GCC News

Iran’s oil minister visits key oil terminal amid Israel strike fears

TEHRAN: Iran’s Oil Minister Mohsen Paknejad landed on Kharg island, the oil ministry’s news website Shana reported on Sunday, amid concerns that Israel could target Iran’s largest oil terminal there.An Israeli military spokesman said on Saturday that Israel would retaliate, following last week’s missile attack by Tehran, “when the time is right.”Following Iran’s attack, Axios…

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While Biden warns Israel against escalation, Trump suggests striking Iran nuclear facilities

WASHINGTON: US President Joe Biden on Friday advised Israel against striking Iran’s oil facilities, saying he was trying to rally the world to avoid the escalating prospect of all-out war in the Middle East.But his predecessor Donald Trump, currently campaigning for another term in power, went so far as to suggest Israel should “hit” the…

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Saudi Arabia’s official reserves highest in 21 months at $470bn

RIYADH: Saudi Arabia’s official reserve assets reached SR1.76 trillion ($469.83 billion) in August, the highest in 21 months and a 10 percent increase year-on-year, according to recent data. Figures released by the Saudi Central Bank, known as SAMA, show these holdings include monetary gold, special drawing rights, the International Monetary Fund’s reserve position, and foreign…

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Inclusion of Dubai Basketball in ABA League is a ‘great thing’ for UAE sport, says legend Jokic

DUBAI: Three-time NBA’s Most Valuable Player Nikola Jokic has described the formation of Dubai Basketball and its inclusion in the Adriatic Basketball Association League as a “great thing” for the sport in the Emirates. Founded in 2023 by the UAE’s Abdulla Saeed Al Naboodah, Dubai Basketball is a newly established professional basketball franchise that is…

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KSrelief provides training for earthquake victims in Turkiye’s Hatay

RIYADH: Volunteers from the Kingdom’s aid agency KSrelief have provided training for earthquake victims in Hatay province, Turkiye, the Saudi Press Agency reported on Friday. The third and fourth volunteer training programs were for members of the Syria and Turkiye communities. The training for 91 people took place between Sept. 29 and Oct. 4, with…

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