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  • Russia’s halt of natural gas flows to Europe puts the continent in a new era of uncertainty

    Analysts believe Russia wants to inflict economic and financial pain this winter as a means of eroding Europe's solidarity and support for Ukraine, which has been crucial to the country's repulsion of the Russian invasion.

  • Playing a Strong Hand in an Energy Crisis: The Role of the Gulf States in Boosting European Energy Security

    In May 2022, the European Union (EU) and the Gulf Cooperation Council (GCC) unveiled a strategic partnership as part of the EU’s Global Gateway strategy. While the EU and the GCC have long-standing ties, the new strategic partnership reflects a desire to address emerging challenges, especially the European energy crisis triggered by Russia-Ukraine conflict. The energy crisis has deepened in recent months, as Russia cut flows in June through the Nord Stream 1 pipeline to 40 percent of capacity and shut the pipeline altogether for ten days of annual maintenance in July.

  • AlUla inks agreement with Louvre Museum to show Saudi Arabia’s cultural legacy

    The Royal Commission of AlUla Governorate (RCU) has announced the signing of a five-year-agreement with the Louvre Museum in Paris, which includes the display of a sculpture dating back to the Lihyanite period. According to the agreement, the Louvre will show the historical and cultural legacy of Saudi Arabia and AlUla, the official Saudi Press Agency (SPA) reported Wednesday.

  • To fix its broken power market, Europe has to break it more

    August was the most expensive month on record for electricity in Europe, according to the intelligence firm Rystad Energy. On Aug. 29, electricity futures in Germany (the European benchmark) jumped above €1,000 ($998) per megawatt-hour, more than ten times the normal rate during the last decade.

  • Food Security: Europe forced to turn to OCP to meet its fertilizers needs

    One of the few viable alternatives to Russian fertilizer is Morocco, which already accounts for 40% of Europe’s imports of phosphate, said Jacob Hansen, Director General of Fertilizers Europe. Hansen made the remarks to European press as the global battle for fertilizer, a vital commodity for food production, has emerged as one of the by-products of the Russia/Ukraine conflict, leaving states in Europe and elsewhere scrambling for alternative suppliers.

  • Russia deepens Europe’s energy squeeze with new gas halt

    Further restrictions to European gas supplies would deepen an energy crunch that has already triggered a 400% surge in wholesale gas prices since last August, squeezing consumers and businesses and forcing governments to spend billions to ease the burden.

  • Does Europe’s bumpy road to energy security Lead to the MENA?

    Since the outbreak of the war, the region has become a natural destination for Europe in its growing quest for non-Russian energy resources, with leaders of the EU's economic powers (Germany, France, Italy) repeatedly visiting producers such as Algeria, Saudi Arabia, the UAE and Qatar. In addition to energy cooperation, this search for diversification offers a valuable tool for enhancing bilateral partnerships and expanding EU-MENA relations in the long term.

  • Does Europe’s bumpy road to energy security Lead to the MENA?

    Since the outbreak of the war, the region has become a natural destination for Europe in its growing quest for non-Russian energy resources, with leaders of the EU's economic powers (Germany, France, Italy) repeatedly visiting producers such as Algeria, Saudi Arabia, the UAE and Qatar. In addition to energy cooperation, this search for diversification offers a valuable tool for enhancing bilateral partnerships and expanding EU-MENA relations in the long term.

  • Falling waters of Euphrates, Tigris rivers reveal submerged archaeological sites

    The drop of the water levels in recent years has uncovered many archaeological and ancient sites that were submerged beneath the two historic rivers in Syria, Iraq and Turkey.

  • Europe’s Wizz Air considering a Saudi operating license

    European budget carrier Wizz Air (WIZZ.L) is considering basing an airline in Saudi Arabia as part an agreement signed with the government this year to develop the kingdom's aviation sector, its chief executive said in an interview on Thursday. Wizz Air, which said in May it would explore opportunities in Saudi Arabia, announced on Thursday it was launching direct flights to Riyadh, Jeddah and Dammam from 11 European cities starting early next year, including from Rome, Milan and Vienna. "The scope of ... exploring opportunities in the country may go beyond being an inbound carrier and may also involve making direct investments," CEO Jozsef Varadi told Reuters from Riyadh.