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  • Saudi Arabia’s Quantum raises investment from HearstLab

    Quantum, Saudi Arabia’s leading adtech and data platform that connects advertisers with publishers, announced today that it has secured funding as part of its $7 million Pre-Series-A round from HearstLab, the investment arm of Hearst Corporation dedicated to scaling early-stage, women-led tech startups. This marks HearstLab’s inaugural investment in the Middle East and underscores the rapid growth of Saudi Arabia’s tech ecosystem.

  • Palestinians See U.S. Response to Gaza as Failure

    In surveys conducted in July and August, Palestinians living in the West Bank and East Jerusalem were asked to what extent they agree that “the U.S. has made acceptable efforts to push for the safeguarding of civilians in Gaza.” Seven in 10 Palestinians surveyed (69%) strongly disagree, while 76% disagree overall. About one in 10 (11%) agree that the U.S. has done enough to protect civilians.

  • Diversions, disruptions: aviation grapples with Middle East escalation

    Rising tensions in the Middle East have created air travel chaos, with global airlines diverting or cancelling flights on Wednesday and regional airports, including Lebanon, Israel and Kuwait, showing long delays, according to FlightRadar24 data. Concern over travel disruption as the conflict intensifies also knocked shares in the travel and airline sectors. Iran launched its largest missile attack against Israel on Tuesday in retaliation for Israel's campaign against Iran-backed Hezbollah in Lebanon, prompting a threat from Israel of a "painful response".

  • Middle East again on edge after largest aerial attack ever launched against Israel

    Iran called these strikes a — quote — "legal, rational and legitimate response" to last week's strike that a U.S. senator said he used 2,000-pound American bombs to kill Hezbollah leader Hassan Nasrallah. Last night, Israel followed his death with its first conventional ground incursion into Lebanon in nearly 20 years. It also acknowledged hundreds of raids into Lebanon since last November, the country's largest special forces operation in history. Today, the military showed off the Hezbollah weapons that it captured that had threatened Israeli towns along the border.

  • Israel plans massive Iran payback with Middle East on edge

    Israeli officials staring down all-out regional war tell Axios Israel will launch a "significant retaliation" to Tuesday's massive missile attack within days that could target oil production facilities inside Iran and other strategic sites.Many Israeli officials point to Iran's oil facilities as a likely target, but some say targeted assassinations and taking out Iran's air defense systems are also possibilities.

  • Oil prices jump more than 3% as Middle East tensions escalate

    Oil prices climbed more than 3% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran's biggest ever military blow against Israel. Brent futures reached their highest in a month, leaping $2.42, or 3.3%, to $75.98 a barrel. U.S. West Texas Intermediate (WTI) crude spiked $2.47, or 3.5%, to $72.30 at 1050 GMT. Both crude benchmarks on Tuesday surged more than 5% before closing around 2.5% higher.

  • GCC airlines adjust travel routes amid Israel-Iran tensions

    Several airlines operating in the Gulf have adjusted their flight routes to ensure passenger safety following Iran’s attack on Israel. Neighboring countries have closed their airspace and airline crews are navigating alternative routes to avoid the escalating conflict

  • Saudi Arabia hopes for de-escalation in Middle East, economy minister says

    Saudi Arabia is hoping for de-escalation and dialogue, Economy Minister Faisal al-Ibrahim said on Wednesday, when asked at a conference in Berlin about the situation in the Middle East following Iran's missile attack against Israel. Al-Ibrahim called the escalation unfortunate but said it was very hard to avoid discussing. "We hope that wisdom will prevail, de-escalation will happen, dialogue will come into place and more

  • Israel kills dozens in Gaza, sends tanks into southern areas, medics say

     Israeli military strikes across the Gaza Strip killed at least 60 Palestinians overnight, including in a school sheltering displaced families, medics said, as Israeli tanks advanced in areas of Khan Younis in the south of the enclave. Israeli tanks carried out a raid on several areas in eastern and central Khan Younis in the southern Gaza Strip, before partially retreating, leaving at least 40 people killed and dozens wounded, according to the official Voice of Palestine radio and Hamas media.

  • Israel reinforces military presence in Lebanon as Hezbollah reports clashes with troops

    The Israeli military said on Wednesday that regular infantry and armoured units were joining its ground operations in Lebanon, stepping up pressure on foe Hezbollah, as it prepared to retaliate against Iranian missile strikes. Already battling Hamas in Gaza, Israel is beefing up its presence in south Lebanon in its conflict with Hezbollah a day after it was attacked by Iran, raising fears the oil-producing Middle East could be engulfed in a wider conflict.