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Oil prices soared more than 1% on Tuesday as a major winter storm hit oil production and affected refineries on the U.S. Gulf Coast, and the market also received support from the slow restart of production from Kazakhstan’s Tengiz field. Brent crude oil futures rose 90 cents, or 1.4%, to $66.49 a barrel at 1415 GMT. U.S. West Texas crude rose 87 cents, or 1.4%, to $61.50 a barrel. The United States faced production losses as severe winter storms battered the country, straining energy infrastructure and power grids. U.S. oil producers lost up to 2 million barrels a day, or…

Targer enters Morocco with new Casablanca operation News • December 5, 2025 edit arabic Egyptian-born, Saudi-headquartered social e-commerce platform Taager has launched operations in Casablanca, marking its official entry into Morocco and its first foray into North Africa. Founded in 2019 by Abdelrahman Sherif, Ahmed Ismail, Ismail Omar, and Mohamed Elholisy, Taager’s platform enables anyone to start and grow their own social e-commerce business by providing product, storage, delivery, and customer collection. Earlier this year, Taager closed a $6.75 million pre-Series B funding round led by Africa-focused technology growth fund Norrsken22. press release: Egyptian social e-commerce platform Taager has officially…

RIYADH — Saudi Arabia’s Crown Prince Mohammed bin Salman has reaffirmed the Kingdom’s position of respecting Iran’s sovereignty and refusing to use Saudi airspace or territory for any military action against Iran, regardless of the source or direction of the attack.The position was conveyed in a telephone conversation with Iranian President Masoud Pezeshkian on Tuesday, according to the Saudi Press Agency.During the telephone conversation, the Crown Prince emphasized Saudi Arabia’s support for efforts to resolve the conflict through dialogue in a way that strengthens security and stability across the region. Related articles Saudi Defense Minister meets Kuwaiti Defense Minister Mr.…

Meta’s WhatsApp messaging service is offering users an advanced security mode, joining a growing number of US tech companies that are allowing users to opt for stronger protection against hackers in exchange for a more restrictive experience. The new option, which will go live on Tuesday, is called “Strict Account Settings” and allows you to enable a set of defenses with a one-click button in WhatsApp’s settings. This includes blocking media and attachments from unknown senders, disabling link previews (the thumbnails that appear when you type a URL into a chat), and silencing calls from unknown contacts. All three have…

Saudi game tech Qwacks raises $480,000 in pre-seed funding from Merak Capital News • December 8, 2025 edit arabic Saudi gaming technology company Qwacks has raised $480,000 in pre-seed funding from Merak Capital. Founded in 2024 by Anas Alsahli and Abdulrahman Alfozan, Qwacks is building an integrated technology layer that supports the entire game development and live operations lifecycle. The funding will be used to expand Qwacks’ technology stack, enhance product integration, and support a broader network of game studios across Saudi Arabia and the region. press release: Qwacks, a Saudi gaming technology startup building next-generation tools for game developers,…

Today (Tuesday), Texas Governor Greg Abbott announced that he will expand the list of “prohibited technologies” in government equipment and networks in the state, banning state officials from using products and services from prominent Chinese companies, including e-commerce platform Alibaba, fast fashion store Shein, network equipment company TP-Link, TIMO Platforms, battery company CATL and others.In a public statement released by his office, Abbott said the decision was aimed at “protecting the privacy of Texas residents” from the risk of espionage and data manipulation by the government of the People’s Republic of China and the Chinese Communist Party, noting that “bad…

Gold rose today after topping the $5,100 level for the first time in the previous session as safe-haven demand continued amid geopolitical uncertainty, while silver also hovered near record highs, rising more than 8% in spot trading to $112.24 an ounce.Gold rose 1.7% to $5,095.75 an ounce in instant trading, after hitting a record high of $5,110.50 yesterday.futures contractUS gold futures for next February delivery fell 0.15% to $5,130.90 per ounce.Silver rose to $112.24 an ounce in spot trading after hitting an all-time high of $117.69 yesterday. Silver is already up about 60% since the beginning of this year.Platinum fell…

Yemen’s Aden, Al-Mahrah, Shabwa, Abyan, Lahij, Hadramout and Socotra governorates have received Saudi subsidies in oil derivatives to operate power plants, the Saudi Press Agency reported on Tuesday. The grant will fuel more than 70 power plants in the state. Contribute to improving the efficiency of government agencies and revitalizing the local economy. This initiative plays an important role in improving daily life and supporting commercial activities by increasing the reliability of electricity supplies. This allocation was provided based on a needs assessment submitted by the power plant. To ensure that the fuel reaches its final beneficiaries, a committee made…

Q Fund backs AI startup QPioneers in first funding round News • December 22, 2025 edit arabic Saudi Arabia-based AI-powered startup QPioneers has raised its first round of funding for an undisclosed amount from Q Fund, the investment arm of Qewam Holding. Founded in 2024 by Hisham Al Mamlouk and Adel Alsaadi, QPioneers builds startup operating systems (StartupOS) that integrate collaboration tools, operations, and analytics into one workspace. This is supported by an AI assistant that automates workflows and provides strategic insights. The funding will be used to accelerate product development, hire key talent, and strengthen engagement with the region’s…

JEDDAH — The National Center of Meteorology (NCM) has predicted the probability of rain in several parts of the Kingdom from Wednesday evening to Thursday, based on the output of a Saudi numerical model.According to the forecast, the rains are expected to affect parts of Asir, Al-Bah, Jazan and Makkah regions, and the weather system is expected to extend to Qasim region, northern and western parts of Riyadh region and Eastern Province.NCM shared an animated weather map showing the movement and range of expected rainfall across the kingdom.The rains are expected to start from Wednesday afternoon, moving north from the…