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  • Here Are the People Who Lost Millions Backing Musk’s Twitter Takeover

    Elon Musk took Twitter private in 2022, but he didn’t do it alone: the deal was backed by his wealthy allies in Silicon Valley, embattled hip-hop mogul Sean “Diddy” Combs, and holding companies based in Saudi Arabia and Qatar, according to a court document ordered unsealed by federal judge on Tuesday, which were first seen by the public late Wednesday night.

  • Cease-fire deal collapse threatens to ignite Middle East conflict

    The cease-fire negotiations were among the factors apparently holding Iran back from retaliating against Israel for the bombing of Hamas leader Ismail Haniyeh in Tehran last month, along with economic troubles at home and the recent election of a more moderate Iranian president, Masoud Pezeshkian, who wants to make his country more palatable abroad.

  • Why Iran and Hezbollah have not yet responded to Israel’s assassinations

    US and Arab officials believe if a ceasefire is reached it would lower regional tensions, giving Iran and its allies space to back down from their vows to avenge a pair of Israeli assassinations that have pushed the region to the brink. Hezbollah and Iran both pledged to retaliate for the killings of Hamas leader Ismail Haniyeh in Tehran and senior Hezbollah military commander Fuad Shukr in Beirut. But with ceasefire talks flailing and more than three weeks having passed since the killings, some wonder if Iran will respond at all.

  • Saudi World Cup bid bucks global trend for sporting events

    While other events at the games were held at existing venues, the swimming was the best example of how the Olympics has shifted from being an expensive construction endeavour to a more sustainable event that relies on a city’s existing infrastructure. Football’s Fifa World Cup is edging the same way with its requirement for countries bidding to host the event to use four existing stadiums.

  • Saudi Arabia crude oil exports drop in June

    The Organization of the Petroleum Exporting Countries (OPEC) is set to begin unwinding a level of production cuts of 2.2 million barrels per day from October. Earlier this month OPEC lowered its demand growth outlook for the first time in a year, citing softer expectations for China. Meanwhile, China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July.

  • Saudi Arabia’s series of law changes eases entry for investment and companies

    Two important laws that came out in the past week include an update to the new investment law which puts Saudi and non-Saudi investors on an equal footing and the amendments to the labour law that are expected to benefit employees and employers and enhance their relationship. As part of the law, there will no longer be a system of getting a foreign investment licence, instead, there will be an investment register that's operated by the Ministry of Investment.

  • Who are the Saudi Pro League’s biggest transfers of summer 2024?

    A blockbuster summer transfer window in 2023, which saw global superstars like Neymar, Karim Benzema and Riyad Mahrez join Cristiano Ronaldo in the Kingdom, contributed to an explosion of interest in the Saudi Pro League – putting it on the world football map like never before. Fast forward 12 months and the fanfare has subsided somewhat as clubs scaled back their signings this summer, with many opting instead to consolidate their existing personnel. Still, there have been plenty of notable forays into the transfer market, with Al Qadsiah and Al Ittihad particularly active – the former spending more than $50 million on reinforcements.

  • Summit set to make Saudi Arabia leading global AI model as envisioned by Crown Prince

    The 3rd Global AI Summit would showcase the advancements in artificial intelligence technologies with the participation of more than 300 speakers and specialists representing 100 countries from all over the world. Crown Prince and Prime Minister Mohammed bin Salman, who is also chairman of the Board of Directors of the Saudi Data and Artificial Intelligence Authority (SDAIA), will patronize the summit at the King Abdulaziz International Conference Center in Riyadh from September 10 to 12.

  • Immersive architectural tourism​ іn Saudi Arabia

    Digital tourism reflects a sophisticated strategy tо merge cultural heritage with cutting-edge technology, facilitating virtual access tо sacred sites, historical landmarks, and natural wonders. These efforts showcase Saudi Arabia’s commitment to innovation, as well as its dedication to foster a deeper global appreciation of its cultural and architectural treasures.

  • What to Make of China’s Moves in the Middle East

    In late July, 14 Palestinian factions including rivals Hamas and Fatah agreed “to end their divisions and form an interim national unity government” in a “Beijing Declaration” after negotiations in the capital that began on July 21. The talks followed an earlier attempt by China to broker a deal between Fatah and Hamas.