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  • Chart: Tesla Prioritizing Volume Over Profit

    Despite Tesla's impressive rise to prominence in its native North America, a look at the company's market share around the world underscores the reasoning behind its drastic push for sales volume at (almost) any cost. Tesla's home market dominance has only been replicated to any significant degree in Australia and Oceania. In Asia, for example, Chinese manufacturer Wuling is in pole position, while Volkswagen has the lead in Europe.

  • Aramco and partners make polymers from oil waste in historic milestone

    According to a press release from Aramco, the project aims to pave the way for the creation of a domestic value chain for the advanced recycling of plastics to circular polymers in Saudi Arabia. The process allows the use of non-sorted plastics, which can be difficult to recycle mechanically, which consequently contributes to solving the challenge of end-of-life plastics.

  • Wednesday is start of new Hijri year, says Saudi Supreme Court

    Saudi Arabia’s Supreme Court announced Tuesday that Wednesday July 19 would be the start of the Islamic new year 1445. The beginning of Muharram, the first month of the Islamic calendar, marks the start of the new year.

  • Wednesday is start of new Hijri year, says Saudi Supreme Court

    Saudi Arabia’s Supreme Court announced Tuesday that Wednesday July 19 would be the start of the Islamic new year 1445. The beginning of Muharram, the first month of the Islamic calendar, marks the start of the new year.

  • Saudi startups top MENA region in raising funds in H1, collects $446m 

    Saudi Arabia’s focus on encouraging entrepreneurship has paid off as startups in the Kingdom raised $446 million in the first half of 2023, the highest in the Middle East and North Africa region. According to MAGNiTT’s “H1 2023 Saudi Arabia Venture Capital Report”, Saudi startups accounted for 42 percent of the total capital deployed in the MENA region. According to the Dubai-based data analytics platform, the Kingdom ranked second in deal counts, facilitating 54 transactions against the UAE’s 60.

  • Here Are 4 Notable MENA Tourism Startups

    MENA startups attracted $1.1 billion in funding in Q1 2023, according to Wamda, with the travel-tech sector accounting for $9 million. Here are four regional travel startups revitalizing the market.

  • Chelsea confirm Edouard Mendy departure as he seals to move to Saudi Arabian side Al Ahli

    His former Chelsea teammates Kalidou Koulibaly and N'Golo Kante have also sealed moves to Saudi Arabia - Senegal teammate Koulibaly joining Al Hilal, while Kante is with Saudi Pro League champions Al Ittihad.

  • Chart: China Still Favored Over U.S. In MENA, But Losing Ground

    According to the survey, the share of people saying they wanted stronger economic relations with China has dropped in many of the countries since the same question was asked in 2018-19. Jordanians and Palestinians are now 20 percentage points less likely to want stronger economic ties with China than before, while Sudan saw a 14 percentage point decrease and Libya and Morocco a 13 percentage point decrease. In terms of the U.S. there has not been as widespread a decline since 2018-19. Only the Palestinian territories (-10 p.p.) and Jordan (-9 p.p.) have seen major declines while Sudan (-2 p.p.) and Morocco (-1 p.p.) saw smaller drops and Iraq (+11 p.p.), Tunisia (+9 p.p.) and Libya (+6 p.p.) saw increases.

  • Hajj pilgrimage starts in Saudi Arabia, with 2 million expected after lifting of COVID measures

    Some 2 million Muslim pilgrims officially began the annual Hajj pilgrimage on Monday, making their way out of Mecca after circling Islam’s holiest site, the Kaaba, and converging on a vast tent camp in the nearby desert for a day and night of prayer. One of the largest religious gatherings in the world has returned to full capacity this year for the first time since the onset of the coronavirus pandemic three years ago. The pilgrimage is one of the five pillars of Islam, and all Muslims are required to make the five-day Hajj at least once in their lives if they are physically and financially able to do it.

  • Saudi artist Ahmed Mater talks to Christie’s about his art

    Ahmed Mater was born in Tabuk in the northwest of Saudi Arabia in 1979, and grew up near the city of Abha in the southwest of the country. His father was a sergeant in the army and his mother was a calligrapher and artist. After training as a doctor, Mater studied at the Al-Meftaha Arts Village, where he began using discarded X-rays from the local hospital to make art. The culmination of this practice was the powerful installation Evolution of Man (2010), in which an X-ray of a man holding a gun is transformed into a petrol pump.