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  • H1 2023 Saudi Arabia Venture Capital Report – MAGNiTT

    Despite a 27% yearly drop in capital deployed compared to H1 2022, Saudi Arabia still aggregated $446M in H1 2023. This amassed a share of 44% of the total funding reported in 2022, the best-performing year for the Kingdom yet. The slower performance came along with slower activity globally and in the MENA region which saw Saudi Arabia as the biggest contributor to funding in H1 2023. The number of deals was also on a decline with a 44% annual retreat in H1 2023. This trend mirrored that of transactions in the MENA region which saw a drop by an annual 49%.

  • Iraq discovers captagon production factory near Saudi Arabia

    Iraq said Sunday it has found a site in a province bordering Saudi Arabia where captagon is produced, a rare discovery in a country that has become a transit route for the illicit drug. “Today, and maybe for the first time, a laboratory where captagon is produced was found,” interior ministry spokesman General Saad Maan said in a video posted online.

  • Saudi Hawks captivate audiences for second day at UK air show

    The Saudi Hawks aerobatic team, representing the Royal Saudi Air Force, continued their captivating aerial displays for the second consecutive day of the Royal International Air Tattoo 2023 exhibition, the Kingdom’s defense ministry said on Saturday.

  • ROSHN’s revolutionary impact on Saudi Arabia’s real estate landscape

    “By 2030, we envision communities centred around nine cities across Makkah, Riyadh, Eastern Province, and Asir. Our goal is to invest SAR410 billion ($109 billion) to build communities that house over 2.2 million people.”

  • Captagon, the drug fueling the rise – and fall – of Syria’s war: Video

    Captagon, a stimulant mainly produced in Syria which has become particularly popular with users in Gulf countries, has received a lot of press. While it seems clear that its trade is now one of the Syrian government’s main sources of income, less understood are its effects on users. Ever-larger seizures by authorities from Beirut to Abu Dhabi are daily occurrences. Captagon is also part of normalisation discussions following Syria’s readmission to the Arab League. How severe is the Captagon problem in Syria and the Middle East? And will stopping its trade speed up peace with Syria?

  • Saudi officials thwart attempt to smuggle over 170,000 Captagon pills in Jeddah

    Saudi authorities on Friday thwarted an attempt to smuggle 178,274 captagon pills into the Kingdom, the official Saudi Press Agency (SPA) reported. For all the latest headlines follow our Google News channel online or via the app. The pills were found hidden in a shipment of beehive boxes at King Abdulaziz International Airport in Jeddah. Two people have been arrested, SPA added.

  • Perspective: Saudi-US Relations in a Changing Global and Regional Landscape

    Saudi and US officials are operating on completely different time horizons, as the Saudi leadership focuses on 2030 and looks ahead to mid-century challenges, which will do much to shape the context in which Mohammed bin Salman will grow older as king. These include issues related to energy transitions around the world and to positioning Saudi Arabia as a not-disinterested player at the table when key global decisions are being made.

  • Saudi-US Relations in a Changing Global and Regional Landscape

    Saudi and US officials are operating on completely different time horizons, as the Saudi leadership focuses on 2030 and looks ahead to mid-century challenges, which will do much to shape the context in which Mohammed bin Salman will grow older as king. These include issues related to energy transitions around the world and to positioning Saudi Arabia as a not-disinterested player at the table when key global decisions are being made.

  • Greece migrant tragedy: coastguard rope capsized boat, survivor accounts say

    Survivors of a boat disaster that likely killed hundreds of migrants near Greece have given accounts of traffickers in North Africa cramming them into a clapped-out fishing trawler. They recounted hellish conditions above and below deck, with no food or water. Some also said the tragic end, when it came, was precipitated by the actions of the Greek coastguard. They have told judicial authorities of a doomed attempt to tow the overloaded trawler that caused the vessel to capsize in the early hours of June 14.

  • How Saudi Arabia prioritizes rehabilitation in its crackdown on meth, Captagon and other narcotics

    For drug traffickers, Saudi Arabia is a target market for amphetamines, particularly Captagon. Between 2019 and 2020, the Kingdom seized some 30 tons of illicit drugs, 99 percent of which were Captagon pills.