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  • Aid group warns that 700,000 children in Syria risk hunger

    An additional 700,000 children in Syria face hunger because of the country’s badly damaged economy and the impact of coronavirus restrictions, an international aid group warned Tuesday. Save the Children said the new figures mean that in the last six months, the total number of food-insecure children across the country has risen to more than 4.6 million. After nearly a 10-year conflict that killed some 400,000 and displaced half the country’s population, Syria’s economy has been badly harmed by the war as well as by widespread corruption, Western sanctions and a severe economic and financial crisis in neighboring Lebanon.

  • Carrier-launched airstrikes hit ISIS targets in Iraq as USS Nimitz patrols Persian Gulf

    For the first time in over two years, carrier-launched U.S. aircraft conducted an airstrike against Islamic State targets in support of Operation Inherent Resolve, the global coalition battling the terrorist group in Iraq and Syria. A pair of Navy F/A-18F Super Hornets from Carrier Air Wing 17, embarked on the USS Nimitz, conducted the strikes on Sept. 23, Cmdr. Rebecca Rebarich, a spokeswoman for the Bahrain-based 5th Fleet, confirmed via email on Monday.

  • Introducing: Saudi Arabia’s female bodybuilders [Video]

    "Bodybuilding was a frowned upon sport for women in Riyadh and Gulf countries, but nowadays everyone is taking an interest in it and everyone wants to be a bodybuilder. Even girls who thought that weightlifting is masculine or only for men. Now everybody is lifting, and it's an amazing sport."

  • How Big is Iran’s Oil Export Recovery?

    The export estimates of the three tracking firms for September ranged from 400,000 to 1.5 million bpd, reflecting the difficulties in following shipments as Iran and its purchasers try to evade sanctions.

  • Saudi Arabia Extends Covid Salary Aid Program in Reduced Form

    Saudi Arabia extended by three months a stimulus program to help businesses still struggling to recover from the effects of Covid-19 but rolled back its scope, in a first test of how the economy will respond as support measures introduced at the height of the pandemic wind down. The initiative, which was due to expire in October, will now continue until January and will support half of all Saudis working in an organization still affected by coronavirus, sectors including travel, sports and entertainment, the General Organization for Social Insurance said in a statement Tuesday. The program originally covered 70% of Saudi employees in firms with over five workers, and applied to a wider swath of activities across the private sector.

  • Saudi Vehicle Imports Fell to Record Low After VAT Hike: Chart

    Saudi Arabia’s vehicle imports plummeted in July to the lowest level since 2015 -- the earliest data available -- after the government tripled its value-added tax. Imports of vehicles, aircraft, vessels and associated transport equipment fell 64% year-on-year to 3.9 billion riyals ($1 billion), and by over a quarter from the previous month.

  • Afghan official Abdullah on key Pakistan trip in bid for peace

    Relations between Pakistan and Afghanistan have long been rocky, with Afghanistan and its international allies for years accusing Pakistan of backing Taliban rebels as a way to limit the influence of its rival India in Afghanistan.

  • AMC Saudi Arabia CEO upbeat about cinema prospects amid-COVID-19

    There are five AMC cinemas open in the Kingdom, with plans for three more to be opened through 2020. Despite people spending the better part of 2020 at home, AMC has opened three cinemas this year alone, with one cinema each being opened in 2018 and 2019.

  • Perspective: What BP’s Claim of an End to Peak Oil Demand Means for Gulf Producers

    Unlike BP, the raison d’etre of Saudi Aramco, Qatar Petroleum, the Abu Dhabi National Oil Company, and the Iraqi Ministry of Oil is to be stewards of national hydrocarbon wealth. Yet they have now to lay out a path compatible with a carbon-neutral world around mid-century. That may seem distant, but oil fields or refineries developed today will still be operating then.

  • S&P affirms Saudi Arabia’s rating at ‘A-/A-2’ with stable outlook

    The credit ratings agency said in a statement that the Kingdom’s strong net asset-stock position continues to be a major support for its ratings. Meanwhile, the agency lowered its forecast for Saudi economy to shrink from 5% to 4.5% in 2020.