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  • Mastercard partners with Loop to launch innovative payment solutions in Saudi Arabia

    Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions. The partnership will see Loop expand its portfolio, enhance its suite of products and services through leveraging Mastercard technology and expertise. Having signed an exclusive issuing agreement, Loop and Mastercard will partner to issue BIN ranges, enabling consumers, merchants and fintech’s across the Kingdom to benefit from innovative payment solutions.

  • Saudi Arabia strongly condemns targeting unarmed civilians in northern Gaza

    The Ministry of Foreign Affairs expressed Saudi Arabia's strong condemnation and denunciation of the targeting of defenseless civilians in the northern Gaza Strip. The ministry affirmed the Kingdom’s categorical rejection of violations of international humanitarian law by any party and under any pretext, the Saudi Press Agency reported.

  • Saudi-Led Arabs Push Plan for Palestine State as War Rages

    The plan, which builds on the 2002 Arab Peace Initiative, is expected to outline the creation of a Palestinian state along the lines of borders that existed prior to the 1967 Six-Day War. It would include measures such as rolling back Israeli settlements in the Palestinian Authority-controlled West Bank — one of two main Palestinian territories alongside Gaza — and mechanisms to implement a two-state solution, said the two senior Arab officials.

  • Saudi Arabia Aims for 150k New Jobs in Chemical Plants and Renewable Energy, says Minister

    Saudi Arabia is poised to create 150,000 new jobs in chemical plants and renewable energy facilities with a commitment to achieving 75 percent localization, said a top official. During the Human Capability Initiative in Riyadh, Saudi Minister of Energy Prince Abdulaziz bin Salman emphasized that the energy sector has the biggest chance to achieve the target of Saudi workers compared to any other sector. The minister said: “We see somewhere around 150,000 jobs being created, including not only working in chemical plants and with heavy wind or renewable facilities but also we see a lot of jobs are coming through the localization programs. We also are committed to a localization program which is 75 percent.”

  • Mexico’s Pérez Correa González signs agreement with Saudi firm

    Mexico’s Pérez Correa González has entered into a cooperation agreement with Saudi Arabian firm Alsuwaiket & Albusaiyes, looking to target new business opportunities in the food, agribusiness, technology, automotive and tourism sectors through the alliance.

  • Overland Saudi container transits gain traction amid Red Sea diversions

    Gulf-based shippers facing the Ramadan rush are tapping overland options to reduce reliance on costlier feeder shipping which is, with few exceptions, the only seaborne option available as major carriers continue to divert most larger ships away from the Red Sea out of fear of Houthi militant attacks.   The prospects of trucking goods from the eastern coast of Saudi Arabia’s Dammam to the traditional trade hub of Jeddah on the Rea Sea looks increasingly more favorable amid soaring ocean spot rates and few signs that Red Sea security will be restored soon for safe navigation of east-west routes. The...

  • Anthony Kim struggles in return to golf at LIV event in Saudi Arabia

    Turns out that when you take more than a decade off from professional golf, re-entry can be a little tricky. Anthony Kim played his first professional round since 2012 on Friday at LIV Golf's Jeddah event, and if the moment was memorable, the score wasn't. Kim, who left the PGA Tour following injury in 2012, finished his first round at Jeddah with a seven-bogey, one-birdie round of 76, 14 strokes behind leaders Jon Rahm and Adrian Meronk. Joaquin Niemann, Charl Schwartzel and Bryson DeChambeau are one stroke off the lead at -7.

  • Cristiano Ronaldo defends his post-victory celebration amidst wide controversy

    Ronaldo's celebration sparked widespread controversy in both the international and local sports community, dividing opinions between those who described his behavior as unethical and those who viewed the celebration as a display of challenge and strength, as Ronaldo himself described in his statement to the Saudi Football Federation's Discipline and Ethics Committee.

  • The Danger of Regional War in the Middle East

    The war in Gaza between Israel and Hamas has dramatically raised the temperature in the Middle East. Popular anger is rising. Egypt and Jordan fear the expulsion of Palestinians into their territories. Non-state actors in the Iran-led “axis of resistance” have carried out attacks in response, professedly in support of Hamas and the Palestinian cause more broadly.

  • The UAE and Saudi Arabia Lead the Way on Central Asian Energy Pivot

    Masdar, the United Arab Emirates’ renewables developer, and its Saudi peer, ACWA Power, are leading the two OPEC members’ clean energy projects in energy-rich Central Asia, a new frontier for petrostates looking to advance their net-zero agendas in the wake of the United Nations Climate Change Conference, COP28, in Dubai.