Trust Is Lost From Both Financial Markets And Sports

Yemen’s Ansar Allah, also known as the Houthis, launched significant strikes on Thursday targeting Saudi-backed forces inside Yemen. Yahya Saree, spokesman for the Ansar Allah-led Yemeni Armed Forces, said that drone attacks targeted “Saudi enemy gatherings and vehicles on several fronts” but didn’t specify exactly where the operations were carried out. Saudi media reported that […]

Bessent To Unveil Weekly Iran-Related Secondary Sanctions, After 1st Round Falls Flat The US Treasury Department plans to roll out new secondary sanctions every week to intensify economic pressure on Iran, US Treasury Secretary Scott Bessent revealed Sunday. "You're going to see a lot more of these every week," Bessent said ahead of a meeting of Group of 20 (G20) financial leaders in Asheville, North Carolina, confirming that announcements will come on a weekly basis. The warning and threat follows on the heels of the US having sanctioned a couple UAE branches of a...

Gulf Bond Boom: Record Borrowing Fuels Race To Future-Proof Against Hormuz Shutdown Gulf monarchies are hitting international debt markets at a record-shattering pace, Bloomberg figures show, amid a conflict-driven rush to harden domestic infrastructure and forge alternative supply corridors that bypass the vulnerable and effectively closed Strait of Hormuz. Added to this, just this month, Red Sea passage has become another problematic area, as the Houthis have targeted several Saudi vessels with missiles and drones. Regional heavyweights led by the UAE and Saudi Arabia are seeking massive funding for new or...