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  • Saudi business delegation lands in Pakistan for $2b investment talks

    A high-level Saudi delegation, headed by Khalid bin Abdulaziz Al-Falih, the Kingdom’s Investment Minister, arrived in Islamabad on Wednesday for a three-day visit aimed at finalising $2 billion in business-to-business (B2B) investment proposals.

  • Iran FM in Saudi for talks on Gaza, Lebanon

    Iranian Foreign Minister Abbas Araghchi travelled to Saudi Arabia on Wednesday for talks that were expected to cover efforts to end fighting between the Israeli military and Iran-backed groups in Gaza and Lebanon. "I hope that these consultations can lead to better conditions for Palestine and Lebanon and establish peace in the region," Araghchi told Iranian state television upon his arrival in Riyadh.

  • Analysis: Why has America failed to broker a Middle East ceasefire?

    Former Israeli prime minister Ehud Olmert says Biden’s diplomacy has amounted to an unprecedented level of support, pointing to the huge US military deployment, including aircraft carrier strike groups and a nuclear power submarine, he ordered in the wake of October 7. But he believes Biden has been unable to overcome the resistance of Netanyahu. “Every time he came close to it, Netanyahu somehow found a reason not to comply, so the main reason for the failure of this diplomacy was the consistent opposition of Netanyahu,” says Olmert.

  • Bahrain’s first bitcoin fund targets GCC investors

    The National Bank of Bahrain has launched its first bitcoin investment fund aimed at institutional investors in the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Developed in partnership with ARP Digital, the fund allows investors to gain exposure to bitcoin while ensuring full protection against potential losses, albeit with a cap on possible gains.

  • 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.