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  • Saudi King’s Widow Wins UK Suit for ‘Billionaire’s Row’ Mansion

    A widow of the late King Fahd Bin Abdulaziz Al-Saud of Saudi Arabia won a legal fight over a London mansion on a road known as ‘Billionaire’s Row’, in a ruling that gives a rare glimpse into the royal family’s inheritance dispute. A UK judge rejected a claim brought by Liechtenstein-based Asturion Foundation, which was set up in 1974 by the late king, to take control of assets including Kenstead Hall — a large house on the Bishop’s Avenue in north London — that’s worth “tens of millions” of pounds, according to previous filings in the case. The avenue is one of the most expensive streets in the capital.

  • Widow of Journalist Killed by Saudi Arabian Operatives Granted Asylum in US

    The widow of Jamal Khashoggi, the Washington Post columnist who was assassinated in 2018 by Saudi operatives in Turkey, has been granted political asylum in the United States, the newspaper reported Thursday. Hanan Elatr went into hiding in Washington after her husband was killed in an incident that U.S. intelligence officials concluded was ordered by Saudi Crown Prince Mohammed bin Salman.

  • Saudi Arabia Is the New China for Investors Hunting Down Growth

    Argyle says Saudi Arabia is still “very underrepresented” in investor portfolios even after the Tadawul index attracted net foreign inflows of over $3 billion this year. That’s a fraction of the $24 billion that poured in when the index joined the MSCI benchmark four years ago, but analysts say the volume will grow as reforms get under way.

  • Top Pentagon official for Middle East policy expected to step down

    Dana Stroul, the US deputy assistant secretary of defence for the Middle East, has indicated her intent to leave the Pentagon, a US defence official told The National.

    Ms Stroul, the top official for US policy in the region, has not yet made an announcement.

  • Saudi Aramco Enters Pakistan in Downstream Expansion Drive

    Saudi Aramco is entering Pakistan’s downstream market by acquiring a 40% stake in Gas & Oil Pakistan Ltd, one of the country’s largest retail and storage companies, as the oil giant seeks international downstream expansion and Saudi Arabia looks to invest more in its ally Pakistan. Saudi Aramco said on Tuesday it had signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO), a diversified downstream fuels, lubricants, and convenience stores operator. The transaction is subject to certain customary conditions, including regulatory approvals, the Saudi oil giant said.

  • Saudi Industrial Production Index down 12.3% in October

    Saudi Arabia’s Industrial Production Index (IPI) fell by 12.3% year-on-year (YoY) in October 2023, extending its downtrend for the sixth successive month.  Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI fell to 121.9 points in October, according to the base year 2010, compared to 139 points in the year-ago period.  Despite the continued increase in the manufacturing activity, and the electricity and gas supply activity, October’s decline in the mining and quarrying activity directly affected the general index due to its heavy weight in the index.

  • Cargo ship breaks down in Egypt’s Suez Canal and crashes into a bridge. Traffic is not disrupted

    A cargo ship broke down in Egypt's Suez Canal on Wednesday and crashed into a bridge over the crucial waterway, authorities said, adding that the incident did not disrupt traffic through the canal. Adm. Ossama Rabei, head of the Suez Canal Authority, said the Singapore-flagged One Orpheus went off course after its rudder broke down before ploughing into the Mansi Bridge, near the port city of Ismailia. The extent of the damage to both the ship and the bridge is unclear.

  • Continuing War Casts Long Shadow Over Egypt-Gaza Border

    Egypt’s Rafah border crossing with the besieged Gaza Strip has been a site of hope and despair in the unprecedented aftermath of Hamas’ deadly October 7 attack on southern Israel.

  • Manal AlDowayan to Represent Saudi Arabia at Venice Biennale

    We are proud to be showcasing Manal AlDowayan's work at the International Art Exhibition of La Biennale di Venezia,' announced Dina Amin, CEO of Saudi Arabia's Visual Arts Commission, in a statement today. Manal AlDowayan, an artist known internationally for her participatory installations, will represent her country at Saudi Arabia's fourth national pavilion in Venice. 'My approach to art over the last two decades has given me the chance to be part of a transformation that is taking place in my country,' said AlDowayan.

  • Oil Giant Aramco Drills Down on Saudi ICS Security

    "Our work with Dragos serves to accelerate our country's Vision 2030 objectives to foster economic relations with global partners and advance our digital economy," said Ahmad Al-Khowaiter, executive vice president of technology and innovation at Aramco, in signing the deal. The initiative comes a decade after Aramco infamously experienced a devastating malware attack that infected 35,000 of its computers for several hours. The incident led Aramco's IT team to sever the connection of every company computer and data center, making day-to-day operations impossible apart from oil production analog activities.