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  • Saudi FM warns of ‘catastrophic consequences’ if Israel attacks Rafah, slams international ‘double standards’

    Saudi Foreign Minister Prince Faisal bin Farhan on Monday warned against the “catastrophic consequences” of any Israeli attack on Rafah, south of Gaza, during his speech at the 55th session of the UN Human Rights Council. “In this light, we warn against the disastrous repercussions of an attack on Rafah, as the last refuge for civilians, who are there due to the displacement by the Israeli army.” Prince Faisal denounced the double standards adopted by some countries toward the crisis in the war-ravaged Gaza Strip. He also reiterated calls for an immediate ceasefire.

  • Lucid CEO Says Struggling EV Maker Is Crucial to Saudi Arabia

    Lucid Group Inc. is more than just a financial investment to Saudi Arabia, which sees the electric-vehicle maker as critical to diversifying its economy, the carmaker’s chief executive officer said. “We’re in this together for the long run. Nobody wants this more than Saudi Arabia,” Lucid CEO Peter Rawlinson said in an interview at the Geneva International Motor Show. “This is like a marriage.”

  • Saudi Arabia refutes claims of meeting between Minister and Israeli official

    An official Saudi source refuted claims circulating on social media about a supposed meeting between the Saudi Minister of Commerce Dr. Majid Al-Qasabi and an official from the Israeli occupation. The source clarified that the video in question was taken while Al-Qasabi was with the Nigerian Minister of Commerce, just before the commencement of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi. "During this time, an individual approached to greet him and only revealed his identity as the Minister of Economy in the Israeli occupation government after the fact, with Al-Qasabi having had no previous knowledge of who the individual was."

  • Saudi Chemical Behemoth Warns on Outlook After Surprise Loss

    Saudi Arabia’s top chemicals maker warned of “considerable uncertainty” for the industry after reporting a surprise full-year loss. Saudi Basic Industries Corp., also known as Sabic, posted a net loss of 2.77 billion riyals ($739 million) for 2023, missing analyst expectations for a profit. The result underscores the depth of the challenge chemicals companies face as they grapple with a weak market, slower economic growth and a drop in prices.

  • Past the deadline, Western defense firms still navigating Saudi Arabia’s localization mandates

    "Foreign firms that are direct beneficiaries of lucrative Saudi government contracts will most likely be the first to relocate. [...] Firms who are invested in the Saudi market but do not have direct government dealings will likely try to bide themselves more time," one expert said.

  • Al Hilal sets new record in Saudi Pro League with 14 consecutive wins

    Coach Jorge Jesus’ team have achieved 14 consecutive victories in the league, ending Al Nassr’s previous record of winning 13 matches from November 2013 until February 2014. Sergej Milinkovic-Savic gave Al Hilal the lead in the 40th minute with a header after a corner. Salem Al Dawsari added the second goal from close range in first half added time.

  • Palestinian PM resigns as pressure grows over post-war Gaza plans

    Palestinian Prime Minister Mohammad Shtayyeh announced his resignation on Monday, as the Palestinian Authority looks to build support for an expanded role following Israel's war against the Islamist group Hamas in Gaza. The move comes amid growing U.S. pressure on President Mahmoud Abbas to shake up the Authority as international efforts intensify to stop the fighting in Gaza and begin work on a political structure to govern the enclave after the war.

  • The Challenge With the Deter and Degrade Approach in Yemen

    Over the course of the past month, the United States and, on occasion, the United Kingdom have conducted an ongoing series of strikes against Houthi targets in Yemen. These strikes have two goals. First, the United States wants to deter the Houthis from carrying out future attacks on commercial shipping in the Red Sea. Second, and relatedly, the United States is seeking to compel the Houthis to cease their attacks by inflicting pain on the group – degrading the Houthis’ military capacity to the point that they are either unwilling or unable to carry out more attacks in the Red Sea.

  • Transformation of Saudi economy creates opportunities, Public Investment Fund official tells investors

    It is important that investors understand the long-term structural changes to the Saudi economy that are taking place and the opportunities they offer, the head of the National Development Division at the Saudi Public Investment Fund said on Thursday. Speaking at the Future Investment Initiative Priority forum in Miami, Jerry Todd said the three pillars of this transformation are industrialization of the economy, the development and expansion of service sectors, and the building-up of green energy capacity.

  • Al Baha’s palaces and forts offer a glimpse into Saudi Arabia’s past

    The ancient palaces and impressive forts found in the Al Baha region serve as a living testament of Saudi Arabia's rich historical heritage. Scattered across the landscape of nearly every village, these towering structures offer insights into the Kingdom's past and the lifestyles of its early inhabitants. Among these, Bin Raqoush Palace stands out. Once a private residence, the palace has been transformed into a cultural and historical center welcoming senior officials, ambassadors, and global visitors alike.