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  • Al-Kheraiji: Saudi donations to Gaza surpass $185 million

    Deputy Foreign Minister Eng. Walid Al-Kheraiji said that the value of donations extended by Saudi Arabia to Gaza reached more than $185 million. Addressing the 50th session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC), in Yaoundé, capital of Cameroon, on Thursday, the deputy minister renewed Saudi Arabia’s condemnation and rejection of all forms of crimes against the Palestinian people by the Israeli occupation forces.

  • Saudi Ambassador to EU says Schengen visa issuance unchanged

    Saudi Ambassador to the European Union Haifa Al-Jedea said that the Schengen visa is still issued in the usual way by visiting the headquarters of European embassies, denying the launch of a system to issue it electronically.

  • Hail Governor Receives Torch of Saudi Games 2024

    Governor of Hail region Prince Abdulaziz bin Saad bin Abdulaziz today received the torch of the third edition of the Saudi Games 2024 as it embarked on its promotional journey for the Kingdom's largest national sporting event.  This year's torch tour is crucial in promoting the Saudi Games 2024. It aims to explore key cultural, historical, and tourist sites, covering 47 famous locations across the Kingdom. Accompanied by notable champions and influencers recognized for their significant contributions and accomplishments, local communities are joining in the festivities of the Kingdom's most prominent national sports event.

  • How US Surged Forces to Middle East To Keep Iran at Bay

    The United States shifted significant naval and air forces to the Middle East this month from bases at home and abroad, adding to 10 months of increased American military presence in the region amid tensions between Israel and Iran. The latest U.S. military deployments come after the killing of Ismail Haniyeh, Hamas' top political leader, sparked repeated Iranian threats of retaliation against Israel, which has neither confirmed nor denied its involvement in the July 31 airstrike that killed him in Tehran.

  • US military turns to Tinder to issue warning amid rising tension in Middle East

    In a unique move, the US military has turned to dating app Tinder to issue warnings about the potential escalation of the conflict in the Middle East. US Central Command, which oversees military operations in the Middle East and Central Asia, reportedly purchased ad space on Tinder to deter attacks on US forces and allies. “The United States will protect its partners in the face of threats by the Iranian regime and its proxies,” the ad read in Arabic, along with images of warplanes and the logo of CENTCOM. “Do not take up arms against the United States or its partners.”

  • Saudi Arabia Signals Ambition to Host Olympic Games

    Saudi Arabia’s potential interest in eventually hosting the Olympic games comes as the Gulf nation grows its portfolio of sports events, including the inaugural Esports Olympics in 2025. Riyadh clinched a 12-year deal with the International Olympic Committee in July to host that event, signaling a relationship already exists. The Saudis are also due to host the Asian Winter Games in 2029 and is on the brink of hosting the FIFA World Cup in 2034.

  • Gulf investors launch $200 million Waad Investment firm to support regional startups

    An alliance of investors and GCC-based family offices launched “Waad Investment," an investment firm with a targeted value of SAR750 million ($200 million), making it the largest private investment firm dedicated to supporting growth-stage startups. The alliance is led by investor Yaser AlGhamdi, the founder and Chief Investment Operations Officer of Waad Investment, in collaboration with the AlMajed and AlMisfer family offices.

  • New twist in ‘heist of the century’ in Iraq as key figure ‘fakes accident’ in Beirut

    Simmering controversy over the “heist of the century” in Iraq has been reignited as a businessman central to the multi-billion dollar corruption case has failed to appear for his court date. Raising further eyebrows, Noor Zuhair Jassim Al-Muthaffar is reported to have been involved in a “suspicious” traffic accident outside Iraq’s borders—in Lebanon—only days before his trial. The curious twists and turns of the case have brought speculations to a fever pitch, with observers warning of a potentially profound political fallout. 

  • UAE recognizes Taliban envoy as realism increasingly drives foreign policy

    The United Arab Emirates (UAE) has accepted the credentials of a Taliban diplomat as ambassador of Afghanistan. The move is a shift in Abu Dhabi’s approach to Taliban rule, which it has yet to recognize. Hailed by Taliban supporters as furthering the group’s international legitimacy, observers see the measure as reflecting rising realism in Emirati foreign policy.

  • GCC banks set record with $21.5bn in Q2 lending profits

    Profits from lending activities at Gulf Cooperation Council banks reached a record $21.5 billion in the second quarter of 2024, marking a 7.6 percent increase from the same period last year, according to a recent report. On a quarterly basis, the region experienced a 0.91 percent rise in net interest income, rebounding from a decline in the first quarter, thanks to growth in four of the six GCC countries, as reported by Kamco Invest’s latest GCC Banking Sector report.