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  • Frustrated Saudi Arabia hold Australia 0-0 away in World Cup qualifier

    Herve Renard marked his return to the Saudi Arabia dugout with a gritty 0-0 draw against hosts Australia as the Green Falcons fumed at a late disallowed goal that cost them maximum points in a crunch World Cup qualifier on Thursday. Both sides had chances in front of 27,000 fans at Melbourne Rectangular Stadium but Renard's players were furious after Sultan Al-Ghannam's late strike was ruled offside although it was confirmed by VAR after a long break in play.

  • Ceer & Rimac: Leading High-Performance EVs in Saudi Arabia

    Ceer, the first Original Equipment Manufacturer (OEM) in the Middle East, is building a range of world-class EVs to serve the Saudi and broader Middle Eastern markets. The partnership will supply Ceer’s upcoming flagship EVs with Rimac’s high-performance, fully integrated Electric Drive Systems (EDS), setting a new standard for EVs in the Middle East. Foxconn, another strategic partner, will oversee the vehicles’ electrical architecture, focusing on advanced infotainment, connectivity and autonomous driving technologies.

  • Embraer’s search for new airplane partner brings Saudi aviation ambitions to the fore

    Yet, Embraer’s chief executive was quick to tell TAC that the glacial progress on China has given way to a growing focus on the Middle East. “Another front, yes, that has progressed better than China is Saudi Arabia,” said Neto unbidden, remarking that the Brazilian plane maker is currently in talks for a “broad collaboration in Saudi.” Embraer is expected to provide a comprehensive update on its business during an investor day on Nov. 18 in New York City.  Embraer’s search for a partner for its next airplane isn’t new. Ever since the demise of its expansive joint venture with Boeing in 2020, Embraer has been seeking a deep-pocketed partner to help foot the bill for a new program, which was initially expected to be a 70 to 90-seat turboprop until Embraer put that project on hold at the end of 2022, citing a lack of availability of sufficient propulsion.

  • NEOM Names Phase One Design Team for Saudi Arabia ‘The Line’ Megaproject

    The team helping design phase one includes Austrian firm Delugan Meissl Associated Architects as urban designer. NEOM has appointed San Francisco-based Gensler as city planning consultant and city asset design architect for infrastructure, including transportation hubs and public spaces. And U.K.-based Mott MacDonald is the city infrastructure engineer, which will handle vertical and horizontal structures, as well as city utility systems.

  • Strained Israel-Jordan ties are further tested by Gaza, but a turnaround is possible

    30 years have passed since Israel and Jordan signed a peace treaty on Oct. 26, 1994. But instead of celebrations — and apart from a few conferences held by Israeli research centers — this anniversary was largely marked by disappointment and even despair. Relations, it is claimed, are at an all-time low, although this has been said before, and the future prospects seem bleak, as the war in Gaza continues and peace between Israelis and Palestinians seems more distant than ever.

  • COP climate talks not fit for purpose and need reform, say climate leaders

    Delegates struggled for hours on the opening day to agree an agenda and the mood has been soured by doubts about the United States' future role under a Donald Trump presidency, diplomatic spats involving the host nation and the withdrawal of the Argentinian delegation. Friday's letter, signed by more than 20 experts, former leaders and scientists, including former UNFCCC boss Christiana Figueres and former U.N. Secretary-General Ban Ki-moon, said the COP process had achieved much, but now needed an overhaul.

  • Saudi Fund’s $1 Billion Deal Boosts Middle East Selldowns

    A $1 billion stake sale in Saudi Arabia’s largest mobile phone operator is the latest sign that the market for follow-on equity offerings is picking up in the Middle East. Until recently, a three-year rush of initial public offerings in the Persian Gulf had yet to generate the surge in secondary share sales seen in other markets. But for the region’s sovereign wealth funds focused on raising cash to finance their economic transformation plans, follow-ons broaden their options for state-owned assets beyond the initial listing.

  • Saudi Arabia and IMF to co-host AlUla Emerging Markets Conference in February 2025

    The AlUla Emerging Markets Conference will bring together a distinguished group of finance ministers, central bank governors, policymakers, and public and private sector leaders from emerging markets, as well as representatives from international institutions and academia. It will provide a unique platform to exchange views on local, regional, and global economic developments and discuss policies and reforms aimed at stimulating inclusive prosperity and building resilience, supported by strong international cooperation, Al-Jadaan and Georgieva said.

  • What Trump 2.0 Could Mean for the Gulf Cooperation Council

    Unlike the situation in Trump’s first term, when Saudi Arabia and the UAE lobbied the U.S. to support their blockade of Qatar, quit the Iran nuclear deal, and impose “maximum pressure” on Tehran, Gulf states in the past few years have sought to address their differences through diplomacy, dialogue, and cooperation. This has led to an easing of tensions within the GCC and an overall détente with Iran. It remains unclear whether the next Trump administration will pressure GCC states into aligning with an aggressive anti-Iranian foreign policy agenda and what options the Gulf Arab governments would have for resisting such pressure.

  • S&P Global expects GCC banks to continue strong performance in 2025

    "The unanticipated, severe increase in geopolitical risk or a major decline in oil prices could weigh on banks’ creditworthiness," S&P said. "Depending on how the scenario unfolds, we expect banks will be relatively resilient." The GCC countries will also benefit from the implementation of economic transformation projects, especially Saudi Arabia, the agency said. It noted that the GCC banks will continue to grow their lending books without generating major macroeconomic imbalances.