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  • EV Charts: US Primary Energy Consumption

    US primary energy consumption has been rangebound since 2004, even as population and economy have grown. Fossil fuel primary energy peaked in 2004; coal and oil both peaked in 2005 while gas use expanded markedly. That means all growth has been non-fossil, and most of that growth from wind and solar power.

  • The $100 Trillion Global Economy in One Chart

    We’ve covered this topic in the past when the world’s GDP was $88 trillion (2020) and then $94 trillion (2021), and now according to the latest projections, the IMF expects the global economy to reach nearly $104 trillion in nominal value by the end of 2022.

  • US to extend visa validity for Saudis to 10 years starting Aug. 1

    The US will extend visa validity for Saudi citizens from five to 10 years starting Monday, Aug. 1. “The people of the US and Saudi Arabia have a long and proud history of communication and exchange, both socially and commercially. Extending the term of the US visa for Saudi nationals is one of the most tangible ways to deepen people-to-people ties and increase mutual understanding between our two countries,” the US Embassy tweeted. Top US diplomats in the Kingdom believe it will deepen ties between the two countries.

  • UN: Yemen’s warring parties extend truce for two months

    Yemen's warring parties agreed to extend a four-month long truce just hours before it was due to expire, the UN envoy announced Tuesday, vowing to "intensify" efforts to secure lasting peace. The two-month extension will run from 2 August to 2 October, and "includes a commitment from the parties to intensify negotiations to reach an expanded truce agreement as soon as possible", the United Nations special envoy on Yemen, Hans Grundberg, said in a statement.

  • Saudi government selects IBM as partner for digital skills building

    Special note is given to the role of four academies to enhance digital skills – namely, Saudi Digital Academy, Misk Academy, Tuwaiq Academy, and National Information Technology Academy. The initiatives have helped reach more than 15 million beneficiaries, with more than 70,000 young people benefiting from initiatives to enhance their digital skills, along with more than 31,000 trainees and trainees in the Future Skills initiative.

  • Investment in MENA start-up Homzmart rises to $40 mln after latest round

    Furniture and home goods e-commerce platform Homzmart has closed one of the past year's biggest funding rounds for a Middle Eastern and North Africa start-up, raising $23 million, its chief executive said. The company, launched in 2020, will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains, co-founder and CEO Mahmoud Ibrahim said in an interview with Reuters.

  • The Arabian Jambiya – Art with a Cutting Edge

    The Arabic word for ‘dagger’ is khanjar. The term jambiya applies only to the heavily curved daggers of the Gulf. All true jambiyas have extremely thin blades with a central rib giving strength to the blade. Some older ones have two or even three of these central ribs. The blade, although curved, is not as heavily curved (or as long) as the leather-covered wooden sheath. The handles are usually of wood, bone or resin and heavily decorated with silver wire, coins and gold or silver inlays.

  • Iran to start accepting Russian Mir payment cards soon -official

    Iran will soon start accepting payments made with Russia's Mir bank cards, a top official was quoted by Russia's RIA news agency as saying, making it the latest country to adopt the Russian-made alternative to Visa and Mastercard

  • From US Partner To Pariah And Back: Saudi Prince Salman’s Journey

    Four years later he is being rehabilitated, with Greece and France welcoming him this week on his first visit to the West since the Khashoggi affair, less than two weeks after he received a reconciliatory visit -- and fist bump -- from US President Joe Biden.

  • Energy Department backs $2.5bn loan to GM venture for EV batteries

    A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department said it has made a conditional commitment to lend the money to Ultium Cells, a joint venture of GM and LG. The loan could help Ultium finance three lithium-ion battery plants planned in Michigan, Ohio and Tennessee, bolstering the Biden administration’s efforts to promote electric vehicles and reduce dependence on China for critical components.