Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian Gulf to Asia exceeded 170,000 dollars......
Türkiye and Saudi Arabia are preparing to sign the second phase of a 5-gigawatt renewable energy partnership at the upcoming COP31 climate summit in Antalya, marking a significant step in their expanding energy cooperation. The agreement will involve Türkiye and Saudi energy company ACWA Power, covering an additional 3 gigawatts......
For more than fourteen centuries, one of Islam’s most symbolically charged objects—the key to the Kaaba—has remained in the hands of a single lineage. The Bani Shaybah family, descendants of the Quraysh tribe, continues to serve as hereditary custodians of the sacred sanctuary in Mecca, preserving one of the longest uninterrupted......
Turkey and Saudi Arabia have signed a landmark agreement to build solar power plants with a combined capacity of 2,000 megawatts in Turkey, marking a significant step in energy collaboration between the two nations. The signing ceremony took place in Istanbul at an Ottoman-era palace overlooking the Bosphorus, following a $2 billion energy......
FIFA has promised to spend $50 million on a new national soccer stadium in the Gaza Strip, unveiling the plan at the first meeting of President Donald Trump’s Board of Peace in Washington as part of a broader reconstruction drive for the war‑devastated territory. The commitment comes as international institutions estimate that roughly......
The United States is moving forward with a proposed civil nuclear agreement with Saudi Arabia that removes key non-proliferation safeguards, according to a document sent to Congress and reviewed by Reuters. The move allows Saudi Arabia greater control over uranium enrichment and spent fuel reprocessing, steps that could potentially lead to......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a free on board basis at the Baltic ports......
A new United Nations report has highlighted persistent barriers preventing women in Morocco and across the Arab region from fully participating in the financial system, warning that limited access to banking and digital services continues to restrain economic growth. In its study titled Unlocking women’s economic potential in the Arab......
This Ramadan, Moroccan singer Jannat Mahid has chosen to step away from the high-energy world of commercial hits, presenting instead a deeply spiritual new song tailored to the sacred atmosphere of Ramadan. The piece reflects her commitment to meaningful artistry, resonating with an audience seeking introspection and faith during this holy......
Foreign ministers gathered Wednesday at the United Nations for a Security Council ministerial session on the situation in Palestine, as international pressure mounts over recent Israeli measures expanding control in the occupied West Bank. The meeting, chaired by British Foreign Secretary Yvette Cooper in her capacity as president of the......
Muslim communities in multiple regions are preparing to begin Ramadan 1447 after religious authorities confirmed the sighting of the crescent moon, setting Wednesday, 18 February 2026, as the first day of fasting in several countries. Under the Islamic lunar calendar, the start of Ramadan depends on the visual confirmation of the new crescent,......
Foreign ministers from Saudi Arabia, Jordan, the United Arab Emirates, Qatar, Indonesia, Pakistan, Egypt and Türkiye have denounced Israel’s decision to designate large areas of the occupied West Bank as state land and to initiate comprehensive land registration there for the first time since 1967. In a joint statement, the ministers......
What began as a discreet race for influence between Riyadh and Abu Dhabi has evolved into an overt strategic rivalry that is reshaping regional balances without a shot being fired, yet at a potentially high long term cost for both sides. For general readers, policy analysts and investors following Gulf politics and economics, the emerging......
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Les Impériales Week 2025: The Paradigm Shift – Business. People. Tech
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