Saudi Arabia Secures Leading Rankings in Global Entrepreneurship Monitor Report

The Saudi flag. Photo: Asharq Al-Awsat
The Saudi flag. Photo: Asharq Al-Awsat
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Saudi Arabia Secures Leading Rankings in Global Entrepreneurship Monitor Report

The Saudi flag. Photo: Asharq Al-Awsat
The Saudi flag. Photo: Asharq Al-Awsat

Saudi Arabia has secured top global rankings in the Global Entrepreneurship Monitor (GEM) 2025–2026 report, reflecting a highly competitive environment and reinforcing its position as a premier global hub for entrepreneurship.

The Kingdom led all high-income economies in Entrepreneurial Finance, highlighting the efficiency of its financing tools for small and medium-sized enterprises (SMEs). Additionally, Saudi Arabia ranked third globally in the National Entrepreneurship Context Index (NECI), cementing its status as an elite destination for entrepreneurial investment and growth, SPA reported.

Total early-stage Entrepreneurial Activity (TEA) has seen rapid expansion, jumping from 12.1% in 2018 to 28.9% in 2025. Similarly, entrepreneurial intentions nearly doubled, rising from 26.8% to 48.5% over the same period.

This growth is mirrored in the academic sector, where the Kingdom climbed from 53rd to seventh place globally in university-based entrepreneurship.

These milestones result from integrated efforts between government entities like the Small and Medium Enterprises General Authority (Monsha'at), the private sector, and academic institutions.



Oil Spill off Oman Reportedly Reaches Mainland, Says UN Agency

A satellite image shows an oil spill off the coast of Oman, August 11, 2026. (European Union/Copernicus Sentinel-3/Handout via Reuters)
A satellite image shows an oil spill off the coast of Oman, August 11, 2026. (European Union/Copernicus Sentinel-3/Handout via Reuters)
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Oil Spill off Oman Reportedly Reaches Mainland, Says UN Agency

A satellite image shows an oil spill off the coast of Oman, August 11, 2026. (European Union/Copernicus Sentinel-3/Handout via Reuters)
A satellite image shows an oil spill off the coast of Oman, August 11, 2026. (European Union/Copernicus Sentinel-3/Handout via Reuters)

An oil spill from a tanker that ran aground off Oman's coast has reportedly begun reaching the mainland, as monsoon winds obstructs containment efforts, the United Nations' maritime agency said Wednesday.

An AFP investigation had earlier found that the ship had been stranded for weeks near Oman's al-Qibliyyah island after it was rocked by explosions.

"The International Maritime Organization (IMO) is closely monitoring the oil leakage from the crude oil tanker CAROLINE BEZENGI, which grounded off the coast of Oman on 30 June 2026 and is currently around 22 nautical miles offshore of Sharbithat, Oman," a spokesperson for the agency said.

"Oil is drifting offshore to the northeast of Al-Qibliyyah Island with some oil reported to be reaching the mainland," the spokesperson said, adding that "the seasonal monsoon has limited access to the vessel and delayed salvage operations".

The Oman News Agency (ONA) meanwhile quoted authorities as saying that "today's monitoring results showed that some beaches in the Ras Madrakah area were affected by oil pollution", on the sultanate's southeastern coast.

Oman on Monday said it was working to contain the spill, which had affected roughly 390 square kilometers (150 square miles), according to the most recent analysis from the country's environment agency.

The slick was concentrated around Oman's Hallaniyat archipelago off the country's southern coast, where a marine reserve was established last year to protect sensitive ecosystems home to diverse marine life, including rare sea turtles.

Omani authorities have not yet identified the cause of the spill. But British maritime security company Vanguard told AFP last week that the tanker was rocked by explosions in early June as it sailed off the coast of Yemen, causing water to enter several sections of the vessel.

Advocacy groups Greenpeace and PAX told AFP that the spill was on the verge of causing an "environmental disaster", saying the tanker was carrying around one million barrels of crude.

The ship is believed to be part of Russia's "shadow fleet", which Moscow uses to circumvent Western sanctions on its oil exports.

The fleet includes ageing vessels that have faced criticism over maintenance, insurance and safety standards.

Tankers have been frequently targeted in the Gulf region over recent months as the US exchanged fire with Iran and its allied proxies.


Saudi Foreign Minister Discusses Regional Developments with Egyptian Counterpart

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah in Moscow on July 4, 2025. (Reuters)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah in Moscow on July 4, 2025. (Reuters)
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Saudi Foreign Minister Discusses Regional Developments with Egyptian Counterpart

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah in Moscow on July 4, 2025. (Reuters)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah in Moscow on July 4, 2025. (Reuters)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates of the Arab Republic of Egypt Dr. Badr Abdelatty, SPA reported.

During the call, they discussed the latest developments in the region and efforts to enhance its security and stability.


Kuwait Foils Terrorist Plot Targeting Vital Facility

Kuwait City (KUNA)
Kuwait City (KUNA)
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Kuwait Foils Terrorist Plot Targeting Vital Facility

Kuwait City (KUNA)
Kuwait City (KUNA)

Kuwait's Ministry of Interior announced Wednesday that it had foiled a terrorist plot targeting a vital facility in the country and arrested a Kuwaiti national affiliated with the terrorist organization ISIS before he could carry out the plot, following security monitoring and surveillance operations.

The ministry said in a statement that security investigations revealed that the suspect had received training in the manufacture of explosives and drones and had built a drone for use in carrying out his terrorist plot and targeting a vital facility in the country, SPA reported.

It said security authorities had taken the necessary legal measures against the suspect and referred him to the competent authorities to complete the investigation and take the measures prescribed by law.

The Ministry of Interior affirmed that its security agencies would continue to carry out proactive operations to monitor and counter any activities or plots that could threaten the country's security and stability. It stressed that it "will not tolerate anyone who seeks to undermine national security or the safety of citizens and residents."

The ministry stressed that security agencies would deal firmly with any suspicious activities within the framework of the law, reaffirming their continued efforts to thwart security threats before they develop into acts targeting the country's security and vital facilities.