Saudi Energy Projects: Aramco has selected McDermott for a Project Management Consultancy long-term agreement (LTA), teaming with Saudi engineering firm SLFE to deliver engineering and front-end work (pre-FEED/FEED) plus project management across energy, downstream, petrochemicals and low-carbon projects in the Kingdom. AI & Work: Saudi’s Ahmed Al-Rajhi told the ILO in Geneva that responsible AI should shape a more inclusive future of work, aligning with Saudi’s “Year of Artificial Intelligence” push. Space & Finance: Kingdom Holding says it owns a 0.34% stake in SpaceX (plus Prince Alwaleed’s 0.29%), as the company prepares for a record-setting IPO priced at $135 per share and targeting a $1.75tn+ valuation. Digital Media: SMC Media signed a strategic partnership with TikTok to become the official advertising partner in Saudi Arabia and Egypt, expanding access to TikTok ad tools for brands. Global Tech Policy: India is considering easing its bilateral investment treaty rules to attract more foreign capital, including changes around arbitration and safeguards against “treaty shopping.” UN on AI Power Use: A UN report warns AI could consume 3% of the world’s electricity by 2030, with major water impacts—fueling the debate on responsible AI growth. Energy Geopolitics: Commentary on the Hormuz crisis highlights how oil-market shocks are reshaping global energy priorities, with Switzerland still heavily reliant on fossil fuels.