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☆ Ukraine's peace summit lacks clout as Russia, China and others stay away
▼ + stars: | 2024-06-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukraine’s President Volodymyr Zelenskyy attends a military honour ceremony on June 7, 2024 in Paris, France. Marc Piasecki | Getty Images News | Getty ImagesUkraine's leadership has been talking about this weekend's peace summit in Switzerland for months, desperately trying to drum up international enthusiasm for — and investment in — Kyiv's peace plan. watch nowRussia has repeatedly slammed the gathering, saying a peace summit without its participation is meaningless. Ukraine's President Volodymyr Zelenskyy accused Russia and China of working together to sabotage the summit and pressurizing other countries not to attend. Dubovyk dismissed the absence of countries like China and Saudi Arabia, saying their presence at previous, similar meetings had not helped to bring peace closer.

Persons: Volodymyr Zelenskyy, Marc Piasecki, wasn't, Russia —, What's, Joe Biden, Kamala Harris, Jake Sullivan, Zelenskyy, Putin, Shelby Magid, Viola Amherd, Ignazio Cassis, Volodymyr Dubovyk, Dubovyk Organizations: Getty, Peace, Kremlin, CNBC, Kyiv, House, Omaha Beach, Anadolu, Council's Eurasia, Ukraine, Swiss, Democratic, Center for Locations: Paris, France, Switzerland, Peace, Ukraine, Swiss, Bürgenstock, Russia, China, Saudi Arabia, Brazil, India, South Africa, Turkey, Europe, Asia, Africa, Latin America, cyberattacks, Central, Eastern Europe, U.S, California, Hollywood, Moscow, Normandy, Ukrainian, Bern, Russian, Kharkiv

☆ Hattan Alsaif: ‘When I fight, I can feel my soul alive,’ says Saudi Arabia’s groundbreaking MMA star
▼ + stars: | 2024-05-10 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

Alsaif is acutely aware of her status as a trailblazer for female MMA fighters in Saudi Arabia and takes such a responsibility seriously. I feel I’m alive when I train, when I fight, in the gym – I can feel my soul alive. “When I breathe after the rounds, when I feel sick, when I feel tired, when I feel courage, when I feel scared, those moments, every part of that, it makes me feel alive. It’s something that means a lot to me.”Alsaif (right) competed in Muay Thai prior to MMA. Sadaa, coach of Saudi Arabia’s Muay Thai national team, has been central to Alsaif’s success, though his influence extends far beyond a sporting sphere.

Persons: Hattan, Saudi Arabia –, – Alsaif, “, ” Alsaif, I’m, “ It’s, Egypt’s Nada Faheem, Alsaif, ”, it’s, Abdullah Al, Feras Sadaa, Sadaa, Claressa Shields, Kelsey De Santis, ’ ” Organizations: CNN, CNN Sport, Professional Fighters League, wasn’t, Professional, League, Thailand –, Combat Games, Saudi Games, International Federation of Muaythai, Muay Thai, Al, SRJ Sports Investments Company, Saudi Arabia’s Public Investment Fund Locations: Riyadh, Saudi Arabia, Saudi, Thai, Thailand, East, North Africa, MENA

☆ Esports World Cup in Saudi Arabia, worth more than $60M, hopes to send ‘positive message’ to struggling industry
▼ + stars: | 2024-04-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Boasting the largest prize pool in esports history, this year’s inaugural 2024 Esports World Cup (EWC) could prove to be a pivotal moment for the industry. Clubs will be able to choose which games they participate in before the best performing team across the various championships will be crowned the ultimate Esports World Cup champion for the very first time. Ralf Reichert, CEO of the Esports World Cup Foundation, hopes this new competition in Saudi Arabia can be a game changer. “Setting the record for largest esports prize pool is a remarkable achievement, but what I’m most proud of is the positive message this sends to the wider esports and gaming community,” Reichert said in a statement. In 2023, Saudi launched ‘The National Gaming and Esports Strategy’ (NGES) which hopes to make the country the center of the competitive gaming world by 2030.

Persons: Ralf Reichert, ” Reichert, Saudi Arabia –, “, Prince Mohammed bin Salman, ” Organizations: CNN, Apex, EA Sports FC, of, League, Riot, New York Times, Saudi Arabia’s Public Investment Fund, Saudi, National Gaming, Saudi’s, New Global Sport Locations: Riyadh, Saudi Arabia, Saudi

☆ Can China play a role in avoiding an all-out war in the Middle East?
▼ + stars: | 2024-04-15 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“China calls on the international community, especially countries with influence, to play a constructive role for the peace and stability of the region,” the ministry added. The decision by Iran’s leaders to strike at Israel directly has pushed the shadow war between the two regional foes into the open. That’s why China does not condemn Iran,” said Yun Sun, director of the China program at the Washington-based Stimson Center think tank. Beijing meanwhile denounced the strike as a “barbarian act,” with protests erupting outside US diplomatic compounds across China. “For China, had US applies enough pressure on Israel, neither the Israeli attack nor the Iranian retaliation would have taken place.

Persons: Beijing’s, Antony Blinken, Wang Yi –, Saudi Arabia –, ”, William Figueroa, Figueroa, “, Xi Jinping, China’s, Iran ”, Israel, ” Figueroa, Wang Wenbin, Wang, Yun Sun, Bill Clinton, Jiang Zemin, ” Sun, Kishida, Jaishankar, Israel Katz, Hossein Amirabdollahian Organizations: Hong Kong CNN, Foreign Ministry, Washington, US State Department, Hamas, Beijing, Tehran, University of Groningen, Global Security Initiative, CNN, Chinese Foreign Ministry, Stimson, NATO, Embassy, Japan’s, Israel’s Foreign, Iranian Locations: China, Hong Kong, East, Iran, Israel, Beijing, Gaza, Tehran, Damascus, Republic, Turkey, Saudi Arabia, Palestinian, Red, Tehran –, Netherlands, underinvestment, United States, Israeli, Syria, Quds, Washington, Belgrade, That’s, Yugoslavia, Asia, ”, India, Philippines, Malaysia, Indonesia

☆ Jordan Henderson: After six months in Saudi Arabia, England international has returned to European soccer
▼ + stars: | 2024-01-19 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Soccer player Jordan Henderson has announced that he is returning to Europe to join Ajax, six months after making a controversial move to Saudi Arabia. Henderson makes a pass during the Saudi Pro League match between Al Ettifaq and Al Ittihad in November. Yasser Bakhsh/Getty ImagesHenderson’s move from Liverpool to Al-Ettifaq came under scrutiny given the midfielder’s previous support of LGBTQ rights. But in moving to Saudi Arabia – where same-sex sexual activity is an offense, according to Human Rights Watch – Henderson attracted criticism from LGBTQ campaign groups and the wider soccer community. He made 17 league appearances during his six months with Al Ettifaq, which is managed by Liverpool great Steven Gerrard.

Persons: Jordan Henderson, “, I’ve, Ettifaq, Samer Al Misehal, ”, “ Jordan, he’d, Saad Allazeez, Henderson, Al Ettifaq, Yasser Bakhsh, – Henderson, ” Henderson, Cristiano Ronaldo, Karim Benzema, Steven Gerrard Organizations: CNN — Soccer, Ajax, England, Saudi Pro League, Al, Twitter, Jordan, ESPN, SPL, Stonewall, Saudi Arabia –, Human Rights, Liverpool, Athletic, Champions League, Premier League Locations: Europe, Saudi Arabia, Al Ittihad, Liverpool, Al

☆ Blinken says progress made on Middle East trip despite few tangible results
▼ + stars: | 2023-11-06 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +7 min

Ankara, Turkey CNN —Secretary of State Antony Blinken on Monday asserted he made progress on the goals he set for a whirlwind Middle East trip as he departed with few tangible results to show for a flurry of meetings with leaders about the Israel-Hamas war. Meanwhile, the civilian death toll in the war-torn Gaza Strip is mounting, and concerns about regional conflagration loom large. There have been no further releases of any hostages held by Hamas since Israel escalated its offensive in Gaza. But we also believe that a pause could help advance that proposition as well,” Blinken said Monday. Throughout the trip, Blinken repeatedly spoke of the need to discuss the “day of” but also the “day after” for the region and Gaza.

Persons: Antony Blinken, Jordan, we’ve, ” Blinken, “, Majed Al, Ansari, –, we’re, Blinken, Benjamin Netanyahu, Joe Biden, Netanyahu “, “ We’ve, Saudi Arabia –, ”, Mahmoud Abbas, Ayman Safadi Organizations: Turkey CNN —, West Bank, Tokyo, CNN, Qatari Ministry of Foreign Affairs, State Department, United Arab, Palestine Liberation Organization, Palestinian Authority, Palestinian, West Bank . Locations: Ankara, Turkey, Israel, Gaza, Iraq, Qatari, Qatar, Washington, Amman, Jordan, Egypt, United Arab Emirates, Saudi Arabia, Jordanian

☆ Saudi Arabia is pouring billions into soccer, golf, and Formula 1. Its crown prince doesn't care if anyone calls it 'sportswashing.'
▼ + stars: | 2023-09-30 | by ( George Glover | ) www.businessinsider.com time to read: +9 min

Saudi Arabia is pouring billions into sports in a bid to transform its economy. Crown Prince Mohammed bin Salman has made the sector a key part of his Vision 2030 plan. But the reality is that the crown prince has a grander ambition: to level up Saudi Arabia's economic growth. "But Saudi Arabia is piling into other sports too, because they want to achieve a lot in a short period of time." AdvertisementAdvertisementAs Crown Prince Mohammed made clear last week, all this forms part of a broader strategy to supercharge Saudi Arabia's economy through investment.

Persons: Prince Mohammed bin Salman, bankrolled, —, Cristiano Ronaldo, Phil Mickelson, Anthony Joshua, –, Jamal Khashoggi, they've, Steve Luciano, AP Ronaldo, Al Nassr, Ballon, Karim Benzema, Neymar, Sadio, PIF, LIV Golf, Mickelson, Dustin Johnson, Brooks Koepka, LIV, Joshua, that's, Tyson Fury, Oleksandr Usyk, Frank Warren, Prince Mohammed, Mohammed bin Salman, Leon Neal, Simon Chadwick, Chadwick, megastars, Ronaldo –, Salman, bin Salman, Saudi Arabia –, St Andrews, Nick Kyrgios, who've, Elsa, he'd, they'll Organizations: Newcastle United, Service, Washington Post, Saudi, Investment Fund, Premier League, UEFA Champions League, Saudi Public Investment Fund, Newcastle, AP, Saudi Pro League, Georgetown University Qatar, PGA, WWE, Fox News, SKEMA Business School, Indian Premier League, FIFA Locations: Saudi Arabia, Saudi, England, Riyadh, Brazil, Liverpool, Kingdom, Jeddah, Lille, France, Reiche, Iran, Miami, Augusta, bankroll

☆ Oil prices hit 10-month high after Libya flood catastrophe
▼ + stars: | 2023-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

US oil prices popped 2.3% to as much as $89.29 a barrel, also the highest level since November. The latest rally for oil prices will continue to push up prices at the pump for consumers and add to inflation across the US economy. Gasoline prices, which lag oil prices, have edged higher this week as a result of that announcement. The EIA also raised its forecast for diesel and oil prices for the fourth quarter of this year and first quarter of next year. If these forecasts hold true, energy prices will continue to complicate central bankers’ efforts to tame inflation.

Persons: Brent, ”, Matt Smith, “, Smith Organizations: New, New York CNN, “, Americas, AAA, Government, US Energy Information Administration, Energy Department, EIA Locations: New York, Libya, “ Libya, Kpler, Russia, Saudi Arabia

CNN —A Saudi court has sentenced a retired teacher to death over his comments online, say his brother and advocacy group Human Rights Watch. Muhammad al-Ghamdi, a 54-year-old retired Saudi teacher, was sentenced “following 5 tweets criticizing corruption and human rights violations,” his brother Saeed bin Nasser al-Ghamdi tweeted last week. According to the European Saudi Organization for Human Rights, Saudi Arabia has executed at least 92 people this year so far. In 2022, UK-based human rights organization ALQST cataloged 148 executions in Saudi Arabia – more than twice the number of executions it recorded in 2021. “The Saudi authorities asked me several times to return to Saudi Arabia, but I refused to do so.

Persons: Muhammad al, “, Saeed bin Nasser, Ghamdi, ” Joey Shea, Lina Alhathloul, Loujain, ”, Saeed Organizations: CNN, Saudi, Human Rights Watch, ‘, Human Rights, European Saudi Organization for Human Rights, Saudi Arabia’s Ministry of Justice, Ministry of Interior Locations: Saudi, Saudi Arabia, United Kingdom

☆ Olam Group targets Olam Agri dual IPO as early as first half of 2023
▼ + stars: | 2023-01-10 | by ( Yantoultra Ngui | ) www.reuters.com time to read: +1 min

SINGAPORE, Jan 10 (Reuters) - Singapore commodity trader Olam Group on Tuesday said it plans to conduct an initial public offering (IPO) for majority-owned Olam Agri Holdings as early as the first half of this year, listing the unit domestically and concurrently in Saudi Arabia. A concurrent listing on the Saudi Exchange would make Olam Agri the first company to list in both countries and the first non-Gulf Cooperation Council incorporated business to list in Saudi Arabia. The plan comes weeks after Olam Group completed the sale of 35.43% of Olam Agri to Saudi Agricultural & Livestock Investment Co for $1.24 billion, giving the unit an equity valuation of $3.5 billion. Olam Group continues to own the remainder. Olam Group said the IPO may involve a domestic and global sale of shares it holds in the unit as well as new Olam Agri shares.

☆ President Xi says China wants to buy more oil from Saudi Arabia – and that could eat away at the dollar, a think tank strategist says
▼ + stars: | 2022-12-09 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

China is willing to import more oil from Saudi Arabia, President Xi Jinping said Friday. That could spur "de-dollarization", if Saudi Arabia agrees to accept yuan payments. He also agreed to step up coordination with Saudi Arabia on energy policy in his meeting with Crown Prince Mohammed bin Salman. "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia," Luft said. The western sanctions against Russia have led to a cooldown in the relationship between the US and both China and Saudi Arabia.

☆ Why are there so many shock results at this World Cup?
▼ + stars: | 2022-12-03 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

We’ve seen plenty of World Cup shocks over the years, but this year’s edition has seen more than most. Lionel Hahn/Getty ImagesA World Cup like no otherThis World Cup is a first for many reasons. The World Cup’s natureGiven the nature of the World Cup – teams thrown together in a tournament setting from across the globe – fans often see clashes which they’re not accustomed to. This concoction has, over the 90 years of the World Cup, regularly led to shock results. From the US beating England in 1950 and North Korea upsetting Italy in 1966 to Senegal beating defending champion France in 2002 and Algeria – in its World Cup debut – beating West Germany in 1982, World Cup history is littered with surprises.

☆ Why Saudi Arabia is hosting one of the world's biggest raves
▼ + stars: | 2022-11-30 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +14 min

The kingdom’s Soundstorm music festival, which began in 2019, is back again for its fourth year and will start on Thursday. “(It) is a particularly powerful example because it seeks to bring together young people and women from across Saudi Arabia and the world,” she said. By contrast, Las Vegas’ Electric Daisy Carnival, considered North America’s biggest dance music festival, had an attendance of over 400,000 this year. Last year, Human Rights Watch (HRW) said that performers should either “speak up” about Saudi Arabia’s human rights violations or not attend the festival at all. Some however argue that opening up countries to international norms and values can allow for better discussion on human rights shortcomings.

☆ Tightening oil supply will drive crude oil prices to $115 a barrel by April, Goldman Sachs strategist says
▼ + stars: | 2022-11-01 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Oil benchmarks could pass $115 a barrel by the end of the first quarter of 2023, according to Goldman Sachs' Jeff Currie. Tightening supply will drive crude prices higher, the bank's head of commodities research said. These could all drive crude prices higher. Crude oil prices have risen in this year, thanks to the fallout from Russia's war on Ukraine. Strategists expect the move to drive up oil prices, as it could impact supply.

☆ BTS to reunite for free concert in South Korea
▼ + stars: | 2022-10-14 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

K-pop boy band BTS is reuniting on Saturday for a concert in the southern port city of Busan, which the city and the South Korean government hope will help win a bid to host the World Expo 2030. Four countries – South Korea, Italy, Ukraine and Saudi Arabia – have submitted competing candidatures to organize World Expo 2030, according to the expo organizing body Bureau International des Expositions. The host country of the World Expo 2030 is expected to be elected next year. In July, BTS were made official ambassadors for the World Expo 2030 in Busan. Last year, BTS became the first Asian band to win artist of the year at the American Music Awards.

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