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Israel Prepares to Invade Rafah: Terror and Panic Ensue

Palestinians in Rafah’s rapidly growing makeshift camps talk about all they have lost and endured throughout four months of Israel’s war on Gaza.

The post “Where Can We Go?”: Terror and Panic Set In as Israel Readies to Invade Rafah appeared first on The Intercept.

News

Israeli Group to Study MDMA Therapy for PTSD in October 7 Survivors | TOME

The group MAPS Israel tackles a collective trauma, raising questions about the ongoing traumatization of Palestinians.

The post Israeli Group to Study MDMA Therapy for October 7 Survivors With PTSD appeared first on The Intercept.

Business

UAE startups secure funding for Saudi Arabia expansion

CAIRO: Digital logistics platform Transportr has successfully concluded its eight-figure seed funding round with the participation of Ittihad Ventures Holding and Industrial Capital Group.   Established in 2020, the UAE-based company acts as a multimodal digital freight marketplace, connecting shippers and carriers across various industries to facilitate efficient, transparent, and cost-effective movement of goods.  The platform addresses concerns such as freight rates, manual processes, enhanced visibility, traceability and customer service. 
Business

Saudi Arabia’s Hajj Boost for Travel and Hospitality Sectors

DUBAI: Three years after the COVID-19 pandemic forced Saudi Arabia to impose strict travel restrictions, this year’s Hajj has given a palpable boost to the regional economy, with an estimated 1.6 million Muslims from around the world converging on Islam’s holiest sites. The annual pilgrimage began on Sunday with the ritual of Tawaf Al-Qudum, when pilgrims dressed in white robes walk in a circle around the Kaaba, the stone structure at the center of Masjid Al-Haram, or the Grand Mosque, the most important mosque and holiest site in Islam.
Business

Crude Oil Stabilizes Amid Fuel Demand Worries and Weak China Data

RIYADH: Oil prices steadied on Thursday, a day after rising sharply on a bigger-than-expected fall in US inventories, as attention shifted back to rising interest rates denting global economic growth.  Brent crude futures was up 37 cents, or 0.50 percent, to $74.40 a barrel by 02:41 p.m. Saudi time, while US West Texas Intermediate crude futures rose 39 cents, or 0.56 percent, to $69.95 a barrel.
Business

Turkey to increase central bank’s foreign reserves to counter lira depreciation

RIYADH: Turkiye is intensifying efforts to boost foreign reserves in its central bank, the country’s finance minister has revealed. Writing on Twitter, Mehmet Simsek said the bank’s net international reserves rose to a record $8.5 billion last week. “The return to rational policies will continue gradually,” the minister wrote, adding: “We are accelerating our efforts to obtain additional foreign resources to our country in order to further strengthen the reserves.”
Business

Saudi EXIM Bank and NBB collaborate to enhance exports

RIYADH: Bilateral trade between Saudi Arabia and Bahrain is set to receive a further boost after banks from both sides entered into an agreement to offer competitive financing to firms involved in the import and export of goods.  According to a memorandum of understanding signed between the National Bank of Bahrain and the Saudi Export-Import Bank, also known as Saudi EXIM Bank, NBB will offer competitive financing rates to Bahraini companies importing goods from Saudi Arabia.  
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Palestinian Statehood Recognition: Not a Cure-All | TOME

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A symbolic political act cannot put an end to Israeli crimes or grant Palestinians sovereignty.

Sheikh Mansour bin Zayed meets Saudi envoy in Abu Dhabi

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DUBAI:  Sheikh Mansour bin Zayed Al-Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has received Sultan bin Abdullah Al-Anqari, Saudi Arabia’s ambassador to the UAE. During a meeting at Qasr Al-Shati in Abu Dhabi, the two officials discussed relations between the two countries and ways to enhance cooperation that would be beneficial to both nations, state news agency WAM said Sheikh Mansour emphasized the robust ties between the UAE and Saudi Arabia are underpinned by the leadership of both countries.

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Shawarma Restaurant in Cairo Offers Taste of Home for Displaced Palestinians

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CAIRO: A Palestinian businessman displaced by the war in Gaza is bringing a taste of home for fellow refugees with a shawarma restaurant he has opened in Cairo. “The Restaurant of Rimal Neighborhood” offers shawarma, a Middle Eastern dish of thinly sliced meat, and other Palestinian and Arab dishes. “The name comes to eternalize Rimal, my neighborhood, and my homeland too,” said Basem Abu Al-Awn. “It is also to replace the restaurant I once had in Gaza. Two restaurants of mine, in addition to my house and the houses of my relatives, were destroyed,” he said.

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