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  • Saudi, Chinese defense ministers discuss ways to strengthen relations in Beijing

    Several high-ranking Saudi officials attended the meeting. They included Chief of the General Staff Lt. Gen. Fayyad Al-Ruwaili, Saudi Ambassador to China Abdulrahman Al-Harbi; Commander of the Strategic Missile Force Lt. Gen. Jarallah Al-Alweet, Director General of the Office of the Minister of Defense Hisham bin Abdulaziz bin Saif, Head of the Armed Forces Operations Authority Maj. Gen. Misfer Al-Ghanem, and Military Attaché at the Saudi Embassy in Beijing Commodore Salem Al-Maliki.

  • UAE, Saudi short-term rentals attract record travelers as year-round demand skyrockets for Dubai, Abu Dhabi, Riyadh real estate

    Global and regional rental service-providing firms are gearing up for a surge in the influx of visitors and business travellers to the UAE and Saudi Arabia during the current summer season and beyond, as the two countries shift strategies to make cities such as Dubai, Abu Dhabi and Riyadh year-round destinations for travellers.

  • As climate change imperils Taliban’s shift from opium, impact could be felt worldwide

    For decades, farmers in southern Afghanistan relied on opium poppies to make a living in their parched desert landscape. Even as prolonged drought dried out rivers and turned fields so salty that they glowed white in the sun, the hardy poppies flourished.

  • Are Saudi Arabia’s plans for a non-oil future too grand?

    In March, the Saudi government transferred 8% of shares in state-owned oil company, Aramco, to the PIF. This means the PIF now holds 16% of Aramco, valued at $2 trillion, making it the fourth-most valuable company in the world. Critics have also pointed to the fact that, even though the PIF manages a portfolio of assets worth $940 billion, it only has about $15 billion in funds.

  • Visualizing Saudi Aramco’s Massive Oil Reserves

    Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s massive $1.8 trillion valuation. Behind Saudi Aramco, American company ExxonMobil comes in second with 17.7 billion barrels of oil equivalent, followed by another American company, Chevron, with 11.2 billion barrels of oil equivalent.

  • Saudi Arabia made huge strides in electronic chips, semiconductor development: Official

    The semiconductor industry is considered the world's fourth commodity in terms of market value, behind crude oil, auto, and petrochemicals industries, with a value of up to $500 billion. Its size is expected to exceed $1 trillion in 2030, he highlighted.

  • The Ratification of a Saudi-U.S. Deal Looks Increasingly Unlikely

    However, a U.S. defense treaty requires ratification from two-thirds of the Senate. On October 4, 2023, a group of twenty Democratic senators—enough to possibly jeopardize the vote—voiced their opposition to such a treaty. Their concerns included Saudi Arabia’s human rights record and the possibility that a peaceful nuclear energy program might eventually be converted into a military one, to produce a nuclear weapon. More recently, they have indicated that the only path forward is if the agreement includes a robust provision for ending the Gaza war and resolving the Palestine-Israel conflict through a two-state solution.

  • Siemens Energy confirms $1.5bn Saudi power deal

    Germany's Siemens Energy has confirmed an order, worth a total of $1.5bn, to supply its HL-class gas turbines along with a 25-year maintenance contract for two upcoming power plants in Saudi Arabia. China Energy International Group, the lead engineering, procurement and contracting (EPC) contractor for the Taiba 2 and Qassim 2 independent power producer (IPP) projects in Saudi Arabia, awarded the contract to Siemens Energy.

  • Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says

    Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo's CEO told Reuters. The agreement marks Nvidia's first large-scale launch in a region to which Washington has curbed the export of sophisticated U.S. chips to stop Chinese firms from using Middle Eastern countries as a back door to access the newest AI technology.

  • Aerial drone likely launched by Yemen’s Houthi rebels hits Red Sea ship

    The attack comes as the U.S. has sent the USS Dwight D. Eisenhower back home after an eight-month deployment that saw it lead the American response to the Houthi assaults. Those attacks have seen shipping drastically drop through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war in the Gaza Strip rages on.

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