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  • Saudi SAL partners with Space Age for drone-based shipments

    Drones will be utilized to enhance transportation and shipment efficiency in Saudi Arabia, thanks to a new agreement signed by the Kingdom’s SAL Saudi Logistics Services Co. The logistics and supply chain solutions provider signed a memorandum of understanding with the Saudi-based technology firm Space Age on the second day of the World Defense Show 2024. The agreement aims to provide the technical solutions and infrastructure necessary to transfer and localize the drone industry, as stated by SAL in a post on X.

  • Israeli airlines suspends use of Saudi Arabia, Oman airspace for South Asian flights

    Israel's national airline, El Al Israel Airlines, has opted to avoid using the airspace of Saudi Arabia and Oman for its South Asian flights due to "security concerns," Israeli media reported on Monday. The decision has resulted in an extension of the flight duration from Tel Aviv to Bangkok, the capital of Thailand, now taking 11.5 hours instead of the previous 8.5 hours. In February, the Israeli administration announced the opening of Oman's airspace to Israeli airlines, following a similar move by Saudi Arabia.

  • Saudi Arabia to Use More Fiscal Space to Support Strong Growth

    The government estimates that 2023 spending will be up by 32% yoy, 13% above budgeted levels. Spending will be broadly flat in 2024, before trending higher again in 2025-2026. These numbers are well in excess of previous medium-term projections in the 2023 budget that envisioned annual surpluses – 2025 spending will be 15% higher than previously planned.

  • Saudi Arabia to Use More Fiscal Space to Support Strong Growth

    The government estimates that 2023 spending will be up by 32% yoy, 13% above budgeted levels. Spending will be broadly flat in 2024, before trending higher again in 2025-2026. These numbers are well in excess of previous medium-term projections in the 2023 budget that envisioned annual surpluses – 2025 spending will be 15% higher than previously planned.

  • China Eyes Partnership With Gulf Countries For Space Exploration

    Developing the space sector and engaging in ambitious exploration plans requires massive upfront capital expenditure for projects that may not pay off for several years. These are investment time horizons with which Gulf countries not only have significant experience from oil and gas, but also match their long-term strategies to diversify their economies. The expansion of space activities is accelerating across the region thanks to advances in the technologies that constitute the Fourth Industrial Revolution (4IR) – blockchain, artificial intelligence, 3D printing, materials science, nanotechnology and biotechnology – that have decreased satellite launch costs and increased the capabilities of smaller satellites.

  • Axiom Space raises $350 mln in round led by Saudi, Korean investors

    Axiom Space has raised $350 million in a funding round led by Saudi Arabia's Aljazira Capital and Korean healthcare firm Boryung as the startup works with NASA to develop a private space station. The company declined to disclose its valuation on Monday. Axiom said the round took its total raise so far to $505 million and made it the space startup to receive the second-most funding in 2023, only behind Elon Musk's SpaceX.

  • Dutch F-16s Deployed as Russian Jets Flew Toward NATO Airspace

    The Netherlands and Denmark deployed F-16 fighter jets Monday as two Russian bombers approached NATO airspace over the North Sea. The Russian planes turned back after being identified and never left international airspace. The two Dutch F-16 jets took off and were prepared to guard the Netherlands’ area of responsibility following an alert at 7:19 a.m. local time, according to a statement from the government. “This doesn’t happen often, but today’s incident demonstrates the importance of rapid deployment,” according to the statement.

  • ‘It’s a new era for Arab space exploration,’ Emirati astronaut Sultan AlNeyadi tells Arab News

    Manned missions launched by the UAE and Saudi Arabia signal “a new era in Arab space exploration,” Emirati astronaut Sultan AlNeyadi has told Arab News from the International Space Station. As the first Arab astronaut deployed on a long-term space mission, having arrived on the ISS in March alongside three Americans and three Russians, and the first Arab to perform a spacewalk, AlNeyadi is blazing a trail for the Arab world’s budding space industry.

  • Saudi Space Agency meets Airbus to discuss collaboration opportunities

    In a bid to enhance future cooperation, the Saudi Space Agency Vice Chairman Mohammed Saud Al-Tamimi and Airbus’ head of Aerospace Jean-Marc Nasr met on Tuesday to discuss ways to collaborate, reported the Saudi Press Agency. The meeting, which took place on the sidelines of the 54th edition of the Paris Air Show, addressed potential ways to develop the space sector and invest in upcoming joint projects. Al-Tamimi and Nasr aim to realize shared objectives in the economic and strategic fields related to space and its technologies. Two Saudi astronauts, Ali Al-Qarni and Rayana Barnawi, recently completed a mission to the International Space Station, marking the country’s rapid advancement in this field. Barnawi was the first Arab and Muslim female astronaut to orbit Earth.

  • Saudi Arabia boosts space education after success of ISS mission

    Saudi Arabia has launched a scholarship programme that will help more students pursue higher education in space-related fields. The new study bursary comes after the kingdom launched Rayyanah Barnawi and Ali Al Qarni on an eight-day science mission to the International Space Station on May 22. To build a long-term space programme, Saudi Arabia is now encouraging more young people to pursue space careers and become space scientists, engineers and astronauts.