A segment of Israeli society is furious with Netanyahu over his seeming unwillingness to prioritize the release and repatriation of dozens of Israeli hostages remaining in Hamas captivity in Gaza, where Israel has carried out more than a half-year-long relentless military campaign. Families and friends of the hostages staged an alternative “torch-dousing” ceremony to convey their rage and disquiet.
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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‘Saudi Idol’ Talent Show to be Aired in December
The globally popular talent show Idol franchise is debuting in Saudi Arabia this December to showcase top amateur singers across the Kingdom. Saudi Idol joins hugely popular global versions like American Idol, Australian Idol and, Indian Idol.
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Saudi’s SNB Capital Tops Forbes Ranking of Middle East Asset Managers; More than Half of List Based in Saudi Arabia
Forbes Middle East released its second annual ranking of the Middle East’s top 30 asset management companies, placing Saudi Arabia’s SNB Capital at the top of the list which is dominated by Saudi entities.
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Development on AMAALA Pushes Ahead as 300 Contracts Awarded Worth $1.6 Billion to Date
Saudi Arabia’s ultra-luxury tourism project AMAALA has broken ground and has $1.6 billion of contracts currently out to tender across 54 proposals, the project’s developer The Red Sea Development Company (TRSDC) revealed in a press statement.
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Aviation Plans Set to be Revealed at Saudi Arabia’s Future Airport Development Summit Set for November in Riyadh
Saudi Arabia is set to launch a new event, the Saudi Airport Exhibition, which organizers are billing as the largest dedicated event for airport development in Saudi Arabia.
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SAMA Licenses Two More Fintech Companies, Bringing Total to 38
The Saudi Central Bank, also known as the Saudi Arabian Monetary Agency (SAMA), announced on its website that it has granted permits to two companies to provide open banking solutions, bringing the total number of permitted Fintech companies operating under its Regulatory Sandbox to 38.
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President Biden Concludes Trip to Saudi Arabia with Agreements to Cooperate on Range of Issues
President Biden concluded his trip to Saudi Arabia with a renewed partnership with the Kingdom, pledging to work together with Saudi leadership to achieve shared goals on a number of diplomatic, energy, and trade issues.
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Dr. Sean Foley joins The 966 to talk about a changing Saudi culture, art in the Kingdom and more, and looking ahead to Biden’s visit
In Episode 52, Dr. Sean Foley, professor at MTSU and author of the book Changing Saudi Arabia: Art, Culture, and Society in the Kingdom, joins The 966. Dr. Foley specializes in Middle East history and the cultural, political, and religious trends in the wider Islamic World.
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Report: Announcement on Steps Toward Normalization of Saudi-Israel Relations Expected during President Biden’s Visit to Saudi Arabia
Steps toward normalizing relations between Saudi Arabia and Israel are expected to be announced over the weekend after President Biden meets in Jeddah with Saudi King Salman and Crown Prince Mohammed bin Salman, according to a report in Axios, citing three Israeli officials.
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Report: U.S. Justice Department Investigating PGA Tour in Fight With Saudi-Backed LIV Golf
The Department of Justice is investigating whether the PGA Tour engaged in anticompetitive behavior as it battles the upstart, Saudi-backed LIV Golf circuit, the PGA Tour confirmed to The Wall Street Journal.
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For Netanyahu, Gaza’s ‘day after’ must wait
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Jordan foils arms plot as kingdom caught in Iran-Israel shadow war
Jordan has foiled a suspected Iranian-led plot to smuggle weapons into the U.S.-allied kingdom to help opponents of the ruling monarchy carry out acts of sabotage, according to two Jordanian sources with knowledge of the matter.The weapons were sent by Iranian-backed militias in Syria to a cell of the Muslim Brotherhood in Jordan that has links to the military wing of Palestinian group Hamas, the people told Reuters. The cache was seized when members of the cell, Jordanians of Palestinian descent, were arrested in late March, they said.
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Tiger: ‘progress made’ but ‘long way to go’ in PGA-Saudi talks
"We're working on negotiations with PIF. It's ongoing. It's fluid. It changes day-to-day," Woods said. "Has there been progress? Yes. But it's an ongoing negotiation so a lot of work ahead for all of us with this process. "We're making steps. It may not be giant steps, but we're making steps."
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Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board
When Jimmy Dunne joined the PGA Tour’s board in 2023, at the peak of its battle with LIV Golf, the Tour was adding a heavy hitter in both the golf and financial worlds. Dunne is a member at prestigious institutions such as Augusta National, the president of Seminole Golf Club and the senior managing principal at the investment bank Piper Sandler.
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Saudi Minister of Finance Participates in 2024 Qatar Economic Forum
His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will participate in the fourth edition of the Qatar Economic Forum, held in Doha May 14-16, 2024, as participants explore economic challenges and opportunities in the MENA region. During the first day of the Forum, Minister Aljadaan will participate in a panel discussion entitled "Reshaping Middle East Economies," along with His Excellency the Chairman of the Islamic Development Bank Group Dr. Muhammad Al Jasser, and the Qatari Minister of Finance Mr. Ali Al-Kuwari. The Forum will bring together more than 1,000 global policymakers and leaders from government and the private sector to discuss five themes: Geopolitics, Globalization & Trade; Energy Transition; Technology Innovation; Business & Investment Outlook; and Sports and Entertainment.
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Syria holds the key to improved US-Turkey ties
Turkish President Recep Tayyip Erdoğan was set to visit Washington in May after a long period of coldness between him and US President Joe Biden. While the cancellation officially occurred due to scheduling issues, disagreements over the Gaza conflict appear to have played a role in this decision. Despite recent momentum in US-Turkish relations, this situation underscores the fact that improving areas of cooperation is not enough to maintain the bilateral relationship.
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The nuclear fatwa that wasn’t—how Iran sold the world a false narrative
In a 2012 interview with local magazine Mehrnameh, Rouhani recounted the 2004 talks with the foreign ministers of France, Germany, and the United Kingdom, and claimed that he told them that Supreme Leader Ayatollah Ali Khamenei “has issued a fatwa and declared it forbidden to acquire a bomb. This fatwa is more important for us than the NPT [Nuclear Non-Proliferation Treaty] and the additional protocol. It is more important to us than any law.”
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Ras Ghamila: Saudi Arabia offers to buy Egyptian premium Red Sea area using deposits
Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from the Central Bank of Egypt, and the acquisition of several government companies, according to an Egyptian government source. The source, who works in the Ministry of Public Business Sector, the entity tasked with negotiating the deal, told Middle East Eye that Saudi officials offered to use the kingdom's deposits with the central bank (CBE), which amount to $10.3bn, an option favoured by the Egyptian side which will allow immediate access to foreign currency.
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Jeddah Historic District, Cruise Saudi team on sustainability strategies
Jeddah Historic District Program and Cruise Saudi plan to cooperate on how to handle more international cruise visitors while preserving historic sites and benefiting the community.
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Saudi Arabia executes two Syrian nationals for smuggling narcotics
Saudi Arabia has executed two Syrians over their alleged involvement in drug smuggling within the Kingdom, as the trafficking of narcotics from Syria continues to plague the region. According to the state-run Saudi Press Agency (SPA), the Ministry of Interior released a statement announcing the execution of two criminals of Syrian nationality on Saturday, 11 May, in the Kingdom’s north-western Tabuk region.
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