Electronic Arts has officially closed its $55 billion buyout, becoming a private company in a deal led by Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners, backed by $20 billion in debt financing.
Lucid Motors announced a $1.4 billion operational reset led by new CEO Silvio Napoli, including cost cuts, layoffs, and a focus on robotaxis and a new mid-sized EV.
The coastguard rescued the crew of an Indian-flagged commercial ship that sank in the Red Sea following an attack south of Hodeida, prompting strong condemnation from New Delhi.
US President Donald Trump stated that negotiations with Iran are ongoing and warned the country of its last chance before decapitation, while Tehran denied talks are taking place.
Iran is discussing a temporary shipping route through the Strait of Hormuz with Oman to resume commercial traffic, according to its foreign ministry spokesperson Esmail Baghaei. Tehran denied US claims of restarting broader talks, emphasizing bilateral negotiations with Oman on the route and future strait management.
Houthi threats have disrupted Red Sea shipping, leading Saudi Arabia to divert crude exports, increase activity at its Yanbu terminal, and some tankers to transit the Bab el-Mandeb Strait with tracking systems off.
India's crude oil imports from Russia reached a record 2.8 million barrels per day in July, constituting over half of its purchases. Concurrently, Indian refiners increased sourcing from West Asian suppliers as oil flows through the Strait of Hormuz normalized.
US embassies in the Middle East warned American citizens Saturday of an "unforeseen escalation" in the regional conflict, urging readiness to depart. The alert follows President Trump's threat against Iran, highlighting the war's impact on lives and global energy markets.
Saudi Arabia's Ministry of Interior arrested 14,154 people in a week-long campaign (July 23-29) for residency, labor, and border security violations. Over 30,000 individuals face legal procedures, with many already deported.
Saudi Arabia's deal with the US for civilian nuclear technology faces uncertainty due to Trump's demand for Israeli recognition. Experts warn it sets a "dangerous precedent," potentially triggering a nuclear arms race in the Middle East amid escalating regional conflicts and dwindling US security guarantees.
Eddie Howe has departed as Newcastle United manager after nearly five years, with Matthias Jaissle set to take over. The club is finalizing Jaissle's four-year contract and an £8m compensation for Al-Ahli, while key player Bruno Guimarães's future remains uncertain amid Arsenal transfer links.
A drone strike damaged Saudi Arabia's largest crude oil processing facility, Abqaiq, on Monday. Yemen's Houthis claimed responsibility, targeting Saudi oil infrastructure in retaliation for airstrikes in Yemen. The attack, causing minor damage according to a Gulf official, highlights escalating tensions in the region involving Iran, Israel, and the US.
Roberto Mancini apologizes for leaving Italy's national team for Saudi Arabia in 2023, citing a lack of communication with former federation president Gabriele Gravina. Reappointed as head coach, Mancini aims to redeem the team after three failed World Cup qualifications and faces a potentially divided fanbase in his first match against Belgium on September 25.
Iranian Foreign Minister Abbas Araghchi states that the conflict between Saudi Arabia and Yemen's Houthi rebels can only be resolved through diplomacy, with Iran ready to play a constructive role.
Anthony Joshua secures dramatic comeback knockout win over Jeremias Prenga, setting up a potential fight against Tyson Fury.
Saudi Arabia targeted Houthi military sites in Hodeida after the group announced a maritime blockade, threatening a 2022 truce and global oil supply, following attacks on Saudi ships in the Red Sea.
US President Donald Trump clarifies that Saudi Arabia's joining of the Abraham Accords is a prerequisite for the approval of a US-backed nuclear energy cooperation deal, despite the agreement already being finalized and awaiting US Congressional review.
Russian Deputy PM Alexander Novak announces 90% growth in Saudi investments in Russia over the past year, citing successful partnership between RFDI and Saudi sovereign wealth fund.
Yemen's Houthi movement, Ansar Allah, denied closing the Bab al-Mandab Strait, clarifying that restrictions apply only to Saudi vessels in response to Saudi Arabia's blockade of Yemen. This follows recent Houthi missile and drone strikes on Saudi oil tankers.
England captain Harry Kane is expected to begin formal contract talks with German champions Bayern Munich, despite his current deal expiring next season and interest from other European and Saudi clubs. Kane joined Bayern in 2023 and has achieved significant success.
The Malaysian Grand Prix at Sepang circuit is being considered as a replacement for a cancelled Formula 1 race this season, as hopes for racing in Bahrain diminish due to ongoing regional conflict. Malaysia's Youth and Sports Minister confirmed discussions are underway.
The White House announced that a landmark US-Saudi civilian nuclear agreement is contingent on Riyadh joining the Abraham Accords and establishing diplomatic ties with Israel, a shift from earlier statements. The deal, which would use US technology, has raised concerns among experts and lawmakers over potential nuclear proliferation risks due to relaxed inspection protocols.
US President Donald Trump stated that a civil nuclear deal for Saudi Arabia is contingent on joining the Abraham Accords, a condition Riyadh has long rejected without a pathway to Palestinian statehood, immediately casting doubt on the agreement.
Yemen's Ansar Allah (Houthis) declared a "maritime embargo" against Saudi Arabia, threatening vessels near Saudi ports. This move, distinct from Red Sea attacks, is driven by internal pressures and aims to consolidate Houthi power and leverage in stalled negotiations.
