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Global markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals.

Middle East for a new era. But the old Middle East, it turns out, still has something to say about it. The stunning Hamas assault on Israel on Saturday served as a gut-wrenching reminder that the decades-old conflict with Palestinians remains a cancer that has not gone away even as leaders in Washington, Jerusalem, Riyadh, Saudi Arabia, and other Arab capitals would prefer to focus on building a revamped region. U.S. officials said it was too early to say whether the attack was explicitly motivated by a desire by Hamas or its patron Iran to disrupt President Joe Biden's effort to broker a landmark deal between Israel and Saudi Arabia that would profoundly reorient the Middle East. But they acknowledged that it could complicate the already delicate negotiations and make it that much harder to reach an agreement akin to the Abraham Accords between Israel and smaller Arab nations. Also Read: Israel Palestine War Live Updates: At least 500 dead in Israel and Gaza after Hamas attack; Indian students get in touch with Embassy «This will slow considerably if not kill the Saudi Abraham Accords deal,» said Mara Rudman, a former Middle East peace diplomat under President Barack Obama. «It strikes at the heart of key elements for Saudi entry, a pathway forward for Palestinians in West Bank and Gaza,» she added. «And on the Israeli side, there will be zero appetite across a wide political spectrum for helping Palestinians, despite the fact that so doing could actually enhance, not detract from, Israeli security.»

Saudi Arabia says it will maintain a production cut of 1 million barrels of oil a day through the end of the year

Tyson Fury will fight Oleksandr Usyk for an unprecedented undisputed heavyweight fight, according to Fury's promoter Frank Warren. The blockbuster fight is set to take place in Riyadh, Saudi Arabia.

A list with wonders like the Taj Mahal and the Pyramids of Egypt on it just grew longer. At a meeting of the Unesco World Heritage Committee in Riyadh, Saudi Arabia, member states have agreed to add World War I cemeteries and Rwanda’s genocide slopes to the list of World Heritage sites, apart from a torture centre in Argentina that’s now a memorial.

RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such as “Pokémon" for promoting blasphemy, violence and laziness. Now, Saudi Arabia is pouring $40 billion into a bid to become a world leader in a videogame industry beloved by its booming youth population.

RIYADH, Saudi Arabia—American defense giant RTX and a Saudi weapons firm were heading toward a multibillion-dollar deal when it was abruptly called off early this year. The reason, say people familiar with the talks, was RTX’s concerns that its Saudi partner’s companies were pursuing business with sanctioned Chinese and Russian entities. That unease was a deciding factor for an advisory board of retired American military officers to resign from the Saudi company, Scopa Defense, the people said.

New Delhi: Saudi Arabia said it will consider setting up an office of its sovereign wealth fund (SWF) in Gujarat International Finance Tec-City (GIFT) to facilitate investments. Investment minister of Saudi Arabia Khalid A.

Initiatives toward metaverse development continue to be a significant focus and key interest in the Middle East region, as the LEAP conference in Riyadh, Saudi Arabia, highlights key topics in the industry.

RIYADH, Saudi Arabia — When Citigroup shut down operations in Saudi Arabia after 11 September 2001, government officials here felt betrayed. For years after, the Saudis snubbed Citi as executives realised they had made a mistake and tried to rebuild their business.

RIYADH, Saudi Arabia — When Citigroup shut down operations in Saudi Arabia after 11 September 2001, government officials here felt betrayed. For years after, the Saudis snubbed Citi as executives realised they had made a mistake and tried to rebuild their business.

The first blockchain school in the Middle East will open in Riyadh, Saudi Arabia, according to an announcement by the BSV Blockchain Association. The new institution will reportedly provide training and development tools for government organizations and enterprises interested in adopting or experimenting with blockchain technology.