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  • Saudi PIF, Bahrain’s Mumtalakat to boost cooperation, investment

    The sovereign wealth funds of Saudi Arabia and Bahrain have signed a memorandum of understanding (MoU) to boost cooperation and investment in strategic sectors, Saudi state TV reported. Saudi Arabia's PIF said the MoU will enhance its investment opportunities in Bahrain and will provide others for the private sector in the two countries, Tuesday's TV report added.

  • Saudi Arabian private capital increasingly focused on domestic growth in 2024 and beyond

    The report finds two key themes are driving the future of Saudi Arabia’s position in the private capital landscape: The first theme is Saudi Arabia’s government, investors, and corporates are fostering partnerships with fund managers to bring further knowledge, infrastructure development, and co-investment to the country. From fund managers’ perspectives, Saudi Arabia is now more than just a location for raising investor capital. The second theme is Saudi Arabian appetite for domestic investment through private markets, which continues to swell as home-grown entrepreneurialism, and so investment opportunities, burgeon.

  • How the EV Transition Is Reshaping the Global Auto Industry

    The biggest transformation of the auto industry in a century is underway, as governments offer massive subsidies to speed up the shift to electric vehicles. In the past year, several surprises have emerged. One is the size of the lead Chinese automakers have opened, and just how difficult it will be for the rest of the field to compete with the lower cost and advanced technology of made-in-China cars. Another is the extent of the country’s dominance of the EV supply chain. And just as automakers have begun scrambling to catch up, the growth in demand for EVs has slowed globally. This combination could mean big losses for Western automakers and endanger ambitious goals for reducing the greenhouse gas emissions that come from road transportation.

  • Becoming “Neutral”: Addressing the Increasing Stakes of Qatar’s Hamas Mediation

    In Israel’s war in Gaza, Qatar has played an integral role as a mediator, leveraging its long-term contacts with Hamas. Playing a role procuring hostages from a warzone and trying to broker a cease-fire might seem like unalloyed positives. Yet, beyond its catastrophic humanitarian consequences, the Gaza conflict is proving to be poisonous in exacerbating ideological tensions within the Arab world and well beyond, deeply dividing people into diametrically opposed camps, or at least reinforcing existing political and ideological divisions.

  • Americans’ Views of Both Israel, Palestinian Authority Down

    Americans’ opinions of both Israel and the Palestinian Authority have worsened in the past year amid escalating tensions between the two sides since last fall. Fifty-eight percent of Americans, down from 68% last year, have a “very” or “mostly favorable” view of Israel. This is the lowest favorable rating for Israel in over two decades. At the same time, positive opinions of the Palestinian Authority have dropped from 26% to 18%, the lowest since 2015.

  • Scientists reveal secrets of Earth’s magnificent desert star dunes

    They are among the wonders of our deserts: star dunes, the vaguely pyramid-shaped sand formations up to about 1,000 feet (300 meters) tall with arms stretching out from a central peak to give them a star-like appearance when viewed from above. Scientists on Monday unveiled the first in-depth study of a star dune, revealing the internal structure of these geological features and showing how long it took for one of them to form - more quickly than expected but still a process unfolding over many centuries.

  • Kamala Harris’ blunt Gaza words reflect intense government frustration over war

    U.S. Vice President Kamala Harris bluntly called out Israel on Sunday for not doing enough to ease a "humanitarian catastrophe" in Gaza as the Biden administration faces increasing pressure to rein in its close ally while it wages war with Hamas militants. Harris, speaking in front of the Edmund Pettus Bridge in Selma, Alabama, where state troopers beat U.S. civil rights marchers nearly six decades ago, called for an immediate ceasefire in Gaza and urged Hamas to accept a deal to release hostages in return for a 6-week cessation of hostilities.

  • Harris is to meet with Israeli Cabinet official who is in Washington despite Netanyahu’s rebuke

    Vice President Kamala Harris on Monday is hosting a member of Israel’s wartime Cabinet who is visiting Washington in defiance of Israeli Prime Minister Benjamin Netanyahu. Benny Gantz, a centrist political rival of Netanyahu, is sitting down with several senior Biden administration officials this week, including Harris, Secretary of State Antony Blinken and Jake Sullivan, the White House national security adviser. President Joe Biden is at Camp David, the presidential retreat just outside Washington, until Tuesday.

  • Saudi artist reimagines Kingdom’s capital in vibrant pixels

    Saudi artist Khaled Makshoush has mastered pixel designs to reimagine Saudi Arabian scenes in a form of art that is personal, soothing and contemporary. Indie and retro-style video games use pixel designs to create a colorful and visual design, but with his tablet and stylus the Riyadh-based artist captures a variety of sights, from construction sites with cranes to the iconic streets of the capital and the serene terracotta-coloured desert.

  • Saudi bourse falls ahead of OPEC+ meet; Egypt gains

    OPEC+ will consider extending voluntary oil output cuts into the second quarter, Reuters reported last week citing three OPEC+ sources, to provide additional support for the market, and could keep them in place until the end of the year, according to two of them. Saudi Arabia's benchmark index (.TASI), opens new tab dropped 0.6%, hit by a 1.5% fall in Al Rajhi Bank and a 1.2% decline in the biggest lender, Saudi National Bank (1180.SE), opens new tab.