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  • Are Egypt and Iran ready to start a new chapter?

    Representatives from Egypt and Iran have been meeting in Iraq since March with the mediation of Baghdad, according to Iraqi sources. The talks covered tensions over Yemen, Lebanon, and Syria. The possibility of a meeting between the president of Egypt, Abdel Fattah el-Sisi, and the president of Iran, Ebrahim Raisi, was also discussed. On Monday, Supreme Leader Ayatollah Ali Khamenei said in a meeting with Oman's Sultan that Tehran welcomes better diplomatic relations with Egypt.

  • Women in Tech programme awards $50,000 to three Saudi female-led startups

    The leading global banking group, Standard Chartered, and the region’s leading full-fledged investment firm, Falak Investment Hub, announced the successful completion of the “Standard Chartered Women in Tech” programme by selecting eight female-led startups through an independent panel of judges. The entrepreneurs, who underwent an 8-week incubator programme, showcased innovative ideas in various sectors, including fintech, health tech, property tech, and edutainment.

  • China seeks stronger economic ties with Saudi Arabia beyond crude oil as Middle East seeks ‘ideal partner’

    “A secure supply of oil is China’s most critical interest,” said Oliver John, a non-resident scholar at the Washington-based Middle East Institute. “From Aramco’s perspective, China is a critical and growing market … taking over a quarter of Saudi crude exports.” Saudi Arabia was China’s largest crude oil supplier last year, with shipments of 87.5 million metric tonnes (641 million barrels), or 17.2 per cent of national crude imports, customs data showed.

  • Saudi Arabia’s Neom, Telfaz11 Strike Film, TV Production Partnership

    Neom, the burgeoning production hub in northwestern Saudi Arabia, and Telfaz11, a studio specializing in content from the Middle East that was behind this year’s Saudi Oscar submission Raven Song, have struck a partnership for the creation of up to nine TV and film projects over the next three years. “The collaboration between Neom and Telfaz11 will accelerate the growth of Neom’s media industries ecosystem, ensuring a rich pipeline of productions, including two feature films and one series currently in development under the new arrangement,” the partners said Thursday.

  • Swedish firm to build 2,174 apartments for Saudi’s Neom

    Modular housebuilder Scandinavian Industrialised Building System (SIBS) has won a contract to assemble 35 apartment blocks at Saudi Arabia’s huge new economic zone, Neom. The Stockholm company was awarded an engineered-equipment supply contract for 2,174 homes for people working on the planning, engineering, and construction of the 26,500-sq-km zone.

  • Saudi Arabia’s Neom Hydrogen Project Sees Output Starting Next Year

    By mid-2024, the company will be making hydrogen for vehicles such as buses and trucks, Chief Executive Officer Dave Edmondson said in an interview Dubai. A larger plant, focusing on exports, is also being developed. Neom Green Hydrogen — a venture between local firm ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc. — is part of Riyadh’s ambitious plans to expand in clean-tech industries as it prepares for a future beyond fossil fuels. Green hydrogen is still far more expensive than oil and natural gas, but developers are confident they can reduce costs enough to make it competitive.

  • Türkiye becomes part of Saudi Arabia’s Makkah Route Initiative

    The Makkah Route Initiative, which began in 2019 as part of the "Guests of God Service Program," one of many initiatives in Saudi Arabia's Vision 2030, has now reached out to include Türkiye. This initiative is being carried out in Morocco, Indonesia, Malaysia, Pakistan, Bangladesh, and Ivory Coast, as well as Türkiye, according to the Saudi Interior Ministry.

  • Saudi Arabia’s Neom Hydrogen Project Sees Output Starting Next Year

    Neom Green Hydrogen — a venture between local firm ACWA Power, state-backed Neom and US-based Air Products & Chemicals Inc. — is part of Riyadh’s ambitious plans to expand in clean-tech industries as it prepares for a future beyond fossil fuels. Green hydrogen is still far more expensive than oil and natural gas, but developers are confident they can reduce costs enough to make it competitive.

  • Saudi Arabian and U.S. Tech Startups Conduct Multi-City Tour Across the United States

    Twenty representatives from Saudi Arabia’s public and private sectors embarked on a multi-city tour to facilitate connections between the startup ecosystems of the United States and Saudi Arabia, with a specific emphasis on supporting women in the tech industry.  The tour included the SelectUSA Summit’s tech startup program in Washington, D.C., a Detroit city startup program, and a San Francisco & Silicon Valley startup program.  It was supported by the Ministry of Communications and Information Technology (MCIT), Saudi Authority for Data and Artificial Intelligence (SDAIA), and The Small and Medium Enterprises General Authority (MONSHA’AT).

  • Saudi Arabian and U.S. Tech Startups Conduct Multi-City Tour Across the United States

    Twenty representatives from Saudi Arabia’s public and private sectors embarked on a multi-city tour to facilitate connections between the startup ecosystems of the United States and Saudi Arabia, with a specific emphasis on supporting women in the tech industry.  The tour included the SelectUSA Summit’s tech startup program in Washington, D.C., a Detroit city startup program, and a San Francisco & Silicon Valley startup program.  It was supported by the Ministry of Communications and Information Technology (MCIT), Saudi Authority for Data and Artificial Intelligence (SDAIA), and The Small and Medium Enterprises General Authority (MONSHA’AT).