Saudi Arabia Turns to $8bn Loan as Iran War Tests Its Finances

Saudi explores fresh borrowing as war disrupts trade, hits oil output and leaves the kingdom facing a $9.1bn second-quarter deficit By Abdullahi Yusuf Saudi Arabia is exploring a fresh loan … Read More

Iran Claims Over 1,000 Israeli Soldiers Killed in Retaliatory Strikes

Armed Forces spokesman claims thousands more were wounded and says Tehran will continue efforts to drive US forces from West Asia By Sadiq Abdulfatah Iran’s Armed Forces spokesman, Brigadier General … Read More

Iran Defies US Oil Blockade, Transfers $7.5bn to Central Bank, Report Says

Iran records 99% of its budgeted oil revenue in first four months of fiscal year despite disruption to exports and maritime trade By Abdullahi Yusuf Iran has transferred $7.5 billion … Read More

Saudi Arabia Executes Nigerian for Cocaine Smuggling

Idris Ibrahim was executed in Madinah after Saudi courts upheld his conviction and death sentence By Abdullahi Yusuf Saudi Arabia has executed a Nigerian national, Idris Ibrahim, after he was … Read More