5,818.47Dubai Financial Market · Oct. 9 close · +0.33%

DailyDrop.

3.6725USD/AED · official pegged rate (not a live rate)
DFM General5,818.47▲0.33%10/9USD/AED3.67-0.00%10/9S&P 5007,811.54▲0.59%10/9WTI$91.85▲0.39%10/9Gold$4,216.30▲1.43%10/9
Saudi Arabia · Aviation · SecurityPress ✓ 7 outlets · Toll from Saudi authorities

Saudi authorities: 12 killed and more than 300 injured in missile strike on King Khalid airport, and Trump promises “action”

The Saudi-led coalition said the attack was by the Houthis and called it a war crime, and the US Secretary of State said an American was among the dead. It is the heaviest toll since the attacks on the kingdom’s airports began.

Saudi authorities announced that 12 people were killed and more than 300 injured (309, according to FinancialJuice) in a missile strike on Saturday, October 10, on King Khalid International Airport in Riyadh, according to the Associated Press, Reuters, the BBC, the Financial Times and the Mirror. Operations at the airport stopped and airlines cancelled flights. The Saudi-led coalition blamed the Houthis and called the attack a war crime, and said it had intercepted a ballistic missile near Al-Kharj.

US Secretary of State Marco Rubio said an American was among the dead, UN Secretary-General António Guterres condemned the attack, and Trump called it “something horrific” and said he would take action. The UAE on October 8 condemned the Houthi attacks on the Riyadh and Abha airports, and we found no new UAE statement on Saturday’s strike. In DailyDrop’s reading, the toll changes the nature of the escalation, from disruption to heavy human losses at a civilian airport, but what Trump will do has not been announced.

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By the numbers
12killed, according to Saudi authorities
309injured, according to FinancialJuice
1American among the dead, according to Rubio
World · Ukraine · OilPress ✓ 6 outlets · Toll not final

Trump: “It is time for Ukraine to get a new president” after Zelensky criticizes diesel deal, and strike on Zaporizhzhia kills civilians

Trump said on Saturday, October 10, that it was time for Ukraine to get a new president, after President Volodymyr Zelensky called the decision to import Russian diesel weak and a gift to Putin. Trump said Zelensky must stop his attacks on Russian refineries and that Ukraine must hold elections, according to the BBC, Politico, Sky News, Reuters and FinancialJuice.

In a Telegram post, Zelensky linked a Russian guided-bomb strike on Zaporizhzhia to the easing of sanctions on diesel. The toll varies between sources: seven dead according to an initial Reuters report, 12 according to other reports, and at least 20 according to EFE. Britain said its prime minister discussed an energy truce and tighter sanctions with Zelensky, and Germany said it would keep its sanctions.

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Iran · GulfPress ✓ 4 outlets · Revolutionary Guard claim from a single source

US Central Command disables Panama-flagged tanker in the Gulf of Oman, and the Revolutionary Guard says it attacked a gas carrier in Hormuz

US Central Command said a US aircraft fired a precision munition at the stern of the Panama-flagged tanker Ocean Molika (Arica Sun) in the Gulf of Oman, disabling its propulsion with no injuries, because it ignored warnings and tried to breach the naval blockade, according to Infobae and EFE. The Revolutionary Guard said it attacked the liquefied gas carrier NV Sunshine in Hormuz and set it on fire, according to EFE, and we saw no official Iranian reaction.

FinancialJuice reported, citing UK Maritime Trade Operations, that a tanker was hit in the strait. The incidents come despite Trump saying he would not attack Iran before the November 3 elections. The UAE has a direct interest: the Gulf of Oman is a route for Fujairah’s exports, and shipping and insurance costs are affected by every incident.

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World · International lawPress ✓ 4 outlets · Posts attributed to their author

Trump after Nobel Peace Prize: “I solved eight wars,” and Nobel Committee points to Navi Pillay’s work on peace and international law

President Trump wrote on Truth Social on October 10 that he had solved eight wars, in a post complaining that he did not win the Nobel Peace Prize; a day earlier he had shared a post criticizing the Nobel Committee and laureate Navi Pillay, according to Al Jazeera, Times of Oman and Deccan Chronicle. Trump said in the Oval Office on October 8 that denying him the prize shames the committee.

The Norwegian Nobel Committee pointed to Pillay’s work on peace and international law. Washington had imposed sanctions on the International Criminal Court hours after the prize was announced. We do not verify Trump’s claim that he solved eight wars; it is his word alone.

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Markets · Week in reviewPress ✓ 4 reports · Local markets closed

Week in markets: Dubai Financial Market loses 1.4%, Abu Dhabi 1.78%, Brent above $104, and gold jumps 1.43% on Friday

UAE markets closed on Friday, October 9; they are closed today, Sunday, for the weekend, and reopen on Monday. The Dubai Financial Market index lost about 1.4% over the week and closed at 5,818.47, and the Abu Dhabi market index fell 1.78% to 9,795.67, according to Al Khaleej and Emarat Al Youm. In the US, the S&P 500 closed on Friday at 7,811.54, up 0.59%, West Texas Intermediate at 91.85, and gold at 4,216.3, up 1.43%.

UAE fuel prices for October remain at 4.40 dirhams per liter for Super 98. Brent will set November prices.

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In brief
  • S&P 500 closes Friday at 7,811.54, up 0.59%Market data
  • West Texas Intermediate $91.85 and gold $4,216.3Market data
  • Brent settles at $104.72 on FridayBBC
  • Abu Dhabi market ends the week at 9,795.67, down 1.78%Al Khaleej
  • UAE: October fuel prices unchanged, Super 98 at 4.40 dirhams per literGulf News
  • Houthi attacks on Riyadh and Abha airports: at least 3 killed and 30 injured on October 8Gulf News
  • Miami talks: no results announced so farReuters
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Unverified — what we could not confirm

“The United States has begun strikes on the Houthis after the Riyadh airport attack.” We found no US announcement. Trump said he would take action without specifying, and the Saudi-led coalition is the one carrying out the announced operation.
“The UAE cancelled all its flights to Saudi Arabia.” Unconfirmed. Etihad and flydubai modified or cancelled Riyadh flights, according to Gulf News, and we found no blanket decision.
“Trump removed Zelensky.” False. Trump said it was time for a new president and that Ukraine must hold elections; he has no power to remove him.

Influencer watch

  • Donald Trump, US President Truth Social · 10/10Trump posted that he settled eight wars, in a rant about not winning the Nobel Peace Prize.
  • Volodymyr Zelenskyy, President of Ukraine Telegram · 10/10Zelenskyy wrote that Russia 'thanked' the US for easing diesel sanctions by dropping guided bombs on homes in Zaporizhzhia.

Statements as posted, not fact-checked.

Glossary · dotted words — economic, security and political terms explained in the context of the story. The list grows every day.
INSIDESaudi authorities: 12 killed and more than 300 injured in missile strike on King Khalid airport, and Trump promises “action”Saudi Arabia · Aviation · SecurityTrump: “It is time for Ukraine to get a new president” after Zelensky criticizes diesel deal, and strike on Zaporizhzhia kills civiliansWorld · Ukraine · OilUS Central Command disables Panama-flagged tanker in the Gulf of Oman, and the Revolutionary Guard says it attacked a gas carrier in HormuzIran · GulfTrump after Nobel Peace Prize: “I solved eight wars,” and Nobel Committee points to Navi Pillay’s work on peace and international lawWorld · International lawWeek in markets: Dubai Financial Market loses 1.4%, Abu Dhabi 1.78%, Brent above $104, and gold jumps 1.43% on FridayMarkets · Week in review