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  • F-35 Sales To UAE: What Will Being A Major Security Partner Mean

    Ever since Donald Trump designated the United Arab Emirates and Bahrain as “major security partners,” experts have been trying to assess what it means and what sort of privileges the designation bestows. Some see it as a symbolic gesture; others see it as an indication for much-improved relations resulting from the Abraham Accords that would eventually yield rewards for the two regional allies of America.

  • Blinken Says Iran Should Move First to Restart Nuclear Deal

    Blinken said after Iran returns to the agreement the U.S. would seek to build a “longer and stronger” accord to address what he called “deeply problematic” issues. But, he emphasized, Iran needs to act first and any U.S. return may take a while. He didn’t set a timetable on the reduction of U.S. sanctions or a resumption of Iranian oil sales.

  • Corruption case worth more than $3.1billion unearthed

    In a statement, an official source at the Oversight and Anti-Corruption Authority (Nazaha) said on Wednesday that the authority in cooperation with the Saudi Central Bank began its operation following a tip-off about some bank employees receiving bribes from an organized gang consisting of a group of residents and businessmen for depositing cash sums of unknown sources then transferring them outside the Kingdom.

  • Saudi Cabinet approves quarterly renewal of Iqama and work permits

    The Saudi Cabinet on Tuesday approved the issuance and renewal of Iqama and work permits quarterly; therefore, now, residency permits along with work permits can be issued or renewed for three months.

  • Saudi STV among investors in cybersecurity startup SpiderSilk

    Saudi venture capital firm STV was among the major investors in a recent $2.25 million funding round by Dubai-based cybersecurity firm SpiderSilk. In addition to Riyadh-based STV, the tech firm was also backed by Dubai-based Global Ventures and several international angel investors, and it plans to use the financing to expand its footprint in the Middle East and launch into the North American market.

  • Investments in Saudi Startups Grow by 55%

    The General Authority for Small and Medium Enterprises (Monshaat) has revealed that the Year 2020 saw investments worth USD152 million in KSA-based startups, a 55 percent increase year-over-year (YoY).

  • Saudi unemployment dips slightly to 14.9% in third quarter, data shows

    Unemployment in Saudi Arabia fell in the third quarter of 2020 to 14.9% from 15.4% in the second quarter, official data in the world's biggest oil exporter showed on Friday.

  • Why 2021 Could See More Startups From The Middle East Become Unicorns

    We saw a record-breaking US$659 million invested in MENA-based startups in the first half of 2020 alone. Money was flowing into, not pulling out of, the region’s startups. So, what happened? It seems the pandemic had driven the region’s VCs to be more sophisticated and strategic in how they deploy capital, but also to be bolder.

  • Saudi-led forces say thwart two attacks by Yemen’s Houthis

    The Saudi-led coalition fighting against Yemen’s Houthi movement said had it thwarted two attacks by the Houthis on Friday morning, including destroying an explosive-laden boat in the southern Red Sea, Saudi state TV said on Twitter.

  • SABIC And Plastic Energy Set To Start Construction Of Pioneering Advanced Recycling Unit To Increase Production Of Certified Circular Polymers

    In another significant contribution towards the development of a circular economy for plastics, SABIC and Plastic Energy are set to commence construction on the first commercial unit to produce its flagship certified circular polymers, part of the TRUCIRCLE™ portfolio, which are made from the upcycling of mixed and used plastic.