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  • Meta opens Middle East headquarters in Dubai

    US-based Meta, formerly Facebook, has opened its regional headquarters serving the Middle East and North Africa region in Dubai Internet City. Dubai Crown Prince Hamdan bin Mohammed bin Rashid al-Maktoum opened the firm’s new regional headquarters, which will accommodate up to 100 employees.

  • Lockheed Martin to invest $1 billion in manufacturing in Saudi Arabia

    Piselli said Lockheed Martin had big contracts with Saudi Arabia. In addition to collaborating on building parts, it wants to include the kingdom in global supply chains and create an export market. Revenues from Gulf Arab countries reached $4 billion in 2020, he said, without giving a more recent figure.

  • Uber reveals female participation in KSA’s labor force crossed 36% in 2021

    Uber has announced today the results of a recently-commissioned study to measure the 4-year impact of the “Wusool” program, an enhanced mobility partnership that was co-launched with Saudi Human Resources Development Fund (HRDF) in Saudi Arabia in 2017 to make transport more accessible to women going to work. The program proved to be highly successful in empowering working Saudi women.

  • U.S. Power and Influence in the Middle East: Part One

    Even before the United States had entered World War I, the United Kingdom and France had secretly agreed to divvy up the Middle East between themselves. With isolationist sentiments rising domestically after the war, the United States didn’t push back. As a result, the United Kingdom and France dominated the region for two decades, and when they began to leave after World War II, the United States replaced them, rarely enthusiastically, and often reluctantly. But as the United States plunged into the Cold War, the Middle East was too important to abandon.

  • New UAE-India Economic Deal Opens the Door for Minilateral Partnership With Israel

    CEPA is India’s first bilateral trade agreement in the Middle East and North Africa. It was formalized in a short period – official talks started only in September 2021. The agreement is broad, covering 11 service sectors and over a hundred subsectors, from trade and innovation to aviation and tourism. But what sets CEPA apart is that it is expected to be implemented quickly, by May.

  • Saudi Arabian Grand Prix introduces modifications to Jeddah Corniche Circuit, shifts race start time forward

    The venue, which made its début last December, will have Turns 2, 3, 14 and 21 altered by bringing the barriers back between one to two metres. These changes are expected to improve visibility for drivers, as blind corners proved to be a flaw of the circuit in 2021. The track limits of these turns will remain as they were. The track limits of turn 27 will be widened, with the right-side barrier being pushed back by 1.5 metres. On Turns 4, 16, 22 and 24 steel plates will be installed to give drivers a smoother barrier to skim past, a change made as a result of driver feedback.

  • Raytheon to move Patriot missile parts production to Saudi Arabia

    Raytheon Technologies Corp RTX.N plans to move Patriot missile parts production to Saudi Arabia, Asharq Business news website reported on Monday, citing Thomas Laliberty, the vice president of Land Warfare & Air Defense at Raytheon Missiles & Defense.

  • Lockheed Missile-Defense System Parts Will Be Made in Saudi Arabia

    Components for Lockheed Martin Corp.’s Thaad missile-defense system sold to Saudi Arabia will be built locally to develop the kingdom’s defense industry. Under the agreement, interceptor launchers and canisters for the so-called Terminal High Altitude Area Defense batteries will be manufactured in Saudi Arabia, the kingdom’s military industry regulator and the U.S. defense group said in a joint statement. They didn’t give an exact time frame for production.

  • Saudi Tadawul Exchange to Allow Single-Stock Futures From Next Quarter

    Saudi Arabia will start futures trading on single stocks in the second quarter of this year, the head of the Tadawul stock exchange said, as the Middle East’s largest bourse moves to boost liquidity. The Tadawul will initially select about 10 liquid companies for futures trading, Chief Executive Officer Khalid Al-Hussan said in an interview with Bloomberg TV on Monday.

  • Saudi Arabia opens Hajj to foreign participation after two-year hiatus

    After two years of restriction, Saudi Arabia has confirmed the participation of foreign pilgrims from around the world in this year’s hajj rituals. Saudi Ministry of Hajj and Umrah Sunday disclosed that a revised quota of pilgrims for hajj 2022 will soon be released to each participating country.