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  • UK Culture secretary Nadine Dorries signs arts agreement with Saudi Arabia

    The UK government has signed a memorandum of understanding with the Saudi Arabian state designed to strengthen cultural links between the two countries. Nadine Dorries, the UK Culture Secretary, participated in the signing ceremony at the Diriyah Biennale in the Jax district on the outskirts of Riyadh.

  • Saudi delivery startup BARQ secures $4m seed round

    Saudi delivery startup BARQ has secured $4 million in a seed round. The money will be used to expand the firm’s geographic footprint in the Kingdom and diversify its product offerings. The round was led by early stage venture capitalists OTF Jasoor Ventures, and Hambro Perks Oryx Fund — a Middle East and North Africa-focused investment fund according to Magnitt.

  • Saudi Arabia’s flag will be raised tomorrow as the only GCC member participating in 2022 Beijing Olympics

    Abdi will be the only Saudi Winter Olympian to go and will be competing in the alpine skiing Giant Slalom category. The Saudi skier arrived in the Chinese capital on Thursday in preparation for his historic participation on Feb. 13. Two other Saudis — skiers Salman Al-Howaish and Rakan Alireza — earned enough qualifying points to be eligible to compete in Beijing but Saudi Arabia was only allocated one place at the games.

  • Saudi AI startup Mozn raises $10 million Series A funding

    The Middle East’s leading Enterprise AI company, Mozn, has successfully raised $10 million in Series A funding. The funding round is led by Raed Ventures with participation from Shorooq Partners, VentureSouq, Sukna Ventures and other investors.

  • Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData

    Petrochemical projects continue to dominate the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for around 60% of the total projects starts expected during 2022 to 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Middle East Oil and Gas Projects Outlook to 2026 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that petrochemical projects would witness the highest projects starts in Saudi Arabia (45), followed by midstream (15), upstream (fields) and refineries with eight and seven, respectively. Of the 45 petrochemical projects expected to start operations in the country by 2026, 37 would be new builds and the remaining are expansion projects.

  • Saudi Arabia’s TRSDC plans artificial wetlands as project advances in construction

    The developer of the world's largest sustainable tourism sites, The Red Sea Development Co., is planning to create artificial wetlands to further improve the environment as the company is advancing construction work. TRSDC, as the company is known, plans to create 38 hectares of artificial wetlands which are expected to attract birds and bats to feed on the many insects and invertebrates that colonize the wetlands, Damian Smith, a senior manager in the project's environmental team told Arab News.

  • Aston Martin F1 team sign long-term deal with Saudi’s Aramco

    Aston Martin have signed a long-term partnership with Saudi Arabian oil company Aramco, the Formula One team said on Thursday, in a move it hopes will aid its ambition of fighting at the front of the grid. Aramco, already a major Formula One sponsor whose branding appears on trackside signage, will work with Aston Martin to help the team meet Formula One’s target for cars to be powered wholly by sustainable fuels by 2025 and develop more efficient hybrid engines in motorsport. The partnership will also involve the development and commercialisation of fuel-efficient engine technologies for road cars, advanced lubricants and the deployment of non-metallic materials in vehicles, the team said in a statement.

  • Saudi Arabia requires citizens to take COVID booster shot to travel abroad starting Feb. 9

    Saudi Arabia said on Thursday that citizens will be required to take the COVID-19 booster shot to be able to travel abroad starting Feb. 9, state media reported. The kingdom is also requiring visitors to present a negative PCR result before entry.

  • Israel participates in huge U.S. Mideast naval exercise alongside Saudi, Oman

    Israel is taking part in a huge U.S.-led naval exercise in the Middle East, for the first time publicly joining Saudi Arabia and Oman, two counties it has no diplomatic relations with despite its normalisation of ties with some Gulf states. The International Maritime Exercise 2022 (IMX 22) includes around 60 countries and comes amid heightened Gulf tensions after missile attacks on the United Arab Emirates by Yemen's Iran-aligned Houthi movement, including a foiled attack aimed at a base hosting U.S. forces.

  • Japan’s foreign minister praises partnership with Saudi Arabia during Prince Faisal talks

    During a telephone conversation on Tuesday with Prince Faisal bin Farhan, Minister for Foreign Affairs of Saudi Arabia, Hayashi pledged Japan’s proactive efforts to ease tensions in the Middle East. Hayashi also stated that Japan will support Saudi Arabia’s efforts to diversify its industry through both public and private sectors under the Saudi-Japan Vision 2030 framework.