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  • Warring Sudanese factions fight on after failing to agree truce

    A so-called declaration of principles was signed in Saudi Arabia late on Thursday after nearly a week of talks between the two sides, but neither has yet released statements acknowledging the deal.

  • Pakistan court orders Imran Khan’s release on bail, lawyer says

    A Pakistani court ordered former Prime Minister Imran Khan's release on bail for two weeks, his lawyer said on Friday, after his arrest ignited deadly protests and a tussle with the military. The arrest, which the Supreme Court ruled "invalid and unlawful" a day earlier, has fuelled instability in the nation of 220 million at a time of economic crisis, with record inflation, anaemic growth and delayed IMF funding.

  • Saudi Arabia announces US$1.5bn railway to connect its giga-projects

    Webuild and its joint-venture partner Shibh Al Jazira Contracting Company (SAJCO) have signed a contract worth around US$1.5 billion to design and build 57 kilometres of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia. The contract covers the design and build for the majority part of the Connector, a railway connecting Oxagon, NEOM’s centre for advanced and clean industries with THE LINE, a future-forward city.

  • Almosafer is first travel company in Saudi Arabia to launch integration of OpenAI’s ChatGPT

    Saudi Arabia’s leading travel company (part of Seera Group) is piloting the integration of ChatGPT, an artificial intelligence (AI) chatbot developed by the AI research and deployment company, OpenAI, on its mobile booking platforms. ChatGPT is a state-of-the-art language model that uses advanced AI techniques to generate human-like text responses in a conversational manner.  

  • Middle East maintains IPO momentum into 2023, EY says, despite slowdown

    "MENA IPOs continue to go against global trends in these uncertain economic times, building on the momentum from last year," Brad Watson, EY's Middle East and North Africa (MENA) strategy and transactions leader, said in a statement. Middle East companies last year raised some $21.9 billion through IPOs, Dealogic data shows, more than half the total for the Europe, Middle East and Africa region. MENA saw a 33% drop in the number of IPOs and a 14% fall in value in the first quarter from the year-prior period.

  • Middle East maintains IPO momentum into 2023, EY says, despite slowdown

    Middle East companies raised nearly 16% of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region's momentum from a blockbuster 2022 continued, consulting firm EY said on Wednesday. Companies in the region raised $3.4 billion in the first quarter from 10 IPOs. That included a $2.5 billion listing by ADNOC Gas, a unit of Abu Dhabi's state oil giant, which was the quarter's largest IPO globally.

  • Cases against social media influencers raise concerns over freedoms in Iraq

    Iraq’s judiciary is issuing arrest warrants and convicting social media stars over allegedly inappropriate content. Reactions to these measures have been divided. Some Iraqis support the moves, feeling that certain videos and social media posts are indecent and offensive. But others have raised concerns over the legality of the cases and questioned whether this could be the beginning of a wider crackdown on freedoms and government opponents.

  • NEOM: Saudi megaproject name, logo explained

    The name NEOM was created by using the first three letters of the ancient Greek word – neo, meaning new and the ‘M’ comes from the first letter of the Arabic word – Mustaqbal, meaning future. ‘M’ is also the first letter of the name of the Kingdom’s Crown Prince – Mohammed bin Salman. The name “NEOM” was formed and agreed upon unanimously by the board. The name was finalised after testing lists of over 2,000 names proposed by the consulting team which was then reduced to 150 names and finally five names of which none were chosen.

  • Middle East maintains IPO momentum into 2023, EY says, despite slowdown

    Middle East companies raised nearly 16% of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region's momentum from a blockbuster 2022 continued, consulting firm EY said on Wednesday. Companies in the region raised $3.4 billion in the first quarter from 10 IPOs. That included a $2.5 billion listing by ADNOC Gas, a unit of Abu Dhabi's state oil giant, which was the quarter's largest IPO globally. "MENA IPOs continue to go against global trends in these uncertain economic times, building on the momentum from last year," Brad Watson, EY's Middle East and North Africa (MENA) strategy and transactions leader, said in a statement.

  • Saudi Arabia operates relief air bridge to crisis-hit Sudan

    The first plane carrying aid and medical equipment left Saudi Arabia Tuesday afternoon heading for crisis-hit Sudan as part on a relief air bridge operated by the Kingdom, Al Arabiya reported. The military plane heading to Port Sudan is carrying 10 tonnes of medical equipment, shelter tents and other forms of relief for those internally displaced after being loaded at Riyadh’s King Khalid International Airport, both Al Arabiya and Saudi Arabia’s al-Ekhbariya state television reported.