Once considered a niche pastime, electronic sports (eSports) is now a multibillion-dollar global industry, drawing millions of viewers and professional players. Competitive video gaming now fills…
A string of deals ranging from defence to technology were signed in Riyadh worth at least $300bn, including the "largest military sales contract in history"
A high-powered delegation will accompany him on his first official foreign trip of his second term as US president, reflecting a diverse agenda, spanning trade, defence and geopolitics
Ambitious targets are largely being met, with several areas exceeding expectations, but with foreign direct investment still less-than-hoped, there is still work to be done.
Saudi Arabia's Public Investment Fund is investing heavily in the US, but its domestic spending is set to reach $70bn in the next five years, which means it will have to carefully weigh its priorities
Despite Saudi Arabia’s state-owned oil giant Aramco reporting a 12% decrease of its net profits in 2024 due to lower energy prices, the company outperformed leading global oil and gas companies,…
With diplomatic channels open with the three major power centres—the US, Russia, and China—Saudi Arabia continues to navigate a delicate balance between economic pragmatism and security imperatives
From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point
Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.
Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.
Al Majalla - London
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