p>\n","protected":false},"author":1,"featured_media":82757,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[29,238,201,106,2553,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-ipo-watch","tag-logistics","tag-mbc","tag-real-estate","tag-regulation","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7f0d3cbf-df24-43c0-92f9-50f3042697c4","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/2256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: The launch of EnterpriseAM Saudi","related_issue":[82754],"teaser":"bin Farhan in Cairo for talks + MBC leads global IPO performance table for 2024 YTD","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.13507c4f-481b-43a7-b91c-d294d37b2113.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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