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  • Saudi Arabia gives wings to urban air mobility

    The agreement will introduce a new fleet of helicopters set to operate in the Kingdom, besides decarbonizing the flight operations of Airbus products in THC’s airplanes. THC presently operates ten H125 helicopters and, with the agreement, will further add 20 H145s and six ACH160s with options to increase the fleet further.

  • “Jeddah Central” at a Crossroads: Development in an Age of People-Centered Urbanism

    Still in its early stages, Jeddah Central can build on lessons from other urban renewal projects to focus on inclusive urban development to benefit all people rather than simply a select few.

  • World Bank approves $150 million food security loan for Lebanon

    The program, known as the Lebanon Wheat Supply Emergency Response Project, still needs approval by the country's cabinet and parliament, said Amin Salam. A World Bank spokesperson said the loan aimed to "finance immediate wheat imports to avoid the disruption in supply over the short term and help secure affordable bread for poor and vulnerable households including... refugees in Lebanon."

  • OPEC Stays Silent As EU Rushes To Ban Russian Oil

    The EU wants to give itself six months to find alternative suppliers of crude oil before halting the intake of Russian barrels. That these are also six months Russia can use to redirect more of its oil east is not something Brussels likes to talk about, but that’s beside the point. Without OPEC on its side, the EU might have to give its citizens the bad news that petrol, diesel and everything that gets transported with internal combustion engine vehicles is going to remain expensive for longer than one might have hoped.

  • US ‘strongly oppose’ expansion of Israeli settlements in West Bank

    The United States on Friday “strongly” opposed Israel’s plans to build new settlements in occupied Palestinian territories after Israeli officials said they would approve 4,000 new housing units in the West Bank. The State Department’s deputy spokesperson, Jalina Porter, said that the US was aware of Israel’s decision to advance new West Bank settlements to May 12.

  • Seeking change, more than 100,000 Lebanese cast ballots for May 15 election

    Australia is among those countries with the highest number of Diaspora voters, alongside Canada, the United States, Germany, the United Arab Emirates. France has the most at around 28,000 eligible voters.

  • Saudi central bank raises interest rates in line with US Fed’s decision

    “In line with the Saudi Central Bank’s objective of maintaining monetary and financial stability, the Saudi Central Bank has decided to raise the Repurchase Agreement rate by 0.5 percent to 1.75 percent from a previous 1.25 percent, and the Reverse Repurchase Agreement rate by 0.5 percent to 1.25 percent from a previous 0.75 percent,” it said in a statement.

  • Saudi central bank raises interest rates in line with US Fed’s decision

    “In line with the Saudi Central Bank’s objective of maintaining monetary and financial stability, the Saudi Central Bank has decided to raise the Repurchase Agreement rate by 0.5 percent to 1.75 percent from a previous 1.25 percent, and the Reverse Repurchase Agreement rate by 0.5 percent to 1.25 percent from a previous 0.75 percent,” it said in a statement.

  • EU proposes Russian oil ban to make Putin ‘pay high price’ for Ukraine

    Reluctance to deliver sanctions that will hurt EU economies as well as Moscow faded in recent weeks as Russia's invasion of Ukraine brought horrific images of slaughter in towns and concern about a renewed offensive in the east of the country. Reflecting widespread anger in the West at Russian President Vladimir Putin's campaign - which Moscow says is a "special military operation" to defeat dangerous nationalists - the head of the EU executive said Moscow must face consequences.

  • Saudi Arabia bans lorries older than 20 years from operating in the kingdom

    Saudi Arabia will bar lorries more than 20 years old from operating in the kingdom. Companies running the vehicles made in or before 2001 will have three years to comply with the new rules. They will have to replace at least 10 older lorries with newer ones or a minimum of two lorries annually, the Saudi Press Agency said on Sunday. The regulations are aimed at improving road safety levels, the Public Transport Authority said.