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DUBAI: Big changes under way in Saudi Arabia could turn the Kingdom into the top market in the Middle East for Rolls-Royce cars, Torsten Muller-Otvos, the elite motor company’s chief executive, told Arab News. “Saudi obviously is a big market. I see even more potential to come from Saudi in…

Russian authorities redoubled their efforts in 2021 to repress internet freedoms, Human Rights Watch said today. The government blocked popular censorship circumvention tools, experimented with novel censorship technologies, expanded oppressive internet legislation, and pressured tech companies to comply with the increasingly stifling regulations. “The Russian government is using its growing…

RIYADH: Aquaculture — the farming, harvesting and processing of marine products — is a focal point of Saudi Arabia’s Vision 2030 program, which seeks to transition the Kingdom away from oil toward a more diversified and entrepreneurial economy. The Saudi government aims to increase seafood production from 77,000 to 600,000…

Saudi Arabia has imported sensitive missile technology from the Chinese military and is manufacturing its own ballistic missiles, according to Saudi advisers and officials familiar with U.S. intelligence, raising new worries of a Middle East arms race. The Saudi effort is the latest in a series of moves by U.S.…

The Middle East has embarked on a seismic economic transformation, as countries such as the UAE and Saudi Arabia reduce their economic reliance on oil and gas revenues. Technology is being harnessed in two ways by these countries. An IT sector is being established with overseas markets in its sights,…

Qatar plans to invest at least $10 billion in US ports and has approached international banks for financing help, three finance sources say, in an infrastructure spree that reflects the Gulf country’s deepening ties with Washington. The Middle East and Western sources familiar with the matter said Doha was targeting…

Register now for FREE unlimited access to Reuters.comDUBAI, Dec 19 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Stocks slide as Omicron worries bolster safe havens…

LONDON: Oil prices slid on Friday, heading for a slight decline over the week, on concern curbs to slow the spread of the omicron COVID-19 variant could hit demand. Brent crude futures declined 1.5 percent to $73.88 a barrel at 1.10 p.m. Riyadh time, while US West Texas Intermediate (WTI)…

Lucrative market: Vietnam’s Minh Tien Group brews plans for Middle East’s growing coffee culture​The Middle East’s growing coffee culture has caught the eye of Minh Tien Group, a Vietnam-based producer and exporter of coffee beans looking to expand in the Gulf region. Established in 2000, Minh Tien Group’s coffee has…

Author of the article: Bloomberg News Selcan Hacaoglu (Bloomberg) — The U.S. Navy successfully tested a new generation laser weapon system earlier this week in the Gulf of Aden, the Navy’s Middle East-based 5th Fleet said in a statement on Thursday. During the demonstration on Wednesday, a high-energy laser weapon…