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  • Has Gaza Created Structural Impediments to Normalization?

    On September 16, the United Arab Emirates Deputy Prime Minister and Foreign Minister Abullah bin Zayed al-Nahyan made clear the UAE will not support postwar efforts in Gaza without the creation of a Palestinian state. With its explicit conditionality and reference to a “status quo” in Gaza that would prevent postwar UAE involvement, the statement represents a modulated toughening of previous UAE expressions of willingness to participate in a temporary international mission after the war. Along parallel lines September 16, a senior Omani Foreign Ministry official insisted Oman “had no intention” of normalizing relations with Israel and called for an immediate stop to Israel’s “barbaric war on Gaza.”

  • Saudi Ministry of Economy and Planning Hosts Sustainable Development Event at UNGA Week

    The Saudi Ministry of Economy and Planning hosted an event on the sides of the high-level week of the 79th session of the UN General Assembly. Titled 'Unlocking Innovation for Sustainable Development through Platforms and Partnerships'. The event highlighted the critical role of platforms that bring together diverse stakeholders, such as governments, businesses, civil society, and academic institutions, to drive sustainable development in a truly impactful and inclusive manner. It was stated that through these collaborative frameworks, we can ensure innovation translates into substantial and lasting change.

  • Saudi Arabia AI in Manufacturing Industry Research Report 2024

    Saudi Arabia AI in Manufacturing Market was valued at USD 205 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 34.5% through 2029.

  • Commentary: Chinese Takeout in Saudi Arabia? You Bet

    The company is joining a growing fleet of businesses that see a bright future in the Gulf kingdom. In recent months, Chinese firms won multibillion-dollar contracts to build solar plants and mixed-use development projects. In exchange for a $2 billion investment, PC maker Lenovo Group Ltd. is establishing regional headquarters there in a deal that is expected to create 15,000 jobs locally. And last but not least, Hong Kong’s flagship airline Cathay Pacific Airways Ltd. will start a new direct route to Riyadh in late October, pleasing Saudi officials who have been pitching the nascent tourism industry.

  • Why are the United Arab Emirates and Saudi Arabia Key to the Expansion of Brazilian Agriculture?

    The diversification of Brazilian export destinations is crucial to reduce overdependence on a single market, such as China, which currently accounts for a significant share of Brazil’s exports. Although China is a critical trading partner, concentrating exports in a single market makes the country vulnerable to economic and political risks, such as oscillations in demand, changes in trade policies, and economic instability.

  • 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.