MUST-READS

• ‘New phase of Lebanese-Saudi ties’ after Riyadh talks: Aoun

  The talks “fell within the framework of enhancing bilateral relations between the two countries and paving the way for the signing of several agreements in various fields,” a statement said. Aoun and the crown prince held a 45-minute private meeting, “during which they continued discussions on issues of mutual interest to both countries and their brotherly peoples.” In a joint statement issued after the talks, Saudi Arabia and Lebanon “emphasized the importance of strengthening Arab cooperation and coordinating positions on key regional and international issues.”

• Diriyah Art Futures Reflects Growing Saudi Investment in Digital Art

  Located prominently on King Faisal Road in Al Bujairi, Diriyah, just northwest of Riyadh, is the vast new 129,000 square foot Diriyah Art Futures institute. Inaugurated in December 2024, the new media arts center is dedicated to the rapidly expanding genre of digital art and is among the first institute of its kind in the Middle East and North Africa. Developed by Saudi Arabia’s Ministry of Culture, Diriyah Art Futures highlights the kingdom’s growing interest and investment in art and culture involving new technology and artificial intelligence. Haytham Nawar, director of Diriyah Art Futures and former chair of the arts department at the American University in Cairo, said the exhibition is significant because “it provides a historical overview” of digital art. “In Saudi, there is knowledge of the history of computational art, especially the usage of AI and generative art,” added Nawar. “What it does is connect international artists in the field with those working in Saudi.”

• Saudi Arabia – Rise of a global diplomatic power?: Video

  Saudi Arabia is increasingly positioning itself at the center of various high-stakes diplomatic processes. In recent months, it has taken on key roles as backer, mediator, or host to ongoing negotiations, including on a Gaza settlement, Russian-US normalization and a cease-fire in Ukraine, support for Lebanon and Syria, as well as efforts to end the Sudanese civil war. How do such Saudi diplomatic interventions fit into the kingdom’s broader political-economic transformation efforts? This on-the-record briefing featured Middle East Institute (MEI) Associate Fellow Norman T. Roule, a 34-year veteran of the CIA whose current work focuses on issues concerning the Gulf states and Iran. The briefing also featured F. Gregory Gause III, Visiting Scholar at MEI and author of three books focused on the Persian Gulf.

• Analysis: Where are US-Saudi defence ties heading?

  Discussing whether a stronger synergy between Washington and Riyadh will impact Saudi-Iran ties, Roberto Neccia, an independent Iran analyst, told The New Arab that the prince’s meeting with Hegseth took place in a very different geopolitical scenario from that existing at the time of the first Trump administration. “The fall of Assad, the downsizing of the resistance axis, the good relations between Tehran and Riyadh, and the constructive engagement of Iran with the countries of the Persian Gulf have all changed the regional perspective,” Neccia said. The prince’s visit should be “seen in the context of the traditional relations between the Saudis and the American defence conglomerate and, probably, in the context of a potential future, but at the moment difficult and unlikely, Saudi rapprochement with Israel”.  Due to the prevailing uncertainty, Saudi Arabia seems to have modified its aims from seeking a comprehensive US defence treaty to pursuing a more modest military cooperation agreement. This adjustment reflects the complexities of regional geopolitics.

• UFC & WWE owners finalise Saudi deal for boxing league

  TKO Group Holdings, which owns the UFC and WWE, has launched a new boxing promotion backed by investment from Saudi Arabia. The Kingdom has invested heavily in boxing in recent years with Turki Alalshikh, chairman of Saudi Arabia's general entertainment authority, at the fore. The UFC and WWE, who merged in a £17.3bn deal under the TKO umbrella in 2023, also hold events in the Kingdom. In a joint statement. Alalshikh and TKO said they had agreed a "multi-year partnership to establish a new boxing promotion". It is unclear what the league would look like and who would compete in it, with most of boxing's biggest stars under contract with key promoters such as Eddie Hearn's Matchroom, Bob Arum's Top Rank and Frank Warren's Queensberry.

• Saudi Aramco Weighs Bid for BP’s Castrol Lubricant Assets

  Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, according to people with knowledge of the matter. The world’s biggest energy company is studying whether to bid for part or all of the business, which operates under the Castrol brand name, the people said. Aramco could look to combine the Castrol assets with its Valvoline lubricants unit, which it bought in a $2.65 billion deal completed in 2023. Aramco is particularly interested in Castrol’s operations in fast-growing markets like India, the people said, asking not to be identified because the information is private. Its Mumbai-listed subsidiary Castrol India Ltd. has a market value of about $2.5 billion.

• Exclusive Q&A: Jay Monahan on the Saudi talks, reshaping golf and engaging his critics

  We continue to state that we're doing all that we can to reunify the game because our fans are saying that's what they want, the best players competing together more often. We feel that's a commitment we've got to see through for our fans and for our players. If you look at our comments, it's been enthusiasm around reunification and a confidence in the efforts that we're taking, not only the best interests of the Tour but the best interests of the game. Coming out of our last meeting, the President said he was optimistic about a deal getting done. Yasir [al-Rumayyan, the PIF governor] called it a good meeting. When you’re in the midst of complex negotiations you have ebbs and flows, but I don’t feel less confident that we can get there and I don't think my comments have reflected anything other than that. We appreciate Yasir’s innovative vision and can see a future where we welcome him onto our Board and work together to move our global game forward.

• Saudi consumer spending surges ahead of Ramadan

  Consumer spending in Saudi Arabia jumped 34.7% to SAR 17.5 billion (USD 4.6 billion) in the week leading up to Ramadan, from February 23 to March 1, Arab News reported. The latest point-of-sale transaction data from the Saudi Central Bank, also known as SAMA, revealed 231.3 million transactions reflecting a seasonal spike in demand as Saudis prepare for Ramadan, a holy month characterized by large daily fast and collective meals at sunset. The food and beverage sector led the surge, with spending soaring 74.9% week on week to SAR 3.3 billion (USD 879 million). Spending on public utilities followed closely, with a 55.9% rise, amounting to SAR 81.5 million (USD 21.7 million). Expenditure on furniture also recorded a notable surge at 46% to SAR 524.5 million (USD 139.7 million).

• Israel’s Shin Bet says Netanyahu policies helped pave way for 7 October

  Israel’s internal security agency, Shin Bet, has said Benjamin Netanyahu’s policies were among the underlying causes of the 7 October 2023 attack in which Hamas and other militants killed about 1,200 Israelis. In its report on the 7 October attack, Shin Bet acknowledged its own responsibility, admitting it was aware of warning signs that Hamas was planning an operation, but the agency, also known as the General Security Service (GSS), did not grasp the scale, timing and location of the planned attack. Among the main reasons for a Hamas military build-up before the attacks, an eight-page public summary of the report listed an Israeli “policy of quiet” towards the group, apparently referring to a policy of restraint in the use of force to keep Hamas’s military capability in check. It also listed Netanyahu’s acquiescence in the flow of funds from Qatar to Gaza, a policy designed to divide Palestinians by boosting Hamas at the expense of the Palestinian state.

• Saudi Arabia, Lebanon Issue Joint Statement, Stress Taif Agreement and Regional Coordination

  The Kingdom of Saudi Arabia and the Lebanese Republic affirmed the importance of strengthening Arab action and coordinating positions on key issues in the regional and international arenas. They also emphasized the importance of the full implementation of the Taif Agreement, the application of relevant international resolutions, the extension of state sovereignty over all Lebanese territories, the exclusive possession of arms by the Lebanese state, reiterating the national role of the Lebanese army, the importance of supporting it, and the necessity of the withdrawal of the Israeli occupation forces from all Lebanese territories.

• 10 of 62592 results<< 1 … 17 18 19 … 6,260 >>