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Israel Sparks Escalation to Drag U.S. Into War With Iran

Benjamin Netanyahu’s recklessness was fostered by blind U.S. support, but Israel is the one pushing its war with Iran out of the shadows.

The post Israel and Israel Alone Kicked Off This Escalation — In a Bid to Drag U.S. Into War With Iran appeared first on The Intercept.

UAE approves driverless cars

RIYADH: Self-driving cars will soon be on the UAE’s roads after the government approved a license for the company WeRide. The China-based firm will be able to test its vehicles in the country following an announcement by Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai. WeRide already has a presence in the country, as in 2022 it provided key software and hardware for the phase 1 trial of a self-driving taxi service in Yas Island, Abu Dhabi.

Sound Energy secures $237m financing for Moroccan gas project in the UK

RIYADH: A natural gas project in east Morocco will soon be completed thanks to a new finance push from the largest bank in the North African country. UK-based Sound Energy has received a conditional offer from Attijariwafa Bank to obtain funding amounting to 2.3 billion Moroccan dirhams ($237 million) for the Tendrara-based project’s second phase, according to a statement. The funding will be allocated for completing drilling, operating wells, and building a pipeline to transport natural gas to the state’s National Office of Electricity and Drinking Water.

Saudi Ports Authority signs deal for Yanbu port integrated bunker station construction

RIYADH: The Saudi Ports Authority, also known as Mawani, has signed a deal to establish an integrated center worth over SR2 billion ($533 million) as part of a pilot project to supply ships with fuel at the Yanbu Industrial Port. The total holding capacity of the pioneering project is likely to reach 2.5 million metric tons. The authority signed the agreement with International and Trafalgar Co. Ltd. on Sunday in collaboration with the Ministry of Energy.

Saudi Main Index Steady, Nomu Up 1,990 Points at Closing Bell

RIYADH: Saudi Arabia’s Tadawul All Share Index remained steady in the first session of the week, gaining 0.75 points or 0.01 percent to close at 11,516.89.  The trading turnover of the benchmark index was SR5.35 billion ($1.43 billion), as 120 stocks advanced, while 95 retracted.  Parallel market Nomu continued its upward movement for the fourth consecutive session, leaping 1,990.46 points to close at 28,988.06.  The MSCI Tadawul Index also picked up 0.03 percent to 1,519.18. 

NEOM secures $5.6bn for 1st phase of workforce residential communities development

RIYADH: Developmental work is fast gaining pace at Saudi Arabia’s futuristic city NEOM as the giga-project finalized contracts worth SR21 billion ($5.6 billion) to build the first phase of residential communities for the workforce. In one of the world’s largest public-private partnership deals for social infrastructure, NEOM signed up some of the leading Saudi developers to build 10 communities across the smart city that will accommodate an additional 95,000 occupants upon completion of the first phase. 

Russia-Ukraine Conflict: Key Events on Day 429

As the war enters its 429th day, we take a look at the main developments.

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