#SAUDIARABIA News, Headlines and Posts

Saudi Arabia's Massive Futuristic Vanity Projects Falter Amid Gaza War

zerohedge.com Saudi Arabia's Massive Futuristic Vanity Projects Falter Amid Gaza War Authored by Giorgio Cafiero via The Cradle Launched in 2017, Saudi Arabia’s NEOM, a sprawling…

PGA vs. LIV: How pro golf’s civil war got started & where it’s headed

thestreet.com Think about golf, and you picture sun-soaked fairways, perfectly manicured greens, and commentators providing play-by-plays in hushed, nearly reverent tones — hardly a place…

Will war snuff out the Gulf’s global business ambitions?

economist.com It was supposed to be the new Middle East: a quieter, neutral entrepot where Arabs and Jews, Shia Iranians and Sunni Arabs, Americans, Chinese and even Russians could all…

NIO Stock Alert: Nio Signs New Battery Partnership With Lotus

investorplace.com Geely will use Nio's battery swap technology in its high-end Lotus EVs Nio (NYSE: ) announced a battery swapping and charging agreement with Lotus (NASDAQ: ), which Chinese…

The US is under pressure to lead the way in reducing plastic pollution

aol.com None World leaders are in Ottawa negotiating a treaty to end plastic pollution. • None The US, a major plastic exporter, says its a dealmaker but is under pressure to be…

‘Goodbye Julia’ Leads Critics Awards for Arab Films Nominations Ahead of Cannes Ceremony

variety.com Sudanese director Mohamed Kordofani’s “Goodbye Julia,” a timely morality tale that takes place just before the 2011 secession of South Sudan, leads the way in nominations…

China’s Sinopec charts global expansion as it looks to build its first fully-controlled overseas refinery

theglobeandmail.com Chinese state energy giant Sinopec is pushing for greater access to Sri Lanka’s market, where rival India is also seeking to expand its presence, as it looks to build its…

The UAE is using a wealth fund to gain diplomatic sway

economist.com Sovereign wealth funds seldom worry about foreign policy. Those that invest abroad typically do so in order to ensure stable returns or diversify holdings, meaning they tend…

Russia to Double Its Oil & Gas Revenue, Pocket $14 Billion in April

watcher.guru Russia’s oil and gas revenue could double this month pocketing a staggering $14 billion in April 2024 alone. The surge in profits comes despite the US pressing economic…

China’s sovereign fund launches US$1 billion Middle East fund with Investcorp

scmp.com Qi Bin, executive vice-president and deputy chief investment officer with CIC, said that the partnership will strengthen economic relationships between China and the GCC…

Popular Iranian Rapper Sentenced To Death For Supporting 'Anti-Hijab Protests'

zerohedge.com Popular Iranian Rapper Sentenced To Death For Supporting 'Anti-Hijab Protests' A 33-year old Iranian activist and rapper who has recently been involved in anti-government…

Cleveland Browns QB Deshaun Watson Endorses NFL Expansion to Saudi Arabia in a Tweet Critics Argue He Was Obviously Paid to Post

mediaite.com Terrance Williams/AP Cleveland Browns quarterback Deshaun Watson called for the NFL to bring games to Saudi Arabia in a tweet that many believe he was paid to post. In the…

3Point0 Labs Signs Hisham Fageeh’s Saudi-American Firm DH’BAB Productions

deadline.com LA’s 3Point0 Labs has continued its signing spree by adding Saudi-American producer DH’BAB Productions to its ranks. DH’BAB is led by Saudi Arabian actor and producer Hishan…

Ottawa climate talks: can global plastic problem be solved?

theweek.com Representatives from around the world will meet in Ottawa this week to continue drafting the first global treaty aimed at halting soaring plastic pollution. Thousands of…

UK ‘helping Russia pay for its war on Ukraine’ via loophole on refined oil imports

theguardian.com The UK has been accused of “helping Russia pay for its war on Ukraine” by continuing to import record amounts of refined oil from countries processing Kremlin fossil fuels.…

Talks for the first global plastics treaty underway in Ottawa

semafor.com Semafor Signals Supported by Insights from Eco Business, Bloomberg, Reuters The News Thousands of negotiators representing more than 170 nations, researchers, civil society…

Global Military Spending Hits All-Time High Of $2.4 Trillion

zerohedge.com Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the…

Energy Companies Eye Stakes in UAE's New Ruwais LNG Export Project

tftc.io Leading international oil and gas players, including Shell Plc (Shell) and TotalEnergies SE (TotalEnergies), have entered discussions to acquire interests in the United Arab…

Have McKinsey and its consulting rivals got too big?

economist.com AN ANONYMOUS MEMO briefly circled the web in March. The authors, who claimed to be former partners at McKinsey, rebuked the illustrious strategy consultancy for its pursuit…

Luxury hotels are having a glorious moment

economist.com IN DONCASTER, A town in northern England, $100,000 will buy you a four-bedroom house. In Dubai, it will get you a four-bedroom penthouse—for a night. The Royal Mansion, the…

Is Saudi Aramco cooling on crude oil?

economist.com HAS SAUDI ARABIA stopped believing in a future for petroleum? In recent weeks the question has hung over Saudi Aramco. The desert kingdom’s national oil goliath has a…

Saudi Arabia wants to be the Saudi Arabia of minerals

economist.com IN WA’AD AL-SHAMAL, 1,200km north of Riyadh, the Saudi capital, phosphate is extracted and bathed in chemicals to turn it into an acid. From there it is shipped 1,500km east…

As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub

aol.com Moroccan officials are aiming to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and…

Festival In Focus: Saudi Film Festival Director Ahmed Almulla Talks Underground Beginnings & Cinema Dreams As Event Marks 10th Anniversary

deadline.com Just over six years have passed since Saudi Arabia announced the lifting of its 35-year cinema ban as part of a strategy to open up the country and move its economy away…

De-Dollarization Main Agenda of BRICS 2024 Summit

watcher.guru A recent statement made by a diplomat indicates that the BRICS 2024 summit will focus mainly on the de-dollarization agenda. The BRICS 2024 summit is scheduled to be held in…

‘Siwar’ Director Osama Alkhurayji on Juxtaposing Saudi and Turkish Cultures Within the Alula-Shot Drama

variety.com Saudi director and producer Osama Alkhurayji’s debut feature film “Siwar” recently wrapped principal photography in AlUla, the swathe of northwest Saudi Arabia comprising…

Boston Triathlon to Add New Global Professional Race

benzinga.com The world's fastest athletes will tackle Boston three weeks after the Summer Olympics BOSTON, April 23, 2024 /PRNewswire/ -- ethos, a mass participation event organization…

Saudi Arabia’s Oil Tycoon Applauds China for Making Green Tech Cheaper

dailybusinessupdates.com Aramco’s head honcho, Amin Nasser, is all in on China for bringing down the price tag on solar panels and electric vehicles. While the West is pointing fingers at China for…

Bitwise CIO Shares 3 Key Takeaways from IMF Bitcoin Payments Report

coinspeaker.com Coinspeaker Bitwise CIO Shares 3 Key Takeaways from IMF Bitcoin Payments Report Bitwise CIO Matt Hougan has an opinion on the Bitcoin (BTC) payments report that was…

2 Stocks to Benefit From New Sanctions on Russian Aluminum

marketbeat.com On April 12, 2024, the United States Department of the Treasury and the United Kingdom issued two new prohibitions on Russian-origin metals. The new measures prohibit the…

Saudi Arabia is becoming a hot spot for global technology manufacturing with sustainable practices in mind. Here's how

businessinsider.com Alat Saudi Arabia's ambitious Vision 2030 transformation has already brought significant change and growth to the nation's economy and society, with technology, tourism, and…

Talks for a plastic pollution treaty are stalling. Could the U.S. be doing more?

npr.org Talks for a plastic pollution treaty are stalling. Could the U.S. be doing more? Negotiators from about 175 countries have been sparring for more than a year over a treaty…

Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

aol.com None The West has recently stepped up criticism over China's dumping of cheap green products on the global markets. • None Saudi Arabia is fostering closer ties with China…

Crypto Interest Rises in Middle Eastern Markets With 500K Daily Traders

coingape.com Crypto markets and investments are becoming more and more popular in the Middle East. According to research by Bitget, currently, there are about 500,000 daily…

Crypto Adoption Surges 166% In Middle East As UAE Leads: Bitget

cryptonews.com Crypto adoption is heating up in the Middle East, with the average daily number of crypto traders in the area surpassing 500,000 in February 2024, according to Bitget…

Saudi Arabia clashes with West over Chinese green tech

semafor.com Semafor Signals Supported by Insights from Bloomberg, Center for Strategic and International Studies, and The Wall Street Journal. The News The head of Saudi Arabia’s state…

Critical Metals Appoints Tony Sage as Chief Executive Officer

benzinga.com Dietrich Wanke named President of European Operations to operationalize the Wolfsberg Lithium Project, a cornerstone asset for Europe's electric vehicle industry Joint…

Empire Newsletter: Bitcoin wasn’t a hedge

blockworks.co Where to, digital gold? Halving week is off to a tumultuous start. Cryptocurrencies whipsawed over the weekend on growing geopolitical concerns after Iran’s Saturday drone…

Is a Commodities Super Cycle on the Way?

benzinga.com Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities. McAlinden Research…

Embracer Reveals What's Next For Its Crumbling Gaming Empire

kotaku.com After a year of carnage following its unprecedented studio acquisition spree, Embracer Group going back to basics and doing what it does best: confusingly re-naming and…

Saudi Arabia is desperately trying to woo bankers to pay for its futuristic desert city

aol.com None Neom is hosting hundreds of prospective investors for on-the-ground tours, Bloomberg reports. • None Neom developers also recently met with financiers in China. • None…

BlackRock Advisor Joins Real World Interactions (RWIs) Protocol Post $1.5 Million Funding

beincrypto.com Paul Taylor, a venture partner at BlackRock, has joined the advisory board of PairedWorld. This move coincides with PairedWorld’s successful closure of a $1.5 million…

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited

aol.com None Saudi Arabia just took its Neom roadshow to China. • None Neom officials visited Beijing, Shanghai, and Hong Kong in an attempt to court Chinese investors. • None No…

Tesla prices, Big tech earnings, Bitcoin

investing.com Investing.com -- Tesla has cut its prices across the globe as it struggles with falling sales amid fierce competition, while Bitcoin edged higher after its…

Some Trump chats with foreign leaders annoy Biden's team

axios.com Former President Trump's meetings with foreign heads of state have begun ruffling feathers in the diplomatic community — and the Biden administration. Why it matters: One…

Myth-busting marginalisation: Middle East Biennale pavilions challenge entrenched views of women

euronews.com Saudi Arabia and Lebanon's installations at the Venice Biennale seek to redress the balance by questioning masculine views and Western myths surrounding the portrayal of…

Report: US Looks to Forge AI Partnerships With UAE

pymnts.com The White House reportedly wants U.S. artificial intelligence (AI) companies to form partnerships in the United Arab Emirates (UAE). By launching operations in the UAE, the…

Top 5 things to watch in markets in the week ahead

investing.com Investing.com -- Earnings from the big tech names and another round of inflation data are due in the coming week, as a rally in U.S. stocks appears to be running out of…

China Imports of Russian Oil Rise to Near-Record Levels

asiafinancial.com Russia was again China’s main source of oil last month, with deliveries nearing a monthly record after seven Russian tankers under sanctions offloaded Sokol cargoes in…

Woman adopts 8-year-old rescue cat, discovers he has a tattoo: "Help"

newsweek.com A woman who adopted a cat with an unusual difference has shared her discovery on social media. Sarah, who lives in Saudi Arabia, recently adopted 8-year-old Caramelo from a…

MSNBC Host: Saudis, Russia Conspiring On High Gas Prices To Hurt Biden, Help ‘Their Bestie Bestie Best’ Trump Win Election

mediaite.com MSNBC host Stephanie Ruhle and her guests agreed that President Joe Biden is blameless on high gas prices that have plagued his administration and are rising again, instead…