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Saudi Arabia seeks to enhance partnerships with Hong Kong and China

LONDON: Saudi Arabia is keen to strengthen its cooperation with Hong Kong and ultimately mainland China, the Kingdom’s minister of communications and IT said on Sunday. Speaking at the “One Gateway Shared Vision — Hong Kong x Saudi Arabia” event in the city, Abdullah Al-Swaha said closer collaboration would help boost the Kingdom’s Vision 2030 reform agenda, the South China Morning Post reported.
Business

Saudi Communications Minister strengthens tech partnerships with China

RIYADH: In an effort to boost Saudi-Chinese relations, the Kingdom’s minister of communications and information technology, Abdullah Al-Swaha, began an official visit to China to meet government officials and leaders, the Saudi Press Agency reported.   The minister held meetings with his Chinese counterpart as well as several other officials to enhance partnerships and attract more technological investments into the Kingdom.  
Business

Saudi stock market closes with modest gains as TASI increases by 35 points

RIYADH: On its first trading day after the Eid holidays, Saudi Arabia’s stock market saw a muted performance, with its Tadawul All Share Index rising 34.93 points — or 0.3 percent — to close at 11,493.91 points.   While MSCI Tadawul Index inched up 0.4 percent to 1,516.30 points, the parallel market Nomu fell 4.22 percent to close at 25,043.16.   The total trading turnover of the benchmark index was SR4.56 billion ($1.22 billion) as 143 of the 228 listed stocks advanced, while 60 retreated.  
Business

UAE startups secure funding for Saudi Arabia expansion

CAIRO: Digital logistics platform Transportr has successfully concluded its eight-figure seed funding round with the participation of Ittihad Ventures Holding and Industrial Capital Group.   Established in 2020, the UAE-based company acts as a multimodal digital freight marketplace, connecting shippers and carriers across various industries to facilitate efficient, transparent, and cost-effective movement of goods.  The platform addresses concerns such as freight rates, manual processes, enhanced visibility, traceability and customer service. 
sport

“Women’s Tennis Tour Considers Saudi Arabia for Potential Business”

 LONDON: Like other sports, women’s tennis is looking into the possibility of getting into business with Saudi Arabia. And while holding a tournament there is not imminent, WTA Chairman and CEO Steve Simon said Friday that he visited that country with some players in February as part of the evaluation process. “It’s a very difficult and very challenging topic that’s being, obviously, measured by many, many different groups right now,” Simon said at an event in London to mark the 50th anniversary of the meeting that led to the founding of the WTA.
Business

Saudi Arabia’s Hajj Boost for Travel and Hospitality Sectors

DUBAI: Three years after the COVID-19 pandemic forced Saudi Arabia to impose strict travel restrictions, this year’s Hajj has given a palpable boost to the regional economy, with an estimated 1.6 million Muslims from around the world converging on Islam’s holiest sites. The annual pilgrimage began on Sunday with the ritual of Tawaf Al-Qudum, when pilgrims dressed in white robes walk in a circle around the Kaaba, the stone structure at the center of Masjid Al-Haram, or the Grand Mosque, the most important mosque and holiest site in Islam.
Business

“Saudi Arabia and Slovenia Foster Trade Relations at WEF Event”

RIYADH: Trade and economic ties between Saudi Arabia and Slovenia are expected to improve following a meeting between the Kingdoms’ Minister of Economy and Planning Faisal Alibrahim and Slovenia’s Minister of Digital Transformation Emilija Stojmenova Duh.  The ministers held talks on the sidelines of the recent World Economic Forum summit in Tianjin, China. The pair discussed potential areas of cooperation between both countries and analyzed ways to address issues of common interest, according to the Saudi Press Agency.
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15 Years Covering Violent Crackdowns on Protests: Unhinged Police Overreaction | TOME

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When police attacked student protesters, a lone trash can was the only damaged property I saw around City College of New York.

The post I’ve Covered Violent Crackdowns on Protests for 15 Years. This Police Overreaction Was Unhinged. appeared first on The Intercept.

US pressures Israel on Gaza aid as truce talks continue

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Top US diplomat says efforts to deliver humanitarian aid to Gaza must be accelerated and sustained as famine looms.

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Israel and Allies Fear ICC | TOME

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International Criminal Court could end decades of impunity by indicting top Israeli security officials over war in Gaza.

French Foreign Minister’s Cairo Stop Amid Gaza Truce Talks | TOME

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TEL AVIV: France’s foreign minister will travel to Cairo on Wednesday in an unscheduled stop during a Middle East tour as efforts to secure a truce between Israel and Hamas in Gaza reach a critical point, a French diplomatic source said. Diplomatic efforts toward securing a ceasefire were intensifying following a renewed push led by Egypt to revive stalled negotiations between Israel and Hamas, Gaza’s ruling Palestinian Islamist group.

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Microsoft to invest $1.7 billion in AI and cloud infrastructure in Indonesia

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Microsoft CEO Satya Nadella says investment will help Southeast Asia's biggest economy thrive in 'new era'.

IMF to release $1.1bn loan to Pakistan after key meeting

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Pakistan seeks another long-term IMF programme to support its ailing economy but experts say focus must be on reforms.

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