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  • Warner Bros to open indoor theme park in Saudi Arabia amid $13.2bn entertainment push

    Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), has signed an exclusive partnership agreement with Warner Bros. Discovery, a global leader in real-life entertainment, to bring purpose-built indoor adventures centres to the Kingdom which integrate Discovery’s media content.

  • Egyptian e-commerce startup SIDEUP raises $1.2m seed round for Saudi expansion

    Egyptian startup SIDEUP, which provides a suite of services for e-commerce businesses, has raised US$1.2 million in seed funding from regional and global investors to help it expand into Saudi Arabia.

  • Egypt’s Foreign Reserves Edge Up Slightly as IMF Loan Awaits Nod

    Egypt’s net international reserves climbed slightly in November, as the North African country awaits the final approval of an International Monetary Fund loan key to shoring up the economy. The figure reached $33.5 billion, compared with $33.4 billion at the end of October, the central bank said Tuesday.

  • Lawsuit against Saudi crown prince dismissed after Biden administration recommended he is given immunity

    “The United States has consistently, and across administrations, applied these principles to heads of state, heads of government and foreign ministers while they are in office,” State Department deputy spokesperson Vedant Patel told reporters. “This is an unbroken practice, and it is also something that we expect others to affront to the United States as well.” Enter your email to sign up for CNN's "What Matters" Newsletter.close dialog Sign up for CNN's What Matters newsletter Every day we summarize What Matters and deliver it straight to your inbox. Sign Me Up No, Thanks By subscribing you agree to our privacy policy.

  • Saudi bourse at 19-month low on growth fears; Egypt extends gains

    Saudi Arabia's stock market led declines in much of the Gulf region on Wednesday, hitting its lowest since April last year as worries mounted about a global economic downturn. Data released on Monday showed U.S. services industry activity unexpectedly picked up in November, prompting investor speculation that the Fed could keep raising interest rates for longer which could hurt economic growth.

  • Lawsuit against Saudi crown prince dismissed after Biden administration recommended he is given immunity

    A federal judge has dismissed a lawsuit against Saudi Arabia’s crown prince after the Biden administration recommended he be granted immunity in the case brought against him by the fiancée of murdered Washington Post journalist Jamal Khashoggi. Judge John Bates said in an opinion that despite his “uneasiness,” the US government told the DC District Court that Prince Mohammed bin Salman is immune since he also holds the title of prime minister and so he is “entitled to head of state immunity.”

  • Airlines see return to profit in 2023, clash with airports

    Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges. Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic, but air travel has partially recovered and some airports have struggled to cope. The International Air Transport Association (IATA) now expects a net profit of $4.7 billion for the industry next year, with more than 4 billion passengers set to fly. It had previously said only that profits were "within reach" in 2023.

  • ‘Arms caches’ raided as death toll of Iran protests rises

    Iranian authorities have reported the seizure of three separate caches of illegal weapons in the restive southeast of the country. The seizures come as the Islamic Republic accuses foreign governments of arming "rioters" in an attempt to fuel the ongoing unrest sparked by the Sept. 16 death of a young Iranian woman in the custody of morality police.

  • Home of Khaleeji Hip Hop and R&B: Bahrain in the Gulf Music Scene

    To Bahraini music producer Sarah Nabil, khaleeji hip hop and R&B are all about the grooves native to Arab cultural heritage and a language that is relatable.

  • Israeli president touts business ties on first Bahrain visit

    Bahrain's King Hamad bin Isa Al Khalifa met President Isaac Herzog on Sunday in the first visit by an Israeli head of state to the Gulf state since the countries forged ties two years ago and as a right-wing coalition government takes shape in Israel. Herzog, whose post is largely ceremonial, will then visit the United Arab Emirates, which also normalised ties with Israel in U.S.-brokered pacts known as the Abraham Accords and had already hosted the Israeli president.