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  • How young people are impacting the Middle East’s economic landscape

    CNN's Eleni Giokos sits down with Jihad Azour, director of the IMF's Middle East and Central Asia department, who explains how youth are shaping economies across the region.

  • US conducts first airdrop of humanitarian aid into Gaza

    The US said on Saturday it had carried out the first airdrop of humanitarian aid into Gaza, with more than 30,000 meals parachuted from military planes, Anadolu reports. “U.S. Central Command and the Royal Jordanian Air Force conducted a combined humanitarian assistance airdrop into Gaza on March 2, 2024, between 3:00 and 5:00 p.m. (Gaza time) to provide essential relief to civilians affected by the ongoing conflict,” said CENTCOM in a statement. “U.S. C-130s dropped over 38,000 meals along the coastline of Gaza allowing for civilian access to the critical aid,” it said. “We are conducting planning for potential follow-on airborne aid delivery missions. These airdrops are part of a sustained effort to get more aid into Gaza, including by expanding the flow of aid through land corridors and routes,” said CENTCOM.

  • Foster + Partners designing two-kilometre-high skyscraper in Saudi Arabia

    UK studio Foster + Partners is reportedly designing a two-kilometre-high skyscraper in Riyadh, Saudi Arabia, which if completed would be the world's tallest building. According to a report in UK architecture magazine Architects' Journal (AJ), the UK studio is designing the megatall skyscraper for a site to the north of the Saudi capital. The AJ reports that the skyscraper will be located near the city's international airport, which is currently being redeveloped by Foster + Partners.

  • Saudi Arabia launches bid campaign to host 2034 World Cup

    Saudi Arabia is the only contender to host the 2034 World Cup after Australia opted against a bid. The Gulf state submitted a letter of intent to Fifa last October declaring its interest in hosting. Despite being the only bidder, Fifa regulations require Saudi Arabia to formally bid for the tournament. In December, Saudi Arabia’s sports minister Prince Abdulaziz bin Turki Al Faisal defended the country’s right to host the World Cup, adding that claims of sportswashing were “very shallow”.

  • Niemann wins in Saudi Arabia for 2nd LIV Golf title of the year

    Joaquin Niemann won his second LIV Golf title in three starts, closing with a 4-under 66 on Sunday at LIV Golf Jeddah for a four-shot victory over Louis Oosthuizen and Charl Schwartzel. Niemann now has three wins in the last three months, starting with the Australian Open victory in December that allowed him to rejoin the European tour and eventually put him on the path toward getting invited to the Masters.

  • Saudi-based Deep-Tech VC Fund Beta Lab makes strategic investment in Cross-Border fintech startup EximPe

    Beta Lab, a leading Saudi venture capital firm specializing in deep tech innovations, is excited to announce its recent strategic investment in EximPe, marking a significant expansion into the MENA region. This collaboration aligns with Beta Lab’s mission to disrupt traditional sectors through deep tech and supports our commitment to fostering innovative solutions that simplify complex challenges. The funding will be utilized to further Eximpe’s mission of using technology to simplify cross-border transactions and expand its reach with SMEs.

  • OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants

    Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the multinational organization noted Sunday. Saudi Arabia led the pack by extending its previously-implemented cut of 1 million barrels a day through the end of 2024's second quarter.

  • AWS to Launch an Infrastructure Region in the Kingdom of Saudi Arabia

    Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as healthcare, education, gaming, and nonprofit organizations, greater choice for running their applications and serving end users from data centers located in the Kingdom of Saudi Arabia, ensuring that customers who want to keep their content in-country can do so. As part of its long-term commitment, AWS is planning to invest more than $5.3 billion (approx. 19.88 billion Saudi riyal) in the Kingdom of Saudi Arabia. For more information about AWS Global Infrastructure, visit aws.amazon.com/about-aws/global-infrastructure.

  • OPEC to Extend Oil Production Cuts Through June

    Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. Saudi allies including Kuwait and the United Arab Emirates said Sunday that they would also continue their reductions. The decision to keep output cuts in place was expected and appears intended to bolster what might otherwise be weak oil prices. Some analysts forecast that the supply of oil will exceed demand in the first half of this year. Without continued cuts, prices might sink.

  • UiPath Announces Investments in Saudi Arabia, Including First Saudi School of Automation and New Office Location in Riyadh

    UiPath, a leading enterprise automation and AI software company, today announced at LEAP 2024 its commitment to supporting digital transformation and workforce upskilling via modern AI and automation technologies in Saudi Arabia with new investments in the Kingdom. The UiPath Business Automation Platform connects people, technology, and processes in one integrated platform to further human achievement, advance innovation, and create more efficient ways of working.