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  • Christie’s will become first global auction house to operate in Saudi Arabia

    Heading up the firm’s latest location is Nour Kelani, who has been appointed to the newly created role of managing director, Christie’s Saudi Arabia. Based in the capital Riyadh, she will lead Christie’s client services for the fine art and luxury secondary business to “build on long-established clientele in the Kingdom and engage with the next generation of collectors”, according to a release.

  • Saudi Aramco wants to be a major LNG gas player, gas chief says

    The world's largest oil producer, Saudi Aramco (2222.SE), opens new tab, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the GasTech energy conference in Houston. The Saudi oil giant last year acquired from EIG Global Energy Partners LLC a minority stake in MidOcean Energy for $500 million, its first foray into LNG abroad. This month, it increased its stake to 49%.

  • Hezbollah exploding pager trail runs from Taiwan to Hungary

    The detonation of thousands of pagers targeting Hezbollah in Lebanon has left a mysterious trail from Taiwan to Hungary, while raising the prospect of another full-scale war in the Middle East between the Iran-backed group and arch-foe Israel. Israel's Mossad spy agency, which has a long history of pulling off sophisticated attacks on foreign soil, planted explosives inside pagers imported by Hezbollah months before Tuesday's detonations that killed nine people, a senior Lebanese security source and another source told Reuters.

  • Hezbollah vows to punish Israel after pager explosions across Lebanon

    Militant group Hezbollah promised to retaliate against Israel after accusing it of detonating pagers across Lebanon on Tuesday, killing nine people and wounding nearly 3,000 others who included fighters and Iran's envoy to Beirut. Lebanese Information Minister Ziad Makary condemned the late-afternoon detonation of the pagers - handheld devices that Hezbollah and others in Lebanon use to send messages - as an "Israeli aggression". Hezbollah said Israel would receive "its fair punishment" for the blasts.

  • Middle East renewable energy investments to pass $75bn by 2030

    The Middle East is on course to take $75.63bn of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council. These investments involve 116 renewable energy projects, which are tracked by the EICDataStream database, and are forecast to come on stream between 2025 and 2030.

  • Commentary: Workplace child care in Gulf countries would help employed mums. What gets in the way?

    As a result, it is much more efficient to have – hypothetically – two childcare facilities serving 30 children each than it is to have 10 childcare facilities serving six children each. Certainly, in the case of an office tower with thousands of employees, having a shared, building-level childcare facility is economically sound. However, for smaller workplaces such as a bank branch, a clothing store or a coffee shop – where many Gulf women work – mandating an establishment-level childcare facility is both costly and highly inefficient.

  • Saudi oil giant spends well over a billion on ‘sportswashing,’ new report says

    “Sportswashing isn't new,” Orr said, noting the practice was developed by Western oil companies to head off potential uprisings in local communities that were grappling with worker rights and public safety. “For decades, sports have been a very effective tool for selling things, from sports drinks to shoes, flights to cereal,” she added. According to the study, the sports that attract the largest sums include football, motor sports, rugby union and golf.

  • Saudi Arabia is topper in region and 4th globally in UN digital services index

    Saudi Arabia emerged topper in the region and fourth globally in the UN digital services index. The Kingdom jumped 25 places in the UN E-Government Development Index (EGDI) 2024, becoming one of the leading countries worldwide. It ranked second among G20 countries in the index. Additionally, the Kingdom secured 7th position in the e-participation index, while the city of Riyadh ranked 3rd among 193 cities worldwide.

  • Saudi’s Aramco Digital announces multiple AI partnerships

    Aramco Digital Company and Groq, a major name in the field of artificial intelligence (AI) inference, have announced a partnership to establish the world's largest inferencing data centre in Saudi Arabia. But it's far from the only recent AI news from the digital and technology subsidiary of Aramco, the giant global integrated energy and chemicals company.

  • Egyptian cabinet says Saudi Crown Prince told PIF to pump $5 bln into Egypt as ‘first stage’

    The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund (PIF) to pump $5 billion worth of investment money into Egypt in what it called a "first stage". The statement came after Egyptian Prime Minister Mostafa Madbouly met the Saudi crown prince in Riyadh and discussed boosting bilateral relations. The statement contained no further details on when the funds are going to be invested, the nature of the investments or in how many stages the Saudi government is planning to make its investments.