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  • Saudi Arabia Chases Gaming Dream With More Prize Money Than PGA

    The kingdom hopes the event, featuring 21 games from developers including Microsoft Corp.’s Activision Blizzard, Electronics Arts Inc. and Tencent Holdings Ltd.’s Riot Games, will be the biggest triumph yet in its mission to become a global epicenter for esports.

  • Burak Cukmak, Saudi Fashion Commission: ‘Saudi market opens up to contemporary men’s fashion’

    This country is always full of surprises and this is what is happening with the emergence of Saudi menswear ready-to-wear. The number one clientele in Saudi Arabia remains women, but there is a big appetite for menswear and potential market openings. Historically, Saudis dressed in a traditional way, but local life has changed a lot and there are more and more occasions to dress fashionably: festivals, events, concerts, exhibitions, etc.

  • Saudi Racing Returns With New 2024 Taif Season

    Racing in Saudi Arabia returned on Thursday with the start of the summer season from Taif. A total of 351 races will take place across 39 race meetings from King Khaled Racecourse, which has an altitude high enough to ensure cool temperatures suitable for racing during the summer months.

  • Bahrain and Iran Aim to Restore Ties

    Bahrain and Iran agreed June 23 to take steps aimed at restoring bilateral diplomatic ties. The tentatively worded statement, issued jointly by both countries’ foreign ministries, came after Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani met with his counterpart, acting Foreign Minister Ali Bagheri Kani, in Tehran on the margins of the Asian Cooperative Dialogue summit. It was Zayani’s second visit to Tehran within a month. Media accounts the following day reported the two sides had agreed to start talks also focused on the release of Iranian funds frozen in Bahrain since the kingdom cut relations in 2016, following attacks on Saudi diplomatic posts in Iran after the Saudi execution of opposition Shia cleric Nimr al-Nimr on terrorism charges.

  • Gaza ceasefire hopes rise as Israel says it will resume stalled negotiations

    Efforts to secure a ceasefire and hostage release in Gaza were gathering momentum on Friday after Hamas made a revised proposal on the terms of a deal and Israel said it would resume stalled negotiations. Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he would send a delegation to resume negotiations, and an Israeli official said his country's team would be led by the head of the Mossad intelligence agency.

  • Iranians vote in run-off presidential race amid widespread apathy

    Polls opened in Iran on Friday for a run-off presidential election that will test the clerical rulers' popularity amid voter apathy at a time of regional tensions and a standoff with the West over Tehran's nuclear programme. State TV said polling stations opened their doors to voters at 8 a.m. local time (0430 GMT). Polling will end at 6 p.m. (1430 GMT), but are usually extended until as late as midnight. The final result will be announced on Saturday, although initial figures may come out sooner.

  • Saudi Arabia’s Gaza Aid Threatened by Rafah Closure, Aid Official Says

    Saudi Arabia's main humanitarian agency said on Thursday the Israeli closure of Rafah and other crossings into Gaza was hampering its aid efforts to send lifesaving food, some of which was in danger of spoiling.

  • Saudi citizenship granted to selection of researchers, innovators, and specialists

    Saudi citizenship has been granted to a number of scientists, doctors, researchers, innovators, entrepreneurs, and people who have unique capabilities, expertise, and specializations, Saudi Press Agency reported on Thursday. The granting of citizenship was issued as part of a royal order granting Saudi citizenship to people with distinguished legal, medical, scientific, cultural, sports and technical expertise for the benefit of the nation in various fields.

  • Saudi’s PIF to invest US$500 million in Hong Kong Chaoshang

    SAUDI Arabia’s sovereign wealth fund Public Investment Fund (PIF) intends to invest US$500 million in Hong Kong Chaoshang Group, the investment holding company said on Thursday (Jul 4). The investment comprises US$100 million worth of convertible debentures, giving PIF the option to trade the investment for stocks in the company, and US$400 million in a five-year loan.

  • Goldman Says Israel, Saudi Arabia Risk Scores Worsen Most in EM

    Israel and Saudi Arabia saw their sovereign-risk scores worsen the most during the first half of the year as fiscal positions deteriorated in both countries, according to Goldman Sachs Group Inc. Israel’s war with Hamas and its drain on public finances led to the sharpest decline in sovereign-risk score in emerging markets during the first six months of 2024, according to Farouk Soussa, an economist at Goldman.