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  • Trees of the Gulf: Olive Trees and a Mediterranean Diet in the Desert

    Aside from the sea itself, there is nothing that defines Mediterranean culture and heritage more than the olive tree. While entrepreneurs and immigrants from the Mediterranean to places with similar climates, such as California and parts of Australia, have planted olive groves and developed small industries, olive oil from outside the Mediterranean is a niche product, rarely held in high regard. But Saudi Arabia is challenging the Mediterranean’s 6,000-year hold on olive oil on a grand scale.

  • Attackers kill 5, injure 22 at Turkish aviation site

    Two attackers killed five people and wounded 22 others on Wednesday in what Ankara called a terrorist attack at the Turkish Aerospace Industries headquarters, where witnesses said they heard gunfire and an explosion. Interior Minister Ali Yerlikaya said both attackers were killed after the attack, adding two of the injured are in critical condition. TV broadcasters showed footage of armed assailants entering the TUSAS building near Ankara.

  • Lebanon’s cash economy surge drives FATF grey-listing concerns

    Lebanon is set to be placed on a financial crime watchdog’s grey list this week, with experts pointing to the country’s expanding cash economy and parallel financial system as key drivers behind the designation, according to senior economists and sources familiar with the matter. The designation comes as Lebanon grapples with a complex web of challenges, including a widespread shift away from traditional banking following the 2019 financial crisis, which has created new vulnerabilities in the financial system.

  • BRICS Summit 2024: Key moments from day 1 of Kazan talks

    The opening day featured traditional performances and cultural exchanges. Putin is scheduled for approximately 20 bilateral meetings, including talks with Palestinian leader Mahmoud Abbas regarding Gaza. In addition, a significant Modi-Xi meeting is planned for Wednesday, their first since recent border tensions. The summit will conclude with the Kazan Declaration on Thursday, focusing on economic cooperation, alternative payment systems, and global challenges.

  • MBC Studios Head Zeinab Abu Alsamh on Training the Next Generation of Saudi Talent

    Prior to joining Saudi Arabia’s MBC Group in 2021, Zeinab Abu Alsamh, one of The Hollywood Reporter‘s 2024 Most Powerful Women in International TV, served as chief commercial officer of the Saudi Broadcasting Authority, where she was responsible for the programming strategies of its entire broadcast portfolio. At MBC Studios, the in-house premium content production arm of MBC Group, she oversees the production and development of new projects, while also serving as CEO of MBC Academy, which discovers and nurtures emerging talent.

  • Saudi Surgeon Honored for Performing the World’s First Fully Robotic Heart Transplant

    The award also commemorates his successful completion of the world’s first robotic heart transplant on a 16-year-old patient suffering from end-stage (Class IV) heart failure. This achievement represents a turning point in heart transplant surgery practices, with a medical approach that relies on minimal surgical intervention, thereby reducing pain, shortening recovery times, and minimizing the risks of complications.

  • Saudi FM arrives in Russia’s Kazan to attend BRICS summit

    Saudi Foreign Minister Prince Faisal bin Farhan arrived in Russia’s Kazan to head the Kingdom’s delegation at the BRICS summit as “a country which is invited to join the group,” Al-Ekhbariya said on Wednesday. Prince Faisal is representing King Salman at the meeting of around 20 world leaders. In a joint statement issued on Wednesday, the BRICS group said it was “deeply concerned about ongoing conflicts and instability in the Middle East and North African region.”

  • Al-Rajhi: 364000 Saudis join employment market for the first time in 2024

    Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi said that as many as 364000 Saudi citizens have joined the local employment market, for the first time, during the year 2024. Addressing the first dialogue session of the Global Health Exhibition in Riyadh on Monday, the minister revealed that a total of 50 decisions have been taken to localize qualitative jobs, during the past four years, including the professions of accounting, pharmacy, radiology, and that is in coordination with the Ministry of Health and Ministry of Investment.

  • Saudi Arabia Taps BlackRock to Build Mortgage-Backed Securities Market

    The country hopes developing a secondary market for mortgages would allow banks to offer borrowers lower interest rates and improve the cost of home ownership, BlackRock Inc. Chief Executive Officer Larry Fink said at a conference in Johannesburg. In August, BlackRock signed an agreement with Saudi Real Estate Refinance Company — the state-owned equivalent of Fannie Mae and Freddie Mac in the US — to develop the real estate finance market in the kingdom. “Spreads are much wider than if there was a securitization market,” Fink said. “It would be much narrower and the homeowners would benefit, so the cost of home ownership would go down.”

  • The World’s Largest Building Is Coming to Saudi Arabia

    Located in northwest Riyadh, Saudi Arabia, the forthcoming Mukaab skyscraper is just one component of a 19-square-kilometer project spearheaded by New Murabba and the country’s Public Investment Fund (PIF), according to the developers. Though far from the tallest building at a projected 1,312 feet upon completion, the structure is expected to handily take the title of the world’s largest by volume.