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Saudi Arabia
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  • The outlay, to be done over the next four years, doubles the investment of subsidiary Amazon Web Services in the city state
  • AWS this year also announced plans to expand its cloud computing infrastructure in Japan, Saudi Arabia, Mexico, Malaysia and Thailand

The hike highlights Saudi Arabia’s efforts to keep the market tight amid fading war risk in the Middle East, which has helped drive oil prices in London lower.

National Security Adviser Jake Sullivan said the two issues were part of an ‘integrated vision’ for peace in the Middle East and could not be disentangled.

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Tens of thousands have been killed. Yet domestic politics are as much a factor as any looming humanitarian disaster for Western and Middle Eastern governments involved in peace talks.

The United States and Saudi Arabia are said to be nearing a pact that would offer the kingdom security guarantees and lay out a possible pathway to diplomatic ties with Israel if it brings the war in Gaza to an end.

Mahmoud Abbas said such an invasion on the Gazan city, which is sheltering more than a million residents, would be ‘the biggest catastrophe in the history of the Palestinian people’.

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Grammy winning rapper Swizz Beatz has entered a camel team in a four-day race in the Saudi oasis city of AlUla, four years after he became the first American to own a racing team in Saudi Arabia.

The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC has invested in the Middle East.

‘China’s goal is to enjoy the fact that the US is getting bruised here, but also to use the conflict in Gaza as a way to rally the Global South against the United States,‘ one says.

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.

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Seven-day tour includes closed-door forums in Beijing, Shanghai, Hong Kong, and Shenzhen to seek potential partners for the ambitious urban-development project.

Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.

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Chinese embassy warns citizens in Iran to take precautions after Tehran fires missiles and drones in ‘spillover’ of Gaza conflict, but analysts say attack is unlikely to have substantial impact on Beijing’s ties with the two Middle Eastern countries.

The United Nations migration agency says 38 migrants are dead, and 22 others have been rescued from a shipwreck off Djibouti on a popular route to Yemen.

Companies in Saudi Arabis and Indonesia have shown a genuine interest in Hong Kong’s IPO market, Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing, says at a Legislative Council meeting on Monday.

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In addition to investment and fundraising opportunities, the region’s access to talent, low taxes, reasonable cost of living and visa schemes are draws, participants say.

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.

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The CEO of Neom – a US$500 billion futuristic, zero-carbon megacity under construction on the country’s northwest coast – is scheduled to host a half-day event on April 19 inviting investors to back the ambitious development.