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  • Saudi Arabia hands over 2nd installment of monthly financial support to Palestine

    Naif Al-Sudairi, Saudi ambassador to Jordan, non-resident ambassador to Palestine, and consul general in Jerusalem, handed over the second installment of the monthly financial support to Finance Minister of Palestine Omar Bitar at the embassy headquarters in Amman on Monday. This financial aid is from Saudi Arabia to the Palestinian brothers to address the humanitarian situation in the Gaza Strip.

  • Saudi Arabia to Acquire Türkiye’s 5th-Generation KAAN Fighter Jet ?

    Türkiye and Saudi Arabia have recently strengthened their defense ties, marking a significant shift in their bilateral relations. This development was highlighted by a strategic summit in Jeddah in July 2024, where officials from both nations agreed to pursue high-value defense projects collaboratively. The two countries are exploring extensive technology transfer opportunities and joint production efforts, including the potential assembly of Türkiye's KAAN 5th-generation fighter jet in Saudi Arabia. This move aligns with Saudi Arabia's Vision 2030, which aims to build a self-sustained defense industry through partnerships with established defense manufacturers.

  • A Saudi tech institute chooses the US over China

    Byrne is following the lead of others in the kingdom. In May, the chief executive officer of the Saudi Public Investment Fund-backed fund Alat also said that if asked to choose between the US and China, the fund would divest from China. At a global AI summit in Riyadh last month, the Saudi Data and Artificial Intelligence Authority recently announced a deal to buy 5,000 Nvidia graphics chips to help develop an Arabic large language model, pending US government approval. The future of Saudi tech depends on the US and, it seems, the government and its most important institutions are signaling that while they don’t want to choose sides, the answer is clear as to who would win if they did.

  • Saudi Arabia ranks lowest globally in financial fraud crimes, says report

    Saudi Arabia ranks the lowest in terms of financial fraud crimes worldwide, according to the latest global report. The country secured the top global position in the Global Cybersecurity Index (GCI) for 2024, billed as the highest category of role-modelling. Al-Wakid said financial fraud prosecutions operate continuously, seven days a week, around the clock in all regions of the Kingdom, to receive reports of financial fraud from law enforcement agencies.

  • Preserving cultural legacy: Family office dynamics in the Middle East

    In the Middle East, commercial success has long been intertwined with heritage: family-owned businesses are the historic cornerstone of the region and to this day still comprise an estimated 60% of the region’s GDP. What differentiates these enterprises from traditional business is the centrality of legacy: a long-term vision focused on sustaining future generations and reinvesting into the community.

  • Saudi Film Confex considers role of film as a tool of cultural diplomacy

    Saudi Arabia’s Prince Turki Al Faisal bin Abdulaziz, chairman of the King Faisal Foundation’s Centre for Research and Islamic Studies, emphasized what he believed to be the power of cinema in fostering cultural exchange and showcasing Saudi heritage to the world, in an on-stage conversation of the second edition of the Saudi Film Confex in Riyadh (October 9-12).

  • Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce

    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.

  • Aramco Cancels Saudi Chemical Project as It Focuses on Asia

    Saudi Aramco has canceled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia. The cancellation is a sign Aramco is recalibrating its spending on chemicals to Asia, where it’s pursuing a series of deals in China that would also guarantee long-term demand for Saudi crude. Aramco sees the use of goods such as plastics outlasting the growth in consumption for gasoline and diesel amid the energy transition, with much of the expansion in chemicals likely coming from Asia.

  • A Saudi cartoonist has been sentenced to 23 years in prison, activists say

    Al-Ghamdi drew under the pen name Al-Hazza, with some of his cartoons poking fun at challenges during the holy Muslim fasting month of Ramadan, as well as touching occasionally on the politics of the Middle East. But political cartoons, like the content of Arabic-language newspapers in the Gulf states, must carefully thread the needle when discussing the region’s autocratic rulers even in the best of times.

  • New Saudi-U.S. Outfit WeirdBunch Launches With Aim to Make Marvel-Like Content With a Middle-East Flavor

    A new studio called WeirdBunch Entertainment, which aims to make Marvel-like content with a Middle-Eastern flavor, is being launched by a group of industry execs with offices in Saudi Arabia and Los Angeles. WeirdBunch brings together prominent Saudi puppeteer, producer and podcaster Ammar Al-Sabban, who worked on the Arabic adaptation of “Sesame Street”; Marvel comics writer B. Earl; Keith Fay, who is a former director of original series at Cartoon Network; and Saudi entrepreneur and financier Abdullah Al-Sabban.