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US Alliance Defends Israel from Iran Attack

These same Arab nations are now pivotal in stopping Israel from further escalating the war after Iran’s missile and drone attack.

The post The Secret U.S. Alliance That Defended Israel From Iran Attack appeared first on The Intercept.

Joe Biden’s State of the Union Speech Omissions | TOME

The president’s speech made no mention of the forever war continuing in the Middle East.

The post What Joe Biden’s State of the Union Speech Didn’t Mention appeared first on The Intercept.

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.

Baseball United CEO Shaikh: Abu Dhabi and Dubai Franchises Elevate Us to New Heights

For Kash Shaikh, November cannot come quickly enough. The Chairman and CEO of Baseball United, the first professional league dedicated to baseball in the Middle East and Asia, last week signed partnership with the Emirates Cricket Board ahead of the organization’s competitive launch in five months’ time. Things are steadily falling into place for the Dubai-based league. Baseball United’s first showcase will involve four franchises facing off in four games, before an eight-team league follows a year later.

2023 King Salman Club Cup Games to be Held in Three Saudi Cities

RIYADH: The Arabian Football Federation has released the schedule and confirmed the venues for the group stage matches of the 2023 King Salman Club Cup. The Saudi cities of Taif, Abha and Al-Baha will host the tournament, with the matches being played between July 27 and Aug. 12, the federation said on Thursday. Before then, Sudanese club Al-Hilal will face Aymen Sfaxi of Tunisia in a delayed second qualifying round tie on July 4 and 7, the winner of which will join Saudi side Al-Ittihad, Iraq’s Al-Shurta and Al-Taraji of Tunisia in Group A

PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.

Manchester United in talks to grant exclusivity to Qatari Sheikh for $6B+ sale – sources

LONDON: English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad Al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim — the son of Qatar’s former prime minister who is one of the richest men in the Gulf state — to take over the iconic sports brand.

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