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  • Secretary Blinken’s Call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud

    Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. Secretary Blinken updated the Foreign Minister on his trip to Israel, and discussed ongoing efforts to achieve an enduring end to the crisis in Gaza that provides lasting peace and security for Israelis and Palestinians alike and the establishment of a Palestinian state with security guarantees for Israel. The Secretary and the Foreign Minister pledged to continue close coordination to increase humanitarian assistance to civilians in Gaza.

  • Saudi-Backed Chinese VC to Raise $1 Billion for Mideast Startups

    A Chinese venture capital firm backed by a unit of Saudi Arabia’s Public Investment Fund is planning to raise $1 billion to back technology startups in the Middle East. MSA Capital is currently in talks with regional investors to finalize plans to launch the fund within the year, according to Managing Partner Ben Harburg. “Our objective is to play at later stages and write bigger tickets in those pre-IPO rounds, then we can take them public,” Harburg said in an interview.

  • Saudi foreign minister meets UNRWA chief in Riyadh

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan received Philippe Lazzarini, commissioner general of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), and his accompanying delegation at the ministry’s headquarters in Riyadh on Thursday. During the meeting, they reviewed the cooperation between Saudi Arabia and UNRWA and the ways to further enhance it.

  • Lexi Thompson, Linn Grant and Leona Maguire among Solheim stars at Aramco Saudi Ladies International

    Lexi Thompson headlines next week’s Aramco Saudi Ladies International field on the Ladies European Tour. The event, held this year at Riyadh Golf Club Feb. 15-18, offers a purse of $5 million, the same as the payout of the men’s PIF Saudi International. The 28-year-old Thompson, whose last worldwide victory came at the 2022 Aramco Team Series event in New York, last teed it up at the LPGA Drive On event in January where she tied for 16th. She is not listed in the fields of the LPGA’s upcoming Asian swing.

  • Pakistan counts votes in poll hit by violence and suspended mobile services

    Pakistan began counting votes after polling ended on Thursday in a general election marred by militant attacks and suspension of mobile phone services, with authorities saying that at least nine people had been killed nationwide. The vote was held as the South Asian country struggles to recover from an economic crisis while it grapples with rising militant violence in a deeply polarised political environment.

  • Netanyahu calls Hamas ceasefire proposal ‘delusional’ but Blinken sees scope for progress

    Israeli Prime Minister Benjamin Netanyahu on Wednesday rejected Hamas' latest offer for a ceasefire and return of hostages held in the Gaza Strip, but U.S. Secretary of State Antony Blinken said there was still room for negotiation toward an agreement. Hamas, the Palestinian militant group that rules Gaza, proposed a ceasefire of 4-1/2 months, during which all hostages would go free, Israel would withdraw its troops from Gaza and an agreement would be reached on an end to the war.

  • Catwalk aims to preserve Arabian leopards in Saudi Arabia

    Catwalk, an initiative organized by Catmosphere, serves as an annual celebration in honor of the declaration last year by the UN designating Feb. 10 as the International Day of the Arabian Leopard. Through a variety of social activities such as this, the nonprofit organization Catmosphere, founded by Princess Reema bint Bandar, aims to prevent the Arabian leopard from becoming extinct, to educate participants about the animal, and connect people with their environment.

  • Local content rate surges to 43% in Saudi Arabia , with a 20% jump in spending

    Abdulrahman Al-Samari, CEO of the Local Content and Government Procurement Authority, said that the growth rate of local content in Saudi Arabia has now reached 43 percent. The spending on content has increased by 20 percent. This is in addition to activating signed agreements to serve companies operating in the Kingdom, he said. Al-Samari made the remarks while addressing a dialogue session at the PIF Private Sector Forum in Riyadh on Wednesday. The dialogue session is titled “Supporting local content to empower the private sector.” Those who addressed the session also included Ma’aden CEO Robert Wilt, Managing Director of Cisco Salman Faqeeh, and Director of the National Development Division at the Public Investment Fund Jerry Todd.

  • Saudi companies win air defense subcontracts

    US-based Lockheed Martin has awarded two key subcontracts to industry in Saudi Arabia for a second source of components in the Terminal High Altitude Area Defence (THAAD) weapon system, for which it is the original equipment manufacturer (OEM). The prime partners receiving subcontracts include Middle East Propulsion Company (MEPC), based in Riyadh, and Arabian International Company (AIC) for Steel, based in Jeddah. Several other Saudi industry partners have also received subcontracts in support of these efforts.

  • Saudi Position on Arab-Israeli Peace Silences Rumors

    A Saudi Foreign Ministry statement on the ongoing discussions between Saudi Arabia and the United States regarding the path of Arab-Israeli peace, has reaffirmed the Kingdom’s clear position, since the outbreak of the war in the Gaza Strip on Oct. 7, on peace in the Middle East. Saudi Arabia stressed on Wednesday that it “conveyed its firm position to the US administration and that there would be no diplomatic relations with Israel unless the independent Palestinian state is recognized on the 1967 borders, with East Jerusalem as its capital, the Israeli aggression against the Gaza Strip is stopped, and all members of the Israeli occupation forces are withdrawn from the Gaza Strip.”