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  • Saudi Arabia can be aviation hub for Middle East, air show boss says

    Capt. Fareess Muneer, who sits of the club’s board, said: “Sand & Fun 2024 serves as an inspiration for young Saudis interested in aviation careers, supporting the Kingdom’s goals to cultivate a skilled and passionate workforce in this sector.” More than 100 exhibitors from around the world are taking part in the event, which will feature aerial displays, interactive exhibitions and the latest advancements in aviation technology. About 100,000 visitors are expected to attend. The main attraction is likely to be the SkyVentures Air Show, featuring more than 15 international teams, including the Saudi Hawks and the Phoenix Paramotors Display Team from Poland, showing off their aerobatic artistry

  • Dr. Al-Rabeeah: 170 countries benefited from $133 billion aid from Saudi Arabia

    He said that since its establishment in 2015, KSrelief has carried out 3,105 projects in 104 countries, totaling more than $7.1 billion in value. These projects span various vital sectors, with Yemen receiving the largest share—63.12 percent of the center’s total aid—amounting to over $4.5 billion. Al-Rabeeah emphasized that KSrelief has initiated 1,017 projects to support women worldwide, benefiting more than 153 million women with a total value exceeding $674 million. He also noted that the welfare of children is a key priority in the center’s humanitarian efforts, as KSrelief has carried out 953 projects dedicated to children worth more than $909 million, benefiting over 181 million young individuals.

  • Frustrated Saudi Arabia hold Australia 0-0 away in World Cup qualifier

    Herve Renard marked his return to the Saudi Arabia dugout with a gritty 0-0 draw against hosts Australia as the Green Falcons fumed at a late disallowed goal that cost them maximum points in a crunch World Cup qualifier on Thursday. Both sides had chances in front of 27,000 fans at Melbourne Rectangular Stadium but Renard's players were furious after Sultan Al-Ghannam's late strike was ruled offside although it was confirmed by VAR after a long break in play.

  • Ceer & Rimac: Leading High-Performance EVs in Saudi Arabia

    Ceer, the first Original Equipment Manufacturer (OEM) in the Middle East, is building a range of world-class EVs to serve the Saudi and broader Middle Eastern markets. The partnership will supply Ceer’s upcoming flagship EVs with Rimac’s high-performance, fully integrated Electric Drive Systems (EDS), setting a new standard for EVs in the Middle East. Foxconn, another strategic partner, will oversee the vehicles’ electrical architecture, focusing on advanced infotainment, connectivity and autonomous driving technologies.

  • Embraer’s search for new airplane partner brings Saudi aviation ambitions to the fore

    Yet, Embraer’s chief executive was quick to tell TAC that the glacial progress on China has given way to a growing focus on the Middle East. “Another front, yes, that has progressed better than China is Saudi Arabia,” said Neto unbidden, remarking that the Brazilian plane maker is currently in talks for a “broad collaboration in Saudi.” Embraer is expected to provide a comprehensive update on its business during an investor day on Nov. 18 in New York City.  Embraer’s search for a partner for its next airplane isn’t new. Ever since the demise of its expansive joint venture with Boeing in 2020, Embraer has been seeking a deep-pocketed partner to help foot the bill for a new program, which was initially expected to be a 70 to 90-seat turboprop until Embraer put that project on hold at the end of 2022, citing a lack of availability of sufficient propulsion.

  • NEOM Names Phase One Design Team for Saudi Arabia ‘The Line’ Megaproject

    The team helping design phase one includes Austrian firm Delugan Meissl Associated Architects as urban designer. NEOM has appointed San Francisco-based Gensler as city planning consultant and city asset design architect for infrastructure, including transportation hubs and public spaces. And U.K.-based Mott MacDonald is the city infrastructure engineer, which will handle vertical and horizontal structures, as well as city utility systems.

  • Strained Israel-Jordan ties are further tested by Gaza, but a turnaround is possible

    30 years have passed since Israel and Jordan signed a peace treaty on Oct. 26, 1994. But instead of celebrations — and apart from a few conferences held by Israeli research centers — this anniversary was largely marked by disappointment and even despair. Relations, it is claimed, are at an all-time low, although this has been said before, and the future prospects seem bleak, as the war in Gaza continues and peace between Israelis and Palestinians seems more distant than ever.

  • COP climate talks not fit for purpose and need reform, say climate leaders

    Delegates struggled for hours on the opening day to agree an agenda and the mood has been soured by doubts about the United States' future role under a Donald Trump presidency, diplomatic spats involving the host nation and the withdrawal of the Argentinian delegation. Friday's letter, signed by more than 20 experts, former leaders and scientists, including former UNFCCC boss Christiana Figueres and former U.N. Secretary-General Ban Ki-moon, said the COP process had achieved much, but now needed an overhaul.

  • Saudi Fund’s $1 Billion Deal Boosts Middle East Selldowns

    A $1 billion stake sale in Saudi Arabia’s largest mobile phone operator is the latest sign that the market for follow-on equity offerings is picking up in the Middle East. Until recently, a three-year rush of initial public offerings in the Persian Gulf had yet to generate the surge in secondary share sales seen in other markets. But for the region’s sovereign wealth funds focused on raising cash to finance their economic transformation plans, follow-ons broaden their options for state-owned assets beyond the initial listing.

  • Saudi Arabia and IMF to co-host AlUla Emerging Markets Conference in February 2025

    The AlUla Emerging Markets Conference will bring together a distinguished group of finance ministers, central bank governors, policymakers, and public and private sector leaders from emerging markets, as well as representatives from international institutions and academia. It will provide a unique platform to exchange views on local, regional, and global economic developments and discuss policies and reforms aimed at stimulating inclusive prosperity and building resilience, supported by strong international cooperation, Al-Jadaan and Georgieva said.