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  • 10 Dubai photos show incredible changes over the years

    When Dubai celebrated the UAE’s 51st National Day on December 2 it was as a global city with hundreds of skyscrapers, world-class airports and modern attractions that are the envy of the world. But it wasn’t always that way. Just a few decades ago, construction projects were less ambitious, the city was much smaller and the vision was still taking shape. Website Dubai As It Used To Be is a treasure trove of memories and photographs of the emirate in the mid to late 20th century.

  • Iranian state media dismisses claims morality police has been abolished

    A top Iranian official has said that the nation’s mandatory hijab law is being reviewed, as state media played down the same official’s claim that the country’s much-feared morality police force had been “abolished” amid ongoing protests. Iran’s Attorney General Mohammad Jafar Montazeri said Thursday that Iran’s parliament and judiciary were reviewing the law that requires women to wear a hijab in public, according to pro-reform outlet Entekhab.

  • Uncertainty over Iran’s morality police after official’s ‘disbanded’ remarks

    There is uncertainty over the status of Iran's morality police, which enforces its dress code, after a senior official suggested that it had been disbanded. When asked about the Guidance Patrol at a conference, Attorney General Mohammad Jafar Montazeri said they "have been shut down from where they were set up". However, the government did not confirm the move and local media reported that his remarks had been "misinterpreted".

  • Saudi Aramco’s Luberef expects to raise up to $1.32 billion from IPO

    Saudi oil giant Aramco's (2222.SE) base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it said, if it prices at the top of a range announced on Sunday. Luberef will sell nearly 30% of the company's issued share capital, or 50.045 million shares, at between 91 and 99 riyals each, the company said in a statement. State-led IPO programmes in Saudi Arabia, Abu Dhabi and Dubai have helped equity capital markets in the oil-rich Gulf, in sharp contrast to the United States and Europe, where global banks have been trimming headcount in a dealmaking drought.

  • No OPEC+ oil shakeup as Russian price cap stirs uncertainty

    The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia’s oil earnings in response to its invasion of Ukraine. Those are: a European Union boycott of most Russian oil and a price cap of $60 per barrel on Russian exports imposed by the EU and the Group of Seven democracies.

  • Foster + Partners Wins Competition for King Salman International Airport in Saudi Arabia

    Foster + Partners has been announced as the winner of the competition to design the new King Salman International Airport in Riyadh. Saudi culture and identity drive the airport's architectural design to ensure a unique travel experience for visitors and transit travelers. The master plan will boost Saudi Arabia's capital as a global logistics hub, stimulate transport, trade, and tourism, and act as a bridge connecting 180 million passengers from East to West.

  • Bahrain Left Out of Qatar World Cup’s Show of Middle East Unity

    Bahrain began to allow its citizens to visit Qatar freely only in July. Before that, would-be visitors had to secure special approval from the foreign ministry. Qataris seeking to visit Bahrain, meanwhile, had to obtain a visa, despite both countries being members of the Gulf Cooperation Council, a grouping that’s supposed to allow free movement within the bloc for citizens of any of its six nations.

  • NBA for sale: Dubai, Qatar and Saudi on alert as basketball league looks to unlock $30tn investment opportunity

    The NBA (National Basketball Association) will let sovereign wealth funds, pensions and endowments acquire passive stakes in its teams, opening up to investors who manage assets that by some estimates exceed $30tn. The NBA’s board of governors voted to approve such investments, though any buyer would still be subject to league review and board approval, spokesperson Mike Bass said. The move extends the NBA’s push to get more institutional investors involved in team ownership.

  • Saudi Arabia announces new visa to visit friends, attend sports, entertainment events

    In its continued effort to embrace tourism and improve access to the country, the ministry of foreign affairs announced that visa holders will be allowed to travel across the Kingdom, as well as perform Umrah, visit Makkah and Madinah, in addition to visiting religious, and historical sites, and take part in sports and cultural events. Saudi citizens can submit a request for a personal visit on the official visa platform and apply for a visit request by logging in through the eVisa platform and filling out the data for the invitees.

  • Energy crisis highlights need to broaden renewables’ supply chain

    Enel is investing in manufacturing solar panels in Europe and in the United States to hedge against the risk of a single-source supply chain, Starace said, adding that he's aware of other companies following suit. He said the company is currently deciding between four different U.S. states to site its planned factory. "It is now the case that both in Europe and in the U.S., you have regulation and laws that kind of make it easier and more economically appealing to do this reshoring," Starace said.