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  • Saudi Arabia needs a second airline because it’s ‘not as easy as it should be’ to get to ‘the home of Cristiano Ronaldo,’ says the CEO of the country’s next carrier

    Tony Douglas, the CEO behind Saudi Arabia's soon-to-be second flag carrier, couldn't get a direct flight to Singapore from his home base of Riyadh. Douglas, who heads Riyadh Air, had to instead fly to Dubai, then transfer to UAE-based airline Emirates to get to Southeast Asia. Other staff members had to fly Qatar Airways via Doha. Saudi Arabia is "the home of Cristiano Ronaldo [and] a country that’s two-thirds the size of Europe." Douglas said in a moderated discussion at Aviation Festival Asia 2024 in Singapore on Wednesday.

  • Bain & Company expects Saudi retail sector to grow 4-5% annually

    Speaking on the sidelines of the Retail Leadership Summit (RLS), he stated that Saudi Arabia witnessed a recovery in the retail sector in 2023, as consumer spending rose by 6.7%, after difficult last few years marked by value-added tax (VAT), COVID, and inflation. Some categories like restaurant and grocery grew even faster, while others such as fashion, jewelry, and electronics were more stagnant. The growth in spending on entertainment means that consumers have less money to spend on retail, Fabre added.

  • Ukraine’s Zelenskyy in Saudi Arabia to talk prisoners, Russia war

    I had a meaningful and candid conversation with His Royal Highness Crown Prince Mohammed bin Salman. We discussed the Peace Formula's points and the progress that can be made in implementing them. Saudi Arabia's leadership can assist in finding equitable solutions. We value His Royal Highness' commitment to restoring genuine peace and are grateful for his advice and support. I also spoke about our efforts and dialogue with partners in preparation for the Global Peace Summit in Switzerland. We discussed the summit’s substance and the steps that can be taken to restore true security to Ukraine, Europe, and the global community of nations. We also looked at specific opportunities for economic and technological cooperation between Ukraine and Saudi Arabia.

  • A deal between Israel and Hamas appears to be taking shape. What would it look like?

    Israel and Hamas are inching toward a new deal that would free some of the roughly 130 hostages held in the Gaza Strip in exchange for a weekslong pause in the war, now in its fifth month. U.S. President Joe Biden says a deal could go into effect as early as Monday, ahead of what is seen as an unofficial deadline — the start of the Muslim holy month of Ramadan, around March 10. A deal would bring some respite to desperate people in Gaza, who have borne a staggering toll, as well as to the anguished families of Israeli hostages taken during Hamas’ Oct. 7 attack that sparked the war.

  • F1 returns to beIN Sports in Middle East with 10-year deal

    Qatar's beIN Sports has agreed a 10-year-deal to broadcast Formula One exclusively across the Middle East, North Africa and Turkey, both parties announced on Wednesday ahead of the Bahrain season-opener. The pay-TV broadcaster held the rights until the end of the 2018 season, when it decided not to renew as a consequence of piracy in the region. A 'BeoutQ' channel had emerged in 2017 after Saudi Arabia and its allies launched a diplomatic and trade boycott of Qatar, accusing the tiny Gulf state of supporting terrorism, which Doha denied.

  • The Danger of Regional War in the Middle East

    How far a ceasefire in Gaza would go to calm the region is unclear, but while Israel’s assault on the strip persists, the risks of all-out war or other growing instability remain high. The mass expulsion of Palestinians from Gaza into Egypt would almost certainly inflame Middle East tensions further, as would stepped-up Israeli military and settler action in the occupied West Bank and East Jerusalem during Ramadan in March and April.

  • Saudi eyeing PL stars, including De Bruyne, Salah – source

    A source told ESPN that there will also be a push to sign younger players, including Juventus' 20-year-old forward Matìas Soulè. Sources in Saudi Arabia are not expecting top-flight teams to match their record £757 million ($957m) spend from 2023 but insist this summer's transfer strategy will be equally aggressive and the outlay on player fees is set to be significant.

  • Zelenskyy in Saudi Arabia to push for peace, POW deal with Russia

    Ukrainian President Volodymyr Zelenskyy has held talks in Saudi Arabia with the Crown Prince Mohammed bin Salman (MBS) in an attempt to push for an end to the invasion of Ukraine and the return of prisoners of war from Russia. A statement on Zelenskyy’s website said the two men discussed a Ukrainian plan to end the conflict, and said that the president had thanked MBS for his mediation role.

  • Exclusive: Prince Khaled bin Alwaleed reveals new investments in fusion technology and DTC startups, urges more VC funding for sustainability tech

    “What inspires a lot of confidence in me is founders that know their market, their competition, their numbers,” he added. Prince Khaled stressed the significance of a robust understanding of the market, competition and financial metrics. Founders who demonstrate a deep knowledge of these aspects inspire confidence and are more likely to secure KBW Ventures’ backing. One company that impressed Prince Khaled was —A Dozen Cousins, a natural food brand specialising in authentic Creole, Caribbean and Latino-inspired dishes, founded by CEO Ibraheem Basir. The company’s brand narrative is influenced by Basir’s childhood spent in the culinary melting pot of Brooklyn and is named after his daughter and her 11 cousins. Basir met Prince Khaled at InFlavour, a leading B2B food event hosted by Tahaluf in partnership with the Saudi Ministry of Environment, Water and Agriculture (MEWA). A Dozen Cousins won in the conference’s startup competition, with Prince Khaled participating as a judge.

  • Saudi-China Collaboration in the Context of a Circular Carbon Economy: Priorities and Opportunities in the Globalization of Hydrogen Markets

    Developing clean hydrogen industries and markets are strategically crucial for Saudi Arabia and China to achieve their net-zero climate goals. Saudi Arabia has made significant progress in hydrogen development from extraction to commercialization. Different options for galvanizing clean hydrogen production are being explored, with the goal of reaching four million tons of clean hydrogen annually by 2030, most of which will be exported to major energy consumers in East Asia and Europe. China is the world’s largest producer and consumer of hydrogen. The construction of an integrated hydrogen industry by 2035 will promote the use of hydrogen across the transportation, energy storage, and industrial sectors.