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  • In Sudan’s catastrophe, food runs out as guns flow freely

    One of the worst famines in decades is on the verge of breaking out in Africa’s third-largest country. Sudan is in the grips of more than 15 months of ruinous civil strife that’s led to untold calamity and horror. Though casualty figures are far from clear, the top U.S. envoy to the region recently suggested that some 150,000 people may have been killed since the conflict between two rival warlords exploded last year. Now, the United Nations claims that some 750,000 people are on the brink of starvation. Western officials liken what’s unfolding to the famine in Somalia in 2011, where a quarter of a million people died, half of whom were children.

  • Don’t bomb Beirut: U.S. leads push to rein in Israel’s response

    The United States is leading a diplomatic dash to deter Israel from striking Lebanon's capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said. Washington is racing to avert a full-blown war between Israel and the Iranian-backed Lebanese movement Hezbollah after the attack on the Israeli-occupied Golan killed 12 youths at the weekend, according to the five people who include Lebanese and Iranian officials plus Middle Eastern and European diplomats.

  • GAFT Heads Saudi Team at GCC-Türkiye Free Trade Negotiations

    The General Authority of Foreign Trade (GAFT) -- represented by GAFT Deputy Governor for International Organizations and Agreements and head of the Saudi negotiating team Farid bin Saeed Al-Asali -- led the Kingdom's delegation participating in the first round of negotiations of a free-trade agreement (FTA) between the Gulf Cooperation Council (GCC) countries and Türkiye, held in Ankara July 29 to 31.

  • Saudi Arabia formally bids to host FIFA World Cup 2034

    Saudi Arabia has officially submitted its bid to host the Fifa World Cup 2034. The bid books will be published after the official deadline ends on July 31, the football governing body said in a statement. Saudi officials, including sports minister Prince Abdulaziz bin Turki Al Faisal and Saudi Arabian Football Federation president Yasser Al Misehal, handed the bid book to Fifa.

  • Abu Dhabi Investor Backs AI Firm Founded by Saudi MIT Graduates

    Shorooq teamed up with other public and private institutions including Saudi Venture Capital Company, Saudi Technology Ventures and Olayan Financing Company in what it described as the largest Series A investment for an AI firm in the Middle East and North Africa. The funds will be used to develop the firm’s product offering and geographical expansion, according to a statement.

  • LME approves Saudi port as warehouse delivery point

    The London Metal Exchange (LME) has approved Red Sea port city Jeddah in Saudi Arabia as a warehouse delivery point for copper and zinc, it said on Monday. The exchange said the listing will become active three months after the first warehouse company has been approved in the new location. Warehouses registered with the LME, the world's largest and oldest metals trading venue, are usually located in areas of net metals consumption or top transit hubs such as Rotterdam.

  • A day of chaos in Israel as far-right protesters storm military bases

    Israel experienced hours of chaos on Monday after far-right protesters encouraged by ultranationalist politicians from the governing coalition broke into a military base where Hamas militants are detained and another base hosting the Israel Defense Forces military court.

  • Oil prices stabilise after Golan Heights attack

    Oil prices were stable on Monday as fears of a widening conflict in the Middle East after a rocket strike in the Israeli-occupied Golan Heights put a floor under last week's price losses. Brent crude futures gained 7 cents, or 0.09%, to $81.20 a barrel at 1007 GMT. U.S. West Texas Intermediate (WTI) crude futures rose by 1 cent, or 0.01%, to $77.17. The Brent and WTI benchmarks lost 1.8% and 3.7% respectively last week on sagging Chinese demand and hopes of a Gaza ceasefire agreement.

  • How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry

    Saudi Arabia has witnessed a remarkable transformation in its fashion industry in recent years, emerging as a vibrant and dynamic regional hub of creativity. Now, thanks to the power of artificial intelligence, more opportunities are fast emerging. With a blend of traditional influences and modern innovation, Saudi designers have been captivating global audiences, redefining cultural norms, and showcasing the Kingdom’s rich heritage through contemporary fashion.

  • Unearthing the transformative potential of Saudi Arabia’s mining sector

    Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transforming into a leading exporter of diverse energy types, shifting away from its traditional role as an oil producer.

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