Author: Steven Sahiounie

Israeli occupation Police Minister Itamar Ben-Gvir stated on Monday that he would build a synagogue in the al-Aqsa Mosque compound in the occupied city of al-Quds, sparking widespread criticism within the Israeli government. Ben-Gvir told the Israeli Army Radio that “the policies on the Temple Mount allow prayer, period,” referring to the Jewish name of the al-Aqsa Mosque compound. After “Israel’s” occupation of the eastern part of al-Quds, it made an arrangement that permitted Jews to visit al-Aqsa Mosque but not perform rituals there. However, in recent years, the increasing number of Israeli settlers, some performing provocative rituals accompanied by Israeli occupation…

The foreign ministers of Iran and Qatar discuss a range of bilateral and regional issues, particularly the ongoing Israeli-US genocidal war in Gaza, now in its 11th month. Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani, who is in Tehran on a key visit, met with Abbas Araqchi on Monday. This is the first official trip to Tehran by the top Qatari official since the new Iranian administration took office in July. Al Thani is also scheduled to meet with Iranian President Masoud Pezeshkian. The visit comes as Iran has vowed to defend its absolute…

President Mahmoud Abbas arrived in the Saudi capital, Riyadh today evening on an official visit. The Presidency was received by Prince Mohammed bin Abdulrahman bin Abdulaziz, Deputy Governor of Riyadh Region, Saudi Foreign Minister Faisal bin Farhan, Saudi Ambassador to Palestine Nayef Al-Sudairy, several officials, and the staff of the Embassy of the State of Palestine to Saudi Arabia. President Abbas is scheduled to meet tomorrow with the Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud. The President is accompanied by the Secretary of the Executive Committee of the Palestine Liberation Organization (PLO) Hussein…

RIYADH: Public Investment Fund-owned Savvy Games Group has signed a memorandum of understanding with international gaming commerce firm Xsolla to establish an interactive entertainment hub in Riyadh. Focusing on job creation, game development, and publishing, the partnership aims to generate 3,600 video game industry jobs in Saudi Arabia by 2030. This initiative supports the Kingdom’s Vision 2030 and is expected to create both regional and global economic opportunities for developers. As part of the agreement, Xsolla will establish a regional headquarters in Riyadh, providing product development, technology, customer support, and business development services to help developers and publishers scale their…

Qatar agreed on Monday to supply Kuwait with 3 million tonnes per annum of liquefied natural gas for 15 years

Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business council for the 2024-2028 term, the Federation of Saudi Chambers announced. 

Saudi Arabia’s Tadawul All Share Index closed at 12,261.18 points on Monday, losing 1.46 points, or 0.01 percent.     

More than 57 international firms received licenses to relocate their regional headquarters to Saudi Arabia during the second quarter of this year

RIYADH: Two major state-owned and publicly listed companies have formed a partnership to oversee the development and management of key markets in downtown Riyadh. This collaboration marks a significant step in the city’s ongoing transformation. According to an announcement on Tadawul, Riyadh Development Co. and Riyadh Holding Co. have reached an agreement to establish a new entity. This entity will take ownership and operational control of assets within the historic Qasr Al-Hukm area. With assets valued at SR1.52 billion ($405 million), this collaboration is poised to leverage the combined expertise of the companies in real estate development and management. It promises…

UAE sovereign wealth fund Mubadala Investment Co. has acquired 100 percent ownership of UCB Pharma’s mature business in China, in partnership with CBC Group, a healthcare-focused asset manager.