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  • Oil hasn’t been this cheap for years. You can thank China

    Oil futures were trading below $70 a barrel on Wednesday, the lowest levels they’ve seen since 2022. One of the factors hitting prices is the wrong kind of OPEC cut: The cartel said in its monthly oil report Tuesday that it is now forecasting global oil demand to increase by just 2 million barrels per day this year, down from the 2.1 million barrels it mentioned last month.

  • Afghan women endure draconian Taliban, 23 years after 9/11

    But 23 years after 9/11, the Taliban hold sway. Their fundamentalist interpretation of Islamic doctrines is the law of the land. Their draconian edicts once more asphyxiate Afghanistan society. And Afghan women, as they were a generation ago, are yet again thwarted from school, restricted in all they can do and banned from revealing their faces and even their voices in public.

  • BlackRock-managed fund buys stake in Saudi-Bahrain pipeline

    A BlackRock-managed fund (BLK.N), opens new tab has bought a minority stake in a pipeline linking Saudi Arabia and Bahrain from Bahrain state oil firm Bapco Energies, the two firms said on Wednesday, as the small Gulf state tries to extract value from its energy assets. A fund managed by BlackRock's Diversified Infrastructure business bought the stake in Saudi Bahrain Pipeline Company (SBPC), they said in a joint statement.

  • Saudi Arabia to stage first-ever Billboard Arabia Music Awards

    Saudi Arabia’s Billboard Arabia is set to stage the first-ever Billboard Arabia Music Awards (BBAMAs) in Riyadh to celebrate the Arab musical talent from across the region. The awards is set to take place on December 11, 2024, at King Fahad Cultural Center in Riyadh, and will form part of the first-ever Riyadh Music Week, an initiative bringing together the global music community for a series of music festivals and events.

  • Saudi Aramco Boosts Cooperation With Chinese Petrochemical Giants

    The agreement is a follow-up of an April cooperation agreement about forming the joint venture in SASREF, as well as significant investments in the Saudi and Chinese petrochemical sectors. Rongsheng could potentially buy 50% stake in SASREF, the development of a liquids-to-chemicals expansion project at SASREF, while Aramco could acquire 50% in Rongsheng’s affiliate Ningbo Zhongjin Petrochemical Co. Ltd. (ZJPC), and participate in ZJPC’s expansion project.

  • Saudi: Nationwide Initiative To Replace Old ACs

    Previously, a similar effort targeted seven major Saudi cities and ended in late 2023. Created in 2010, the Saudi Energy Efficiency Centre also launched an initiative for installing high-efficiency air conditioners that ended in late 2021. The air conditioner market in Saudi Arabia is projected to rise in value from the current SR2.3 billion to SR3.1 billion by 2029, according to a recent media report.

  • Qualcomm, Aramco and RDIA Plan Design in Saudi Arabia Startup Program

    Qualcomm, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

  • KAPSARC Leverages GIS for Off-Grid EV Charging in Saudi Arabia

    So, while EVs certainly lower greenhouse gas emissions, EVs will continue to emit CO2 until the grid is completely green. Thus, charging EVs off-grid with a charging mechanism based on 100% renewable energy creates EVs that produce no tailpipe emissions and none from the charging power.

  • Saudi Arabia: Women’s fashion projected to become $53bn market by 2030

    Rising female workforce participation, coupled with increasing westernisation of clothing, besides rising social media influence and mushrooming of online shopping platforms are the driving forces for the unprecedented growth in the fashion wear segment in Saudi Arabia, the research by global advisory firm RedSeer said.

  • First Iraqi car enters Kuwait after 33 years

    Iraqi Ambassador to Kuwait, Al-Manhal Al-Safi, announced yesterday the entry of the first Iraqi car into Kuwait in more than 33 years. This came ahead of the football match between the Iraqi and Kuwaiti national teams in the Asian qualifiers for the 2030 World Cup, scheduled to be held tomorrow. Al-Safi said on his account on X that the car belongs to an Iraqi citizen who came to attend the match, and thanked Kuwait for the warm reception.

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