What's behind Saudi Arabia's increase in crude oil prices for Asian market? The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert. Saudi Arabia
Turkey launches fresh airstrikes in Iraq as Erdogan renews threats for offensive The strikes come as Ankara renews its threats of a fresh offensive in northern Iraq against the outlawed Kurdish militants and criticizes Iran and an Iraqi Kurdish political party for their lack of action to Turkey’s security concerns. Turkey
Breaking | Last Updated: May 7, 2024, 8:29 am Israel takes control of Rafah crossing as Hamas accepts Egypt-Qatar cease-fire proposal The group issued a statement Monday saying its leader, Ismail Haniyeh, delivered the news in a phone call with Qatari Prime Minister Mohammed Bin Abdulrahman Al Thani and Egypt's intelligence chief, Abbas Kamel. Palestine
Biden meets with Jordanian king as Israel begins Rafah evacuation Ahead of his lunch with Jordan's King Abdullah II, President Joe Biden "reiterated his clear position on Rafah" in a phone call with Israeli Prime Minister Benjamin Netanyahu. Israel
As Saudi Arabia pushes socioeconomic change, arrests show limits to reform Riyadh has been heavily investing in its economic diversification agenda but a slate of recent arrests over citizens' social media posts and other alleged state violations highlight the limits of Saudi Arabia's socioeconomic reforms. By Sebastian Castelier In Dubai, reporting on regional business