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Saudi Aramco, Saudi Arabia’s largely state-owned oil giant, is launching a new share offering, which comes at a critical time for the kingdom’s sweeping economic reforms that have struggled to attract foreign investment. The sale involves 1.545 billion shares and is anticipated to begin trading next week, potentially raising nearly $12 billion. This influx of funds is intended to support …

Israel launched heavy airstrikes on central Gaza on Wednesday, while U.S., Qatari, and Egyptian mediators prepared to restart discussions on a truce and a deal for hostage release. In East Jerusalem, tensions were high as thousands of police guarded Israel’s annual “flag march,” which has previously led to clashes between Jews and Arabs. The intense Gaza conflict, ignited by Hamas’s …

Israeli Prime Minister Benjamin Netanyahu visited the northern settlement of Kiryat Shmona on Wednesday, stressing Israel’s preparedness to take “decisive” measures against threats originating from Lebanon. During his visit, Netanyahu inspected an observation point and was briefed on the recent fires caused by Hezbollah attacks and the efforts to combat them. “At the start of the war, we committed to …

The Biden administration is intensifying efforts to persuade both Hamas and Israel to accept a new ceasefire proposal in the nearly eight-month-long Gaza conflict. This push includes urging Arab nations to influence Hamas to agree to the terms. President Joe Biden suggested in a recent Time magazine interview that Israeli Prime Minister Benjamin Netanyahu might be prolonging the war with …

Hezbollah targeted groups of Israeli soldiers at the Berkat Risha and Malkia posts on Wednesday. This came after Israeli drones had conducted overnight raids on the southern coastal town of al-Naqoura and the outskirts of al-Jebbayn, Aita al-Shaab, and Ramia, escalating the clashes along the frontier. The Israeli military responded by shelling southern villages along the border with incendiary shells …

A Syrian individual was apprehended following a shooting incident near the U.S. embassy in Beirut on Wednesday, as reported by the Lebanese army. The embassy confirmed the safety of its staff. The army stated on X, previously known as Twitter, that the U.S. embassy, located in the northern suburb of Awkar, “was subjected to gunfire by a person holding Syrian …

Expect an increase in flight costs in the near future. The International Air Transport Association (IATA), during its annual meeting in Dubai, has indicated that several factors are set to push airline ticket prices higher as the industry recovers from the disruptions caused by the COVID-19 pandemic. One of the primary drivers of these increased costs is global inflation, a …

Toyota Chairman Akio Toyoda issued an apology on Monday following the discovery of extensive cheating on certification tests for seven vehicle models, leading the company to halt production of three of those models. The faulty testing procedures at Japan’s leading automaker involved using inadequate or outdated data for collision tests, incorrect testing of airbag inflation, rear-seat damage assessments, and falsified …