11:45
The Houthi movement in Yemen announced a full ban on Israeli maritime navigation in the Red Sea, escalating tensions across one of the world’s most strategic shipping corridors. The declaration came alongside immediate missile attacks on commercial vessels operating in the Gulf of Aden, marking a rapid intensification of maritime insecurity......
Saudi Arabia has officially launched its new national carrier, Riyadh Air, as part of its long-term strategy to transform the kingdom into a global aviation hub. The launch comes amid ongoing geopolitical tensions in the Middle East and increasing competition among Gulf airlines. The airline, owned by the Public Investment Fund (PIF), is......
Morocco has announced a defined payment period for citizens selected to perform the Hajj pilgrimage during the 1448H season, setting administrative steps in motion for thousands of applicants. The Ministry of Habous and Islamic Affairs confirmed that fee payments will take place between June 29 and July 10, 2026. The payment process applies......
SpaceX is preparing for a public listing that has triggered a broad surge in investor activity across global markets. The company is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, with a valuation and structure that position it among the largest listings in the aerospace sector. The move has intensified demand......
Global equities faced heavy selling pressure as investors reacted to expectations that a major SpaceX initial public offering would pull liquidity out of technology-heavy portfolios. BNP Paribas analysts linked the wave of declines in semiconductor stocks to retail investors liquidating positions to raise cash ahead of what is expected to......
Israel and Iran have halted active strikes after several days of direct missile exchanges that broke a fragile ceasefire established in April. The confrontation marks the first large scale exchange between the two sides since the truce, raising concerns over a broader regional conflict. By Monday, both governments signaled a temporary willingness......
Global oil markets are facing severe disruption as major institutions warn of an accelerating supply shock linked to geopolitical conflict and restricted maritime flows. The International Energy Agency has cautioned that crude markets could enter a critical shortage phase within weeks if key transport routes remain blocked and emergency reserves......
Global sovereign wealth funds from the Gulf continued heavy investment activity despite the escalation of war involving Iran. A new sector report covering the March to May period shows that public investors across Gulf Cooperation Council states executed around 25 billion dollars in global transactions. The pace matched or exceeded prewar......
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political and logistical shifts affecting global supply......
Muslim pilgrims gathered Wednesday near the holy city of Mecca to perform the symbolic “stoning of Satan,” one of the final major rituals of the annual Hajj pilgrimage, as Muslims around the world marked the beginning of Eid Al-Adha. From early morning, large groups of worshippers moved through the valley of Mina, located a few......
More than 1.5 million Muslim pilgrims gathered Tuesday on Mount Arafat for the most significant stage of the annual Hajj pilgrimage in Saudi Arabia, as temperatures climbed above 40 degrees Celsius. From early morning, worshippers assembled on and around the sacred hill, located near Mecca, to pray, recite the Quran and......
Former U.S. President Donald Trump has called on several Muslim-majority countries, particularly Saudi Arabia and Qatar, to normalize relations with Israel as part of any potential peace agreement involving Iran. In a statement posted on his social media platform Truth Social, Trump said that countries involved in recent diplomatic discussions......
More than 1.5 million Muslims have begun the annual Hajj pilgrimage in Mecca, one of the largest religious gatherings in the world, taking place this year under extreme heat conditions and heightened geopolitical tensions in the Middle East. The pilgrimage is being held in Saudi Arabia as temperatures are expected to reach up to 47°C,......
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At the Heart of the 2026 World Cup
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GITEX Africa: The New Frontiers Of African Innovation
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AFCON 2025: Morocco at the heart of African football
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