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  • Taliban announce three-day ceasefire in Afghanistan for Eid al-Adha, starting Friday

    Disagreements over a prisoner exchange and the violence have delayed peace talks between an Afghan government-mandated committee and the Taliban, as envisaged in an agreement signed between the United States and the militant group in Doha in February.

  • Israel ‘thwarts Hezbollah infiltration from Lebanon’

    Israel's military has opened fired on Hezbollah militants who were trying to "infiltrate our territory", PM Benjamin Netanyahu has said. The Israel Defense Forces (IDF) said up to four militants crossed the border in the Mount Dov area, part of the Israeli-occupied Syrian Golan Heights. A Hezbollah statement said it had not engaged in any clashes, instead blaming a "nervous" enemy. The area has been tense for days after the death of a Hezbollah fighter.

  • Egypt and Sudan criticize Ethiopia at start of new Nile dam talks

    Egypt and Sudan criticized Ethiopia for what they called unilateral filling of its Blue Nile dam at a new round of talks that kicked off on Monday to regulate the flow of water from the huge project. Sudan and Egypt both fear the $4 billion hydroelectric dam could lead to water shortages in their own countries. The Blue Nile is a tributary of the Nile, from which Egypt’s 100 million people get 90% of their fresh water.

  • Investors rush to Saudi start-ups; funding up 102% despite COVID-19

    From January to June this year, the kingdom’s start-ups raised a record high of $95 million in funding, up by 102 percent compared with the same period last year. The increase in capital inflows into the start-up ecosystem in Saudi is significantly higher than what the rest of the region has reported during the same period, according to the data compiled by MAGNiTT and INSEAD.

  • Saudi Arabia’s Amlak International reports 21% jump in second-quarter net profit on higher revenue

    Set up in 2007, Amlak International is a non-bank lender, mainly providing property loans. It is licensed by the Saudi Arabian Monetary Authority to provide Sharia-compliant lending to corporate, high net-worth and individual clients. Amlak started trading on the Tadawul earlier this month after completing its initial public offering.

  • Saudi Arabia establishes theater and performing arts board

    The Saudi Ministry of Culture announced on Saturday the establishment of the board for Theater and Performing Arts Authority. It will be headed by Minister of Culture Prince Badr bin Abdullah bin Farhan. The five-member board is tasked with taking the necessary decisions to achieve the goals of the authority and oversee the implementation of its strategies.

  • Saudi Arabia’s NCB reports drop in second quarter profit on higher operating expenses

    Saudi Arabia’s National Commercial Bank (NCB), the kingdom's biggest lender by assets, reported a 22 per cent drop in its second-quarter profit as total operating expenses including impairments for bad loans climbed and operating income decreased. Net profit for the three months ending June 30 declined to 2.09 billion Saudi riyals (Dh2.05bn), the lender said in a statement to the Tadawul stock exchange, where its shares trade. Operating income during the period slid 5.6 per cent to 4.76bn riyals.

  • Qiddiya-KAUST partnership to boost careers for Saudi students

    The Qiddiya Investment Company, in partnership with the King Abdullah University for Science and Technology (KAUST), has held two remote interactive conferences for the university’s students aimed at helping them bridge the gap between education and employment.

  • US Democratic Party Rules Out Regime Change In Iran And Supports Nuclear Deal

    The Iran policy part of a new draft of Democratic Party's 2020 platform which calls for "a responsible end to forever wars" has received mixed reactions in the United States and worried some in Israel, while politicians in Iran have remained silent about It. Even compared to the party's own platform in 2016, the new draft marks a shift in attitudes toward Iran. The 80-page 2020 Democratic Party platform opposes regime change in Tehran. According to the Politico, Bernie "Sanders staffers pointed to some anti-interventionist language in the draft as a victory, particularly compared to the 2016 platform’s foreign policy proposals, which they viewed as overly hawkish."

  • Fully Armed Kadena F-15 Eagles Soar Over Saudi Arabia Wearing Some Awesome Nose Art

    The U.S. Air Force’s 44th Fighter Squadron, the “Vampires,” is currently deployed to Prince Sultan Air Base, Saudi Arabia, as part of Operation Inherent Resolve. Since arriving in theater, the squadron’s maintainers have applied bold and remarkably large nose art to a number of the jets.