Saudi Arabia showcased its cutting-edge AI and drone tech at the first Egypt International Aviation Show 2024, held at Alamein International Airport and inaugurated by President Abdel Fattah El-Sisi. Featuring over 300 aviation companies from more than 100 countries, the event highlighted Saudi innovation with the Saudi Arabian Military Industries (SAMI) pavilion.

Meanwhile, the US is urging a truce between Israel and Hamas due to the recent deaths of six hostages in Gaza. State Department Spokesman Matthew Miller emphasized collaboration with Egypt and Qatar, while Britain's new Labour government has halted some arms exports to Israel, raising legal concerns.

Over in Congo, a tragic attempted jailbreak at Makala Central Prison in Kinshasa left 129 dead amid severe overcrowding. The facility, housing 12,000 inmates in space meant for 1,500, saw a deadly stampede and gunfire from guards, with reported incidents of injuries and rape.

Shifting to market news, algorithmic trading now accounts for a significant 25 percent of transactions in the Saudi capital market, according to CMA Chief Mohammed Al-Khuwaiz. Speaking at the 24 Fintech Conference in Riyadh, he noted that globally these trades dominate at 70 percent, showing Saudi Arabia's early adoption and substantial IT investment.

Speaking of Saudi Arabia, the Kingdom has condemned Israeli remarks on the Gaza-Egypt border, warning that they could complicate ceasefire mediation efforts. They reiterated their support for Egypt and emphasized the importance of Palestinian self-determination.

On a positive note for the economy, the Saudi Stock Exchange index, Tadawul, rose by 12.9 points amid active trading, led by Al Rajhi Bank and Saudi Aramco. This rise reflects continued confidence in the market as other major stocks also saw gains and losses in various sectors.