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  • The Seven Natural Wonders of Arabia, Part II: Jabal Abyad

    The most recent eruption on the Arabian Peninsula occurred in 1937 in north Yemen, and the next most recent preceding that in 1846 on a volcanic island in the Farasan group in the Red Sea to the northwest of there.

  • Fired U.S. State Department watchdog confirms probe of Saudi arms sale

    A State Department inspector general abruptly fired by President Donald Trump last month confirmed on Wednesday that he was investigating the declaration of a “national emergency” to justify arms sales to Saudi Arabia when he was dismissed, members of the U.S. Congress said.

  • Saudi banks face tough few quarters but are well capitalised, say CEOs

    Central bank data shows Saudi banks’ profit declined by an annual 38.4% in April to 2.9 billion riyals ($773 million), while Rating agency Moody’s said they face a weakening operating environment and cut the outlook on those lenders it rates to negative.

  • UN: Libya’s warring sides agree to restart ceasefire talks

    As the war in Libya teeters on the edge of a major escalation, the statement signalled that both sides, and their foreign backers, may prefer to pull back from the brink. Haftar is backed by the United Arab Emirates, Egypt and Russia, while the Tripoli-allied militias are aided by Turkey, Qatar and Italy.

  • Saudi food delivery startup Jahez raises $36 million in country’s largest VC deal

    The startup claims to serve 3 million users through its network of 15,000 delivery driver. The statement said that Jahez is on its way to exceeding $270 million (SAR 1 billion) in order value in 2020 sourced from over 12,000 points of sales across the Kingdom. It has processed more than 20 million orders and has partnered with brands like McDonald’s, Burger King, Pizza Hut, SACO, and Whites Pharmacies

  • Saudis dig up forgotten kingdoms, unearthing their ancient identity

    The 30-year-old Al Ula resident runs his hands over the exposed brick and rock inscriptions he has known since a child as “the ruins,” listening as a tour guide lists the achievements of the tribes that built a kingdom on these sands 3,000 years ago. Squinting at the rock-carved tombs in front of him, he sees something greater than a civilization: a connection.

  • Saudi Arabia to host Ad Diriyah Biennale Foundation for Contemporary Art in 2021

    The inaugural event will be dedicated to contemporary art, while Islamic art will be highlighted in 2022. The news was announced by the kingdom's Minister of Culture, Prince Badr bin Abdullah bin Mohammed bin Farhan, who also leads the board of directors of the recently established Thunaiyat Ad Diriyah Biennale Foundation.

  • Hundreds More Captives Freed As Part Of Afghanistan-Taliban Prisoner Swap

    The prisoner exchange is part of a U.S.-Taliban agreement signed in February that called on the Afghan government to release up to 5,000 Taliban prisoners and for the militants to free around 1,000 government captives as a confidence-building measure ahead of formal peace talks.

  • Four Middle East state investment vehicles snare part of BlackRock $14bn stake sale

    BlackRock Inc. attracted some of the world’s largest institutional investors and sovereign funds when a major stake was sold this month, illustrating chief Larry Fink’s connections with deep sources of capital in the US, Middle East and Asia. Existing shareholders Wellington Management, Capital Group Cos. and Fidelity Investments were among those that bought shares when PNC Financial Services Group Inc. sold a $14 billion BlackRock stake, according to people familiar with the situation.

  • OPEC delivers three quarters of record oil cut in May: survey

    OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.