Middle East

WASHINGTON — Allies including the US, UK and EU have called for a temporary ceasefire in Lebanon, following an escalation in fighting between Israel and Hezbollah. The 12-strong bloc proposed an immediate 21-day pause in fighting “to provide space for diplomacy toward the conclusion of a diplomatic settlement” and a …

Saudi Gazette report NEW YORK — Saudi Arabia has called on G20 countries to intensify joint efforts to address the international community’s failure in confronting Israel’s serious violations of international laws and norms. The Kingdom emphasized the need for a ceasefire and a path toward the establishment of an independent …

FinTech is a highly regulated industry, especially in countries with multiple financial regulators like Saudi Arabia. For example, SAMA regulates payments, crowdfunding debt for SMEs, P2P lending, and more; the CMA oversees Robo Advisory, Sukuk, fund distribution, and other financial activities; and the Insurance Authority (IA) handles Insurtech. Navigating all …

Saudi Gazette report RIYADH — The Saudi Food and Drug Authority (SFDA) has imposed fines amounting to SR678400 on 24 pharmaceutical firms for committing various violations. These pharmaceutical establishments failed to provide their registered products in the local market. These violations include not promptly reporting to the SFDA’s Drug Track …

The United States is spearheading a new diplomatic effort to end hostilities in both Gaza and Lebanon, linking the two conflicts as part of a single initiative, seven sources familiar with the initiative told Reuters. Details are being discussed at the UN General Assembly in New York, according to two …

Saudi Gazette report NEW YORK — Dr. Abdullah Al Rabeeah, advisor to the Royal Court and supervisor general of King Salman Humanitarian Aid and Relief Centre (KSrelief), said that giving charity and zakat is one of the pillars of Islam, and it greatly helps people in need. He made the …

Saudi Gazette report RIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman has received a written message from King Abdullah II of Jordan concerning relations between the two countries. On behalf of Minister of Foreign Affairs Prince Faisal bin Farhan, Deputy Minister of Foreign Affairs Eng. Waleed Al-Khereiji …

Saudi Gazette report RIYADH — Tadawul All Share Index (TASI), the Saudi stock market main index, maintained steady rise for the sixth consecutive session, recording its highest close since last May. The market closed 75 points (0.6 percent) higher at 12,344 points with the total turnover reaching SR7.1 billion ($1.89 …

New York — Minister of Industry and Mineral Resources Bandar Alkhorayef visited Columbia University in the United States on Wednesday as part of his official tour aimed at developing industrial and mining cooperation and attracting quality investments to Saudi Arabia. Columbia University, founded in 1754, is the oldest university in …

Saudi Gazette report RIYADH — The Saudi Authority for Accredited Valuers (TAQEEM) launched a vehicle damage estimation service for personal purposes. The service allows individuals or companies to request for a report with regard to the damages caused to their vehicles that are not resulted from traffic or criminal accidents. …