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Brokering a reconciliation deal between Palestinian factions is a longer-term goal for Saudi Crown Prince Mohammad Bin Salman, Saudi officials say. Senior Saudi officials were planning to meet with leaders of the Palestinian militant and political group Hamas on Sunday to discuss renewing diplomatic ties which have been cool since 2007, part of a diplomacy spree led by Crown Prince Mohammad Bin Salman that has seen Riyadh move closer to Iran. Re-establishing ties between Iran-backed Hamas, which is a U.S. designated terrorist group, and the Saudi kingdom would mark a setback for efforts by the U.S. and Israel to establish a military alliance between Israel and other Sunni-majority countries against Iran and its allies. They also complicate Israeli Prime Minister Benjamin Netanyahu ’s goal of normalizing relations with Riyadh, with opposition to Iran as their primary shared interest.
A Saudi airline says one of its jets was involved in an accident at Khartoum airport in Sudan. Sudan's doctors' union said two were killed at the airport after violence erupted in the city. Fighting has broken out in Sudan between its army and a group of paramilitaries. Two people have reportedly died at Khartoum airport while a Saudi airline said one of its planes was involved in an accident after violence broke out on Saturday. Saudia, formerly called Saudi Arabian Airlines, issued a statement saying one of its Airbus A330 jets was "involved in an accident" at the airport before a flight to Riyadh.
Arab foreign ministers discuss Syria crisis at Saudi meeting
  + stars: | 2023-04-15 | by ( ) www.reuters.com   time to read: +2 min
[1/3] Saudi Arabia hosts a meeting of foreign ministers from Iraq, Jordan, Egypt and the Gulf Cooperation Council (GCC) countries to discuss Syria's return to the Arab League in Jeddah, Saudi Arabia, April 14, 2023. Saudi Press Agency/Handout via REUTERSCAIRO, April 15 (Reuters) - Gulf Arab foreign ministers and their counterparts from Egypt, Iraq and Jordan discussed Syria's possible return to the Arab fold at a meeting in Saudi Arabia, the Saudi Foreign Ministry said in a statement. The meeting, held in the city of Jeddah, was called by Saudi Arabia, amid a recent thaw in regional tensions, but ended without agreement, the statement said. However, Syria's broader normalisation with the Arab world remains a sensitive issue for several countries. Regional superpower Saudi Arabia, which has long resisted normalisation with Assad, said after a rapprochement with Iran, Syria's key regional ally, a new approach was needed with Damascus.
[1/3] Deputy Minister of Saudi Foreign Ministry, Waleed El Khereiji meets with Syrian Minister of Foreign Affairs and Expatriates, Faisal Mekdad in Jeddah, Saudi Arabia, April 12, 2023. Saudi Press Agency/Handout via REUTERSRIYADH, April 12 (Reuters) - Saudi Arabia and Syria's foreign ministers on Wednesday welcomed a thaw in bilateral ties, including steps to resume consular services and flights, and agreed to cooperate to fight drug trafficking and facilitate Syria's return to the Arab fold. Assad, with the help of his main allies Iran and Russia, regained control over much of Syria, and Saudi Arabia has said isolating him was not working. Much of it is thought to be sold to buyers in Gulf Arab countries, including Saudi Arabia. Mekdad's trip to Jeddah came two days before Saudi Arabia hosts another meeting of regional foreign ministers that will discuss Syria's return to the Arab League.
The heavy gates of the Iranian embassy's compound were open in Riyadh with a team inspecting its premises, a Reuters reporter said. The diplomatic mission opened hours after the Iranian foreign ministry said a technical delegation arrived in the kingdom. "The Iranian delegation will take the necessary measures in Riyadh and Jeddah to set up the embassy and consulate general," Iranian foreign ministry spokesman, Nasser Kanaani, said in a statement. Riyadh accused Iran of arming the Houthis, who went on to attack Saudi cities with armed drones and ballistic missiles. Saudi officials also arrived in Iran to discuss procedures for reopening Riyadh's embassy in Tehran and consulate in Mashhad, the Saudi foreign ministry said on Saturday.
[1/2] Flags are seen ahead of the Arab League Summit in Algiers, Algeria November 1, 2022. REUTERS/Ramzi BoudinaDOHA, April 11 (Reuters) - Saudi Arabia will host a meeting of regional foreign ministers on Friday to discuss Syria's return to the Arab League, a Qatari official said on Tuesday, adding that an "Arab consensus" plus a "change on the ground" would shift Qatar's position. The GCC includes Saudi Arabia, UAE, Bahrain, Oman, Qatar and Kuwait. Saudi Arabia plans to invite Syrian President Bashar al-Assad to the Arab League summit Riyadh is scheduled to host on May 19, sources have told Reuters. Assad's attendance would mark the most significant development in his rehabilitation within the Arab world since 2011, when Syria was suspended from the Arab League.
ADEN, April 7 (Reuters) - A Saudi Arabian-led military coalition lifted eight-year-old restrictions on imports headed for Yemen's southern ports, the internationally recognised authorities said, in a sign that peace talks are progressing with the Houthi group in the north. This follows the easing of restrictions in February on commercial goods entering the Houthi-held western port of Hodeidah, the country's main seaport, as Yemen's warring sides work to reinstate an expired U.N.-brokered truce deal. The Saudi-backed government based in the south said in a statement late on Thursday that commercial ships would be allowed to dock directly in southern ports, including Aden, and all goods would be cleared, with some exceptions. The Saudi-led coalition had since 2015 imposed severe restrictions on flow of goods into import-reliant Yemen, where war has devastated the economy, contributing to what the United Nations has called the world's worst humanitarian crisis. Abeed said more than 500 types of goods would be allowed back in Yemen through southern ports, including fertilisers and batteries, after they were removed from a list of banned products.
[1/2] A military helicopter, operated by the Houthis, flies over Sanaa, Yemen September 21, 2022 for the first time since the Saudi-led coalition intervened in Yemen and controlled the country's airspace in 2015. The move signals that regional rifts are easing after rivals Saudi Arabia and Iran agreed to restore relations last month following years of hostility and backing opposite sides in Middle Eastern conflicts, including Yemen. Oman, which shares borders with Yemen, has been trying for years to bridge differences between Yemen's warring parties, and more broadly between Iran and Saudi Arabia and the United States. Saudi Arabia restarted its direct talks with the Houthi group last summer after both sides failed to renew a United Nations-brokered truce deal. Following years of a bitter rivalry and armed conflicts between Saudi Arabia and Iran, their biggest trade partner China recently stepped in to work with both sides and improve relations.
Oil falls as weak U.S. economic data stokes recession fears
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: +2 min
Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. "Crude oil's rally paused as it battled the headwinds created by the weak economic data. The slew of soft economic data soured market sentiment, stoking fears of a recession and prompting investors to adopt risk aversion strategies. U.S. crude inventories fell 3.7 million barrels last week, about 1.5 million barrels more than forecast, government data showed. Gasoline and distillate stocks also fell more than expected, drawing down by 4.1 million barrels and 3.6 million barrels, respectively.
How are we approaching the market week ahead? I also explained that we are indeed in a bull market, but that things could get a bit rocky from here. Analyst Matthew Boss also increased his price target by a buck to $29, citing favorable risk-to-reward setup at current stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.
Governments and investors in the Middle East are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.
RIYADH, April 2 (Reuters) - Egyptian President Abdel Fattah al-Sisi visited Saudi Arabia on Sunday, Saudi state news agency SPA said, as Cairo seeks financial inflows to ease pressure on its currency and bolster a faltering economy. The trip also comes amid a major diplomatic realignment in the region, with moves by Saudi Arabia and Egypt to ease tensions with Syria, Iran and Turkey. Other Saudi and Egyptian officials, including Saudi national security adviser Musaad bin Mohammed al-Aiban and Egypt's intelligence chief Abbas Kamel, attended the meeting, it added. Saudi Arabia and its Gulf allies have repeatedly come to Egypt's help since Sisi led the ouster of Mohamed Mursi of the Muslim Brotherhood a decade ago. When Egypt's financial difficulties were exposed and exacerbated by the fallout from the war in Ukraine last year, Saudi Arabia, the United Arab Emirates and Qatar made deposits in Egypt's central bank and pledged major new investments.
Jeddah, Saudi Arabia CNN —In the distant past, Muslim pilgrims came to the holy city of Mecca on foot. Haramain means “two sanctuaries” in Arabic, named for the holy cities of Mecca and Medina that sit on the line’s opposite ends. Business class passengers on the train can watch seat-back TVs. Even on a short journey like the one from Jeddah to KAEC, business class passengers are entitled to a full meal service. When it comes to high-speed railway, it seems as though the Haramain line is only the beginning in Saudi Arabia.
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F1 needs Perez to keep performing at his best
  + stars: | 2023-03-20 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
LONDON, March 20 (Reuters) - Sergio Perez may have had his best race yet in Sunday's Saudi Arabian Grand Prix but Formula One desperately needs the Mexican to keep it up in a season turning into a tale of two Red Bull team mates. Verstappen won 15 of the 22 races last year to Perez's two triumphs. "We've had those years where we were as strong, but it's a meritocracy," the Austrian told reporters when asked about the sport's popularity taking a hit if Red Bull kept winning everything. Perez agreed: "I think we did a great job," he said of the race in Jeddah. "I don't know if it's my best weekend so far with the team, but I'm sure Melbourne will be even better."
"That safety car again tried to take the victory away from us in Jeddah but not this time," said Perez, who started on pole last year but was caught out by a safety car deployment and ended up fourth. "I was on for victory last year so finally I got it," added the Mexican, who now has five career wins and finished 5.355 seconds clear despite the safety car cutting his early advantage. It took Perez four laps to take charge with the Mexican meeting no resistance as he swept past for the lead, but he could not relax. When the safety car period ended on lap 20, Verstappen was pushing Russell for third and took the place three laps later. Verstappen went second, 5.6 seconds behind Perez, at the half-distance but the gap stayed constant with the Red Bulls in a race of their own.
Verstappen completes practice sweep in Saudi Arabia
  + stars: | 2023-03-18 | by ( ) www.reuters.com   time to read: +1 min
March 18 (Reuters) - Formula One world champion Max Verstappen completed a dominant hat-trick of top times in practice for the Saudi Arabian Grand Prix on Saturday. Mexican team mate Sergio Perez was second fastest, but a considerable 0.613 seconds slower than Verstappen's best effort of one minute 28.485 on the soft tyres. Apart from Perez, Alonso was the only driver within a second of Verstappen. McLaren's Lando Norris was seventh, and Australian rookie team mate Oscar Piastri eighth, a mere 0.008 behind. Verstappen apologised after lifting off the throttle on track and forcing Norris, coming up fast behind, to swerve around him.
"You really feel the Formula One cars coming alive in this place and maximising that lap was very important," said Perez of what was also his second career pole. "Every session was going really well, every time we were on the track the car was working really well. Mercedes' George Russell and Ferrari's Carlos Sainz will share the second row with Canadian Lance Stroll fifth for Aston Martin and Esteban Ocon sixth for Renault-owned Alpine. Seven times world champion Lewis Hamilton, winner in Saudi Arabia in 2021, will start seventh for Mercedes. "It was really, really on the limit," he said.
Even from 15th, Verstappen remains a big threat
  + stars: | 2023-03-18 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
March 18 (Reuters) - Red Bull's Max Verstappen will start the Saudi Arabian Grand Prix in 15th place but none of his rivals were ruling out the Formula One championship leader fighting for victory on Sunday. Mercedes driver George Russell, who qualified third on a circuit where overtaking is relatively easy, expected to see Verstappen in his mirrors. "We saw what Max did last year from 15th in Spa and he's got a faster race car this year." Ferrari's Charles Leclerc, who will start 12th after qualifying second but with a 10 place grid drop, said Red Bull were on another planet. Red Bull boss Christian Horner preferred to praise Perez's pole lap.
[1/2] Saudi Crown Prince Mohammed bin Salman attends an Arab summit with U.S. President Joe Biden (not seen), in Jeddah, Saudi Arabia, July 16, 2022. If the resolution passes, the administration must submit the report within 30 days, or all security assistance to the country automatically stops. After the report is received, the act stipulates that Congress may adopt a joint resolution terminating, restricting or continuing security assistance to that country. Aides said it was too soon to assess how the resolution would be received, but they hoped it would trigger a broader conversation about human rights. Murphy, long a vocal critic of the conflict in Yemen and Riyadh's record on human rights, praised Biden for being willing to reassess ties.
Saudi Arabia announced a new airline that will connect its capital city to over 100 destinations worldwide. On Sunday, Crown Prince Mohammed bin Salman announced Riyadh Air — a new national airline that will connect Saudi Arabia to over 100 destinations across the globe by 2030. But cultural clashes may deter tourists from entering Saudi Arabia's newly opened doors. However, some experts say travelers should look at the bigger picture before blacklisting Saudi Arabia as a leisure destination, and consider the opportunity as a learning experience. "Frankly, it would be hard to name a single destination with a clean record on the environment, animal welfare, and human rights."
President Biden in a meeting with Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, last year. Saudi Arabia is asking the U.S. to provide security guarantees and help to develop its civilian nuclear program as Washington tries to broker diplomatic relations between the kingdom and Israel, people involved in discussions between the two countries said. Striking a normalization deal between Israel and Saudi Arabia has become a priority for President Biden and Prime Minister Benjamin Netanyahu amid a looming confrontation with Iran over its nuclear program and military aid to Russia during the Ukraine war. The Biden administration is deeply involved in the complex negotiations, the people said, and any deal would reshape the Middle East’s political landscape.
Formula One rewrites the rule on shortened races
  + stars: | 2023-02-21 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
LONDON, Feb 21 (Reuters) - Formula One has rewritten a rule to ensure reduced points are given for shortened races after Red Bull's Max Verstappen clinched his second title in confusing circumstances last October. A statement of key decisions -- to be rubber-stamped by the FIA's World Motor Sport Council -- included a change of wording "to ensure that shorter races have reduced points even if they don’t finish with a suspended race." It turned out to be full points, enough for Verstappen to clinch the title with four races to spare. The FIA explained at the time that the reduced points rule only applied to grands prix that were suspended and could not be resumed. The meeting was chaired by Formula One Chief Executive Stefano Domenicali and FIA single-seater director Nikolas Tombazis.
A video of dozens of cats with glowing eyes was taken from Jeddah, Saudi Arabia, in November 2022, but users online are sharing the clip as if it were from the Feb. 6 earthquake in Turkey. An Instagram user shared the video on Feb. 7 with text on screen that says: “animals feeling the earthquake before the earthquake” (here). A search for cats with glowing eyes leads to a similar video from November 2022 licensed by Storyful (here), (here). Most of the clip shared online can be seen in a TikTok posted on Nov. 10, 2022 (here). A video of cats on the street originates from November 2022 in Saudi Arabia, not the Feb. 6 earthquake in Turkey.
Alonso hopes he can win with Aston Martin - eventually
  + stars: | 2023-02-13 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
Alonso has joined from Renault-owned Alpine on a multi-year contract -- believed to be two years plus an option -- and with his hunger undiminished. But at the same time we want to have a good car to start with and to work and develop that car throughout the season. Alonso has done a record 355 and is the oldest current driver on the grid. "We are looking forward to be fighting for world championships in the future. "We plan this year to make a step and next year make another step and the year after until we're winning and ultimately fighting for world championships."
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