MUST-READS

• World’s Most Ambitious Trade Route Stalls in Mideast Turmoil

  The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor — a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.

  That’s a setback for US strategy, because the plan served multiple purposes – to counter China’s Belt and Road infrastructure program, build influence in the so-called “Global South,” and speed up the hoped-for rapprochement between Israel and Saudi Arabia.

• Middle East Sector Outlooks Reflect Geopolitical Risk, Oil Assumptions

  The Israel-Hamas war has increased geopolitical risks and set back the previous trend of regional de-escalation, which is reflected in the deteriorating sovereign sector outlook in the Middle East, Fitch Ratings says. The neutral outlooks for other sectors reflect high oil price assumptions and supportive economic conditions.

• IBM inaugurates regional Saudi headquarters in Riyadh

  Krishna said that the investment in Saudi Arabia reinforces the firm’s longstanding commitment to the Kingdom. IBM first established its presence in Saudi Arabia in 1947, and has since worked on hundreds of projects in the government and private sectors. In recent years, IBM has worked with government, businesses and partners to help enhance the Kingdom’s tech landscape, including the local digital infrastructure, tech ecosystem and Saudi talent.

• All about Saudi Founding Day

  Saudi Founding Day or just Founding Day is all about celebrating Diriyah becoming the capital of the First Saudi State in 1727. Introduced in 2022, the holiday involves fireworks, drone shows, and people dressed in traditional outfits of their region. Folklore dances are an integral part of the Saudi national celebrations as well and you can find street performers on most major streets of the capital.

• French Rafale ‘Dogfights’ Eurofighter Typhoon For Lucrative Saudi Fighter Contract

  The Dassault Rafale is a twin-engine multi-role aircraft that can carry out air-to-air combat or can drop bombs on targets in air-to-ground missions, and owing to its cameras, radars, and sensors, can be used for intelligence gathering. The French fighter jet has already been deployed in Afghanistan, Libya, Iraq, Syria, and Mali, where it flew its most extended mission in 2013, spanning nine hours and 35 minutes.

• Saudi Arabia jumps 25 places in World Bank’s national statistics indicator

  Saudi Arabia’s economic data is demonstrating increased availability and maturity, with the nation advancing 25 places on the World Bank’s most recent Statistical Performance Indicators report. The Kingdom ranked first in the Gulf region and advanced four places among countries of the G20 to rank 15th, compared to 19th in 2019. The World Bank’s ranking takes into account the maturity and performance of the statistical systems of 186 countries.

• Al Nassr postpones matches in Shenzhen due to uncontrolled circumstances

  In an unexpected turn of events, Al Nassr Club has announced the postponement of its highly anticipated matches in Shenzhen, initially scheduled for Jan. 24 and 28.

  The club cited unforeseen circumstances beyond their control as the reason for this delay, with new dates yet to be determined. Despite this setback, Al Nassr expressed deep respect for Chinese football enthusiasts, particularly fans of star player Cristiano Ronaldo.

• Saudi Arabia set to allow foreign investments in real estate of companies in Makkah and Madinah

  Mohammed Elkuwaiz, chairman of the Board of Directors of the Saudi Capital Market Authority (CMA), said that the authority intends to allow non-Saudis to invest for the first time in listed companies that own real estate in the holy cities of Makkah and Madinah. The authority is working to diversify financing products in the capital market during the current year by developing the debt market, real estate contributions, and a number of developments in the funds sector.

• Arab Peace Proposal for Gaza Takes Shape as Top Biden Adviser Lands in Region

  The proposal, submitted to Israel via the U.S., is the first joint plan by Arab states to end the war in Gaza and set a pathway toward a two-state solution. Saudi Arabia, which is one of five Arab countries making the proposal, is offering to normalize ties with Israel in return, a process derailed by the Hamas-led attack on Oct. 7.

• stc, Saudi Railway Company Partner to Elevate National Cybersecurity

  stc group has announced a strategic partnership between its subsidiary, sirar by stc, and the Saudi Railway Company (SAR), the owner and operator of railway networks in Saudi Arabia. This collaboration is set to revolutionize the realm of Information Technology and technological innovation within the Kingdom's critical infrastructure. This will facilitate an alliance for a strategic move to deepen the national expertise in cybersecurity and technology within critical infrastructure sectors.

• 10 of 24453 results<< 1 … 314 315 316 … 2,446 >>