The United States and Saudi Arabia are on the cusp of finalizing a significant security agreement, according to reports from US and Saudi officials. The draft treaty, modeled after the existing US-Japan mutual defense pact, would pledge American military support to Saudi Arabia in the event of an attack. This commitment is seen as a potential turning point in US-Saudi relations, which have been strained in recent […]
Saudi Arabia’s economic engine sputtered in the first quarter of 2024, with its Gross Domestic Product (GDP) contracting by an estimated 1. 7% compared to the same period last year. This marks the third consecutive quarter of year-on-year decline, highlighting the continued strain on the kingdom’s oil-reliant economy. The primary culprit behind the sluggish growth remains the oil sector. Oil activities, a cornerstone of the Saudi economy, […]
With scorching summer temperatures upon the UAE, residents seeking cooler climes and exciting escapes are in luck. Several destinations offer budget-friendly getaways, perfect for a quick break or a full-fledged vacation. Based on recent data, several popular choices lie within a short flight distance, with airfare starting as low as Dh441. Travelers seeking cultural immersion can explore the rich heritage of Jordan, where the ancient city of […]
By James M Dorsey The coming week or two could determine Prime Minister Binyamin Netanyahu’s political fate and reshape the Biden administration’s support for Israel’s Gaza war. That is, if Netanyahu fails to comply with war cabinet member Benny Gantz’s demand that the prime minister produce a plan for the post-war administration of GaIf Gantz […]
The post Next Week Could Mark A Make Or Break For Netanyahu’s Political Future first appeared on Latest India news, analysis and reports on IPA Newspack.
James M Dorsey The coming week or two could determine Prime Minister Binyamin Netanyahu’s political fate and reshape the Biden administration’s support for Israel’s Gaza war. That is, if Netanyahu fails to comply with war cabinet member Benny Gantz’s demand that the prime minister produce a plan for the post-war administration of Ga If Gantz resigns, he will likely be joined by fellow war cabinet member and […]
BANGKOK, THAILAND – Media OutReach Newswire – 7 June 2024 – SCG International Corporation Co., Ltd. (SCG International), a prominent leader in supply chain management and international trading, proudly announces a strategic alliance with Tamimi Markets, a subsidiary of Tamimi Group, one of Saudi Arabia’s premier conglomerates. This partnership is highlighted by signing a Memorandum of Understanding (MOU) that aims to introduce Premium Thai and Asian flavors […]
Arabian Post Staff -Dubai Saudi Arabia’s national carrier, Saudia, announced a strategic shift in its fleet acquisitions on Tuesday, placing substantial orders for wide-body jets from both Airbus and Boeing. This move comes amidst a persistent global shortage of narrow-body aircraft, typically deployed for shorter regional routes. The order includes 30 Airbus A350s and 10 Boeing 787 Dreamliners, significantly bolstering Saudia’s capacity for long-haul travel. Analysts interpret […]
The Saudi Ports Authority (Mawani) and France’s Grand Port Maritime de Marseille (GPMM), which operates the Port of Marseille Fos, inked a Memorandum of Understanding (MoU) on June 4th, 2024, in Paris. The agreement, signed during the Vision Golfe 2024 event organized by Business France, signifies a commitment between the two nations to strengthen ties in the maritime transport sector. The MoU, signed by Omar Hariri, President […]
Saudi Arabia is making a significant stride towards becoming a player in the global semiconductor industry. The Kingdom announced the launch of a National Capability Center for Semiconductors (NCCS), a collaborative effort between two of its premier research institutions:King Abdulaziz City for Science and Technology (KACST) and King Abdullah University of Science and Technology (KAUST). This initiative signifies a strategic move to address the growing demand for […]
Brazilian investment firm EB Capital is in discussions with Saudi Arabian investors to establish a $600 million climate-focused fund targeting ventures in South America’s largest nation. The fund, expected to launch in the third quarter of 2024, could significantly boost Brazil’s clean energy and sustainability sectors. EB Capital, backed by billionaire Marcelo Claure, is looking to attract half of the targeted sum from Saudi Arabia. This collaboration […]
Saudi Arabia is experiencing a significant influx of artificial intelligence (AI) specialists, according to a recent LinkedIn survey. The report indicates a positive shift in the Kingdom’s position within the global AI talent landscape. The survey results reveal a nine-place jump for Saudi Arabia in the rankings for attracting AI experts. The country currently sits at 15th globally when considering AI talent attraction relative to population size. […]
The Middle East and North Africa (MENA) region is undergoing a significant transformation in its energy sector, with renewable energy sources like solar and wind experiencing a surge in growth, according to the International Energy Agency (IEA). This shift is driven by a combination of factors, including falling renewable energy costs, a growing focus on environmental sustainability, and the need for more resilient energy infrastructure. The MENA […]
A recent survey by consulting firm AlixPartners paints a bright picture for the electric vehicle (EV) market in Saudi Arabia, indicating a potential surge in battery-electric vehicle (BEV) adoption. The firm’s 2024 International Electric Vehicle Consumer-Sentiment Survey, which included responses from 10, 000 people across 10 major markets, revealed that Saudi Arabia leads the pack in terms of BEV enthusiasm. The survey results show that a significant […]
Arabian Post Staff -Dubai Saudi Arabia has taken a significant step towards exploring digital currencies by joining a cross-border central bank digital currency (CBDC) project led by the Bank for International Settlements (BIS) and China. This move, announced by the BIS in February 2024, positions the kingdom as a full participant in Project mBridge, a collaborative initiative launched in 2021 alongside China, Hong Kong, Thailand, and the […]
The Emirati Genome Programme, a pioneering initiative to map the genetic makeup of UAE citizens, has joined forces with Saudi German Health, a leading healthcare provider, to expand its sample collection efforts across Dubai, Ajman, and Sharjah. This collaboration aims to significantly boost public participation in the program, ultimately paving the way for advancements in preventative and personalized healthcare solutions for the UAE’s population. Dr. Ahmad Al […]
Saudi Aramco, the world’s largest oil producer, is extending its reach into the liquefied natural gas (LNG) market through discussions with two prominent US firms, Tellurian and NextDecade. This strategic move signifies Aramco’s ambition to become a major player in the global LNG landscape. The talks center on two separate projects. Aramco is reportedly considering acquiring a stake in Tellurian’s Driftwood LNG plant located in Louisiana. This […]
VOYEX is the first female-founded Private Jet and 360-Luxury Solutions company in the MENA region, proudly pioneering the way for diversity in the industry and championing women as they make their move to the skies and executive roles. Founded by Lilit Avetikyan, an accomplished executive with 11+ years in the aviation industry, VOYEX stands out for travellers seeking a truly curated end-to-end journey. We speak with Avetikyan, […]
The foreign ministers of five Arab nations – the United Arab Emirates (UAE), Saudi Arabia, Qatar, Jordan, and Egypt – united on Monday in a virtual meeting to express their support for ongoing mediation efforts aimed at ending the crisis in Gaza. The focus of the discussions, according to a joint statement released by the Qatari Ministry of Foreign Affairs, was on the latest developments in mediation […]
Saudi Arabia’s ACWA Power, a global leader in renewable energy and water desalination, has signed a momentous agreement with the Tunisian government to embark on a groundbreaking green hydrogen project. This collaboration signifies a significant step towards both nations’ clean energy goals and Europe’s ambition to diversify its energy supplies. The project, envisioned in a signed Memorandum of Understanding (MoU), outlines the development of a large-scale green […]
Arabian Post Staff -Dubai The International Air Transport Association (IATA) predicts a significant rise in profitability for Middle Eastern airlines in 2024. Their latest forecast anticipates a collective profit exceeding $3. 8 billion, a substantial 22. 5% increase compared to the $3. 1 billion earned in 2023. This positive outlook comes despite ongoing regional tensions, including the recent Israel-Gaza conflict. This optimistic forecast for the Middle East […]
Mayar Holding, a Saudi Arabian industrial manufacturing company, announced plans to raise $133 million through the issuance of a sharia-compliant bond, known as a sukuk. The issuance, denominated in Saudi riyals (SAR), will target a total value of SAR 500 million, with the proceeds earmarked for funding working capital needs and capital expansion projects. Afaq Financial Company has been appointed as the financial advisor for the establishment, […]
Amin Nasser’s path to the helm of Saudi Aramco, one of the world’s most valuable companies, is a story that defies tradition. Unlike his predecessors who often hailed from prestigious Western universities, Nasser’s journey began within the company itself. A Saudi-educated engineer, Nasser’s career with Aramco stretches back four decades. He started as a petroleum engineer, his expertise laying the foundation for his future ascent. Nasser meticulously […]
Germany’s national railway company, Deutsche Bahn (DB), has narrowed down the contenders vying to acquire its logistics subsidiary, Schenker, to a select group. After a rigorous selection process, four finalists have been chosen to enter the final round of bidding. These finalists represent a diverse range of industry players. Maersk, a global leader in container shipping, seeks to expand its logistics footprint. DSV, a Danish freight forwarding […]
Saudi Arabia’s first quarter of 2024 witnessed a significant surge in investment deals, with innovation and entrepreneurial ventures at the forefront. According to official data released by the Ministry of Investment, over half (53%) of the investment deals finalized during this period were driven by a focus on fresh ideas and business creation. This trend highlights a strategic shift in the Kingdom’s investment landscape, prioritizing the development […]
