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  • The war in Gaza passes a bleak, bloody milestone

    On Thursday, the Gaza Health Ministry announced that the enclave’s death toll amid the ongoing Israeli offensive against militant group Hamas had surpassed 40,000 people. That statistic is grim in its own right, though implicit in it, too, is the staggering scale of destruction in Gaza — the quantifiable damage unleashed by Israel’s relentless bombardments of the territory and the unquantifiable toll of misery and suffering experienced by a hungry population, struggling for safety in a Gaza where no area seems safe.

  • Mpox virus detected in Pakistan, health authorities say

    A new form of the virus has triggered global concern because it seems to spread more easily though routine close contact. A case of the new variant was confirmed on Thursday in Sweden and linked to a growing outbreak in Africa, the first sign of its spread outside the continent.

  • Saudi Arabia welcomes Sudanese government’s decision to reopen border crossing to aid

    Saudi Arabia on Thursday welcomed the Sudanese sovereign council’s decision to allow the use of the Adre border crossing with Chad for three months to enable the entry of aid into areas of the Darfur region. The Kingdom’s foreign ministry said it notes the positive impact of this step in addressing humanitarian needs, facilitating the delivery of aid, and ensuring the safety of humanitarian workers.

  • Saudi Arabia to Reduce Big Spending on Oil Sector, Goldman Says

    Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. The Gulf kingdom will likely direct the majority of its funds, around 73% of total investments, into non-oil sectors by 2030, according to Goldman Sachs Group Inc., a shift from the bank’s earlier estimate of 66%.

  • The Houthis’ Achilles Heel

    In recent months, as the United States has struggled to deter and degrade the Houthis, Yemen’s United Nations-recognized government has worked to dramatically increase economic pressure on the group. The economy, in particular revenue and liquidity, is the Houthis’ Achilles heel. This is where the group is most vulnerable, and this is exactly where the government in Aden is pressing. This approach, however, also carries significant risks. In the short term, increasing economic pressure on the Houthis is likely to prompt them to reignite attacks on Saudi Arabia, while in the long term it could make reuniting Yemen into a single state all but impossible.

  • Saudi’s PIF explains impact intention in new campaign

    Saudi Arabia’s Public Investment Fund (PIF) has launched an educational content campaign to explain the relationship between its chosen sponsorships and its impact initiatives. In January, the sovereign wealth fund became a major sponsor of three major electric motorsport championships, including the FIA Formula E World Championship, as part of its mission to support the exploration of new sustainable technologies.

  • Saudi Arabia’s Digital Experience Maturity Index 2024 surges to 85%

    The index included the evaluation of 39 digital platforms according to four main perspectives that cover 20 themes. These perspectives included: measuring beneficiary satisfaction through the participation of more than 175,000 beneficiaries, in addition to evaluating the user experience, and the platforms’ mechanisms for dealing with their beneficiaries’ complaints.

  • Saudi Aramco seeks to deepen ties with China in petrochemicals and low-carbon solutions

    Saudi Aramco is looking to bolster ties with China in petrochemicals and low-carbon solutions, as the world’s largest oil and gas company seeks to diversify its business and support the net-zero goal of the world’s largest greenhouse gas emitter. “Our relationship with China has grown far beyond crude oil sales to develop into a more extensive, diversified and strategic bilateral collaboration,” Mohammed Al Qahtani, the downstream president of Aramco, said in an emailed interview with the Post.

  • DP World’s first-half profit more than halves amid Middle East tensions

    Dubai-owned ports and logistics company DP World reported a 59% drop in first-half profit on Thursday, as it grappled with shipping disruptions in the Red sea linked to the ongoing Israel-Hamas war in Gaza.  Analysts say Middle East ports like those in the Gulf have lost out on trans-shipment traffic as ocean freight firms re-route ships around the southern tip of Africa to avoid missile and drone attacks in the Red Sea, carried out by Yemen's Houthi militants since October.

  • Brewers tap growth of zero-alcohol beers in Middle East

    Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev (ABI.BR), opens new tab say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcohol consumption rates globally.