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Allies of Kyiv pledge to hold Russia accountable for invading Ukraine.

LONDON: Western allies on Wednesday promised to make Russia pay for invading Ukraine as governments and private investors met to fund the country’s reconstruction from the ravages of war. The World Bank has put an estimate of $14 billion on Ukraine’s immediate needs to repair the damage caused by the bitter fighting. But a recent study by the World Bank, the UN, the European Union and the Ukrainian government said the wider recovery of the economy would cost $411 billion.
Business

AI and Construction to Dominate Future Jobs in Saudi Arabia, According to PMI Official

RIYADH: Saudi Arabia, a country which has been dependent on its rich oil reserves for several decades, is now on a path of economic diversification. With Vision 2030, Saudi Arabia’s Crown Prince Mohammed bin Salman is proving that the Kingdom could perform well in non-oil private sectors too.   As Saudi Arabia’s private sector expands rapidly, the Kingdom is expected to provide more job opportunities to nationals and foreign talents alike in the coming years. 
Business

Latvia prioritizes Saudi Arabia as a key market, confirms minister for economics

RIYADH: Latvia is eager to strengthen trade ties with Saudi Arabia, allowing Latvian companies to contribute to the Kingdom’s Vision 2030 social reform and economic diversification agenda, Ilze Indriksone, Latvia’s minister for economics, has told Arab News. Speaking after the conclusion of the Saudi-Latvian Business Forum in Riyadh earlier this month, Indriksone emphasized the need to expand economic cooperation, boost bilateral trade, and increase investment in research, development and technology. 
National Security

“Pentagon’s Secret Service Monitors Social Media for Negative Tweets About Generals”

An unredacted document shows the Protective Services Battalion uses sophisticated surveillance tools that can pinpoint anyone’s location.

The post Pentagon’s Secret Service Trawls Social Media for Mean Tweets About Generals appeared first on The Intercept.

Business

Russian-UAE Economic Cooperation Praised at SPIEF

ST. PETERSBURG: Russian firms are keen to develop further ties with the UAE, the country’s deputy prime minister has insisted in a speech lauding economic links between the two nations. Speaking at the St. Petersburg International Economic Forum, Denis Manturov — also Russia’s industry and trade minister — noted the special nature of Russian-Emirati relations, which includes strong ties of friendship and a rich history of cooperation based on the principles of mutual respect and trust.
Business

Saudi start-up wins Visa award for digital finance

RIYADH: A Riyadh start-up has won top prize in a Visa-sponsored competition that seeks to improve digital shopping. Amwal Tech, which was set up last year, came top in the Saudi heat of the Visa Everywhere Initiative, taking a SR150,000 ($40,000) prize for its all-in-one encrypted transaction and identity app that processes payments quickly and safely. Lamaa, a Saudi financial tech firm, was runner-up with prize money of SR100,000, and also won a separate “social impact award” with a SR50,000 prize. Monak, a “digital lifestyle” company, came third and won SR50,000.
Business

UK Low-Carbon Startup Receives $22.7M Investment from Aramco, Eni, and United Airlines

RIYADH: The aviation industry’s efforts to develop low-carbon fuel at affordable cost received a boost after a deal was struck to invest $22.7 million into a UK startup working in clean energy technology.  The venture units of oil firms Saudi Arabian Oil Co. and Italy’s Eni have partnered with United Airlines to invest the amount into OXCCU, a company spun out from the University of Oxford.
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Hezbollah’s New Weapons in Israel Attacks

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BEIRUT: Lebanon’s powerful armed group Hezbollah announced on Thursday it had used a drone capable of firing rockets at a military position in one of its latest attacks in northern Israel. Israel and Hezbollah have been involved in near-daily exchanges of fire since the war between Israel and Hamas broke out on October 7. Hezbollah announced it had used an “armed attack drone” equipped with two S-5 rockets on a military position in Metula in northern Israel.

Medical Workers Evacuated from Gaza, 3 Americans Refuse to Leave

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Remaining health care workers won’t go until Israel stops blocking entry of new medical personnel.

The post Medical Workers Evacuated From Gaza, but 3 Americans Refuse to Leave appeared first on The Intercept.

Popular

California farmworkers celebrate new housing in town affected by mass shooting

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California's high cost of living has pushed many agricultural labourers into cramped and unserviced housing.

Medical Workers Evacuated from Gaza, 3 Americans Refuse to Leave

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Remaining health care workers won’t go until Israel stops blocking entry of new medical personnel.

The post Medical Workers Evacuated From Gaza, but 3 Americans Refuse to Leave appeared first on The Intercept.

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Cambodia launches $36.6bn building drive, China and Japan vie for spoils

Economy 0
Cambodian Prime Minister Hun Manet has unveiled a 174-project master plan that has attracted bids by rival powers.

Olympic Athletes’ Financial Hurdles | TOME

Economy 0
Full-time training, travel to compete, medical and most other costs for these athletes are out of pocket.

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