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  • Saudi Business Owners Can Open Payment Accounts Remotely in the USA

    Zil US (ZilBank), a leading B2B payments platform, has announced that it will facilitate international transactions for Saudi entrepreneurs and freelancers. Through Zil US, Saudi business owners can now remotely open a US banking account without the need to be physically present in the United States. This initiative marks a significant advancement in financial connectivity, providing Saudi businesses unparalleled access to the US market.

  • China Grabs Spotlight With Major Presence at Saudi Weapons Show

    A Chinese-made J-10 fighter aircraft soared into the sky as part of a showcase at Saudi Arabia’s annual arms exhibition, demonstrating the growing defense ties between the Asian power and the world’s fifth-biggest weapons spender. While US companies like Boeing Co. and Lockheed Martin Corp. dominated the World Defense Show in the Saudi capital of Riyadh this week, China’s presence dwarfed that of most other countries.

  • Hamas proposes 135-day Gaza truce with complete Israeli withdrawal

    Hamas has proposed a ceasefire to quiet the guns in Gaza for four-and-a-half months, during which all hostages would go free, Israel would withdraw its troops from the Gaza Strip and an agreement would be reached on an end to the war. The militant group's proposal - a response to an offer sent last week by Qatari and Egyptian mediators and cleared by Israel and the United States - came during the biggest diplomatic push yet for an extended halt to the fighting.

  • Blasts near Pakistan candidates’ offices kill 26 on eve of election

    Two explosions near electoral candidates' offices in Pakistan's southwestern province of Balochistan killed 26 people and wounded dozens on Wednesday, officials said, raising concerns over security on the eve of a general election. Pakistan goes to the polls on Thursday amid rising militant attacks and the jailing of Imran Khan, the winner of the last national election, who has been dominating the headlines despite an economic crisis and other woes threatening the nuclear-armed country.

  • Saudi Arabia to US: No Israel ties until recognition of an independent Palestinian state within 1967 borders

    Saudi Arabia has clearly communicated to the United States that it will not establish diplomatic relations with Israel without substantial progress on the Palestinian issue. The Kingdom is demanding the recognition of an independent Palestinian state within the 1967 borders and with East Jerusalem as its capital. Additionally, it has called for an end to Israeli aggression in the Gaza Strip and insisted on the withdrawal of all Israeli occupation forces from the enclave as a prerequisite for any future diplomatic engagement with Israel.

  • Saudi economy on track to surpass Vision 2030 targets: Al-Falih

    The Saudi economy is poised to grow from SAR 2.6 trillion to exceed the digital target of SAR 6.4 trillion by 2030, Minister of Investment Khalid Al-Falih said. During the second edition of the PIF Private Sector Forum held today, Feb. 6, Al-Falih underscored that the private sector's contribution to the economy is expected to reach 65% by 2030, marking a quadruple increase compared to pre-Vision levels. The minister emphasized that the Public Investment Fund (PIF) serves as the engine of growth for the private sector, and each entity in this journey represents a robust company enhancing opportunities in the Saudi economy. The private sector benefited from opportunities exceeding SAR 300 billion through partnerships with the fund and government initiatives, he added.

  • Saudi Arabia says no relations with Israel before recognition of Palestinian state on 1967 borders

    Saudi Arabia clapped back at the United States’ claims that discussions on a Saudi-Israeli normalization deal were moving forward separately from talks on a Gaza cease-fire. In a statement released early Wednesday, the Saudi Foreign Ministry said the kingdom has informed Washington that it will have no diplomatic relations with Israel until an independent Palestinian state is established on the 1967 borders with east Jerusalem as its capital and Israel ends its offensive on the Gaza Strip and withdraws its troops from the enclave. “Saudi Arabia has always been steadfast on the Palestinian issue and the necessity that the brotherly Palestinian people obtain their legitimate rights,” the statement added. Read more: https://www.al-monitor.com/originals/2024/02/saudi-arabia-says-no-relations-israel-recognition-palestinian-state-1967-borders#ixzz8R3rLeUiv

  • Saudi SAL partners with Space Age for drone-based shipments

    Drones will be utilized to enhance transportation and shipment efficiency in Saudi Arabia, thanks to a new agreement signed by the Kingdom’s SAL Saudi Logistics Services Co. The logistics and supply chain solutions provider signed a memorandum of understanding with the Saudi-based technology firm Space Age on the second day of the World Defense Show 2024. The agreement aims to provide the technical solutions and infrastructure necessary to transfer and localize the drone industry, as stated by SAL in a post on X.

  • Saudi Aramco in investment discussions with Indian companies – exec

    State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. "Hopefully we will see some announcements soon on investment in Indian companies," Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its plans. The world's largest crude oil exporter and OPEC kingpin has been boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude, as it sees growth in chemicals central to its downstream expansion strategy.

  • Saudi Arabia’s Defense Industry Seeking Local Assembly Of Helos

    During the World Defense Show here, both Leonardo and Turkish Aerospace signed agreements with Saudi entities on Feb. 4 to explore the potential of assembling aircraft for the domestic market. Fellow OEM Airbus Helicopters signed a similar agreement during last year’s Paris Air Show with Scopa, a Saudi defense company establishing agreements with Western defense companies.