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  • A guide to Saudi Arabia’s athletes competing in the Paris 2024 Olympics

    Saudi athletes will be competing across four sports — athletics, equestrian, swimming and taekwondo — with seven men and three women included in the Paris-bound delegation. A total of four medals were scooped by Saudi athletes in 12 previous appearances at the Olympics, most recently a silver clinched by Tareq Hamedi in karate in Tokyo 2020.

  • Harris pushes Netanyahu to ease suffering in Gaza: ‘I will not be silent’

    U.S. Vice President Kamala Harris pressured Israeli Prime Minister Benjamin Netanyahu on Thursday to help reach a Gaza ceasefire deal that would ease the suffering of Palestinian civilians, striking a tougher tone than President Joe Biden. "It is time for this war to end," Harris said in a televised statement after she held face-to-face talks with Netanyahu. Harris, the likely Democratic presidential nominee after Biden dropped out of the election race on Sunday, did not mince words about the humanitarian crisis gripping Gaza after nine months of war between Israel and Hamas militants.

  • H1 2024 MENA Venture Investment

    In H1 2024, the MENA region secured $768M in total funding, experiencing a 34% decline from H1 2023. However, if we exclude MEGA (+$100M) deals, we see that the non-MEGA funding in H1 2024 saw a 3% increase compared to H1 2023. Interestingly, this increase was primarily driven by a 48% QoQ increase in non-MEGA deal funding we saw in Q2 2024. In contrast, SEA and Africa saw substantial declines in non-MEGA deal funding in H1 2024, compared to H1 2023, with SEA and Africa experiencing 37% and 55% declines, respectively.

  • How Israeli attack helped Houthis push Saudis to tame Yemeni rivals

    In Yemen, the Ansarullah movement and the internationally-recognized government have struck an “economic de-escalation accord” reportedly mediated by Saudi Arabia. The agreement is a major breakthrough for Ansarullah, better known as the Houthis. The group had threatened the Kingdom with “war” unless escalating economic warfare by its Yemeni rivals was halted. The Saudi mediation notably follows warnings by senior Houthi officials of a severe response if Riyadh is found to have enabled the recent Israeli airstrikes in Yemen.

  • UAE, Saudi Arabia lead strong GCC consumer shift towards flexitarianism, healthy eating

    The GCC region, especially the UAE and Saudi Arabia, is seeing a strong consumer shift towards eating healthy, with an increasingly high share of non-vegetarians opting for more plant-based diets, industry experts said. This shift is poised to trigger a projected eight-fold surge in the size of the plant-based meat market to $500 million by 2030 from a mere $60 million in 2023, recent market research suggests. In contrast, the region’s meat market, estimated at $17 billion last year, is projected to reach only $26 billion during this period – a mere 53 percent rise.

  • Netanyahu sketches vague outline for post-war Gaza

    Israeli Prime Minister Benjamin Netanyahu sketched a vague outline of a plan for a "deradicalized" post-war Gaza in a speech to Congress on Wednesday and touted a potential future alliance between Israel and America's Arab allies. While dozens of Democrats boycotted his remarks and thousands of pro-Palestinian protesters demonstrated nearby, Netanyahu dismissed criticism of an Israeli campaign that has devastated the Palestinian enclave and killed more than 39,000 of its residents, according to Gaza health officials.

  • Staggering 68 pct of Saudi firms plan to use GenAI for enhanced security: Study

    Some 68 percent of organizations in Saudi Arabia plan to use generative AI (GenAI) within the next 12 months to enhance security measures, a new study by exposure management company Tenable found. The data for the study was commissioned in October 2023 by Forrester Consulting on behalf of Tenable.

  • Temporary ban on Brazilian poultry imports will not impact Saudi market, says committee

    The National Committee of Poultry Producers at the Federation of Saudi Chambers has downplayed the impact of the temporary ban on importing poultry products from Brazil due to the outbreak of Newcastle disease on the Saudi market. The committee's chairman, Mohammed Al-Shaya, stated that the temporary ban from Brazil would not significantly affect the quantities available in the Saudi market or the prices. This is because the Kingdom relies on local production to meet its market needs for both fresh and frozen poultry.

  • Communication gaps hinder Saudi gigaprojects

    In hindsight, the lack of detail was due to the fact that their masterplans had either not been completed or approved, which meant that specific project elements could not be publicised. For example, the Red Sea project was first announced in mid-2017, but it was not until early 2019 that its masterplan was approved and more details could be revealed.

  • Saudi Coffee: A New Chapter in the History of Arab Coffee

    The country consumes over 80,000 tons of coffee annually, ranking among the top 10 countries worldwide in terms of consumption per capita. The market imports 70,000-90,000 tons of coffee annually, and Saudis spend over 1 billion Rials on coffee annually. By the end of 2021, the kingdom had 400,000 coffee trees in 600 farms, with plans to plant 1.2 million by 2025.