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  • WEF24: Saudi Ambassador to US says Kingdom prioritizing ‘peace and prosperity’ policies

    Saudi Arabia is prioritizing peace and prosperity in its efforts to lead the Middle East towards stability and security amid ongoing geopolitical volatility in the region, the World Economic Forum (WEF) Annual Meeting 2024 heard today from Her Royal Highness Princess Reema Bandar Al-Saud, Ambassador of the Kingdom of Saudi Arabia to the United States of America.

  • Saudi Arabia Flags Commodity Trading Ambitions With DME Stake

    The owner of Saudi Arabia’s stock market has acquired a 32.6% stake in the Dubai Mercantile Exchange as it seeks to diversify its revenue and gain access to oil, metals and agricultural trading. Saudi Tadawul Group bought the holding in the DME, as the Dubai exchange is known, for 107 million riyals ($28.5 million), according to a statement on Thursday, making it the joint largest shareholder along with US-based CME Group.

  • In Davos, Israel’s president calls ties with Saudi Arabia key to ending war in Gaza

    Normalizing ties between Israel and Saudi Arabia would be a key element of ending the war with Hamas and a game-changer for the entire Middle East, Israeli President Isaac Herzog said Thursday at the World Economic Forum’s annual meeting in the Swiss town of Davos. “It’s still delicate, it’s fragile, and it will take a long time, but I think that it is actually an opportunity to move forward in the world and the region towards a better future,” Herzog said.

  • Israel Isn’t Buying Saudi, UAE, Qatar, Egypt and Jordan’s Postwar Gaza Plan

    Five Arab nations are quietly touting a settlement for postwar Gaza for which they’ve secured the backing of the US. The problem is that the Israelis on whom the agreement depends aren’t buying it. That means the proposal, which its authors are calling the most plausible solution for long-term security in the region, is out of reach for now. Two of the many officials who spoke with Bloomberg are privately asserting that progress toward it won’t be possible so long as Prime Minister Benjamin Netanyahu’s right-wing coalition stays in power.

  • Inside the effort to create a far-reaching U.S.-Saudi-Israeli pact to end the war

    Eleven days ago, Sen. Lindsey Graham arrived for a private meeting in a lavish tent with ruby red rugs and low burgundy cushions in the western Saudi Arabian oasis town of Al Ula, home to ancient Nabatean ruins. The tent is guarded by layers of Saudi security that protect the nearby winter camp of Crown Prince Mohammed bin Salman. Graham, a South Carolina Republican, was a participant in a series of high-stakes meetings with the crown prince in recent weeks involving American lawmakers and diplomats hoping to rekindle a potential treaty between Saudi Arabia, Israel and the United States. Their ambitious goal is to hammer out a framework for concluding the Israel-Hamas war, stabilizing the Middle East and paving the way for some form of Palestinian self-governance in the Gaza Strip.

  • Exclusive: Saudi Arabia still considering BRICS membership, sources say

    Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being asked to join by the group last year, two sources with direct knowledge of the matter told Reuters on Thursday. The group in August invited Saudi Arabia, the United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia to join starting Jan. 1, although Argentina signalled it would not take up the invitation in November.

  • D.C. United set for four-game preseason trip to Saudi Arabia

    D.C. United plans to conduct much of its training camp in Saudi Arabia, finalizing an 18-day visit that might lead to annual preseason trips there and visits by Saudi clubs to Washington. United, which began workouts this week in Leesburg, will depart for the Middle East on Tuesday and play friendlies against Saudi clubs Al Wehda and Al Ettifaq, which is coached by former English star Steven Gerrard; Sudanese club Al Hilal; and the Sudanese national team.

  • Saudi Arabia: Peace with Israel conditioned on Gaza ceasefire, path to Palestinian state

    The Saudi ambassador to the U.S. said at the World Economic Forum on Thursday that any potential normalization agreement with Israel would be conditioned on a ceasefire in Gaza and the creation of an "irrevocable" pathway towards a Palestinian state. Why it matters: Princess Reema bint Bandar Al Saud echoed what the Biden administration has recently said publicly and privately to Israeli Prime Minister Benjamin Netanyahu.

  • China’s ageing population threatens switch to new economic growth model

    China's ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy's long-term growth prospects.
    A record low birth rate in 2023 and a wave of COVID-19 deaths resulted in a second consecutive year of population decline, accelerating concerns about China's demographic downturn.
    Large groups of the 1.4 billion people living in the world's second-largest economy will exit the labour pool and age past a prime period of their lives for consumption, exacerbating structural imbalances that policymakers have vowed to address.

  • Hezbollah rejected US overtures, still open to diplomacy to avoid wider war

     Iran-backed Hezbollah has rebuffed Washington's initial ideas for cooling tit-for-tat fighting with neighbouring Israel, such as pulling its fighters further from the border, but remains open to U.S. diplomacy to avoid a ruinous war, Lebanese officials said.
    U.S. envoy Amos Hochstein has been leading a diplomatic outreach to restore security at the Israel-Lebanon frontier as the wider region teeters dangerously towards a major escalation of the conflict ignited by the Gaza war.