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  • Saudis Eye Big Investment to Kick Off Foray Into Semiconductors

    Saudi Arabia’s sovereign wealth fund is planning to make big investments in both the semiconductor and space industries this year as the kingdom accelerates efforts to diversify its economy away from oil.

    The Public Investment Fund is looking at making a “sizable investment” this year into the semiconductor industry, Saudi Minister of Communications and Information Technology Abdullah Alswaha said in an interview at the World Economic Forum in Davos. “They plan to make an announcement on a particular champion within the space to lead the Saudi efforts,” he said, declining to give further details.

  • US Red Sea coalition weak because regional powerhouses abstained-Yemen VP

    The U.S.-led coalition meant to safeguard commercial traffic in the Red Sea against attacks by Yemen's Iran-aligned Houthis is weak because regional powerhouses Saudi Arabia, the UAE and Egypt did not take part, Yemen's vice president said on Tuesday.

    The Houthis have been attacking shipping in the Red Sea to protest against Israel's bombardment of Gaza, a war that threatens to spread across the Middle East.

  • Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price

    Just weeks before Hamas launched its October 7 attack on Israel, Saudi Arabia said it was inching closer to normalizing diplomatic ties with the Jewish state. Despite three months of war that have left more than 23,000 Palestinians dead and the Arab world seething, Riyadh is signaling that a recognition of Israel could still be on the table.

    On another tour of shuttle diplomacy across the Middle East, including to Saudi Arabia and Israel, US Secretary of State Antony Blinken last week said that normalization talks continue to take place and “there is a clear interest in the region in pursuing that.”

  • Saudi Arabia plans for ‘futuristic’ clifftop 2034 World Cup stadium revealed

    Saudi Arabia has unveiled designs for a hi-tech stadium atop a 200-metre high cliff near Riyadh where the kingdom plans to stage games at the 2034 World Cup.

    The 45,000-seat venue will be named Prince Mohammed bin Salman Stadium for the crown prince of the oil-rich kingdom that wants to become the major player in world sports over the next decade. The design has a retractable roof and field, plus an LED wall with hundreds of metres of screens to create an immersive experience for fans, the Qiddiya Investment Company said in a statement.

  • Saudi Arabia’s Ministry of Media launches Horizon documentary on Netflix, about wildlife in the Kingdom

    The film, the latest production of the Konoz Initiative, aims to raise awareness of Saudi Arabia’s species richness and biodiversity and its distinctive geographical areas, and highlights the leading efforts exerted by the Kingdom to protect wildlife, preserve rare species, and acquaint the world with its various rich resources. The documentary showcases Saudi Arabia’s picturesque nature, its diverse plant and animal life, and the abundant riches of its lands.

  • Rafael Nadal signs Saudi tennis ambassador deal as Kingdom continues assault on sport

    Rafael Nadal has become an ambassador for the Saudi Tennis Federation, it was announced on Monday, as Saudi Arabia continued to extend its power-base within the world of sport. This is another high-profile signing for the STF, which hosted its first ATP event last year – the Next Gen Finals in Jeddah – and is expected to add the WTA Finals at the end of this season. Although the spectre of a LIV Golf-style breakaway has hovered over tennis for the past couple of seasons, the Saudis have thus far worked within the system rather than trying to challenge it directly.

  • Is Saudi Arabia Giving Up On Oil?

    It is now common to hear about Saudi Arabia’s ambitious new investments. Many will have seen advertisements of the new futuristic city, Neom, near the Red Sea. It is meant to run completely on renewable energy, a surprising plan for a top oil exporter. There are also lavish investments on sports; some say it is “sportswashing” with $6.3 billion spent since 2021. This includes buying clubs overseas and paying an estimated $214 million for football player Cristiano Ronaldo.

  • Spanish rider Carles Falcon dies after Dakar Rally crash

    Spanish motorcycle rider Carles Falcon has died more than a week after crashing in the Dakar Rally in Saudi Arabia, his team said on Monday. Falcon, 45, had been in an induced coma since he was flown to hospital in Riyadh, and then back to Spain, after falling 448km into the second stage on Jan. 7 from Al Henakiyah to Al Duwadimi. Race director David Castera told reporters at the time that the rider, who was competing in the endurance event for the second time after finishing 68th in 2022, had lacked a pulse but was resuscitated by the first doctor to arrive on the scene.

  • Yemen’s Houthis threaten to hit US ships as more tankers steer clear

    Yemen's Houthi movement will expand its targets in the Red Sea region to include U.S. ships, an official from the Iran-allied group said on Monday, as it vowed to keep up attacks after U.S. and British strikes on its sites in Yemen. Attacks by the Houthis on ships in area since November have impacted companies and alarmed major powers in an escalation of Israel's more than three-month war with Hamas militants in Gaza. The group says it is acting in solidarity with Palestinians.

  • Saudi workforce surges with 34% Saudization in operation and maintenance sector

    Saudi nationals’ participation in the workforce continues to increase, with Saudization in the operation and maintenance sector reaching 34 percent. This achievement, highlighted in a release by the Ministry of Human Resources, serves as a testament to the success of the Labor Localization and Maintenance Contracts service initiative.