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  • As war destroys Yemen’s present, museums struggle to preserve its past

    A bronze statue of the main god of the kingdom of Saba, located in what is now the Yemeni province of Marib, lies in a dark and fortified room of the Sanaa National Museum.

  • Erdogan says Turkey ‘neutralised’ PKK official in Iraq camp strike

    Turkey hit a senior Kurdistan Workers Party (PKK) official at a refugee camp in northern Iraq, President Tayyip Erdogan said on Sunday, in the first Turkish confirmation of an air strike on the camp which Ankara says is a haven for Kurdish militants. Erdogan had warned last week that Turkey would target the Makhmour camp, which shelters thousands of Turkish Kurds, and Iraqi officials said on Saturday that Turkey carried out an air strike there which killed three people.

  • Acwa Power signs deal with Neutral Fuel to supply biofuel for Saudi Arabia’s Red Sea project

    Saudi Arabia’s Acwa Power signed an agreement with Dubai-based Neutral Fuels to supply net-zero biofuel – a clean form of fuel that lowers emissions – to power the kingdom’s tourism project on the Red Sea coast. The biofuel produced by Neutral Fuels will power the site’s entire transportation network and will contribute to the tourism project's efforts to be sustainable, the two companies said in a statement on Tuesday.

  • Qatar Petroleum hires banks to run ‘jumbo’ bond sale in June

    Qatar Petroleum (QP) has hired international banks for a multi-billion dollar debut public bond sale by the end of June, two sources said, as lower oil and gas prices prompt Gulf energy firms to raise cash.

  • Riyadh Ranks Among World’s Most Ambitious Entrepreneurial Cities

    The Saudi capital is the world’s 14th most ambitious city for entrepreneurs, according to a study by UK-based card payment provider, Dojo. The ranking is calculated by considering five factors including the number of new businesses registered, the cost of starting a business as a percentage of GNI per capita, GDP per capita, percentage of the population with access to education, and Google searches for starting a new business.

  • Navigating Saudi Supreme Court Guidelines for Force Majeure and COVID-19

    The pandemic has given rise to many situations where businesses have been adversely affected in their ability to deliver on their obligations under existing contracts, and have either suffered, or have faced the prospect of incurring, loss and damage. In such circumstances, many affected parties have initiated legal action through the Courts, with the Courts called upon to decide whether the situation amounts to a Force Majeure or to Emergency Circumstances.

  • Migrant crossings to Spain’s Ceuta slow, but row with Morocco deepens

    The influx has hiked existing tensions between Spain and Morocco, with Prime Minister Pedro Sanchez on Wednesday accusing Rabat of “disrespect” over the crisis. The spat comes with Spain and Morocco at loggerheads over Madrid’s decision to provide medical treatment for the ailing leader of the Western Sahara independence movement who has Covid-19.

  • Crown Prince of Dubai launches digital crowdfunding initiative to boost entrepreneurship

    Sheikh Hamdan commented “The Dubai Next platform will contribute to stimulating positive competition and encouraging youth to put forward ideas as well as obtain community support through crowdfunding. It will also empower a generation that is capable of succeeding in a competitive commercial environment, thus reinforcing the fundamental role of SMEs in economic development so that the UAE can continue to stand as a model for youth empowerment.”

  • Europe slaps anti-dumping duties on MEG Saudi petchems product

    The companies affected by the new levy include Yanbu National Petrochemical Co. (Yansab), Saudi Kayan Petrochemical Co. (Saudi Kayan), Eastern Petrochemical Co. (Sharq), Saudi Yanbu Petrochemical Co. (Yanpet), Arabian Petrochemical Co. (Petrokemya), and Jubail United Petrochemical Co. (JUPC). The original anti-dumping probe into Saudi and US MEG exports began in October 2020, Argaam said. It followed a petition from European ethylene glycol producers, which represent a quarter of total producers.

  • Saudi Arabia May Bar Overseas Hajj Pilgrims Again, Reuters Says

    Saudi Arabia may bar overseas pilgrims from the annual hajj for the second year to contain the spread of coronavirus, Reuters reported, citing people familiar with the matter. The pilgrimage would be restricted to vaccinated nationals and residents, as well as those who have recovered from the virus at least six months prior to attending, according to Reuters. Authorities have yet to take a final decision, the news agency said.