Lebanese Prime Minister Nawaf Salam received the newly appointed Saudi ambassador to Lebanon, Fahd al-Dossari, during an official courtesy visit at the Grand Serail in Beirut on Saturday, according to a statement from the Lebanese government. The meeting marked the ambassador’s first formal engagement since his arrival in Beirut earlier......
Saudi Arabia’s crude oil exports to China are expected to remain at historically low levels in July, as high global prices continue to suppress demand from the world’s largest oil importer. According to market sources, shipments from Saudi Aramco to Chinese buyers are projected at around 12 million barrels for July loading, equivalent......
Archaeologists have identified the oldest known evidence of the board game tāb, known in parts of North Africa as sīg, following the discovery of a carved game board at the medieval site of Walīla, the Arabic name for Volubilis near Meknes. The find was detailed in a new peer-reviewed study published in the journal Libyan Studies and provides......
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......
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