Saudi Press

Saudi Arabia and the world
Friday, Feb 20, 2026

EU Sanctions Iranian Entities, UNHCR Warns of Global Displacement, and Saudi Arabia Advances Green and Industrial Ventures

EU sanctions seven Iranian entities amid missile supply allegations; UNHCR highlights urgent global displacement crises.
In recent developments, the European Union has imposed sanctions on seven Iranian entities and individuals for allegedly supplying missiles and drones to Russia, echoing similar steps by the UK, France, Germany, and the US. Meanwhile, amidst increasing geopolitical tensions, Iranian authorities continue to deny these claims of military supply.

Speaking of escalating global challenges, the UNHCR chief Filippo Grandi has raised alarms over the growing displacement crises in Lebanon and Sudan, criticizing current border control measures. Grandi's concerns highlight the need for global cooperation to address issues like conflict and poverty, which continue to fuel mass migrations.

In Scotland, controversy has struck the Scottish National Party as politician John Mason was expelled after making contentious comments about the Gaza conflict. This incident underscores the delicate balance political parties must navigate in addressing international sentiments and internal party values.

Turning to environmental efforts, Saudi Arabia's Public Investment Fund is significantly ramping up its green investments, reaching over $19.4 billion across 91 sustainability projects. This initiative supports the Vision 2030 goals, reflecting a strong national commitment to renewable energy and sustainable development.

In line with its ambitious economic growth strategy, Saudi Arabia is also deepening industrial and mining partnerships with Italy. During a ministerial visit, prospects in diverse industries like automotive and space are being explored, marking a significant step towards strengthening Saudi-Italian economic relations.

Lastly, on a cultural front, Saudi contemporary art is set to make a global splash with the "Art of the Kingdom" exhibition. Starting in Brazil this November, the traveling showcase will feature top Saudi artists and is poised to enrich global perceptions of Saudi art, moving on to Riyadh and concluding in Beijing by 2025.
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