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Saudi Arabia, Korea Sign Memorandum of Cooperation to Enhance Space Collaboration

The memorandum seeks to foster cooperation in space activities by facilitating the exchange of information and technologies - SPA
The memorandum seeks to foster cooperation in space activities by facilitating the exchange of information and technologies - SPA
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Saudi Arabia, Korea Sign Memorandum of Cooperation to Enhance Space Collaboration

The memorandum seeks to foster cooperation in space activities by facilitating the exchange of information and technologies - SPA
The memorandum seeks to foster cooperation in space activities by facilitating the exchange of information and technologies - SPA

The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with the Korea AeroSpace Administration (KASA) to enhance cooperation in the space sector. The agreement was signed at the SSA’s headquarters in Riyadh in the presence of CEO Dr. Mohammed bin Saud Al-Tamimi and KASA Administrator Yoon Young-bin, along with several officials from both sides, SPA reported.
The MoU aims to support and strengthen the strategic partnership between the two entities by establishing a framework for implementing collaborative activities and programs in space-related fields. These include deep space technologies, manned spaceflight programs, satellite launches and payloads, space science and engineering capacity-building, and the exchange of knowledge and expertise in advanced space applications.
The memorandum seeks to foster cooperation in space activities by facilitating the exchange of information and technologies, contributing to the development of national competencies and capabilities, and enhancing research and technical advancements in this vital sector. It will also help create an attractive investment environment in the space industry, supporting the development of the space economy and elevating the international status of both countries.
Dr. Al-Tamimi emphasized that the memorandum is part of the Kingdom’s ongoing efforts to boost international cooperation in the space sector, noting that the agency values global partnerships as a cornerstone for advancing space technologies and fostering the growth of the space economy.

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Gulf

GCC Denounces Iranian Attacks on UAE as Dangerous Regional Escalation

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. SPA
Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. SPA
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GCC Denounces Iranian Attacks on UAE as Dangerous Regional Escalation

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. SPA
Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. SPA

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi expressed the council's strongest condemnation of the flagrant Iranian attacks targeting the United Arab Emirates.

He emphasized that this act of aggression constitutes a blatant violation of the sovereignty of a GCC member state and represents a dangerous escalation that threatens the security and stability of the region, reported the Saudi Press Agency on Tuesday.

He stressed that targeting the UAE is unacceptable and reprehensible behavior by all standards, reflecting an escalatory approach that disregards the rules of international law and the principles of good neighborliness.

Furthermore, he called upon the international community to assume its responsibilities to halt these repeated Iranian attacks and put an immediate end to irresponsible actions that undermine regional and international peace and security.

Albudaiwi underlined the GCC’s full and steadfast solidarity with the UAE, standing as a united front in support of all measures taken to protect its security, safeguard its sovereignty, and preserve the safety of its vital facilities.

Gulf

MWL Condemns Iranian Aggression against the UAE

The Muslim World League (MWL) logo
The Muslim World League (MWL) logo
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MWL Condemns Iranian Aggression against the UAE

The Muslim World League (MWL) logo
The Muslim World League (MWL) logo

The Muslim World League (MWL) condemned Iran’s targeting of civilian and economic facilities in the United Arab Emirates, the Saudi Press Agency reported on Tuesday.

In a statement issued by the MWL General Secretariat, Secretary-General and Chairman of the Organization of Muslim Scholars Dr. Mohammed Al-Issa condemned Iran's attacks, describing them as criminal acts that violate all religious principles as well as international humanitarian law.

He stressed the league’s full solidarity with the UAE in all measures it takes to safeguard its security, sovereignty, and the safety of its citizens and residents.

On Monday, the United Arab Emirates said it came under attack by Iran for the first time since a fragile ceasefire took hold in early April.

Gulf

Kuwait Renews Egypt Deposit, Reinforcing Bilateral Ties

The Central Bank of Egypt. (Reuters)
The Central Bank of Egypt. (Reuters)
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Kuwait Renews Egypt Deposit, Reinforcing Bilateral Ties

The Central Bank of Egypt. (Reuters)
The Central Bank of Egypt. (Reuters)

Kuwait has renewed its deposit at the Central Bank of Egypt, a move that reinforces ties between the two countries.

Kuwait’s ambassador to Egypt Ghanem Saqr Al-Ghanem told Asharq Al-Awsat the extension followed “a thorough study” and reflects Kuwait’s commitment to supporting Egypt’s economy as “a fundamental pillar of Arab and regional security.”

He added that relations between the two countries are “at their best.”

Al-Ghanem described the decision as “a new step reflecting the strength of the special and strategic relations between the two brotherly countries,” adding it confirms continued Kuwaiti support for Egypt amid regional and international challenges.

He noted that the renewal highlights Kuwait’s commitment to Egypt’s economic stability and reflects “deep-rooted ties, shared interests and solidarity in facing regional challenges.”

An Egyptian banking expert told Asharq Al-Awsat the extension will bolster foreign currency reserves, support the economy and “shut down rumors” that the deposit would not be renewed.

The step underscores strong relations and is likely to enhance future partnership and investment between the two countries, he added.

A report by the Central Bank of Egypt on the country’s external position said Kuwait renewed a $2 billion deposit that had been due to mature in September 2025, extending it to September 2026.

The report, cited by Egyptian media on Sunday, said Kuwaiti deposits consist of two tranches of $2 billion each. One has been extended to next September, while the other matured in April. The report, which covers the first quarter of the current fiscal year, did not specify whether the April tranche was also renewed.

It added that long-term Arab deposits at the central bank stood at $9.3 billion at the end of September 2025, including $5.3 billion from Saudi Arabia and $4 billion from Kuwait, split across two deposits renewed annually in April and September.

In December 2025, Kuwait renewed a separate $2 billion deposit for another year through April 2026 to support Egypt’s foreign currency reserves, according to the same report.

Banking expert Mohamed Abdel Aal said the latest extension will support Egypt’s economy across key indicators, particularly reserves, and could pave the way for deeper cooperation, whether through continued deposits or converting them into investments that strengthen bilateral partnership.