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  • Emirates signs new soccer partnership in Saudi Arabia

    Emirates has announced its contract as the main sponsor and official airline of the King Salman Club Cup in 2023, aligning with the Kingdom’s Vision 2030. The tournament deal, starting on 27 July, provides Emirates with in-stadium brand visibility as well as on-site advertising during the King Salman Cup – the UAFA region’s premier club championship.

  • Emirates signs new soccer partnership in Saudi Arabia

    The tournament deal, starting on 27 July, provides Emirates with in-stadium brand visibility as well as on-site advertising during the King Salman Cup – the UAFA region’s premier club championship. Jabr Al-Azeeby, vice-president of Emirates airline for Saudi Arabia remarked on the new partnership: “Emirates is one of the biggest names in sports and is heavily involved in the sport of soccer, helping fans get closer to the action and engaging in ways that go far beyond logo recognition.

  • Aramco and partners make polymers from oil waste in historic milestone

    According to a press release from Aramco, the project aims to pave the way for the creation of a domestic value chain for the advanced recycling of plastics to circular polymers in Saudi Arabia. The process allows the use of non-sorted plastics, which can be difficult to recycle mechanically, which consequently contributes to solving the challenge of end-of-life plastics.

  • How MBS’s Saudi Wealth Fund Could Take US Yields Higher: Chart

    Saudi Arabia is making riskier bets with its oil wealth. The aim is to generate a higher return to offset possible declines in crude prices. The consequences? Domestically, higher risks mean potential losses for the kingdom, according to Bloomberg Economics. Globally, the re-allocation of Saudi wealth could result in higher US interest rates.

  • Saudi Arabia’s Almarai starts sale of dollar sukuk – IFR

    Saudi Arabian food and beverage company Almarai (2280.SE) is set to raise $750 million from a sale of 10-year Islamic bonds that drew over $4 billion in orders, fixed income news service IFR said on Tuesday. The sukuk launched at 145 basis points over U.S. Treasuries, IFR said, tightened from initial price guidance of around 180 bps over the same benchmark, a bank document showed earlier on Tuesday.

  • Türkiye, Saudi sign series of deals as part of Erdoğan’s visit

    Erdoğan is accompanied by members of his cabinet and other Turkish officials throughout his tour. After Saudi Arabia, Erdoğan held a one-on-one meeting with Qatari Emir Sheikh Tamim bin Hamad Al Thani, who welcomed him with an official ceremony at Lusail Palace. Subsequently, they attended bilateral meetings and an official dinner. The final leg of Erdoğan's tour will take him to the United Arab Emirates, where he is scheduled to meet with President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on July 19.

  • Wednesday is start of new Hijri year, says Saudi Supreme Court

    Saudi Arabia’s Supreme Court announced Tuesday that Wednesday July 19 would be the start of the Islamic new year 1445. The beginning of Muharram, the first month of the Islamic calendar, marks the start of the new year.

  • Wednesday is start of new Hijri year, says Saudi Supreme Court

    Saudi Arabia’s Supreme Court announced Tuesday that Wednesday July 19 would be the start of the Islamic new year 1445. The beginning of Muharram, the first month of the Islamic calendar, marks the start of the new year.

  • Saudi startups top MENA region in raising funds in H1, collects $446m 

    Saudi Arabia’s focus on encouraging entrepreneurship has paid off as startups in the Kingdom raised $446 million in the first half of 2023, the highest in the Middle East and North Africa region. According to MAGNiTT’s “H1 2023 Saudi Arabia Venture Capital Report”, Saudi startups accounted for 42 percent of the total capital deployed in the MENA region. According to the Dubai-based data analytics platform, the Kingdom ranked second in deal counts, facilitating 54 transactions against the UAE’s 60.

  • Chart: The Vital Importance of the Black Sea Grain Initiative

    As this infographic shows, the flow of cereal out of Ukraine's Black Sea ports is of vital importance. Since the beginning of the Initiative, 32.9 million tonnes of grain have been shipped out of Ukraine.