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☆ U.S. and Europe warn Lebanon’s Hezbollah to ease strikes on Israel and back off from wider Mideast war
▼ + stars: | 2024-06-30 | by ( ) www.cnbc.com time to read: +5 min

Iran and Israel traded threats Saturday of what Iran said would be an "obliterating" war over Hezbollah. Attacks intensified this month after Israel killed a top Hezbollah commander and Hezbollah responded with some of its biggest missile barrages. "Such a war would be a catastrophe for Lebanon," Defense Secretary Lloyd Austin said as he met recently with Israeli Defense Minister Yoav Gallant at the Pentagon. "Another war between Israel and Hezbollah could easily become a regional war, with terrible consequences for the Middle East." Israeli Foreign Minister Israel Katz responded by pledging his country would move against Hezbollah with "full force" unless it stopped attacks.

Persons: —, Gerald Feierstein, Israel, Martin Griffiths, Lloyd Austin, Yoav Gallant, Gallant, Susan Walsh, Feierstein, Iran's U.N, Israel Katz, CQ Brown Organizations: Marine, Hezbollah, Israeli, Pentagon, Israel, Joint Chiefs, Staff Locations: Khiam, Lebanon, Israel, Lebanon's Iran, Iran, Gaza, United States, Lebanese, U.S, Washington, Israeli

☆ Vision 2030 is Saudi Arabia's grand plan to future-proof its oil-based economy. Experts say it's a huge risk.
▼ + stars: | 2023-08-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +9 min

Vision 2030 is Saudi Arabia's grand plan to transform its economy and reduce its reliance on oil. The centerpiece of Vision 2030 is Neom, which includes a $1 trillion megacity known as The Line. But time is ticking: Seven years after announcing Vision 2030, Saudi Arabia has reached the midway point of its timeline, with just seven years left to the finish line. That said, much of this is being financed by the Public Investment Fund, Saudi Arabia's powerful sovereign wealth fund, which manages assets worth about $700 billion. NeomA key factor that could determine this project's success involves Saudi Arabia's changing appeal to the West.

Persons: Saud, who's, Simon Mabon, Prince Mohammed Bin Salman, Saudi Crown Prince Mohammed bin Salman, McKinsey —, —, Gerald Feierstein, Barack Obama, Feierstein, Richard Callis, Prince Mohammed, Yasir Othman al, Mabon, Prince Mohammed's, there's, Muslimi, they're Organizations: Foreign Policy Center, Saudi Royal Court, REUTERS, Saudi Crown, McKinsey, Middle East Institute, Public Investment Fund, Saudi, SoftBank's Vision, Newcastle United soccer, Newcastle United FC, Saudi Aramco, International Monetary Fund, Chatham House, Neom, United, Bloomberg, Amnesty International Locations: Saudi, Dhahran, Saudi Arabia, London, NEOM, Bandar, Yemen, Ukraine, Riyadh, Jeddah, they're, United Arab Emirates, Neom

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