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  • Saudi Aramco VC arm invests in China’s NeuraMatrix

    China’s brain-computer interface platform, NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. The financing will allow the company to increase its research and development, speed its chip production and develop hardware and software for mass production in medical applications.

  • Dubai Economic News: Growth as Europe Struggles With Covid

    As infection rates in Europe explode and governments tighten restrictions once more, Dubai’s economy is rebounding faster than expected. Property sales are at decade highs, and streets so choked with traffic it’s hard to find an empty taxi. Postponed as Covid-19 swept the globe last year, Expo 2020, one of the world’s biggest in-person events since the pandemic, is now in full swing, attracting both Dubai residents and visitors fleeing new lockdowns that have sparked unrest in Austria, the Netherlands and other European nations.

  • The EU’s Strategic Compass: Preparing to navigate MENA “with less US”

    Alarm bells over America’s undeniable shift to Asia have finally been rung in Brussels and other European capitals. European leaders understand that the U.S. is changing its engagement with the MENA region too. They expect that Washington will stay focused on Iran and will be there if potential conflicts and precarious situations draw in large, important regional countries such as Egypt or Saudi Arabia.

  • The University of Texas at Austin Texas Global Empowering Saudi Women Through Entrepreneurship

    The University of Texas at Austin’s Global Innovation Lab (GIL) is hosting the Empowering Saudi Women Through Entrepreneurship program in partnership with the KAUST with funding awarded by the U.S. Consulate General Jeddah.

  • European Natural Gas Prices Slump With Russia Starts Delivering Supplies

    The Russian gas giant first decreased daily transit from 124 million cubic meters to just 54 million cubic meters, and has now only returned it back to 109 million cubic meters “and promote it as significant increase of supplies to EU,” Makogon said.

  • UI to help Saudi women entrepreneurs

    The university’s Institute for International Business (IIB) has received a $123,000 State Department grant through the U.S. Consulate in Jeddah, Saudi Arabia, to provide entrepreneurial education to 50 women in the western part of Saudi Arabia.

  • Saudi-Kuwaiti Neutral Zone facing technical issues, maximum output still far off

    The source said total production would likely be capped at about 400,000 b/d to 450,000 b/d in five years due to technical challenges following its 2020 restart, and 500,000 b/d would be a "great achievement" if attained.

  • Saudi Deal With Euroclear to Allow Foreigner Access to Debt

    Saudi Arabia reached an agreement with one of the world’s biggest bond clearing systems to settle transactions in its debt market. The deal between the kingdom’s Securities Depository Center Company, known as Edaa, and Brussels-based Euroclear Bank will give foreign investors access to the sukuk and bond market within the Saudi Exchange.

  • Saudi could go carbon-neutral before 2060, minister says

    "CCE first and foremost depends on the evolution of technology," the minister told the conference, describing 2060 as a "dynamic baseline". "Actually, if technology evolves even faster, we may not have to wait until 2060. It could bring it earlier." On Saturday, Saudi Arabia pledged to go carbon neutral by 2060. Two days later it announced a billion-dollar contribution to initiatives to fund the circular carbon economy and provide "clean" fuel for the world's poor.

  • Power play: Europe’s climate diplomacy in the Gulf

    For example, if the EU became an important market for green energy exports from Gulf countries, as well as their essential partner in the green transition, the bloc would gain a new form of influence – which it could use to revitalise a strategic political dialogue between the sides.