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  • Bodies trapped in Gaza City under Israeli assault as mediators push for truce

    Residents of Gaza City were trapped in houses and bodies lay uncollected in the streets under an intense new Israeli assault on Thursday, even as Washington pushed for a peace deal at talks in Egypt and Qatar. Hamas militants say a heavy Israeli assault on Gaza City this week could wreck efforts to finally end the war just as negotiations have entered the home stretch. Home to more than a quarter of Gaza's residents before the war, Gaza City was destroyed during the first weeks of fighting last year, but hundreds of thousands of Palestinians have returned to homes in the ruins. They have now once again been ordered out by the Israeli military.

  • Coffee is getting more expensive thanks to climate change

    The price of a standard contract — a 100-piece lot of 60-kilogram bags — topped $300 on Tuesday before settling slightly lower. The commodity is up nearly 28% for the year and 56% compared to a year ago. Like with cocoa, coffee harvests are shrinking because of climate change. The Wall Street Journal reported earlier this year that soaring global temperatures and fluctuating rainfall patterns are making it harder for traditional exporting nations like Vietnam, Indonesia, and Brazil to maintain harvest levels.

  • Saudi Arabia Continues Airdrop Operations of Quality Food Aid to Gaza in Cooperation with Jordan

    The Kingdom of Saudi Arabia, through the King Salman Humanitarian Aid and Relief Centre (KSrelief), has continued airdrop operations of quality food aid for those affected in the Gaza Strip, in cooperation with the Hashemite Kingdom of Jordan. A food airdrop operation was conducted yesterday in the Al-Mawasi area west of Khan Younis in southern Gaza, in collaboration with the Jordan Armed Forces-Arab Army, aiming to break the blockade imposed by Israeli occupation forces on the land border crossings.

  • Saudi Arabia and Syria resume regular flights as thaw with Assad advances

    A passenger plane operated by Syria’s national airline landed at Saudi Arabia’s King Khalid International Airport on Wednesday, marking the resumption of regular commercial flights between the two countries after a hiatus of more than 10 years. The state-owned Riyadh Airports Company organized a ceremony at the Saudi airport to welcome the Syrian Airlines flight, in the presence of Syria’s ambassador to Saudi Arabia, Ayman Soussan, and a number of Saudi officials in the air transport sector, Syria's official news agency SANA reported.  

  • Nike’s first campaign in Saudi Arabia: ‘What if you can?’ video goes viral

    Sportswear giant Nike has come out with its first campaign in Saudi Arabia and the online commercial ‘What if you can?’ has created a lot of buzz on social media. The one-minute and 35-second video is aimed at inspiring young girls in conservative Saudi Arabia to back their potential and take up a sport. The online campaign has already amassed more than 37 million views on YouTube. It opens with schoolgirls playing a game of football and the ball stops at a female student sitting on the steps of a school. One of the students asks her in Arabic, ‘Want to play? Let’s go’.

  • SAMA Regulations Enhancing Saudi Islamic Banks’ Transparency, Sharia Governance

    Islamic finance-specific rules issued by the Saudi Central Bank (SAMA) over 2020–1H24 are enhancing Islamic banking regulations to some extent, says Fitch Ratings, through better transparency and reporting requirements, standardisation and sharia governance, and increased consumer confidence in the products’ sharia-compliance. While the Saudi Islamic banking market is the largest globally, and we expect the operating environment to be favourable over 2H24–2025, persisting issues include low standardisation, still-developing Islamic-finance regulations, and fragmented disclosures.

  • Middle East crises loom in background as NATO leaders gather in Washington

    While this year's summit is expected to focus largely on the ongoing war in Ukraine, Iran's military support for Russia and Turkey's strategic balancing act with Moscow are expected to weigh on NATO leaders gathered in Washington.
    Read more: https://www.al-monitor.com/originals/2024/07/middle-east-crises-loom-background-nato-leaders-gather-washington#ixzz8faCZA4X1

  • Opinion: Normalization with Saudi Arabia is a golden opportunity for Israel

    Normalization will lead to the establishment of a regional security alliance and the reversal of the negative strategic trends for Israel since October 7. The moderate alliance will stand up against Iran and the resistance camp and open the door to PA participation while establishing a governing alternative to Hamas in the Gaza Strip and renewing a political process in the Israeli-Palestinian conflict arena.

  • Tadawul: Net foreign buys up to SAR 11.4B in H1 2024, Saudis net buyers of SAR 11B

    Foreign investors were net buyers of about SAR 11.43 billion worth of stocks on the Saudi Exchange (Tadawul) in H1 2024, registering a hike of 50% from SAR 7.63 billion in H1 2023, according to data issued by Tadawul.

  • Saudi Arabian court jails teacher for 20 years for tweets

    A Saudi Arabian man has been sentenced to 20 years in prison on charges related to his social media activity, the organisation Human Rights Watch (HRW) reported on Tuesday. On 29 May, Asaad al-Ghamdi, a 47-year-old teacher, was convicted by Saudi Arabia’s counter-terrorism tribunal of “challenging the religion and justice of the King and the Crown Prince”, and “publishing false and malicious news and rumours”.