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  • Saudi Arabia is ready to mediate between Russia and Ukraine, TASS cites envoy as saying

    Saudi Arabia is ready to act as a mediator between Russia and Ukraine, Russian state news agency TASS cited the Saudi ambassador to Moscow as saying on Tuesday. It quoted the envoy as saying that the kingdom was supportive of moves to de-escalate the Ukraine crisis and "ready to make intermediary efforts in order to establish contacts between all involved parties". No peace talks have taken place between Russia and Ukraine since the first weeks of the war in 2022, although several outside parties including China and African leaders have come forward with peace initiatives.

  • Putin hosts BRICS summit in Russia under shadow of Ukraine war

    Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow's partners from China, India, Brazil and the Arab world are urging President Vladimir Putin to find a way to end the war in Ukraine. The BRICS group now accounts for 45% of the world's population and 35% of its economy, based on purchasing power parity, though China accounts for over half of its economic might.

  • UK-based dissident can sue Saudi Arabia for alleged spyware, court rules

    A prominent Saudi dissident who accuses Saudi Arabia of targeting him with spyware can sue the kingdom in London, his lawyers said on Monday. Yahya Assiri, a founder of the opposition National Assembly Party (NAAS) who lives in exile in Britain, alleges his electronic devices were targeted with surveillance software between 2018 and 2020. He is suing Saudi Arabia at London's High Court, saying the country used Pegasus - made by Israeli company NSO Group and sold only to nation states - and other spyware made by lesser-known Israeli firm QuaDream because of his work with dissidents.

  • EU, Gulf states seek give and take on Ukraine, Middle East

    EU and GCC sources both said the negotiations on the finalized joint statement in the weeks leading up to Wednesday's summit were difficult. Top of Europe's wishlist was strong wording condemning Moscow for its full-scale invasion of Ukraine. One EU diplomat said initially, the GCC — the group of wealthy Gulf states that includes Saudi Arabia, Qatar, the United Arab Emirates, Bahrain, Kuwait and Oman — wanted no direct reference to Russia in the text. Ultimately, leaders compromised by simply lifting the language from a 2022 United Nations General Assembly resolution in which they "deplore in the strongest terms the aggression by the Russian Federation against Ukraine."

  • Saudi FM, Ukrainian Counterpart Discuss Developments of Ukrainian-Russian Crisis

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received on Sunday a phone call from Ukraine’s Minister of Foreign Affairs, Andrii Sybiha. Prince Faisal congratulated his Ukrainian counterpart on the occasion of assuming his post, wishing him success in carrying out his duties. The two sides also reviewed bilateral relations and the latest developments of the Ukrainian-Russian crisis. They also discussed issues of common interest.

  • Saudi Arabia leads GCC in sustainable sukuk issuances

    Saudi Arabia has emerged as the leader in sustainable sukuk issuances in the Gulf Cooperation Council (GCC) region in the first half of 2024, followed by the UAE, rating agency Moody’s said in a new report.  The  GCC countries accounted for 82% of global sustainable sukuk issuance in the first half of 2024, which rose 21% year-on-year to $6.8 billion.

  • Saudi Aramco begins issuing dollar-denominated sukuk

    Saudi Aramco has started on Tuesday issuing US dollar-denominated international sukuk or Islamic bonds. The sukuk offering, which is part of the Trust Certificate Issuance Program of the SA Global Sukuk Limited, will run through until October 2. The value of the offering will be determined according to market conditions and investor demand at the time of the offering, Aramco said in a filing on the Saudi Stock Exchange (Tadawul). The minimum subscription will be $200,000 with integrated multiples of $1,000 in excess of that amount, subject to market conditions.

  • UK trade minister to meet Gulf state officials in Saudi Arabia

    Reynolds will discuss ambitions for a trade deal with members of the Gulf Cooperation Council in Riyadh on Monday. The bloc is made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Talks began in July for a deal that would boost the UK economy by £1.6 billion ($2.1 billion), the Department for Business and Trade said.

  • Russia and Ukraine exchange 103 prisoners each in deal mediated by UAE

    The exchange of a total of 206 prisoners was facilitated in the UAE’s eighth such mediation, the Gulf nation’s Ministry of Foreign Affairs said in a statement on social media platform X. “We have successfully brought back another 103 warriors from Russian captivity to Ukraine,” Zelenskyy posted on X on Saturday. The freed Ukrainians included 82 privates and sergeants and 21 officers from the Armed Forces of Ukraine, the National Guard of Ukraine, border guards, and police officers, he said.

  • UK suspends 30 of its 350 arms export licences to Israel

    Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Palestinian enclave of Gaza.