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  • MBS: No Saudi-Israel normalization until Palestinians get a state

    Although the Biden administration had previously signaled that they might be willing to move forward with the U.S.-Saudi defense agreement even in the absence of normalization with Israel, MBS’ announcement appears to finally kill the possibility of the so-called “Grand Bargain” that Presidential advisors Brett McGurk, Jake Sullivan, and other senior Biden officials had hoped would offer a means of countering China, resolving the Gaza crisis, and topping Trump’s Abraham Accords all in one.

  • MBS reaffirms support for Palestinians in Riyadh meeting with Mahmoud Abbas

    During the meeting, the Crown Prince reaffirmed Saudi Arabia’s commitment to engaging with international and regional parties to help de-escalate the situation, SPA added. He also emphasized the Kingdom’s support for the Palestinian people in their pursuit of legitimate rights, a dignified life, and a just and lasting peace.

  • A trove of artifacts from Egypt’s last dynasty has been found in 63 tombs

    A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. The artifacts include gold pieces and jewelry dating to Egypt’s Late and Ptolemaic periods, and some items could be displayed at one of the country’s museums, said Neveine el-Arif, spokeswoman for the Ministry of Tourism and Antiquities.

  • Saudi Aramco stock climbs on Q2 results, dividends

    Shares of Saudi Aramco (2223.SR) are trading higher after the company met second quarter net income expectations and will pay a quarterly dividend totaling $31.1 billion. Yahoo Finance reporter Ines Ferré breaks down the details, analyzing the company's financials and providing insights into the broader oil industry landscape.

  • MBS urges international community to recognize independent Palestinian state

    Saudi Arabia’s Crown Prince Mohammed bin Salman called on the international community on Monday to recognize an independent Palestinian state, emphasizing that this step is crucial for achieving peace. “The Kingdom renews its call to the international community to recognize the independent State of Palestine, on the 1967 borders, with East Jerusalem as its capital. This will enable the brotherly Palestinian people to obtain their legitimate rights” and pave the way for “comprehensive, just, and lasting peace,” state news agency SPA quoted the Crown Prince as saying.

  • Saudi Arabia Ramps Up Bonds to Help Fund MBS’s Big Projects

    Saudi Arabia hasn’t had a busier stretch in the debt market since the 2014-2016 oil crash left its budget with a double-digit deficit.

    Even with crude prices up 10% this year, it’s trying to borrow its way through a fiscal squeeze caused by the need to fund huge projects championed by Crown Prince Mohammed bin Salman, widely known as MBS, to transform the economy.

  • MbS, MbZ meet in Saudi Arabia amid rumors of widening rift

    Bader Al-Asaker, the head of the Saudi crown prince’s private office, on May 17 posted a photo on Twitter/X capturing a smiling Mohammed bin Salman Al Saud (MbS) together with Emirati President Sheikh Mohammed bin Zayed Al Nahyan (MbZ) at the Al-Aziziyah Palace.

  • Saudi Mega Projects Seek Partners in Bid to Hit Crown Prince MBS’s Goals

    Top officials from Saudi Arabia’s mega projects gathered in Riyadh to share progress updates and seek partners to help deliver a key pillar of Crown Prince Mohammed bin Salman’s plan to transform the economy. Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.

  • Saudi crown prince MBS delays visit to Pakistan for unspecified reasons

    Saudi Arabia’s crown prince has deferred his visit to Pakistan for unspecified reasons, dimming the much-anticipated event that Islamabad was hoping would secure further investments and agreements between the two allies.

    Saudi crown prince Mohammed bin Salman had been expected to visit Pakistan on 19 May, but according to media reports, that has now been delayed until a later date while Islamabad and Riyadh continue to work out an agreed-upon schedule.

  • Biden says he will stop sending bombs and artillery shells to Israel if it launches major invasion of Rafah

    “Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers,” Biden told CNN’s Erin Burnett in an exclusive interview on “Erin Burnett OutFront,” referring to 2,000-pound bombs that Biden paused shipments of last week. “I made it clear that if they go into Rafah – they haven’t gone in Rafah yet – if they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities – that deal with that problem,” Biden said.