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“The intensifying US-China rivalry will make accessing both tech ecosystems increasingly difficult, impacting supply chains, intellectual property and talent flows.” Mohammed Soliman, director for strategic technologies and cybersecurity at the Middle East Institute, China-US tech tensions threaten GCC telecom strategy [Arabian Gulf Business Insight]
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TOP STORY
The 47th edition of the Dakar Rally, the world’s most grueling motorsport event, will take place in Saudi Arabia January 3-17. This is the sixth consecutive year it has been held in the kingdom. [more]
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MORE TOP STORYLINES
Via Robin Mills in agbi.com: The oil price is currently a bit lower than the GCC countries would like it, set to end the year at around $74 per barrel for Brent crude. At this price, Saudi Arabia and Kuwait run moderate budget deficits, while the UAE, Qatar and Oman will record decent surpluses. Revenues are high enough to avoid a crisis and provide ample funds for growth; low enough to encourage reform and ward off complacency. So GCC energy policies in 2025 have the following recipe: maximise oil and gas revenues, continue development and reform of the traditional petroleum sector, and expand into new energy and related businesses, both at home and abroad. Opec+ has not enjoyed a successful year. Despite continuing its production restraint, including extension of the voluntary cuts by some members throughout 2024, oil prices ended in virtually the same place as they began. They have slipped steadily since briefly topping $91 per barrel in April.
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in arabianbusiness.com: Riyadh’s King Khalid International Airport has been named winner in both the ‘Large’ and ‘Global’ Airport categories in Cirium’s 2024 On-Time Performance report. It was a double celebration for Saudi Arabia as Saudia was a close runner-up with 86.35 per cent among the airlines. Saudi was second only to Aeromexico, Mexico’s flag carrier, which was named the most On-Time ‘Global Airline’ in 2024 with a 86.7 per cent on-time rate. American giant Delta Air Lines secured third place with 83.46 per cent. Qatar Airways, with 82.83 per cent on-time arrivals and 82.56 per cent on-time departure, was placed fifth globally, one place behind LATAM Airlines at fourth.
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Via Valentina Pasquali in agbi.com: Gulf countries risk being dragged into the great power “rivalry” between China and the United States when it comes to advanced technology, forcing them to pick a side. As high-tech restrictions are rolled out by Beijing and Washington, the days of buying state-of-the-art semiconductors from the US while installing China’s 5G networks might be over, according to industry insiders. Mohammed Soliman, director for strategic technologies and cybersecurity at the Middle East Institute, says GCC countries have so far managed to strike a balance between exploiting Chinese technology and maintaining strong ties with the US. “However, the intensifying US-China rivalry will make accessing both tech ecosystems increasingly difficult, impacting supply chains, intellectual property and talent flows,” Soliman warns.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia's national teams who competed in international science and academic contests had tremendous success, winning 107 global awards across 25 events held between September...[via mawhiba.org]
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The Saudi Automobile and Motorcycle Federation (SAMF) has launched the Next Saudi Generation Program to support and develop Saudi talent in motorsports. The program, conducted in...[via spa.gov]
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Speaking in an interview with China Media Group (CMG), Araghchi said that the newly restored Iranian-Saudi ties have a lot of potential that haven’t been...[via alarabiya.net]
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Milan forward Tammy Abraham has hailed the impact of the support in Riyadh as his side booked their place in the Supercoppa Italiana final. The Englishman...[via yahoo.com]
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The Saudi Arabian group SAVOLA has sold all its assets in Iran for 705 million Saudi riyals (approximately $188 million) and is exiting the country. SAVOLA,...[via iranfocus.com]
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Since Ronaldo's arrival in the SPL, the league has grown leaps and bounds. Players like Karim Benzema, Neymar, Riyad Mahrez, Sadio Mane, and...[By Apratim Banerjee via si.com]
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The Line 3 (Orange Line) covering Madinah Road would connect the east of Riyadh to its west, and extends from Jeddah Road in the west...[via saudigazette.com]
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On the back of the busiest sporting year Saudi Arabia has ever had, punctuated by news of the nation’s successful 2034 FIFA...[By Mark Lomas via alarabiya.net]
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The State Department approves the possible sale of 20 MK 54 MOD 0 Lightweight Torpedoes to Saudi Arabia for $78.5 million, according...[via alarabiya.net]
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Prince Faisal reiterated the Kingdom’s commitment to supporting Syria’s sovereignty, independence, and territorial integrity while emphasizing efforts to achieve security, stability, and prosperity for the...[via eurasiareview.com]
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The Saudi Ministry of Interior’s Absher Business platform has introduced updated fees for seven services offered to establishments, according to Okaz newspaper. Among the changes,...[via gulfnews.com]
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Rising sea levels driven by the climate crisis will overwhelm many of the world’s biggest oil ports, analysis indicates. Thirteen of the ports with the...[By Damian Carrington via theguardian.com]
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A U.S. Army veteran who killed 14 people by ramming a truck into a crowd of New...[By Brian Thevenot and Arathy Somasekhar via reuters.com]
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The foreign ministers of Germany and France said they wanted to forge a new relationship with ...[By Miranda Murray via reuters.com]
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The overthrow of the former Syrian president, Bashar Al-Assad, has brought calls for the revival of the now-defunct pipeline that once carried crude oil from...[By Nadim Kawach via agbi.com]
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Israeli Prime Minister Benjamin Netanyahu has returned to his “evasive approach” in the Gaza ceasefire talks, hindering negotiations, an Egyptian source has told the ...[via middleeasteye.net]
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The 20-fold funding increase aims to boost Tel Aviv’s narrative and justification of its war against the besieged enclave while portraying the Palestinian struggle...[via middleeastmonitor.com]
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As America’s premier air superiority fighter, the F-22 was designed to take on advanced enemy aircraft, capable of maneuvering stealthily and cruising at supersonic speeds. But...[By Chris Gordon via airandspaceforces.com]
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