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  • Israel plans massive Iran payback with Middle East on edge

    Israeli officials staring down all-out regional war tell Axios Israel will launch a "significant retaliation" to Tuesday's massive missile attack within days that could target oil production facilities inside Iran and other strategic sites.Many Israeli officials point to Iran's oil facilities as a likely target, but some say targeted assassinations and taking out Iran's air defense systems are also possibilities.

  • Oil prices jump more than 3% as Middle East tensions escalate

    Oil prices climbed more than 3% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran's biggest ever military blow against Israel. Brent futures reached their highest in a month, leaping $2.42, or 3.3%, to $75.98 a barrel. U.S. West Texas Intermediate (WTI) crude spiked $2.47, or 3.5%, to $72.30 at 1050 GMT. Both crude benchmarks on Tuesday surged more than 5% before closing around 2.5% higher.

  • GCC airlines adjust travel routes amid Israel-Iran tensions

    Several airlines operating in the Gulf have adjusted their flight routes to ensure passenger safety following Iran’s attack on Israel. Neighboring countries have closed their airspace and airline crews are navigating alternative routes to avoid the escalating conflict

  • Saudi Arabia hopes for de-escalation in Middle East, economy minister says

    Saudi Arabia is hoping for de-escalation and dialogue, Economy Minister Faisal al-Ibrahim said on Wednesday, when asked at a conference in Berlin about the situation in the Middle East following Iran's missile attack against Israel. Al-Ibrahim called the escalation unfortunate but said it was very hard to avoid discussing. "We hope that wisdom will prevail, de-escalation will happen, dialogue will come into place and more

  • Israel kills dozens in Gaza, sends tanks into southern areas, medics say

     Israeli military strikes across the Gaza Strip killed at least 60 Palestinians overnight, including in a school sheltering displaced families, medics said, as Israeli tanks advanced in areas of Khan Younis in the south of the enclave. Israeli tanks carried out a raid on several areas in eastern and central Khan Younis in the southern Gaza Strip, before partially retreating, leaving at least 40 people killed and dozens wounded, according to the official Voice of Palestine radio and Hamas media.

  • Israel reinforces military presence in Lebanon as Hezbollah reports clashes with troops

    The Israeli military said on Wednesday that regular infantry and armoured units were joining its ground operations in Lebanon, stepping up pressure on foe Hezbollah, as it prepared to retaliate against Iranian missile strikes. Already battling Hamas in Gaza, Israel is beefing up its presence in south Lebanon in its conflict with Hezbollah a day after it was attacked by Iran, raising fears the oil-producing Middle East could be engulfed in a wider conflict.

  • NEOM unveils Sindalah Yacht Club interiors ahead of 2024 opening in Saudi Arabia

    Sindalah will be the first island destination in NEOM and has been developed in collaboration with world-renowned Italian designer Stefano Ricci. Sindalah Yacht Club is set to become a premier destination for yacht owners, offering an unmatched gateway to the Red Sea.

  • Saudi Arabia’s hyperlocal retail market poised for $13.5bn surge, driving sector growth by 2030

    The retail market sector in Saudi Arabia is projected to see a major growth, with hyperlocal marketing emerging as a major driver with an estimated $13.5 billion (SAR 50 billion) in size, accounting for nearly 2 per cent of the country’s non-oil GDP over the next five years, a market study and sector experts said. The Kingdom’s hyperlocal market – serving customers in small geographical areas – is also predicted to see a slew of IPOs (initial public offers) as the leading players scurry to raise investments to fund their aggressive growth plans amidst the market seeing major consolidation drive.

  • Panic as Lebanese expats race to book flights for family out of Beirut amid escalating Lebanon-Israel conflict

    As most airlines suspend flights to and from Beirut, tickets on Lebanon’s national carrier MEA – the sole remaining operator – are sold out for weeks, stranding many seeking escape.

  • Life in Israel One Year After Oct. 7

    Gallup surveys conducted in Israel in July and August 2024, nearly one year after Hamas attacked Israel on Oct. 7, tell a story of a country at war and still struggling to recover from its darkest day in recent history. Here are five key insights into life in Israel as the war with Hamas continues in 2024 and threatens to widen.