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  • Saudi Arabia Wants to Be A Movie Capital. Will Hollywood Go Along?

    Anyone looking for cash needs to get creative. Qatar, Saudi Arabia and the Emirates have all benefited from soaring oil prices and need to deploy their capital across many industries. Private-equity funds, venture capitalists and investment bankers are all spending more time in the Middle East, and Saudi Arabia in particular. (When I called one venture capitalist to pick their brain on this subject, they answered my call from Riyadh, the Saudi Arabian capital.)

  • Opinion: Iran enriched uranium to 84 percent — but can it make a nuclear bomb?

    The new figure was discovered by monitoring equipment operated by the world’s nuclear watchdog, the International Atomic Energy Agency (IAEA). But the Bloomberg report did not reveal how much uranium enriched to this extent Iran has produced. The amount needed for a nuclear bomb is about a grapefruit-sized worth, which would weigh around 33 pounds. (Uranium metal is even more dense than lead.)

  • China pulls off balancing act in Middle East ties – but for how long?

    “China’s role in the Middle East has been neutral and even transcendent,” he said. “[But] since the recent China-GCC summit, it seems to be more proactive and avoiding ambiguity on some sensitive issues.” In a joint statement on Thursday, China and Iran pledged to work closely on politics and the economy, but stopped short of mentioning cooperation in the oil trade and the use of the yuan in bilateral trade and investment – areas that have drawn scrutiny from the West.

  • What is Founding Day in Saudi Arabia and how is it different from National Day?

    February 22 marks Saudi Arabia's Founding Day, a new annual holiday to commemorate the founding of the first Saudi state in Arabia. The holiday was established with a royal decree issued by King Salman last year through the official Saudi Press Agency. It said the move is meant to commemorate the history of Saudi rule dating back hundreds of years. It is a different event to Saudi National Day, which is marked on September 22.

  • Explainer: Which industries pay CO2 costs in Europe?

    The price of carbon emissions permits in Europe's carbon market, the world's most established, hit a record high of 100 euros ($107) per tonne on Tuesday. Here's what you need to know about the European Union's emissions trading system (ETS) and sectors affected by rising costs in the scheme:

  • Could Turkey’s deadly quakes be followed by more in the Middle East?

    About 900 years ago, there was a series of large-magnitude earthquakes that propagated from the East Anatolian fault, from north to south. The quakes ruptured the fault in the same area hit Monday. Over the decades, there were half a dozen powerful earthquakes, moving southward on the fault system through coastal Syria into Lebanon, Dolan said, ultimately “culminating in a very large earthquake on the Dead Sea Transform fault system in 1202, mainly centered in Lebanon but extending farther south.”

  • Can Vertical Farming Cut The Middle East’s Reliance On Food Imports?

    Globally, the biggest vertical farming market is the United States, but growth could accelerate quickly in other countries with limited space, such as Singapore, or with a tough climate, like those in the Middle East.

  • Explainer: Why was the Turkey-Syria earthquake so bad?

    On average, there are fewer than 20 quakes over 7.0 magnitude in any year, making Monday's event severe. Compared with the 6.2 earthquake that hit central Italy in 2016 and killed some 300 people, the Turkey-Syria earthquake released 250 times as much energy, according to Joanna Faure Walker, head of the University College London Institute for Risk and Disaster Reduction. Only two of the deadliest earthquakes from 2013 to 2022 were of the same magnitude as Monday's quake.

  • Is China poised to help other unaligned powers usurp the dollar?

    China has the most to gain from dethroning the dollar. So long as the dollar reigns supreme, unilateral U.S. sanctions on Chinese companies and banks will inhibit Beijing’s rise. China has been at work for years trying to develop its own version of SWIFT, the Belgian based messaging service that lets banks around the world talk to each other and confirm cross-border transactions. SWIFT has long deferred to the United States and generally complies with secondary U.S. sanctions against foreign commercial entities and countries. China calls its new system CIPS, which stands for Cross-Border Interbank Payment System.

  • Saudi Arabia salary guide 2023: How much should you be earning?

    Salaries in Saudi Arabia are expected to rise by an average of 3 per cent in 2023, driven by a surge in new jobs created by mega-projects such as Neom and organisations setting up operations in the kingdom, according to recruitment experts. Almost half, or 43 per cent, of companies in Saudi Arabia that responded to a survey by recruitment company Cooper Fitch said they planned to increase salaries in 2023.