MUST-READS

• Saudi broadcaster in Iraqi crosshairs over sniping at ‘heroes of the resistance’

  A diplomatic and security crisis has erupted in Iraq over a Saudi TV channel’s description of slain leaders of Iran-backed armed groups as “terrorists.” Only hours after the report, protesters reportedly aligned with the targeted groups sacked the Baghdad office of Saudi media conglomerate MBC. Given the growing scale of the controversy, Iraqi authorities are moving to cancel the channel’s operating license—eliciting a range of heated reactions. Featuring Saudi journalist Mohammed Al-Mishari, the MBC segment likened assassinated leaders of Iran-backed groups to former Al-Qaeda head Osama bin Laden (1957–2011). 

• Democrats call for special counsel probe into Kushner over Saudi ties

  Senior Democrats in the House and Senate are calling on the Justice Department to investigate former President Trump’s son-in-law and senior adviser in the White House, Jared Kushner, over possible violations related to lobbying for a foreign government.  The lawmakers describe Kushner as acting as a “Shadow Diplomat” and political adviser to Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud, in exchange for at least $87 million paid out to Kushner’s investment firm, Affinity Partners.

• Kingdom of Saudi Arabia – TOW 2A & TOW 2B Missiles

  The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia of TOW 2A tube-launched, optically-tracked, wireless-guided, radio frequency missiles (BGM-71E-4B-RF), TOW 2B tube-launched, optically-tracked, wireless-guided, radio frequency missiles (BGM-71F-3-RF), and support and related elements of logistics and program support for an estimated cost of $440 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale today.

• Global financiers head to Riyadh investment bash in shadow of war
  Global financiers are poised to flock to Saudi Arabia's annual flagship investment conference next week as a tightening of the kingdom's purse strings and a deepening of regional conflict cloud the outlook. Among those expected to descend on the Future Investment Initiative (FII) in Riyadh are top CEOs, including Goldman Sachs' David Solomon, BlackRock's Larry Fink, Citigroup's Jane Fraser and the London Stock Exchange's Julia Hoggett.

• Israeli strike kills journalists in Lebanon, Blinken sees urgent need for resolution
  An Israeli strike killed three journalists in south Lebanon on Friday, Lebanon's health ministry said, and the UN refugee agency warned that Israeli airstrikes on a border crossing with Syria were hindering refugees attempting to flee the war. U.S. Secretary of State Antony Blinken said there was an urgency to get a diplomatic resolution to the conflict, a day after he said Washington did not want to see a protracted campaign in Lebanon by its ally Israel.

• Women camel jockeys race in Saudi Arabia, breaking a social barrier

  Welcome to the Crown Prince Camel Festival, an event that has been dubbed the Grand Prix of camel racing, where camels race some 250 laps for prizes worth US$13 million. This camel festival, held in honour of Saudi Arabia’s Crown Prince Mohammed bin Salman, is now in its sixth year and is on par with the richest horse races worldwide. It has come to be recognised as a serious international sport and a great tourist attraction in several Middle Eastern countries. This year, some 21,000 camels are taking part.

• Is Israel carrying out de facto ethnic cleansing?

  “What we have learned this year is that everything is in our hands,” Ben Gvir said, before identifying what he considered the major legacy of militant group Hamas’s terrorist strike on southern Israel more than a year ago. “We are the owners of this land. Yes, we experienced a terrible catastrophe on October 7. But what we need to understand, one year later, is that so many Israelis have changed their thinking. They have changed their mindset. They understand that when Israel acts like the rightful owners of this land, this is what brings results.”

• Saudi Prince’s Beach Party Looks to Show Neom Dream Is Real

  An exclusive group of financiers, entertainers and influencers from around the world will this week descend upon Sindalah Island, the first project to open its doors at the planned city of Neom. The resort is now home to ultra-luxury hotels and unspoilt beaches, plus an 86-berth marina where the uber rich can dock their yachts and dive into the crystal clear waters of the Red Sea.

• Israeli strike kills Lebanese troops as France rallies support for army
  An Israeli strike killed three Lebanese troops in south Lebanon on Thursday as France hosted a conference to rally support for Lebanese state forces which are seen as vital to any diplomatic resolution of the war between Israel and Hezbollah. The Lebanese soldiers were killed as they were evacuating wounded people on the outskirts of southern village of Yater, the Lebanese army said. They were killed at around 4:15 a.m. (0115 GMT), a security source said. There was no immediate comment on the strike from the Israeli military, which has previously said it is not operating against the Lebanese army.

• IMF Forecasts Steady Global Growth in 2025

  India, China, Russia and the United States are forecast to see contractions in their economic output between 2024 and 2025. In Russia, this change is expected to be most pronounced, dropping 2.3 percentage points. Meanwhile, 2025 is forecast to be an improved year for growth in the United Kingdom, Japan and Germany. U.S. has had an upwards revision to a forecasted growth of 2.8 percent in 2024, from the previously estimated 2.6 percent. In 2025, growth is expected to slow to 2.2 percent in the U.S. as fiscal policy is gradually tightened and a cooling labor market slows consumption. This is still an improvement from the July forecast, which had estimated growth at 1.9 percent.

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