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  • Blackstone to invest in UK from $14bn Saudi-backed fund

    Blackstone is planning to use money from a $14bn Saudi-backed infrastructure fund to invest in the UK in the wake of Boris Johnson’s decisive election victory, after a slow start to the US rebuilding drive that was originally slated to receive much of the cash. The alternative assets giant has hired Jonathan Kelly from rival investment firm Brookfield to set up and lead a team of about 10 people in London to hunt for deals in the UK and Europe.

  • Broadband Services in Saudi Arabia Set to Receive Significant Boost From New Open Access Initiative

    In a first-of-its-kind initiative led by Saudi Arabia’s telecoms regulator, the Communications and Information Technology Commission (CITC), all the six Telecom Service Providers in Saudi Arabia signed an open access agreement guaranteeing the provision of fiber-to-the-home (FTTH) broadband services through any subscriber-selected service provider, independent of fiber infrastructure ownership.

  • How This Saudi Arabian Female Entrepreneur Broke Barriers To Champion Women In Motorsports

    Aseel Al-Hamad, founder of IDegree Design, an integrated interior design agency, became the first female to be appointed as a board member of the Saudi Arabian Motor Federation. She champions the voice of female drivers in the Kingdom.

  • Saudis Weigh Break With Russia Over Response to Coronavirus

    The Saudi kingdom, Kuwait and the United Arab Emirates—which collectively represent over half of OPEC’s production capacity—are holding talks this week to discuss a possible joint output cut of as much as 300,000 barrels a day

  • Media district project launched in Jeddah

    The Saudi Ministry of Housing, Ministry of Media and Shamayel United Development Company announced on Thursday the establishment of the Media District as part of Mayasem residential project in Obhur, north of Jeddah. The project extends over an area of 1.6 million square meters, offering around 5,000 residential units, including over 900 residential units dedicated to media professionals.

  • Libya’s Haftar says any ceasefire would be contingent on Turkish withdrawal: RIA

    Khalifa Haftar, Libya’s eastern military commander, said he would be ready for a ceasefire if Turkish and Syrian mercenaries left the country and Ankara stopped supplying weapons to Libya’s internationally recognized government in Tripoli, RIA reported.

  • Oil falls 1% as spreading virus compounds concerns over demand hit

    Brent crude LCOc1 was down 64 cents, or 1.1%, at $58.67 a barrel by 0703 GMT, while U.S. crude CLc1 dropped 54 cents, or 1%, at $53.34 a barrel. South Korea’s fourth-largest city has become the latest virus hotspot, with streets abandoned and residents staying indoors after dozens of people were infected in what authorities described as a “super-spreading event” at a church.

  • Pompeo announces ‘understanding’ between U.S. and Taliban

    “After decades of conflict, we have come to an understanding with the Taliban on a significant reduction in violence across #Afghanistan,” Pompeo wrote on Twitter, describing the latest development as “an important step on a long road to peace,” and calling on Afghans “to seize this opportunity.”

  • Challenges Await Oman’s New Sultan as Mourning Period Ends

    On February 20, Oman will begin its next era in earnest. The new sultan, Haitham bin Tariq al-Said, was officially sworn in on January 11, but he has remained quiet and mostly out of sight during the forty-day mourning period that followed the death of his cousin, Sultan Qaboos. Now that this period is drawing to a close, he is free to put his stamp on Omani policy.

  • Ship seizures included ‘relatively new’ Iranian surface to air missile bound for Houthi rebels in Yemen

    Capt. William Urban, the lead spokesman for U.S. Central Command, told reporters Wednesday that the seized missile components were “relatively new” Iranian-manufactured missiles that have not been “widely distributed.”