MUST-READS

• Saudi photographer’s winning shot and the stories behind it

  Raed Abdullah Al-Maliki, a Taif native, developed a love for photography from a young age, particularly in documenting family events, eventually earning him a reputation as the family photographer. Al-Maliki holds a bachelor’s degree in physical education from Umm Al-Qura University and currently serves as an employee at the Ministry of Education.

• Two UK men found not guilty over bribes for Saudi military deals

  The former managing director of an Airbus subsidiary was acquitted in a London court on Wednesday of bribing senior Saudi Arabian officials, after a trial in which the British government was accused of involvement in the alleged corruption. Jeffrey Cook, who ran GPT Special Project Management, had been charged with overseeing corrupt payments to middlemen to obtain lucrative deals with the Saudi Arabian National Guard.

• Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

  The two energy giants are trying to exploit their fossil fuel resources while they can and with demand for the chilled fuel expected to grow by 50% by 2030, they are tapping opportunities in the United States which has become the world's biggest exporter of LNG as it sends record volumes to Europe. Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure's Port Arthur LNG project in Texas, which represents a proposed expansion to the already producing first phase, the sources said, declining to be identified due to the sensitivity of the matter.

• F1’s George Russell calls for transparency after report FIA president sought to overturn penalty

  Mercedes driver George Russell has called for transparency following a report alleging that the president of Formula 1’s governing body intervened to overturn a penalty last season. Russell finished fourth behind Fernando Alonso in last year’s Saudi Arabian Grand Prix but was briefly upgraded to third when Alonso was given a 10-second penalty because Aston Martin’s pit crew touched the car with a jack while serving an earlier penalty. That ruling was later overturned.

• A year ago, Beijing brokered an Iran-Saudi deal. How does détente look today?

  Given how hostile Iranian-Saudi relations were in the years leading up to the March 2023 agreement, such restoration of diplomatic ties was significant. Until a year ago, there were no diplomatic relations between the two countries since Riyadh severed ties with Tehran in January 2016, in response to attacks on Saudi diplomatic missions in Tehran and Mashhad following the execution of Shia cleric Nimr Baqir al-Nimr. The Saudi state’s killing of this cleric raised sectarian temperatures in the Middle East. It drastically heightened friction in Tehran-Riyadh relations, which had steadily deteriorated against the backdrop of armed conflicts and political crises in Bahrain, Iraq, Lebanon, Syria, and Yemen in the aftermath of the 2011 Arab Spring. 

• Saudi bourse gains on Fed rate cut signal; ex-dividend stocks pull down Dubai, Qatar

  The Saudi Arabian stock market rose in early trade on Thursday as the U.S. Federal Reserve Chair said he expects interest rate cuts later this year, while bourses in Dubai and Qatar were weighed down by stocks trading ex-dividend. In remarks prepared for delivery to the House Financial Services Committee, Fed Chair Jerome Powell said that continued progress on inflation "is not assured," though the central bank still expects to reduce its benchmark interest rate later this year.

• Gaza ceasefire talks at an impasse as humanitarian crisis deepens

  Hamas stuck to its terms for a ceasefire deal and hostage exchange with Israel on Wednesday after the United States said truce talks in Cairo were "in the hands of" the Palestinian militant group. Negotiators from Hamas, Qatar and Egypt - but not Israel - are in Cairo trying to secure a 40-day ceasefire in the war between Israel and the Islamist group in Gaza in time for the Muslim fasting month of Ramadan, which begins early next week.

• Millions of Sudanese go hungry as war disrupts food supply

  A mother who skips meals so there is enough food for her two children. A 60-year-old man who eats one meal a day – a lump of dough made of flour and water. People venturing out from their homes in a desperate search for food at the risk of being hit by artillery shells. Dozens of accounts like these gathered by Reuters show how many people are going hungry in parts of Sudan worst hit by the war that erupted last April, including areas in the capital Khartoum and in the western region of Darfur. The number of Sudanese facing emergency levels of hunger – one stage before famine – has more than tripled in a year to almost five million, according to the Integrated Food Security Phase Classification, a globally recognized food security index, opens new tab.

• Saudi Arabia mulls investment office in Brazil

  The Saudi government announced on Tuesday that it is considering opening an office of its Investment Ministry in Sao Paulo, with the aim of boosting trade and business with Brazil. The announcement was made during the Brazil Saudi Arabia Conference, which gathered a delegation of around 70 Brazilian businesspeople and officials, Saudi Deputy Investment Minister Ibrahim Al-Mubarak and the executive director of the ministry, Waleed Al-Rubaie. The event program included a visit to the Saudi Public Investment Fund.

• Will Saudi Arabia scrap SR400 fee imposed on expat dependents?

  Saudi Arabia is reconsidering a monthly fee levied on expatriates’ dependents as the kingdom is seeking to attract foreign talents to boost Saudi economy, a government minister has disclosed. “The decision to impose the fees on dependents was necessary because they benefited from the state subsidies on water, electricity, etc,” Saudi Minister of Finance Mohammed Al Jadaan said.

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