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Biden Funds Israel’s War Amid US Financial Struggles | TOME

The president has prioritized military spending over helping American families cover the rising costs of child care.

The post Biden Is Bankrolling Israel’s War Amid Growing Financial Hardship at Home appeared first on The Intercept.

Senator Calls Israeli Leaders “War Criminals,” Approves $14B Aid | TOME

Will Hind Rajab ever get justice?

The post Dem Senator Calls Israeli Leadership “War Criminals,” Votes to Send Them $14 Billion Anyway appeared first on The Intercept.

Biden to Send More Bombs to Israel Amid Netanyahu’s Rafah Invasion Threat

While pushing its tired narrative about Biden “losing patience," the White House remains dedicated to Israel’s war on Gaza.

The post With Netanyahu Threatening Rafah Invasion, Biden Prepares to Send Israel More Bombs appeared first on The Intercept.

Saudi Arabia’s Loss-Making U.S. Investments: Buying Influence

Following Saudi Arabia’s purchase of the PGA Tour, a new Senate report revealed the dictatorship’s ballooning share of the American economy.

The post Saudi Arabia’s Huge U.S. Investments Lose Money — but Buy Influence appeared first on The Intercept.

Saudi Airlines Catering Co. inks $720m agreement with Red Sea Global

RIYADH: A SR2.7 billion ($720 million) deal has been signed which will see Saudi Airlines Catering Co. provide laundry services for hotels at Red Sea Global’s tourist developments. The agreement was announced on the Saudi stock exchange, Tadawul, and SACC expects the deal to start showing up in its profit margin by the third quarter of 2025. The 20-year contract will see SACC operate laundry services for hotels, resorts and other facilities located within the destination.

“Bahrain invests $1.3bn in UK economy: Key deals signed”

LONDON: Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state’s private sector invest 1 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince’s social media account said on Monday. The investments will be through Bahraini sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group, and Osool Asset Management.

Positive performance in GCC equity markets driven by Saudi Arabia and the UAE

RIYADH: After a steep decline in May, Gulf Cooperation Council countries saw an optimistic bounce back in equity market index performances in June with the UAE and Saudi Arabia as top performers.  According to a Kamco Invest report, the UAE’s Dubai Financial Market was the best-performing market in the GCC in terms of index closings with a monthly increase of 6 percent, followed by Saudi Arabia’s Tadawul All Share Index with a rise of 4 percent.   Kuwait’s market came in third with a 3.4 percent month-on-month increase, followed by Oman’s, with a 3.1 percent incline.

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