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  • GCC-New Zealand trade volumes reach $3.3bln

    The volume of trade between member states of the Gulf Cooperation Council (GCC) and New Zealand amounted to $3.3 billion in 2021, according to data from the GCC Secretariat. Exports from the GCC made up over 60 per cent of this figure, amounting to $2.1 billion, which represents a 70-per cent jump in exports of $1.3 billion during the previous year.

  • Wego reveals most popular winter travel destinations for GCC travelers

    With the end-of-year travel season fast approaching, residents and expats in the GCC are making plans for vacations or trips back home. According to Wego’s search data so far, Cairo is the most popular city for GCC travelers. Jeddah, Istanbul, Cochin, Bangkok, Lahore, London, Dubai, and Kuwait round out the top ten most-searched cities.

  • Commentary: Israel and Hamas Are Kidding Themselves

    Hamas is far from being destroyed; its fighters are popping up in areas across the Gaza Strip that months ago the Israeli military had declared pacified and abandoned. Israel is now playing whack-a-mole with militants who emerge for quick attacks before disappearing. When Israel strikes back, it usually leaves a pile of dead civilians behind. Hamas can likely keep this dynamic going for a decade or two—and in doing so, stake its claim to Palestinian leadership by waving the bloodied shirt of martyrdom and preaching the virtues of armed struggle against occupation.

  • Saudi Arabia executes Filipino convicted of murder despite Philippine presidential appeal

    A Philippine official with knowledge of the case, however, said the Filipino was arrested by Saudi Arabian authorities in 2020 after being accused of the killing. The death penalty was handed down with finality last year and the execution was carried out on Saturday, the official said. The Department of Foreign Affairs in Manila said the Philippine government provided legal help “and exhausted all possible remedies, including a presidential letter of appeal” to try to stop the execution, but that the victim’s family had refused to accept “blood money,” a financial settlement to secure forgiveness.

  • Saudi Arabia’s PIF cuts stake in Nintendo after report said it was considering increase

    Saudi Arabia’s Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom’s mammoth sovereign wealth fund said it was considering upping its stake. The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing on Tuesday. Nintendo has been grappling with a slowing console gaming market and an aging product by way of its flagship Switch hybrid console — its best-selling gear ever, which sold 143.4 million units worldwide. At seven years old, it’s lost some of its sheen, as gamers look to more advanced machines from the likes of Microsoft and Sony.

  • One Year After October 7: Assessments and Implications

    October 7, 2024 marks the one-year since the Hamas attack on Israel that killed some 1,200 people and precipitated the ongoing Israeli genocidal war on Gaza that thus far has killed almost 42,000 Palestinians and injured some 96,000 others. It is also a year since Hezbollah began what it called a war of support for Hamas, with the goal of alleviating the pressure on the group and on the Gaza Strip as a whole by attacking Israeli positions on the Lebanon-Israel border. Over the past twelve months, the Israeli war on Gaza has displaced almost the Strip’s entire population, with Israeli military operations repeatedly forcing Gazans to relocate from one locale and city to another.

  • Saudi Crown Prince ‘reassured everyone’ about King Salman’s health

    Saudi Arabia’s Crown Prince Mohammed bin Salman “reassured everyone about the health of the King” during a cabinet meeting on Tuesday, state media reported, after the royal court said on Sunday King Salman bin Abdulaziz would undergo medical tests for a lung inflammation. Earlier this year, King Salman visited King Faisal Specialist Hospital in Jeddah after completing a routine checkup. Citing a statement from the Royal Court, state-media report said at the time that the Saudi leader was admitted “to conduct routine examinations which will take several hours.”

  • In Jerusalem, US Senator Graham urges Israel-Saudi normalisation before year end

    Prominent U.S. Republican Senator Lindsey Graham urged Saudi Arabia and Israel on Tuesday to establish diplomatic ties by the end of the year, warning that the next U.S. administration is unlikely to be able to secure enough votes to support the deal. The Biden administration is seeking to broker a normalisation accord between the two countries that would include U.S. security guarantees for Gulf state Saudi Arabia, among other bilateral deals between Washington and Riyadh.

  • Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman

    Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday to review U.S. efforts to promote security in the Middle East. The Secretary underscored the United States' longstanding commitment to the Kingdom of Saudi Arabia's defense and the importance of the U.S.-Saudi defense partnership to regional security. The Secretary and the Minister committed to continued close bilateral cooperation to enhance deterrence against shared threats, including from Iran and Iran-backed groups, and the Secretary thanked Saudi Arabia for its efforts to promote calm in the region. The leaders discussed the need for all parties to contribute to a restoration of stability and responsible governance in Lebanon. The Secretary underscored that the United States maintains significant capability in the region to support the defense of U.S. regional partners, protect U.S. personnel, and deter aggression.

  • Saudi Arabia to funnel at least $10bn into low-carbon hydrogen via ‘new’ subsidiary: report

    And some investments from ESC are set to be made with state oil firm Saudi Aramco, which is currently tasked with delivering the kingdom’s ambitions to deliver 15% of the world’s blue hydrogen (made with fossil gas and carbon capture and storage). The obscure subsidiary has no visible web presence but appears to have been in existence since at least June last year, when PIF congratulated it on becoming a 6% shareholder in German electrolyser maker Thyssenkrupp Nucera, which is 50% owned by its holding company Thyssenkrupp AG.