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  • Why is Japan opposed to Saudi Arabia joining UK-Italy GCAP fighter jet alliance?

    As Saudi Arabia pushes to join the United Kingdom, Italy and Japan’s next-generation fighter jet alliance, Tokyo is reportedly opposed to Riyadh’s bid for technical and geopolitical reasons, even as it tries to improve relations with the Gulf kingdom. Saudi Arabia’s request to be the fourth addition to the trinational Global Combat Air Program (GCAP) was confirmed by senior officials from London, Tokyo and Rome, to The Financial Times (FT) on Friday. Of the three member countries, the British daily added, Japan is the only one to boldly oppose their induction.

  • How Saudi Designer Nora Nakhlah Has Captured The Attention Of American Women With Her Kaftans

    For those that have been to the Middle East, the kaftan does not go unnoticed. These long flowing single-breasted robes that originated in ancient Mesopotamia are enticing, so much so that they spilled over into Africa, Southwest Asia, and parts of the West. Saudi Arabian designer Nora Nakhlah has taken this unique and ancient garb and created her own business, which has caught the attention of American women.

  • Saudi-based Energy Capital Group announces first close of $150 mln fund

    Saudi Arabia-based investment company Energy Capital Group (ECG) has announced the first close of its $150 million fund that targets the creation of national leaders in energy and energy-related technologies. The Fund was anchored by Jada Fund of Funds. The successful fundraising effort is a validation of ECG’s strategy that aims to create and develop industrial services and technology-oriented National Champions across the energy sector in line with Saudi Arabia’s Vision 2030 and Aramco’s IKTVA program.

  • UN security staff released in Yemen after 18 months in captivity

    Five United Nations security staff who were kidnapped in Yemen by al Qaeda militants 18 months ago have been released, the United Nations said on Friday. U.N. Secretary-General Antonio Guterres welcomed the release and "reiterates that kidnapping is an inhumane and unjustifiable crime, and calls for the perpetrators to be held accountable," a U.N. spokesperson said.

  • Saudi baklava drug bust: Customs seize over 2.2mn captagon pills in Jeddah shipment

    The Saudi Zakat, Tax and Customs Authority (ZATCA) has reported thwarting an attempt to smuggle over 2.2 million captagon pills hidden in a consignment of baklava that entered the country through Jeddah Islamic Port. ZATCA has coordinated with the General Directorate of Narcotics Control (GDNC) to arrest the two individuals who were supposed to receive the shipment, SPA reported, quoted officials in the customs authority. Captagon pills are a highly addictive amphetamine-type drug, which is reportedly produced mainly in Syria and widely smuggled across West Asia.

  • The Evolving Landscape of Higher Education in Saudi Arabia

    In light of the HCDP’s objectives, we will delve into several key areas for higher education improvement. These include increasing research capacity, promoting academic freedom and intellectual diversity, improving student support services, encouraging lifelong learning and continuing education, and exploring alternative higher education pathways to serve the country’s workforce and industries better. By addressing these areas, Saudi Arabia can continue to build a robust, competitive, and innovative higher education system that supports the nation’s growth and the aspirations of its citizens.

  • Giant Projects Attract Capital in Saudi Arabia

    Investment licenses are increasing steadily in Saudi Arabia, highlighting the Kingdom’s attractiveness as a destination that offers investors qualitative opportunities in a wide range of sectors. Saudi Arabia issued more than 1,600 foreign investment licenses in the first quarter of 2023, an average of 25 licenses per day. A recent report issued by Invest in Saudi Arabia, one of the initiatives of Vision 2030, showed that more than 1,600 foreign investment licenses were issued in the first quarter of this year, compared to 1,300 licenses in the last quarter of 2022, marking an increase of 2.3 percent.

  • SHUAA Capital launches new Sharia-compliant Saudi equity fund

    Font Size SHUAA Capital, the leading asset management and investment banking platform in the region, announced on Monday the launch of a new Sharia-compliant fund under the Incorporated Cell Company umbrella, domiciled in Abu Dhabi Global Market (ADGM) and managed by SHUAA GMC Limited, the wholly-owned regulated subsidiary of SHUAA.

  • Saudi Arabia confiscates over 150,000 Captagon pills hidden in cars 

    Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has confiscated 151,139 Captagon pills found hidden in cars that arrived in the Kingdom through the Hadithah Port, near the border with Jordan. Authorities had found 43,000 pills in a vehicle, 45,349 pills hidden inside the air compressor tank of another car, and 62,790 pills in the radiator of a third vehicle, the Saudi Press Agency (SPA) reported on Sunday.

  • Saudi leads MENA in capital deployment

    Saudi Arabia led the Middle East and North Africa region in terms of capital deployment with $446 million, securing 42% of all regional startup investments in the first half of the year, according to a Magnitt report. However, the kingdom saw a 27% decrease in deployed capital amid the global economic slump.