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  • Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia

    U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.

  • Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia

    U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.

  • Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

    Beta Lab, a VC and co-creation studio for startups dedicated to fostering the growth of deep technology startups, is pleased to announce its official launch in Saudi Arabia with number of partners including Saudi Ministry of Investment, Future Investment Initiative Institute (FII), KBW Ventures, and a number of global partners.

  • Saudi Arabia Grand Prix 2023: Date, start time, TV channel and live stream

    The 2023 F1 season continues apace this weekend with the Saudi Arabia Grand Prix at the Jeddah Corniche circuit, with one question dominating all else. Can anybody stop Red Bull?

  • Startup Wrap: MENA startups close to raising $1bn in funding in a single month after February boom

    Startups in the Middle East and North Africa region raised $760 million across 48 deals in February 2023, twice the figure in the same period last year. The funding value last month increased by 638 percent month-on-month and the number of deals increased twofold to 48, according to Wamda’s monthly reports. Egypt startups led February’s rise, closing $422 million in funding with the vast majority of that thanks to fintech MNT-Halan raising $400 million in a single round.

  • Saudi Arabia’s FM Prince Faisal meets French counterpart in Paris

    Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan met with his French counterpart Catherine Colonna in Paris on Friday. The diplomats reviewed relations and ways to further develop ties, the Saudi Ministry of Foreign Affairs said in a statement.

  • Opinion: After the terrifying earthquakes, it’s women and girls in Turkey feeling the aftershocks

    While she was sleeping, her ex-husband allegedly poured scalding water all over her, shouting she should be grateful that he had not killed her. She remains in intensive care at a local hospital, with severe burns to her head, face and body. Hers is one of the many harrowing stories of women and girls in crisis zones.

  • Saudi Arabia records 6 percent surge in SMEs after expanding startup ecosystem

    Saudi Arabia’s quickly growing startup ecosystem is motivating small and medium enterprises in the nation, with the amount of these kind of companies jumping to 1.14 million by the end of the fourth quarter of last year. The most recent SME Monitor report issued by Saudi Arabia’s General Authority for Small and Medium Enterprises, also recognized as Monsha’at, issued that the nation saw a 6 percent quarter-on-quarter expansion in the amount of SMEs throughout the fourth quarter of 2022.

  • Saudi Arabia’s PIF Set to Start Investor Meetings for $1 Billion ADES IPO

    Saudi Arabia’s wealth fund plans to kick off investor meetings for the initial public offering of oil and gas driller ADES International Holding as soon as this month, people familiar with the matter said. The Public Investment Fund is targeting a first-half listing for ADES and is likely to soon file with the Saudi regulator, the people said, asking not to be identified as the matter is private. The PIF has picked Lazard Ltd. as a financial adviser to work on the IPO, they said.

  • AMEX Saudi Arabia signs golf tournament partnership with AmCham

    The American Chamber of Commerce Saudi Arabia signed a partnership with American Express Saudi Arabia to merge communities, spark networking and strengthen business corporations through golf during a signing ceremony at AMEX Saudi headquarters on Sunday. “I couldn’t be happier to renew this great partnership between American Express and the American Chamber. It’s a win-win situation for us and for American Express, and for the wider Saudi golf and sports community,” said Bill Foster, American Chamber of Commerce Saudi Arabia chair.