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  • Saudi foreign direct investment inflows rise 9.5% in first quarter

    Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, the investment ministry said on Twitter on Tuesday. The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022, the ministry added.

  • From Whitechapel to Saudi Arabia: Iwona Blazwick takes up a new post as AlUla public art supremo

    Saudi Arabia’s relentless drive to promote its cultural credentials continues with news of five new permanent works planned for the Wadi AlFann area located in the vast northwest region of AlUla. The large-scale, site-specific commissions will be overseen by Iwona Blazwick, the former director of Whitechapel Gallery in London, in her new role as the chair of the Royal Commission for AlUla’s Public Art Expert Panel.

  • Saudi’s KAUST announces partnership with Ocean Aero for autonomous underwater vehicles

    Ocean Aero and Shelf Subsea, a service company for the marine industry, will bring the AUSVs into Saudi Arabia, which will enhance KAUST research of the Red Sea. Ocean Aero’s TRITON Generation III AUSV is the world's first and only autonomous, environmentally-powered ocean vehicle that both sails and submerges for persistent, long-range ocean observation and data collection missions.

  • Major Artists Sign Up to Fill Saudi Arabian Desert Valley with Massive Art Installations

    Saudi Arabia is taking a big step in its longer plan to become an international art destination by inviting major artists, including James Turrell and Michael Heizer, to permanently install monumental pieces in its northwestern desert over the next couple years. From a mirrored installation that mimics a mirage to a labyrinth town made from adobe walls, the first five pieces will dot a 25-square-mile area dubbed Wadi AlFann, which means Valley of the Arts, according to Saudi cultural authorities. The valley is located in AlUla, a craggy desert region long known for its Petra-like rock tombs and more recently for its Desert X AlUla contemporary-art biennial.

  • Iran’s southern Gulf waters hit by 5.6 magnitude earthquake

    The quake occurred between the port of Charak and the island of Kish at a depth of 22 km (13.6 miles), it said. Officials told state TV that there had been some 100 quakes and aftershocks over the past 10 days in the same region.

  • Afghanistan seeks help for earthquake survivors as aftershock kills five

    Afghanistan lacks the medical supplies to treat those injured in an earthquake that killed 1,000 people this week, a senior official said, as an aftershock on Friday killed five more. Authorities earlier ended a search in remote southeastern mountains for survivors of the 6.1 magnitude earthquake that struck early on Wednesday near the Pakistani border, about 160 km (100 miles) southeast of Kabul, the capital.

  • Heart of world’s first “non-profit” city unveiled for Saudi Arabia

    Australian architect Conrad Gargett will design the headquarters of Saudi Arabian Crown Prince Mohammed bin Salman’s Misk Foundation. It will be the centrepiece of his planned “Nonprofit City”, announced in November 2021. The 3.4-sq-km Nonprofit City will be “a regional and global centre incubating innovative, educational and creative industries”. The nonprofit sector, is located in Riyadh’s western Irqah neighbourhood, adjacent to Wadi Hanifa valley.

  • Aramco-backed start up Amogy races to develop ammonia as a fuel

    South Korea's SK Innovation has led the latest $46 million funding round for climate tech start-up Amogy, which aims to accelerate the shift to zero-emissions fuels for heavy industries such as shipping, its chief executive told Reuters. With transport accounting for around 17% of the world's greenhouse gas emissions, the company said it aims to help drive the transition to greener fuels by converting carbon-free ammonia to power.

  • Afghanistan earthquake: ‘What do we do when another disaster hits?’ Afghans face crises on all fronts

    The slow response, exacerbated by international sanctions and decades of mismanagement, concerns people working in the humanitarian space, like Obaidullah Baheer, lecturer in Transitional Justice at the American University of Afghanistan. "This is a very patchwork, band-aid solution for a problem that we need to start thinking (about) mid to long term... what do we do when (another disaster) hits?" he told CNN by phone.

  • Turkey’s wartime bridge to the West is collapsing

    Russia’s unprovoked war of aggression in Ukraine has forced countries around the world to reexamine their geopolitical choices. Turkey, a strategic partner to both of the states at war, has been affected more than most nations. Caught in a lose-lose situation where taking any side in the conflict would lead to a major rupture with the other partner, it has tried to maintain amicable relations with both Russia and Ukraine.