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☆ Soldier with Yemen’s exiled government opens fire, killing 2 Saudi troops and wounding another
▼ + stars: | 2024-11-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

A soldier for Yemen’s exiled government opened fire on Saudi troops as they exercised in eastern Yemen, killing two of them and wounding another in a rare insider attack during the kingdom’s nearly decadelong war there, officials said Saturday. The assault in eastern Hadramawt province comes as a yearslong cease-fire between Saudi Arabia and Yemen’s Houthi rebels largely has held despite the militants’ ongoing attacks against shipping in the Red Sea corridor. The attack on the Saudi troops took place Friday night in Seiyun, a city some 310 miles east of Sanaa. As troops worked out at a Saudi-led base there, the soldier opened fire, killing an officer and a noncommissioned officer, the state-run Saudi Press Agency said, citing a military statement. A Saudi-led coalition entered the war on behalf of Yemen’s exiled government in 2015.

Persons: Yemen’s, Wolf, Saudi solider, Aidarous, Hamid Rizq, ” Rizq, Mohammad Bagheri, Fayyad bin Hamid Al, Ruwaili Organizations: Saudi, Saudi Press Agency, Joint Forces Command, Yemeni Ministry of Defense, Yemen’s successionist Southern Transitional Council, First, Seiyun . Police, Authorities, United, Associated Press, Saudi Arabian Locations: Saudi, Yemen, Hadramawt, Saudi Arabia, U.S, Seiyun, Sanaa, Yemen’s successionist Southern, United Nations, Iran, Israel, Gaza, Lebanon, Amran, Houthi, Tehran

☆ Saudi Arabia is pulling back on a global spending spree to focus on its own projects
▼ + stars: | 2024-10-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Now the Kingdom plans to cut its foreign investment to prioritize domestic spending. AI is the new focus of investment as Saudi Arabia looks to position itself as a global technology hub. AdvertisementSaudi Arabia is pulling back on its global spending spree to focus on domestic investments. In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The new focus on domestic investment comes as Saudi Arabia's spending on Neom, its futuristic megacity in the desert, hit $1 trillion.

Persons: —, Yasir Al Rumayyan, we've, Al Rumayyan, Yasir Al, Rumayyan, Hamad I Mohammed, Uber, Andreessen Horowitz Organizations: Service, Public Investment Fund, Future Investment, Economic, REUTERS, Investors, Saudi Press Agency, Financial Times, Saudi, AI, Bloomberg, Sindalah Locations: Saudi, Saudi Arabia, Riyadh, Davos, Switzerland, Neom

☆ Top U.S. Official Visits Israel as Allies Urge Limits on Rafah Incursion
▼ + stars: | 2024-05-19 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +4 min

The United States has repeatedly called on Israel not to launch a full-scale invasion of Rafah, the southernmost city in Gaza. Earlier this month, President Biden said in an interview with CNN that the United States would not supply weapons for a major Israeli offensive in Rafah. Hamas said its fighters had fired on Israeli troops in eastern Rafah and close to the Rafah border crossing with Egypt. In the interim, tensions between the United States and Israel over the Rafah invasion and Israel’s conduct of the war have escalated. Mr. Sullivan is expected to try to advance the deal in his meeting with the Israeli leader.

Persons: Jake Sullivan, Benjamin Netanyahu, John Kirby, Sullivan, Netanyahu, Elizabeth Frantz, Biden, Lloyd Austin, Antony J, Blinken, Crown Prince Mohammed bin Salman, Prince Mohammed, Vivian Nereim Organizations: U.S, Sunday, United, White House, Washington . Credit, Reuters, CNN, Crown, Saudi Press Agency Locations: United States, Israel, Rafah, Gaza, Washington ., Egypt, Qatar, Saudi Arabia, Palestinian, U.S, Saudi

Sitting together last month, Graham and MBS spoke with Trump for roughly five minutes, two people familiar with the call told CNN. The call encapsulates how Trump looms over an agreement that US, Israeli and Saudi officials all see as vital to achieving lasting stability in the Middle East. Graham informed Biden officials of the call between MBS and Trump and says they understand why he wants to keep Trump in the loop. With the election looming and the region engulfed by turmoil over Israel’s war in Gaza, the window of opportunity is rapidly shrinking, people involved in the negotiations told CNN. “I think President Trump understands this is building on what he did,” Graham told CNN.

Persons: South Carolina Republican Sen, Lindsey Graham, Prince Mohammad Bin Salman, — Donald Trump, Graham, Joe Biden, Salman, Biden’s, Trump, Abraham, Biden, Donald Trump, Saudi Crown Prince Mohammed bin Salman, Evan Vucci, ”, ” Trump, “ They’re, That’s, “, ” Graham, Jamal Khashoggi, Sen, X.com Graham, Bibi Netanyahu, Benny Gantz, Jake Sullivan, Amos Hochstein, Antony Blinken, Jake, ” CNN’s Alex Marquardt Organizations: CNN, South Carolina Republican, Biden Administration, Trump, Saudi, Abraham Accords, Saudi Crown, White, MBS, New York Times, Biden, Republican, Graham, Saudi Press Agency, Israel, President’s National, US Locations: Saudi Arabia, Israel, Iran, Saudi, Palestine, Bahrain, UAE, Washington, Gaza, Riyadh, NATO, Palestinian

☆ Saudi Arabia to chair UN forum on women’s rights and gender equality
▼ + stars: | 2024-03-28 | by ( Jennifer Hauser | ) edition.cnn.com time to read: +2 min

CNN —A decision by the United Nations to appoint Saudi Arabia as the chair of a gender equality forum has been criticized by women’s rights advocates. The UN’s Commission on the Status of Women (CSW) unanimously appointed Saudi Arabia to chair its 69th session in 2025, according to the Saudi Arabia Mission to the UN. “The Commission on the Status of Women has a clear mandate to promote women’s rights and gender equality and it is vital for the chair of the commission to uphold this. “Saudi Arabia cannot prove its commitment to women’s rights merely by securing a leadership role in the commission. The Saudi government website “Saudi Vision 2030” says it aims for “a strong, thriving, and stable Saudi Arabia that provides opportunity for all.”The Saudi Press Agency added, “The Saudi Vision 2030 also included priorities and targets that focused on women’s full participation at all levels and investing their energies in a manner consistent with their enormous capabilities.”

Persons: Abdulaziz Alwasil, Tadros, ” Tadros, “, persecutes Organizations: CNN, United Nations, Saudi Arabia Mission, UN, Amnesty International, Rights Watch, Saudi Press Agency, Saudi Locations: Saudi Arabia, Saudi, “ Saudi Arabia

☆ Oil prices slip after OPEC+ extends voluntary oil output cuts until mid-year
▼ + stars: | 2024-03-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded down 0.19% at $79.82 per barrel. OPEC+ announced on Sunday that the 2.2 million barrels per day of voluntary output cuts that were planned for the first quarter of this year will continue into the next quarter. OPEC+ kingpin and de facto leader Saudi Arabia said it will prolong its voluntary cut of 1 million barrels per day until the end of the second quarter, state-owned Saudi Press Agency said Sunday. Riyadh's crude production will stand at approximately 9 million barrels per day until the end of June.

Persons: Brent Organizations: OPEC, Global, U.S, West Texas Intermediate, Saudi Press Agency Locations: OPEC, Saudi Arabia

☆ OPEC to Extend Oil Production Cuts Through June
▼ + stars: | 2024-03-03 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. The decision to keep output cuts in place was expected and appears intended to bolster what might otherwise be weak oil prices. Some analysts forecast that the supply of oil will exceed demand in the first half of this year. Without continued cuts, prices might sink. Saudi Arabia described the move as “precautionary.” Holding back oil production has “the aim of supporting the stability and balance of oil markets,” the kingdom said in a statement carried by the official Saudi Press Agency.

Persons: ” Organizations: Organization of, Petroleum, United Arab Emirates, Saudi Press Agency Locations: Saudi Arabia, Saudi, Kuwait

☆ Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
▼ + stars: | 2024-03-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude supply cuts until the end of the second quarter. Saudi Arabia will stretch out its voluntary crude production cut of 1 million barrels per day until the end of the second quarter, the state-owned Saudi Press Agency said Sunday, citing an official source from the country's Ministry of Energy. Riyadh's crude production will be approximately 9 million barrels per day until the end of June, the announcement said. Back in November, OPEC+ countries had held a formal policy of collectively reducing their output by 2 million barrels per day until the end of 2024. Unlike formal policy changes, voluntary cuts do not require the group's unanimous consent during an official meeting and bypass the need to distribute production cuts or increases among OPEC+ members.

Persons: Energy Prince Abdulaziz bin Salman al, Saud, Alexander Novak, —, Prince Abdulaziz bin Salman Organizations: Saudi, Energy, OPEC, Organization for, Petroleum, Saudi Press Agency, country's Ministry of Energy, Tass, Moscow, Google, INA, Hamas, Saudi Energy Locations: Vienna, Saudi Arabia, Russia, OPEC, Riyadh, Moscow, Russian, Iraq, UAE, Iran, Gaza, China, Aramco

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ U.S. crude declines as skepticism mounts over OPEC+ cuts
▼ + stars: | 2023-11-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude declined Thursday, erasing early gains, as traders grew more convinced that OPEC+, a group composed of OPEC plus its oil-producing allies, will not deliver on promised output cuts. Riyadh agreed to extend its voluntary production cut of 1 million barrels per day, a source in the Energy Ministry told the Saudi Press Agency. Iraq is cutting by 223,000 bpd, the United Arab Emirates 163,000 bpd, Kuwait 135,000 bpd, Kazakhstan 82,000 bpd, Algeria 51,000 bpd and Oman 42,000 bpd. OPEC+ has a major problem when it comes to cohesion and compliance on output cuts, said John Kilduff of Again Capital. "They have their hands full and to me it's not going to prove to be a winning strategy for them," he said of the output cuts.

Persons: Brent, Alexander Novak, Phil Flynn, Flynn, John Kilduff, Kilduff, CNBC's, it's Organizations: West Texas Intermediate, Energy Ministry, Saudi Press Agency, United Arab Emirates, Traders, Price Futures, U.S, OPEC, CNBC PRO Locations: OPEC, Saudi Arabia, Riyadh, Iraq, Kuwait, Kazakhstan, Algeria, Oman, Russia, Asia, China

☆ Dow gains 520 points as US stocks notch their best month this year
▼ + stars: | 2023-11-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —The Dow reached a new high for the year Thursday as easing inflation data and strong third quarter earnings from Salesforce shot the benchmark index 520 points, or 1.5% higher. The S&P 500 rose more than 8% this month and the Nasdaq was up about 10%, marking their best month since July 2022. The Dow, meanwhile, managed to shake off a three-month losing streak, also rising by about 8.8% and notching its best month since October 2022. October’s Personal Consumption Expenditures Index, the Fed’s favored inflation gauge, fell to its lowest level since the spring of 2021. Analysts expect that the stock market’s strong performance will continue through December in a so-called Santa Claus rally.

Persons: Dow, John Williams, it’s, Santa Claus, “, ”, Cory Mitchell Organizations: New, New York CNN, Nasdaq, Nvidia, Meta, of Labor, Federal Reserve, New York Fed, Saudi Press Agency, Analysts Locations: New York, United States, Saudi Arabia, Santa

Mahmoud Abbas, leader of the Palestinian Authority, attending an emergency meeting in Riyadh. Photo: SAUDI PRESS AGENCY/AFP via Getty ImagesIsrael is diverging from the U.S. and Arab world on a postwar solution for Gaza, after Prime Minister Benjamin Netanyahu ruled out a role for the Palestinian Authority, which Washington and some Arab leaders prefer to take over from Hamas. Netanyahu, under pressure from his right-wing political base, said Saturday Israel wants a solution other than the Palestinian Authority, led by President Mahmoud Abbas . The Israeli leader didn’t put forward an alternative, saying only that Israel wants to avoid governing Gaza and needs to maintain security control over the strip after it defeats Hamas, which Netanyahu has sworn to do.

Persons: Mahmoud Abbas, Benjamin Netanyahu, Netanyahu, Israel, didn’t Organizations: Palestinian Authority, Photo, SAUDI PRESS, Getty Images Israel Locations: Riyadh, U.S, Gaza, Washington

☆ Erdogan says legal amendment could be needed to solve Turkish judicial crisis
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan attends Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. "It is not difficult to make legal arrangements regarding individual applications (to the Constitutional Court)," Erdogan told reporters on a flight back from Saudi Arabia, according to a text published by his office on Sunday. "But the work is not done after completing the legal amendments on individual applications," he added, signalling that more legal changes on the matter could be considered. At issue is a ruling by the Constitutional Court last month that jailed parliamentarian Can Atalay should be released. In response to the Constitutional Court ruling, the Court of Cassation said the Constitutional Court's ruling was unconstitutional.

Persons: Tayyip Erdogan, Erdogan, Osman, Cassation, Ozgur Ozel, Huseyin Hayatsever, William Maclean Organizations: Islamic Cooperation, Saudi Press Agency, Handout, Rights, Constitutional, Cassation, CHP, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA

☆ Turkey calls for international conference to reach permanent peace in Middle East
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.

Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian

☆ Sepahan: Iranian soccer club punished and fined $200,000 for displaying slain’s commander bust that forced cancelation of match against Saudi team
▼ + stars: | 2023-11-03 | by ( Ben Morse | Mostafa Salem | Adam Pourahmadi | ) edition.cnn.com time to read: +3 min

CNN —Iranian soccer club Sepahan has been punished by the Asian Football Confederation (AFC) for displaying a bust of a divisive general, who was assassinated by the United States in 2020, which caused the cancelation of a game against a Saudi team. The Quds Force is an elite unit that handles Iran’s overseas operations – and one designated as a terrorist organization by the US and Saudi Arabia. He was killed in 2020 by a US drone strike ordered by then US President Donald Trump. A picture, obtained by AFP from the Iranian news agency Tasnim, showing Sepahan players leaving the pitch after the cancellation of the match in Isfahan, Iran. After playing three Asian Champions League Group C matches, Al-Ittihad tops the group with nine points after a trio of wins, with Sepahan in third place on four points.

Persons: Qasem Soleimani, ’ Al, Ittihad, ”, Soleimani, Donald Trump, Morteza Salehi, Mohammad Reza Saket Organizations: CNN, Iranian, Sepahan, Asian Football Confederation, AFC, Saudi, Al, Jahan, Asian Champions League, Iranian Revolutionary Guards, Force, ” Sepahan, Sport, Quds Force, US, Saudi Press Agency, AFP, Getty, Asian Champions League Group Locations: United States, Ittihad, Naghsh, Isfahan, Iran, Saudi Arabia, China, Tehran, Riyadh, AFP, Al

☆ South Korea economic growth to exceed potential rate in 2024, Yoon says
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

President of South Korea Yoon Suk-Yeol speaks at the opening session of Saudi Arabia's Future Investment Initiative conference in Riyadh, Saudi Arabia, October 24, 2023. South Korea's potential growth rate - the maximum economic growth that can be achieved without triggering inflationary pressure - is estimated to be around 2%, policymakers have said. In a Reuters survey conducted early this month, economic growth was forecast to slow to 1.2% in 2023 from 2.6% in 2022, followed by a recovery to 2.1% in 2024. The government in August unveiled its 2024 budget plan that included the smallest increase in two decades amid weakening tax revenue due to slower economic growth. He also pledged South Korea would maintain mutually beneficial cooperation with China, South Korea's largest trading partner.

Persons: South Korea Yoon Suk, Yoon Suk Yeol, Yoon, 1,348.7800, Jihoon Lee, Ed Davies Organizations: South, Saudi, Future Investment Initiative, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Gross, Bank of, Thomson Locations: South Korea, Riyadh, Saudi Arabia, Rights SEOUL, United States, Bank of Korea, Washington, China, South

☆ Saudi defense minister expected to visit White House on Monday, Axios reports
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Saudi's new Defence Minister, Prince Khalid bin Salman chairs his first meeting with military officials in the Ministry of Defence in Riyadh, Saudi Arabia, September 28, 2022. Saudi Press Agency/Handout via REUTERS/File photo Acquire Licensing RightsWASHINGTON, Oct 28 (Reuters) - Saudi Arabian Defense Minister Prince Khalid bin Salman is expected to visit Washington on Monday for meetings with senior Biden administration officials, Axios reported on Saturday, citing three sources with knowledge of the trip. Khalid bin Salman is expected to meet with White House national security adviser Jake Sullivan, Secretary of Defense Lloyd Austin, Secretary of State Antony Blinken and several senators, according to the Axios report. The White House National Security Council told Reuters it had nothing to confirm when asked about the possible visit. U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on a call on Tuesday discussed efforts to prevent the Israel-Hamas conflict widening.

Persons: Prince Khalid bin Salman, Axios, Khalid bin Salman, Jake Sullivan, Defense Lloyd Austin, Antony Blinken, Joe Biden, Mohamed bin Salman, Biden, Michael Martina, Daniel Wallis Organizations: Defence Minister, Ministry of Defence, Saudi Press Agency, Handout, REUTERS, Rights, Saudi Arabian Defense, Washington, Biden, Saturday, Hamas, White House, Defense, White House National Security Council, Reuters, Saudi Arabian, Palestinian, Thomson Locations: Riyadh, Saudi Arabia, Israel, Gaza

☆ South Korea's Hyundai, Saudi Aramco clinch $2.4 bln gas plant deal
▼ + stars: | 2023-10-24 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

[1/2] General view of the summit between President of South Korea, Yoon Suk-Yeol and Saudi Arabia's Crown Prince, Mohammed bin Salman in al Yamamah Palace in Riyadh, Saudi Arabia October 22, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsSEOUL, Oct 24 (Reuters) - South Korea's Hyundai Engineering & Construction (000720.KS) and Hyundai Engineering have signed a $2.4 billion contract with oil giant Saudi Aramco (2222.SE) to build a gas processing plant, Seoul's presidential office said on Tuesday. Jafurah is Saudi's largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet (5.7 trillion cubic metres) of raw gas. State-run Korea National Oil Corp also clinched a storage deal with Aramco during Yoon's visit that allows the Saudi company to store 5.3 million barrels of oil in South Korea's reserve facilities in the port of Ulsan for five years. After a four-day stay in Riyadh, Yoon left for Doha on Monday where he will attend an international horticultural expo before holding a summit on Tuesday with Qatar's Emir Sheikh Tamim bin Hamad al-Thani, his office said.

Persons: Yoon Suk, Saudi Arabia's Crown Prince, Mohammed bin Salman, Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Emir Sheikh Tamim bin Hamad, Hyonhee Shin, Tom Hogue Organizations: Saudi Arabia's Crown, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Hyundai Engineering, Construction, Saudi Aramco, South Korean, Hyundai Motor Group, Hyundai, Aramco, Saudi Crown, Saudi, Hamas, Korea National Oil Corp, Doha, Thomson Locations: South Korea, al Yamamah, Riyadh, Saudi Arabia, Rights SEOUL, Saudi, Israel, South Korea's, Ulsan, Thani

☆ Saudi Arabia launches Esports World Cup - statement
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia's Crown Prince, Mohammed bin Salman speaks with FOX News Channel, in an interview aired September 21, 2023, Neom, Saudi Arabia, Saudi Press Agency/Handout via REUTERS/File Photo Acquire Licensing RightsRIYADH, Oct 23 (Reuters) - Saudi Arabia said on Monday it was launching an annual Esports World Cup, which will include the most popular games in the world and have the largest prize pool in esports history. The competition will be held annually in Riyadh starting summer 2024, a statement from Saudi Crown Prince Mohammed bin Salman said. Clubs will compete across games from various genres to become the ultimate Esports World Cup champion, the statement said. Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, said last year it will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making Saudi Arabia a global hub for gaming. "The Esports World Cup is the natural next step in Saudi Arabia's journey to become the premier global hub for gaming and esports, offering an unmatched esports experience that pushes the boundaries of the industry," the crown prince was quoted in the statement as saying.

Persons: Crown Prince, Mohammed bin Salman, Saudi Crown Prince Mohammed bin Salman, Aziz El Yaakoubi, Ros Russell Organizations: Saudi, Crown, FOX News, Saudi Press Agency, Handout, REUTERS, Rights, Saudi Crown, Clubs, Sports, Thomson Locations: Neom, Saudi Arabia, Rights RIYADH, Riyadh, Saudi

☆ Saudi is wild card in Middle East’s new turmoil
▼ + stars: | 2023-10-18 | by ( George Hay | ) www.reuters.com time to read: +8 min

Saudi Crown Prince Mohammed bin Salman attends the 18th consultative meeting of the leaders of the GCC & the Gulf summit with the central Asian countries C5, in Jeddah, Saudi Arabia, July 19, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsLONDON, Oct 18 (Reuters Breakingviews) - Mohammed bin Salman is the wild card in the Middle East’s new conflict. Saudi Arabia also needs prices above $85 a barrel in order to balance its budget. Saudi Arabia also needs to consider the views of international investors, though. For now, Saudi Arabia can count on the support of global bankers and fund managers.

Persons: Prince Mohammed bin Salman, Mohammed bin Salman, Joe Biden, Benjamin Netanyahu, Israel’s, Biden, Netanyahu, International Energy Agency reckons, Jamal Khashoggi, nix, Larry Fink, JPMorgan’s, Jamie Dimon, Israel, Antony Blinken, Jordan, ” Blinken, ”, “, Hossein Amirabdollahian, Al Jazeera, Peter Thal Larsen, Oliver Taslic Organizations: GCC, Saudi Press Agency, Handout, REUTERS Acquire, Reuters, Hamas, Israel . U.S, MbS, United, Gaza, International Energy Agency, Reuters Graphics Reuters, Saudi, kingdom’s Public Investment Fund, U.S, PGA, Foreign Investment, Telefonica, STC, BlackRock’s, Future Investment, United States, Diplomats, don’t, Palestinian, Israeli, United Arab, Iran’s, Thomson Locations: Saudi, Jeddah, Saudi Arabia, Israel, Iran, Palestinian, Israel ., United States, Gaza, OPEC, Russia, Saudi Aramco, Riyadh, Palestine, United, Amman, Jordan, Bahrain, Qatar, United Arab Emirates, Egypt, Lebanon, America

CAIRO (AP) — U.S. Secretary of State Antony Blinken will return to Israel this week after completing a frantic six-country rush through Arab nations aimed at preventing the Israel-Hamas war from igniting a broader regional conflict. It was the last of Blinken's meetings with Arab leaders amid increasing fears that an impending Israeli ground offensive into Gaza could spark a wider war with devastating humanitarian consequences. In his talks with Arab leaders Blinken has stressed the importance of not allowing that to happen. The Arab leaders have also said the current situation cannot be resolved without an Israeli-Palestinian peace deal that gives the Palestinians an independent state. After the attacks, Blinken changed his plans so he could get to Israel quickly to show solidarity.

Persons: Antony Blinken, Israel —, Abdel Fattah al, Matthew Miller, ” Miller, Blinken, Saudi Crown Prince Mohammed bin Salman, Wang Yi, Joe Biden, Benjamin Netanyahu, Mahmoud Abbas, Israel, Prince Mohammed, “, ” Organizations: —, U.S . State Department, Saudi Crown, United Arab, Palestinian Authority, Foreign, U.S ., Saturday, Hezbollah, Israeli, Saudi, State Department, Saudi Press Agency Locations: CAIRO, Israel, Cairo, Gaza, Tel Aviv, Egypt, Riyadh, United Arab Emirates, Bahrain, Qatar, Jordan, Iran, Syria, States, Saudi, Saudi Arabia

☆ Iranian, Saudi Leaders Speak by Phone
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: 1 min

Saudi Crown Prince Mohammed bin Salman and Iranian President Ebrahim Raisi discussed the conflict in a phone call Wednesday, according to state media in both countries, marking the first such call since diplomatic ties were restored in March. The Saudi Press Agency reported that Mohammed said Riyadh was making a “maximum effort” to engage with regional and international parties and prevent a further escalation. Asked about the call, a U.S. official said it was important that Iran not act on the current situation. “With the detente of Saudi Arabia and Iran formalized in March, I assume the crown prince thought this was an apt moment,” the official said. “We’re asking all our partners to work with Hamas, Hezbollah and Iran.”

Persons: Prince Mohammed bin Salman, Ebrahim Raisi, Mohammed, “ We’re, ” Organizations: Saudi Press Agency, U.S, Hamas Locations: Saudi, Riyadh, Iran, Saudi Arabia

☆ Israel Gaza war: Growing humanitarian crisis in Gaza, Israel forms war cabinet and prepares hospitals as troops mass
▼ + stars: | 2023-10-12 | by ( Nada Bashir Kareem El Damanhoury Ali Younes Mohammed Tawfeeq Rhea Mogul | Nada Bashir | Kareem El Damanhoury | ) edition.cnn.com time to read: +10 min

Gaza’s only power station stopped working on Wednesday after running out of fuel, the head of the Gaza power authority Galal Ismail told CNN. So death was a blessing,” he told CNN, his voice broken, tears streaming down his tired, ashen face. Izzat al-Risheq, a senior Hamas official, told CNN on Wednesday that it’s too early to exchange Israeli hostages. “We are extremely worried that what is happening now is totally unprecedented,” Najla Shawa, an Oxfam worker in Gaza, told CNN. “I was sleeping, and then suddenly everything started falling on us,” one little girl waiting in a hospital with blood all over her face, told CNN.

Persons: Jerusalem CNN —, Israel, ’, Israel’s, Yahya Hassouna, Galal Ismail, Karama, “, we’re, Jonathan Conricus, Khan, Ibraheem Abu Mustafa, Benjamin Netanyahu, Benny Gantz, Gantz, Netanyahu, Yoav Gallant, ” Gantz, Abir, Mahmoud Abbas, Antony Blinken, Abbas, King Abdullah II of Jordan, Mohammed Bin Salman, Ebrahim Raisi, Tom Hand, Emily, wasn’t, ”, Izzat, it’s, Risheq, Baz Ratner, Fabrizio Carboni, ” Carboni, Najla Organizations: Jerusalem CNN, Palestinian, Getty, Palestinian Health Ministry, United Nations Office, of Humanitarian Affairs, CNN, Israel Defence Force, Reuters, National Unity Party, Alternate, Defence, Chagall State, Palestinian Authority, Palestine Liberation Organization, PLO, West Bank, Oslo Accords, Israel, Saudi Arabia’s Crown, Saudi Press Agency, Hamas, International IDF, Kibbutz, International Committee, Cross, ICRC, UN, Oxfam Locations: Gaza, Jerusalem, Israel, Gaza City, AFP, Al, Khan Younis, Chagall, Abir Sultan, Amman, Oslo, Doha, Qatar, Egypt, Kibbutz Be'eri, “

☆ Saudi Crown Prince and Iranian President Discuss Conflict
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

Saudi Crown Prince Mohammed bin Salman and Iranian President Ebrahim Raisi discussed the conflict in Israel and Gaza in a call Wednesday, Iranian and Saudi state media reported Thursday. The Saudi Press Agency reported that Raisi made the call to the Saudi leader, who said Saudi Arabia was making a "maximum effort" to engage with regional and international parties and prevent a further escalation. The crown prince added that the kingdom was opposed to any form of civilian targeting and the loss of innocent lives.

Persons: Prince Mohammed bin Salman, Ebrahim Raisi, Raisi Organizations: Saudi Press Agency Locations: Saudi, Israel, Gaza, Saudi Arabia

☆ Bust of slain commander forces cancellation of soccer match between Iranian and Saudi teams
▼ + stars: | 2023-10-03 | by ( Mostafa Salem | ) edition.cnn.com time to read: +4 min

The Quds Force is an elite unit that handles Iran’s overseas operations – and one designated as a terrorist organization by the US and Saudi Arabia. Riyadh severed ties with Tehran in 2016 after Iranian protesters stormed the Saudi embassy in the capital following the execution of a Shiite Muslim cleric in Saudi Arabia. The recent détente however brought hopes of long-lasting peace as Saudi Arabia redirects its resources toward economic development. Iranian and Saudi teams competed last month for the first time in seven years in Iran, where billboards in the streets welcomed the Saudi teams in English, Arabic and Farsi. Iranian soccer fans have also been seen wearing Saudi team jerseys after the kingdom’s clubs made high-profile purchases of international soccer stars.

Persons: Qasem Soleimani, Soleimani, Donald Trump, Ittihad, Tasnim, Morteza Salehi, Mohammad Reza Saket, –, Saudi Arabia’s Crown Prince Mohammed bin Salman, ” Organizations: UAE CNN —, Asian Champions League, Saudi, Sepahan FC, Jahan, Iranian Revolutionary Guards, Force, Quds Force, US, Al, Sepahan, Asian Football Confederation, AFC, Saudi Press Agency, AFP, Getty, CNN, Soccer, Saudi Arabia’s Crown, MBS Locations: Abu Dhabi, UAE, Saudi, Iran, United States, Al, Ittihad, Naghsh, Isfahan, Saudi Arabia, China, Tehran, Riyadh, AFP, Iranian

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