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  • Oil Steady While IEA Warns That OPEC+ Spat May Tighten Market

    Oil steadied near $74 a barrel in New York while the International Energy Agency warned that deadlock in OPEC+ may cause global markets to “tighten significantly.” The Paris-based IEA said that crude traders are braced for a “deepening supply deficit” as the dispute between the United Arab Emirates and Saudi Arabia prevents OPEC+ from boosting supplies. Both countries have locked in stable crude output for next month even as demand rebounds.

  • Saudi Space Commission to launch scholarship program leading to employment

    The Saudi Space Commission has announced the launch of its first program for foreign scholarships ending with employment in the field of space. This program provides educational opportunities for Saudi students of space sciences in the most prominent 30 universities around the world, the commission said in a statement on Wednesday.

  • Covid Deaths Reach 4 Million as Vaccine Disparity Exposes Poor

    Even as rapid vaccine rollouts allow life to start to return to normal in countries like the U.K. and U.S., it’s taken just 82 days for the latest million deaths, compared to 92 days for the previous million, according to data from Johns Hopkins University. The real toll could be far higher than reported because of inconsistent calculations around the world.

  • Saudi Arabia says it supports Egypt, Sudan ‘legitimate water rights’ -SPA

    "The Kingdom calls on the international community to intensify efforts to find a clear mechanism to start negotiations between the three countries (Egypt, Sudan and Ethiopia) to get out of this crisis," SPA said.

  • Spanish movie studio Minimo to invest $250m in Saudi joint venture

    Spanish film studio Minimo VFX plans to invest $250 million in the Saudi market through a joint venture with a local company, said CEO Felix Balbas. “Our partnership with the Saudi Next Level Co. consists of opening a regional headquarters in Riyadh and localizing the film content industry, as well as training Saudis and empowering them globally,” Felix told Asharq on Thursday.

  • Cash will not be used in Saudi energy industry city SPARK, CEO says

    A new city being developed in Saudi Arabia’s Eastern Province will be cashless according to Riyad Bank CEO Tareq Al-Sahdan. King Salman Energy Park (SPARK), located between Dammam and Al-Ahsa, is being built on an area of 50 square kilometers and will include a dedicated logistics zone and dry port. SPARK announced in March that 80 percent of the project’s first phase was officially complete.

  • Qatar Airways May Stop Taking Airbus Deliveries Amid Spat

    Qatar Airways is among Airbus’s most important customers, particularly as the manufacturer considers competing with U.S. rival Boeing Co. by moving into marketing cargo carriers. It’s a position that has allowed Al Baker to put pressure on Airbus or lampoon the company in public, from threatening to cancel orders or delay deliveries to accusing Airbus of being incapable of building planes.

  • Russia and Saudi Arabia prepare for joint manned space mission -statement

    Russia is training cosmonauts from Saudi Arabia as both countries are preparing for a joint manned space mission, Russian Deputy Prime Minister Alexander Novak was quoted as saying in a government statement on Tuesday.

  • Israel Israir Flight 661 Tel Aviv to Dubai Fails to Get Saudi Airspace Permit

    A flight by an Israeli airline has failed to get a permit to travel through Saudi Arabia’s airspace and has been waiting in Tel Aviv for nearly five hours, the carrier said. Israir Airlines & Tourism Ltd.’s flight 661 was to depart at 9 a.m. local time, and it isn’t known why the permits haven’t been given, a spokeswoman for the airline said in a text message. The Foreign Ministry is dealing with the issue, she said.

  • The 5G divide in the Middle East: Further disparity between the Gulf and its neighbors

    In addition to the update of city digital infrastructure in regional hubs like Riyadh, Doha, and Dubai, the Gulf states have initiated projects to develop city-neighborhoods as high-tech hubs built on 5G technology. Examples of these ambitious projects are found throughout the GCC states on the outskirts of major city hubs and local port towns