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Iraqi prime minister says Cabinet formation is complete, five months after taking office, following parliament’s approval of 11 ministers and three deputy prime ministers ➖ Ali al-Zaidi adds government will now accelerate implementation of its priorities and program
European Parliament president criticizes proposed EU budget cuts to civil protection, research, strategic infrastructure and defense 🗣 'We cannot agree on Europe's ambitions and then cut the means to achieve them,' president says
🌍 International Energy Agency members agree to release around 100 million barrels of emergency oil stocks, including over 20 million barrels of diesel 📈 IEA cites persistent tightness in global oil markets, particularly diesel, amid energy security concerns
Ukrainian President Volodymyr Zelenskyy will resume attacks on Russian oil refineries after a three-day pause, Zelenskyy says Ukrainian president arrives in Brussels for European Council meeting and bilateral talks ▪ Zelenskyy backs US President Donald Trump’s proposed energy ceasefire but says Russian strikes continue 🗣 'That's it. Block is out,' Zelenskyy says on how long Ukraine will halt energy strikes
🚨 Saudi-led coalition releases footage of Houthi attack on Abha International Airport 📍 Coalition spokesman Turki al-Maliki says 19 people were killed and 364 injured in Houthi attacks on Saudi airports since the beginning of October ⚠ 2 people were killed and 28 injured in an attack on Abha International Airport
📌 OPINION - Israel's election: The region needs different policies, not just a different premier ❝If regional capitals conclude that the Israeli election offers limited practical change, their response should be coordinated diplomacy, not resignation❞ ✍ Dr. Khaled Mohammed Batarfi is an assistant professor at Saudi Arabia’s Al-Faisal University
⚽ Manchester City face possible heavy points deduction, relegation and title stripping after Premier League commission finds club guilty of financial rule breaches spanning 9 seasons 🔍 Commission finds City artificially inflated revenue and reduced reported costs by more than £900 million ($1.2 billion), while club denies wrongdoing and appeals findings 🗣 Sports law expert Jan Zglinski warns of 'unprecedented' scale…
• Kremlin says Russian diesel has begun to reach global markets, will have a 'certain positive effect' on stabilizing oil markets • Presidential spokesman Dmitry Peskov also claimed that US efforts to find a settlement to Ukraine war are being 'thwarted' by Kyiv's 'unwillingness' to end conflict
EU-Gulf Cooperation Council summit scheduled for Oct. 24 in Riyadh, Saudi Arabia, postponed without explanation, with new date to be announced Decision comes amid regional tensions as attacks on Saudi airports since Oct. 5 cause multiple casualties and disrupt air traffic
Turkish Foreign Minister Hakan Fidan urges Conference on Interaction and Confidence Building Measures in Asia (CICA) members to defend Palestinian rights and oppose ongoing oppression and grave violations ⤵ ❝A lasting solution requires the establishment of an independent and sovereign Palestinian state based on the 1967 borders, with East Jerusalem as its capital❞
US annual producer inflation rises to 6.3% in September, exceeding expectations of 5.3% as energy costs surge 📈 Producer Price Index jumps 1.3% monthly, marking largest increase since March 2022 📊 US annual consumer inflation reaches four-month high of 3.7% in September, with monthly inflation rising 0.6% • Core inflation, excluding food and energy, increases 0.3% monthly and 2.6% annually, reinforcing expectations…
📉 Gulf economies face sharp contractions in 2026 as disruptions to energy production and shipping through Strait of Hormuz outweigh benefits of higher oil prices, IMF forecasts 🛢 Kuwait projected to shrink 16.7%, Qatar 15.6%, and Bahrain 11.3%, as higher energy prices cannot offset lost production and exports 📈 IMF forecasts strong rebounds in 2027, but warns recovery may not fully reverse economic losses as…
