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  • Alibaba, PIF-Backed Venture Capital Fund to Raise $1 Billion for Tech Deals

    A venture capital fund that’s backed by Saudi Arabia’s Public Investment Fund and China’s Alibaba Group is close to raising $1 billion to back technology start-ups in Asia and the Middle East. “Saudi has a very big market and China has Internet and technology companies that are preparing to expand globally, so one hand has the market, and the other hand has the technology,” eWTP Arabia Capital founding partner Jerry Li said in an interview in Riyadh.

  • Saudi diplomats leave Afghanistan, relocate to Pakistani capital – sources

    Saudi diplomats have left Afghanistan for "training" and will return, the Taliban administration said on Monday, though three sources familiar with the matter said security concerns had contributed to their departure. A diplomatic source and two other sources said Saudi Arabia's diplomats had left by air and relocated to Pakistan late last week due to warnings of heightened risks of attacks in the Afghan capital Kabul. The Taliban said their departure was temporary and not for security reasons. "Some employees of Saudi Arabia's embassy have gone out for a kind of training, and will return," Zabiullah Mujahid, a spokesperson for the Taliban administration, said.

  • The changing landscape of the Saudi design industry

    The first Designathon competition was recently held in Riyadh, gathering 500 designers and specialists to solve key issues facing the design industry, including social impact, health and sustainability. Organized by the Architecture and Design Commission on Feb. 2-3, it brought together local creators to compete for awards collectively worth more than SR500,000 ($133,000).

  • Saudi diplomats leave Afghanistan, relocate to Pakistani capital -sources

    Saudi diplomats have left Afghanistan for "training" and will return, the Taliban administration said on Monday, though three sources familiar with the matter said security concerns had contributed to their departure. A diplomatic source and two other sources said Saudi Arabia's diplomats had left by air and relocated to Pakistan late last week due to warnings of heightened risks of attacks in the Afghan capital Kabul.

  • Saudi diplomats leave Afghanistan, relocate to Pakistani capital – sources

    Saudi diplomats have left Afghanistan for "training" and will return, the Taliban administration said on Monday, though three sources familiar with the matter said security concerns had contributed to their departure. A diplomatic source and two other sources said Saudi Arabia's diplomats had left by air and relocated to Pakistan late last week due to warnings of heightened risks of attacks in the Afghan capital Kabul.

  • Saudi Arabia captures cycling in sports charm offensive

    This week's Saudi Tour is the first of three stage races in the Arabian Peninsula in February, with competitions also scheduled in Oman and the United Arab Emirates. Among the riders are Dutch sprinter Dylan Groenewegen, a winner of five stages at the Tour de France, and German veteran John Degenkolb, who has claimed titles at Paris-Roubaix and Milan-San Remo.

  • Saudi Arabia captures cycling in sports charm offensive

    Cycling is the newest gem in Saudi Arabia's expanding collection of sporting jewels as the conservative Gulf monarchy and its neighbours invest hugely in sport to burnish their international image and diversify their economies. This week's Saudi Tour is the first of three stage races in the Arabian Peninsula in February, with competitions also scheduled in Oman and the United Arab Emirates. Among the riders are Dutch sprinter Dylan Groenewegen, a winner of five stages at the Tour de France, and German veteran John Degenkolb, who has claimed titles at Paris-Roubaix and Milan-San Remo.

  • Middle East refiners capitalizing on Europe’s thirst for non-Russian diesel

    The Middle East, flush with new refining capacity, has stepped up its fuel exports to Europe, just as the EU's embargo on Russian oil products is set to go into effect Feb. 5.

  • Middle East refiners capitalizing on Europe’s thirst for non-Russian diesel

    The Middle East, flush with new refining capacity, has stepped up its fuel exports to Europe, just as the EU's embargo on Russian oil products is set to go into effect Feb. 5.

  • Sultan Al Jaber’s COP28 Appointment Captures Key Climate Trends and Fault Lines

    Beyond the criticism of environmental activists and praise of supporters, the appointment points to Gulf efforts to address the regional dilemma posed by climate change, highlights UAE exercise of soft power, and underscores U.S.-UAE cooperation.