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  • Why is Saudi Arabia so keen on hosting a Ukrainian peace summit?

    The upcoming summit is "another example of Crown Prince Mohammed bin Salman's efforts to position himself as a global leader with influence beyond his region," The New York Times said, adding that it's not simply about his personal ambitions, but a broader effort to "carve out a role for the kingdom as a mediator" as well. The push comes as Saudi Arabia attempts to shed its reputation as a biased party after the "White House accused it last year of siding with Russia in keeping oil prices high — thus bolstering Moscow's finances," the Wall Street Journal reported. Western nations agreed to hold the talks in Saudi Arabia "partly in hopes of persuading China, which has maintained close ties to Moscow, to participate" as well.

  • Head of Zelenskyy’s office confirms Ukraine peace formula talks in Saudi Arabia

    The talks are a follow-up on pledges issued by the G7 group of advanced countries after this month’s NATO summit in Lithuania to draw up and honor security guarantees. “We are starting talks with the United States [this] week,” Yermak said. “Security guarantees for Ukraine will be concrete, long-term obligations ensuring Ukraine’s capacity to defeat and restrain Russian aggression in the future. These will be clearly drafted formats and mechanisms of support.” Yermak said the guarantees “will be in effect until Ukraine secures NATO membership.”

  • Head of Zelenskyy’s office confirms Ukraine peace formula talks in Saudi Arabia

    The head of Ukraine’s presidential office, Andriy Yermak, confirmed on Sunday that Saudi Arabia will host talks in August on the situation in Ukraine during which a peace plan is expected to be discussed. “We are preparing the next meeting of national security advisers regarding the implementation of the Ukraine Peace Formula, which will soon take place in Saudi Arabia,” Yermak said in a post on Twitter.

  • Drone war: The price Iran pays for helping Russia against Ukraine

    Ukrainian forces are now adept at shooting down Iran’s slow-moving and noisy drones – their engines can sound like gas-powered lawn mowers. Nevertheless, the Iran-Russia military alliance is deepening, with an agriculture drone facility in the Tatarstan region, hundreds of miles east of Moscow, now reportedly turning to the joint production of Iranian drones.

  • Radical UK Islamist preacher Anjem Choudary charged with three terrorist offences

    British radical Islamist preacher Anjem Choudary has been charged with three terrorism offences after being arrested in London last week, police said on Monday. Choudary, 56, has been charged with membership of a proscribed organisation, directing a terrorist organisation and addressing meetings to encourage support for a proscribed organisation, police said. He will appear in court in London on Monday.

  • How Russia’s invasion of Ukraine is reshaping Middle East arms market: Analysis

    The growing military cooperation between Iran and Russia is poised to impact the Middle East's balance of power and drive-up regional defense spending. The potential acquisition of advanced weaponry by Iran, along with arming its network of proxies, introduces new complexities for regional security. However, countries like Turkey and Israel are well-positioned to meet the demand for countermeasures and capitalize on their combat-proven solutions. Regional suppliers have the opportunity to play a significant role in diversifying the defense market and forming partnerships based on technology transfers.

  • Saudi Arabia’s Almarai starts sale of dollar sukuk – IFR

    Saudi Arabian food and beverage company Almarai (2280.SE) is set to raise $750 million from a sale of 10-year Islamic bonds that drew over $4 billion in orders, fixed income news service IFR said on Tuesday. The sukuk launched at 145 basis points over U.S. Treasuries, IFR said, tightened from initial price guidance of around 180 bps over the same benchmark, a bank document showed earlier on Tuesday.

  • Saudi Hawks captivate audiences for second day at UK air show

    The Saudi Hawks aerobatic team, representing the Royal Saudi Air Force, continued their captivating aerial displays for the second consecutive day of the Royal International Air Tattoo 2023 exhibition, the Kingdom’s defense ministry said on Saturday.

  • Saudi crown prince invited to visit UK later this year, Financial Times reports

    The British government has invited Saudi Crown Prince Mohammed bin Salman to London with the visit expected to take place in October or November, the Financial Times reported on Friday citing people briefed on the trip. A British official confirmed to the newspaper the government had offered an invitation to the crown prince but added the precise logistics had not yet been agreed. A spokesperson for the British government did not immediately respond for a Reuters request for comment.

  • Saudi Arabia: E-Visa for Tourism Expanded to Certain UK, US, EU and Schengen Visa Holders and Permanent Residents

    Effective immediately, the Ministry of Tourism expanded the eligibility for e-visas for tourism to individuals holding a valid business or tourist visa issued by the United Kingdom, United States, or Schengen Area countries; permanent residents of the United Kingdom, United States or European Union; and their first-degree relatives. Previously, these individuals could only obtain a visa-on-arrival.