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  • Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical

    Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli Petrochemical (600346.SS), opens new tab, a deal which would further bolster Aramco's growing downstream presence in China.
    Aramco (2222.SE), opens new tab is in talks with parent Hengli Group Co and signed a memorandum of understanding over the proposed transaction, which is subject to due diligence and regulatory approvals, Aramco said in a statement.

  • The Importance of Venture Capital for Startups in Saudi Arabia

    Startups are a critical component of the 21st-century economy, driving innovation, creating jobs, and fostering national economic growth. In Saudi Arabia, venture capital (VC) is gaining increasing importance in supporting startups and enabling them to grow and thrive. In this article, we'll explore the importance of venture capital for startups in Saudi Arabia and its impact on the national economy.

  • Amid Iran-Israel confrontation, large blast at Iraqi base raises questions

    A massive explosion at a base used by Iraqi security forces, including the Popular Mobilization Units (PMU), has raised questions over culpability. The blast has particularly grabbed attention as it follows the unprecedented direct exchange of fire between Iran and Israel. While PMU representatives initially blamed the US for the incident, a subsequent retraction has led to speculations about the true nature of the blast. 

  • Why British and US strikes on Yemen are not working

    On Jan. 11, 2024, Britain and the US initiated airstrikes in Yemen with the stated goal to degrade the capabilities of the Ansarullah movement—better known as the Houthis. The decision was prompted by the Iran-backed movement’s claim of targeting ships headed to and from Israel since Nov. 2023, in an effort to allegedly force a ceasefire in Gaza. However, the western strikes have not been effective. Paradoxically, they have instead emboldened the Houthis to escalate their attacks.

  • Saudi Arabia clashes with West over Chinese green tech

    The head of Saudi Arabia’s state oil company praised China’s exports of green technology, echoing Beijing’s talking points in what appeared to be a deliberate rebuke of Western policymakers. “China really helped by reducing the cost of solar energy,” Aramco CEO Amin Nasser told the World Energy Congress in Rotterdam on Monday. “We can see the same now in electric vehicles…a lot of policymakers do not understand what is required and how [the energy transition] is going to happen.”

  • 9% spike in Mideast military spending driven by Saudi Arabia, Israel, Turkey

    The institute noted that three largest spenders in the region — Saudi Arabia, Israel and Turkey — all increased military spending last year. Saudi Arabia was the fifth largest spender in the world, with spending increasing 4.3% from the year prior to $75.8 billion in 2023. However, Saudi military spending from the 2014 through 2023 decreased by 18% compared to the previous decade.  

  • Iran’s Israel strike coincided with crackdown on dissent at home

    The same day Iran launched its first ever direct attack on Israel it embarked on a less-noticed confrontation at home, ordering police in several cities to take to the streets to arrest women accused of flouting its strict Islamic dress code.
    Iranian authorities insist that their so-called Nour (Light) campaign targets businesses and individuals who defy the hijab law, aiming to respond to demands from devout citizens who are angry about the growing number of unveiled women in public.

  • Israel military strikes northern Gaza in heaviest shelling in weeks

    Israel bombarded northern Gaza overnight in some of the heaviest shelling in weeks, panicking residents and flattening neighbourhoods in an area where the Israeli army had previously drawn down its troops, residents said on Tuesday.
    Tanks made a new incursion east of Beit Hanoun on the northern edge of the Gaza Strip, though they did not penetrate far into the city, residents and Hamas media said. Gunfire reached some schools where displaced residents were sheltering.

  • Saudi Arabia pushing for Israel to accept ceasefire, more aid into Gaza: FM

    Saudi Arabia is pushing for a ceasefire in Gaza and the entry of more aid into the territory amid Israel’s war on Hamas, the Kingdom’s Minister of Foreign Affairs Prince Faisal bin Farhan said in an interview with Al Arabiya.

    An agreement between Hamas and Israel must include those two factors, he said.

  • EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens

    The Schengen Area, which includes 29 European countries, was expanded last February to include Bulgaria and Romania, eliminating all air and maritime border controls.

    Citizens from the UAE, Qatar, Bahrain, Jordan, Kuwait, Oman, Saudi Arabia have been exempted from the UK's pre-entry visa requirements.

    In November, Gulf countries announced plans for a unified tourist visa similar to the Schengen permit in a move to ease travel for residents and tourists.