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  • Benchmarking VC Investment Against Macro Dynamics: Middle East, SEA, and Africa Focus

    Singapore and the UAE lead the way with the highest VC/GDP ratios in their regions, averaging 1.49% and 0.22%, respectively, between 2019 and 2023. These hubs offer optimal environments for scaling into larger markets due to government-backed initiatives, favorable regulations, and sovereign wealth fund support. On the other hand, Indonesia and Saudi Arabia are emerging as key players. Saudi Arabia, in particular, has seen consistent year-on-year growth in VC/GDP contribution since 2019, setting it apart from other regions.

  • Israel and Hezbollah carry out new attacks amid fears of wider conflict

    Israel struck Hezbollah targets in southern Lebanon and its Iran-backed foe attacked military facilities in northern Israel on Tuesday, increasing fears of a full-blown conflict after Lebanon suffered its deadliest day in decades. Israel's military said it hit dozens of Hezbollah targets overnight, a day after carrying out airstrikes against the armed group which Lebanese authorities said killed 558 people, including 50 children and 94 women, and wounded 1,835. Tens of thousands more have fled for safety.

  • Climate goal to triple global renewable energy by 2030 within reach, IEA says

    A goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, the International Energy Agency said in a report on Tuesday, but will require a huge push to unlock bottlenecks such as permitting and grid connections. The report comes as leaders from government and business come together at New York Climate week to try to drive forward action against climate change.

  • Neymar backs Saudi Arabia’s uncontested 2034 World Cup bid

    Al Hilal forward Neymar has thrown his support behind Saudi Arabia's bid to host the 2034 World Cup, saying the event there would be "very exciting for everyone." FIFA is expected to rubber-stamp Saudi Arabia as host in an uncontested vote by the governing body's 211 member federations before the end of the year, with the Gulf nation the only candidate to enter the contest.

  • Saudi Arabia emphasizes the importance of Lebanon’s stability and sovereignty

    The Saudi Ministry of Foreign Affairs expressed grave concern over the ongoing security developments in Lebanon, reiterating the risks associated with the escalation of violence in the region and its potential impact on regional security and stability. According to a statement from the ministry, Saudi Arabia urges all parties to exercise maximum restraint and to distance the region and its people from the dangers of war.

  • Saudi FM calls for UN reform

    The UN system must be reformed to create a fairer and more equitable world order, Saudi Arabia’s foreign minister said on Monday. Addressing the UN at its headquarters in New York City, Prince Faisal bin Farhan warned that international institutions are “unfit for purpose,” as demonstrated by the UN’s inability to hold Israel accountable for “all the atrocities it has committed.” He was speaking a day after UN member states voted to adopt the “Pact for the Future,” a campaign to bring multilateralism “back from the brink” and galvanize support for achieving the organization’s Sustainable Development Goals.

  • Saudi Aramco to raise up to $3 bln in two-tranche dollar Islamic bonds, sources say

    Saudi Aramco (2223.SE), opens new tab is planning to raise up to $3 billion in five and 10-year U.S. dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter and a term sheet reviewed by Reuters on Tuesday. The sources could not be named as the information on the deal size had not yet been made public. Aramco, mostly owned by the Saudi Arabian government, did not immediately respond to a request for comment.

  • Saudi real estate: Dar Global, Mouawad announce MASSIVE $235mn luxury residential project in Riyadh

    The development, located near the World Expo 2030 site in the north of the city, marks Dar Global’s entry into the Saudi market and Mouawad’s expansion into luxury real estate. The project, set for completion in Q4 2026, will comprise 200 residential villas designed to blend contemporary aesthetics with timeless elegance. It aims to become one of Riyadh’s most prestigious addresses, catering to discerning buyers seeking sophisticated living spaces.

  • Saudi Arabia ranks 1st for government strategy in Global AI Index 2024

    Saudi Arabia has retained its top ranking for Government Strategy in 2024’s Global AI Index compiled by Tortoise Media, meanwhile the Kingdom shot up in the overall index from 31st place to 14th place.

  • Revealed: 100 best places for women to work in the GCC

    The 100 best places for women to work in the GCC have been revealed by a global research, training and consultancy firm. Great Place to Work revealed the top workplaces for women in 2024, breaking down the list to include 25 large, 25 medium and 50 small companies with outstanding female-friendly workplace culture across the region.