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  • Calls for foreigners to leave Lebanon as war fears grow

    Several countries have urged their nationals to leave Lebanon, as fears grow of a wider conflict in the Middle East. Iran has vowed “severe” retaliation against Israel, which it blames for the death of Hamas political chief Ismail Haniyeh in Tehran on Wednesday. Israel has not commented. His assassination came hours after Israel killed Hezbollah senior commander Fuad Shukr in Beirut. Western officials fear that Hezbollah, an Iran-backed militia and political movement based in Lebanon, could play a key role in any such retaliation, which in turn could spark a serious Israeli response.

  • Blinken told G7 Iran and Hezbollah could attack Israel in next 24 hours

    Secretary of State Tony Blinken told his counterparts from the G7 countries on Sunday that an attack by Iran and Hezbollah against Israel could start as early as Monday, three sources briefed on the call tell Axios.

  • A Battle Over a Farm, a Mosque and the Moral High Ground

    In 2006, a developer planning a gated community in the area offered to buy the land. The elder Robinson was beat up from the hard labor, and his sons were not far behind. “So why not move on to the next chapter?” Brad Robinson recalled thinking.

  • Saudi Arabia Unveils Plans for 11 New Stadiums in 2034 World Cup Bid

    Saudi Arabia is set to make a significant impact on the global sports stage with its bid to host the 2034 FIFA World Cup. The bid includes plans for 11 new stadiums, highlighting the country’s commitment to modernising its infrastructure and enhancing its international profile. The announcement, made in Paris, showcases the kingdom’s intent to build new stadiums across five key cities: Riyadh, Jeddah, Khobar, Abha, and Neom’s futuristic city, The Line.

  • Saudi Arabia raises Sept light crude prices for Asia less than expected

    Top oil exporter Saudi Arabia raised the price for the flagship Arab light crude it sells to Asia in September for the first time in three months, while cutting prices to the other regions. The official selling price for Arab Light crude to Asia rose by 20 cents to $2 a barrel above the Oman/Dubai average in September, Saudi Aramco said in a statement on Sunday. The price was a two-month high, but the hike was less than the market had expected.

  • Israeli strikes hit Gaza schools, hospital compound after talks fail

    An Israeli airstrike hit two schools in Gaza City on Sunday, killing at least 30 people, Palestinian officials said, while the Israeli military said it struck a Hamas military compound embedded in the schools. An Israeli airstrike hit a tent camp inside a hospital in central Gaza earlier in the day. Gaza health officials said a total of at least 44 Palestinians were killed on Sunday, the day after a round of talks in Cairo ended without result.

  • Iran says it does not want regional escalation but must ‘punish’ Israel

    Iran is not looking to escalate regional tensions but believes it needs to punish Israel to prevent further instability, the foreign ministry spokesperson said on Monday, following the killing of Hamas leader Ismail Haniyeh in Tehran last week. "Iran seeks to establish stability in the region, but this will only come with punishing the aggressor and creating deterrence against the adventurism of the Zionist regime (Israel)," Nasser Kanaani said, adding that action from Tehran was inevitable.

  • ExxonMobil’s earnings reveal record crude production

    ExxonMobil presented its second-quarter earnings Friday. Profits and revenues are both higher than they were the same time last year, with the oil giant clearing $9.2 billion on a $93 billion bottom line (up 17% and 12% respectively). Fueling all that cash is record oil production — including from a Caribbean claim that has the company tied up in legal proceedings with its biggest rival.

  • GCC travelers spent $3.9 bln in Saudi Arabia in 2023: Saudi tourism ministry

    Travelers from the Gulf Cooperation Council (GCC) countries spent more than $3.9 billion during their travels in Saudi Arabia, the Kingdom’s Ministry of Tourism said in its annual report. Around 8.6 million visitors from these countries came to Saudi Arabia. This included 3.5 million travelers from Bahrain, 2.3 million from Kuwait, 1.4 million from the UAE, 1.1 million from Qatar, and 455,000 from Oman.

  • Saudi Bank Performance and Growth Prospects Underpinned by Favourable Operating Environment

    The operating environment for Saudi banks remains favourable, and our operating environment score of 'bbb+' is the highest across the GCC’s banking sectors (one notch above the bbb of its closest peers - the UAE, Qatar and Kuwait), being the highest score for EM banking sectors scored by Fitch globally. The operating environment for banks in the kingdom is underpinned by high oil prices and by government spending, supporting the country's giga projects and the Visions 2030 strategy, and resulting in solid non-oil GDP growth. Fitch Ratings forecasts real non-oil GDP growth to average 4.5% over 2024–2025 (2022–2023: 5%).