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  • Red Sea Global Partners With EDF And Masdar For 25-Year Solar-Powered Amaala Project In Saudi Arabia

    Red Sea Global (RSG), the developer behind Amaala and The Red Sea, has partnered with French utility firm EDF and clean energy company Masdar to establish a 25-year concession agreement for a multi-utilities infrastructure facility serving the Amaala destination. Similar to The Red Sea, Amaala will rely entirely on solar energy, reducing CO2 emissions by nearly half a million tons annually.

  • Saudi Esports Federation, KFC team up to empower female gamers

    In a move that promises to revolutionise the esports landscape in Saudi Arabia, the Saudi Esports Federation (SEF) and Kentucky Fried Chicken (KFC) have unveiled a transformative three-year partnership. This groundbreaking collaboration is dedicated to advancing local gaming talent onto the global stage and includes an initiative aimed at empowering women gamers.

  • The Mideast Power Brokers Who Control $2.7 Trillion in Assets

    The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking. Flush with cash from last year’s commodity boom, entities from Abu Dhabi Investment Authority to Saudi Arabia’s Public Investment Fund have splashed out billions of dollars on everything from technology and finance to sport, in countries spanning Australia to Canada.

  • Saudi Acwa Power signs hydrogen agreement with Italian partners

    The Saudi-listed Acwa Power developer and investor in power generation signed a Memorandum of Understanding (MoU) with Italian energy major Eni and five other Italian companies to bolster cooperation in renewable hydrogen, as well as water desalination. The agreement was reached on the sidelines of the Saudi-Italian Investment Forum held in Milan on 4 September. Under the terms of the MoU, Eni and ACWA Power will cooperate in renewable hydrogen research and development of sustainable technologies.

  • Gabon Coup: Officers Say They Are Seizing Power

    A group of military officers said they had seized power in the oil-rich Central African nation of Gabon early Wednesday, overturning the results of a disputed election that returned the incumbent, President Ali Bongo Ondimba, for a third term in office. Appearing on a state-run TV station early on Wednesday, a few hours after Mr. Bongo was declared the winner of last weekend’s vote, the officers declared they were annulling the result, suspending the government and closing Gabon’s borders until further notice. There was no immediate reaction from Mr. Bongo, one of France’s closest allies in Africa, or his government. Bursts of gunfire were heard in the capital, Libreville, from the vicinity of the presidential residence, shortly after the broadcast ended.

  • Saudi Arabia weighs nuclear power offers from China and France in bid to sway US

    Saudi Arabia is considering bids to build a nuclear power station from countries including China, France and Russia as the kingdom seeks to sway the US over a sensitive security pact. The kingdom, which is the world’s largest oil exporter, has long sought its own civil nuclear capability and has made US assistance with the programme a key demand in a potential deal to normalise relations with Israel. A breakthrough in relations between Israel and Saudi Arabia would be a major diplomatic victory for President Joe Biden’s administration, which has described it as a priority. But Washington has baulked at Saudi Arabia’s demand for there to be no restrictions on enriching its own uranium.

  • Saudi Arabia mulls nuclear power offers from China and Russia in bid to sway US

    Saudi Arabia is considering bids to build a nuclear power station from countries including China, Russia and France, as the kingdom attempts to pressure the US over a sensitive security pact, according to a report in the Financial Times. Saudi Arabia has long sought its own civil nuclear capability and has made US assistance with the programme a key demand in a potential deal to normalise relations with Israel. A breakthrough in relations between Israel and Saudi Arabia, the world’s largest oil exporter, would be a major diplomatic victory for President Joe Biden’s administration, which has described it as a priority.

  • Saudi Arabia’s multi-billion dollar football powerhouse bet

    During the summer, the Saudi Pro League spent more $850m on transfer fees to acquire foreign players, making it the second-highest spender after the English Premier League. The figure does not include the eye-watering salaries offered to lure players primarily from top European leagues.

  • ‘Bridges with everyone’: how Saudi Arabia and UAE are positioning themselves for power

    Where others view the shifting global currents through the lens of risk, Riyadh and Abu Dhabi see opportunities as they leverage their financial muscle and abundant oil resources to strategically hedge against their traditional relations with the west. The common theme in both Gulf states is one of self-assured, assertive leaders who are no longer willing to accept binary “with us or against us” US demands.

  • ‘Bridges with everyone’: how Saudi Arabia and UAE are positioning themselves for power

    “Saudi Arabia and the UAE see more opportunities than risks in this changing world order, and they think they have the policies and instruments to become poles of the emerging multipolar world,” says Emile Hokayem, director of regional security at the International Institute for Strategic Studies. “They have a very opportunistic, flexible and transactional approach. The time when one could expect full alignment from them is over.”