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  • Israeli officials say they seek to avoid all-out war in Lebanon retaliation

    Israel wants to hurt Hezbollah but not drag the Middle East into all-out war, two Israeli officials said on Monday, as Lebanon braced for retaliation after a rocket strike that killed 12 children and teens in the Israeli-occupied Golan Heights. Two other Israeli officials said Israel was preparing for the possibility of a few days of fighting following Saturday's rocket strike at a sports field in a Druze village.

  • First AI Center in Saudi Banking sector Introduced by Riyadh Bank

    Riyad Bank has marked a significant milestone in Saudi Arabia’s digital banking landscape with the inauguration of the Center of Intelligence, the kingdom’s pioneering artificial intelligence (AI) hub within the banking sector. This innovative initiative, unveiled on July 23, underscores the bank’s commitment to advancing operational efficiency and enhancing customer experiences through cutting-edge AI technologies. 

  • Temporary ban on Brazilian poultry imports will not impact Saudi market, says committee

    The National Committee of Poultry Producers at the Federation of Saudi Chambers has downplayed the impact of the temporary ban on importing poultry products from Brazil due to the outbreak of Newcastle disease on the Saudi market. The committee's chairman, Mohammed Al-Shaya, stated that the temporary ban from Brazil would not significantly affect the quantities available in the Saudi market or the prices. This is because the Kingdom relies on local production to meet its market needs for both fresh and frozen poultry.

  • When the Taliban Took Kabul, She Fled, and Made a New Life in New York

    Now, almost three years later, she has been able to build a new life in New York City because of an audacious escape plan hatched by law professors thousands of miles from Afghanistan. Her story is one of liberation — from the Taliban, who were notorious for oppressing women — but also of loss for what she and other promising young people could have done for their home country had they not felt their lives were in danger.

  • Diriyah: The Historic Heart of Saudi Arabia will Transform Urban Living

    This is without a doubt the biggest project I have ever worked on. I have worked with some of the biggest developers in the region in the past – but nothing of the size, scale and ambition of Diriyah. When you consider our starting point is as the custodian of the birthplace of the modern Saudi state and its 300-year-old heritage – we have an enormous responsibility to ensure that we preserve the past, embrace the present and create a dynamic new future.

  • Saudi and World Bank officials discuss economic cooperation

    Saudi Minister of Economy and Planning Faisal Alibrahim met on Thursday with World Bank Group President Ajay Banga. During the meeting, both sides discussed regional and global economic challenges and explored opportunities to enhance cooperation between Saudi Arabia and the World Bank.

  • Global cyber outage grounds flights, hits banks, telecoms, media

    A software update wreaked havoc on computer systems globally on Friday, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike (CRWD.O), opens new tab appeared to be the trigger, affecting customers using Microsoft's (MSFT.O), opens new tab Windows Operating System. Microsoft said later on Friday the issue had been fixed.

  • Saudi Arabia emphasizes commitment to chemical weapons ban

    Saudi Ambassador to the Netherlands and Permanent Representative to the Organization for the Prohibition of Chemical Weapons, Ziad Al-Attiyah, reaffirmed Saudi Arabia’s commitment to enhancing international cooperation to prohibit all weapons of mass destruction and prevent their proliferation.

  • Pakistan to ban Imran Khan’s party, file treason case against ex-PM

    Pakistan is planning to ban former Prime Minister Imran Khan's political party and move the country's top court to press treason charges against him, the information minister said on Monday. The move to ban Pakistan Tehreek-e-Insaf (PTI) was based on the proven charge of the party receiving foreign funds from sources that are illegal in Pakistan, as well as rioting by the supporters last year that targeted military installations, Minister Attaullah Tarar said.

  • SAMA Regulations Enhancing Saudi Islamic Banks’ Transparency, Sharia Governance

    Islamic finance-specific rules issued by the Saudi Central Bank (SAMA) over 2020–1H24 are enhancing Islamic banking regulations to some extent, says Fitch Ratings, through better transparency and reporting requirements, standardisation and sharia governance, and increased consumer confidence in the products’ sharia-compliance. While the Saudi Islamic banking market is the largest globally, and we expect the operating environment to be favourable over 2H24–2025, persisting issues include low standardisation, still-developing Islamic-finance regulations, and fragmented disclosures.