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  • Saudi deeptech Intelmatix scores $20 million Series A

    Founded in 2021 by a group of MIT graduates led by Anas Alfaris, Almaha Almalki and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability.

  • Israel claims to kill Hezbollah senior commander in Beirut strike

    Israel's military claimed it killed Hezbollah's most senior commander in an airstrike on Beirut on Tuesday, in retaliation for a cross-border rocket attack that killed 12 youngsters three days ago which it blamed on the Lebanese armed group. A loud blast was heard and a plume of smoke could be seen rising above Beirut's southern suburbs - a stronghold of the Iran-backed Hezbollah - at around 7:40 p.m. (1640 GMT), a Reuters witness said.

  • Oil Prices Soar After Israel Kills Hamas Leader and Hezbollah Senior Commander

    Israel’s defense minister, Yoav Gallant, said Hizbollah had “crossed the red line” with the attack, and days later launched three rockets into the Haret Hreik neighborhood in Beirut. Lebanon's Prime Minister Najib Mikati condemned "blatant Israeli aggression" and Iran’s foreign ministry condemned the attack as “a blatant violation of Lebanon’s sovereignty and territorial integrity”.

  • The Evolution of Bahrain’s Post-Pandemic Economic Philosophy

    Governments across the world continue to evolve their approaches regarding how involved they should be to best support the economy based on their own experience and in response to the emergence of new intellectual or academic theories. Bahrain reflects a microcosm of this general trend, as its economic strategy has gradually metamorphosed during the last 30 years. A key feature has been a transition to a more interventionist approach following the state’s successful management of the coronavirus pandemic.

  • Who was Ismail Haniyeh and why is his assassination a blow to Hamas?

    Ismail Haniyeh, the Hamas leader who was killed in Iran, was the tough-talking face of the Palestinian group's international diplomacy as war raged back in Gaza, where three of his sons were killed in an Israeli airstrike. But despite the rhetoric, he was seen by many diplomats as a moderate compared to the more hardline members of the Iran-backed group inside Gaza.

  • Inside story: The assassination of a Hamas leader in Tehran

    The Iranian capital was quiet at night after the July 30 inauguration of President Masoud Pezeshkian, which brought scores of foreign delegations to Tehran. But at 1:45 am local time, shocked residents in the affluent north of the city reported the sound of a loud explosion. Within hours, Iranian authorities confirmed that Ismail Haniyeh, the visiting leader of the Palestinian Hamas movement’s political bureau, had been assassinated. A regular visitor in recent years, Haniyeh was in Tehran to attend the inauguration of Pezeshkian.

  • Saudi Arabia’s Q2 GDP shrinks by an estimated 0.4% y/y

    Saudi Arabia's real gross domestic product (GDP) shrank 0.4% year-on-year in the second quarter, preliminary data by the government's statistical authority showed on Wednesday, driven by a 8.5% decline in oil activities which has limited overall growth for several quarters. GDP had decreased 1.7% in the first quarter of 2024, as cuts to oil production have continued to weigh on the major oil exporter's economy.

  • Saudi Arabia Is Near End of Economic Slump Lasting Four Quarters

    Forecasts compiled by Bloomberg show the $1.1 trillion economy is set to return to growth in the third quarter with a gain of almost 4%, in what would be the biggest acceleration since the end of 2022. “We expect this to be the last quarter of deeply negative hydrocarbon sector growth,” said Carla Slim, an economist with Standard Chartered Plc.

  • Saudi Cabinet session praises Kingdom’s 2034 FIFA World Cup bid

    The Saudi Cabinet on Tuesday praised the submission of Saudi Arabia’s bid to host the 2034 World Cup, Saudi Press Agency reported. In a session chaired by Crown Prince Mohammed bin Salman, the Cabinet said the hosting of the World Cup would show the Kingdom’s determination to present an exceptional version of the major sporting event. The bid was submitted to FIFA officials in Paris on Monday by a delegation headed by the Saudi minister of sports, Abdulaziz bin Turki bin Faisal, and President of the Saudi Football Federation Yasser Al-Misehal.

  • An insight into the activities of Saudi Arabia’s General Authority for Competition – highlights of its 2023 annual report

    The Authority carried out a staggering number of 548 dawn raids in 2023, meaning an average of 2.2 dawn raids every business day. The Authority investigated 442 entities and ultimately indicted 186 of them.