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EGX30—USD/EGP—S&P 5007,811.54▲0.59%10/9WTI—Gold—
Gulf · SecurityPress ✓ 6 outlets · Toll differs between sources

Houthis keep striking Riyadh; Saudi Arabia extends airport closure and vows a “serious” response, and Egypt is among states condemning the attacks

The Saudi-led coalition said it destroyed a ballistic missile launched toward Riyadh on Monday evening, and the Houthis said they targeted the airport. The toll of Saturday’s attack ranged between 12 and 13 dead depending on the source, and we have not seen a final independent figure.

Saudi Arabia on Monday, October 12 extended the suspension of flights to and from King Khalid International Airport in Riyadh after a new round of Houthi missiles, according to the Guardian. The Saudi-led military coalition said it intercepted missiles and drones targeting the kingdom overnight, according to Bloomberg, and Saudi Energy Minister Prince Abdulaziz bin Salman said, according to the BBC, that the response to the attacks would be “serious”; the Guardian quoted him as saying that “fear has no place in Saudi Arabia’s dictionary”. Reuters reported that Riyadh’s skies looked almost empty and that airlines cancelled their flights to the kingdom.

On Monday evening the Financial Juice bulletin reported that a warning of a possible danger had been issued in Riyadh and that a witness heard three explosions; the authorities then said the threat had passed, and the coalition said it had destroyed a ballistic missile launched toward the capital. The Houthis, an armed Yemeni group backed by Iran, said they targeted Riyadh airport with ballistic missiles; we have not seen new confirmed damage from two sources.

Saturday’s attack on the airport on October 10 had killed, according to the Saudi authorities, 12 people and injured 309; the BBC then reported on Monday that the attacks on the airport and another facility killed 13 people, and France’s BFM wrote the same figure, so the toll is not uniform. The Saudi General Authority of Civil Aviation announced that Sunday’s strike killed a Pakistani resident and injured 11 others, according to Saudi Gazette and Al Jazeera. Saudi Arabia is investigating, according to the Associated Press, why its defence systems failed to prevent the attack, and Al Jazeera asks why Houthi missiles are penetrating Saudi defences.

Reactions followed one after another: Emirati official Anwar Gargash said, according to the Financial Juice bulletin, that there is an urgent need to revive joint Gulf action on security and defence, and the British prime minister said, according to the same bulletin, that his country is ready to consider any new Saudi request for support. Philstar, GMA and Inquirer reported four Filipinos injured in Saturday’s attack, three of them in intensive care. The Financial Times wrote that the attack on the two airports strikes at the heart of the economic vision of Crown Prince Mohammed bin Salman. We found no update in Monday’s coverage on the Egyptian flight attendant whom Al-Ahram Online reported yesterday, Sunday, had died in the attack.

There is an economic link too: Reuters reported that senior oil company executives were left off the schedule of the energy event in Riyadh after the attacks, and the energy minister said, according to Bloomberg, that the kingdom’s ability to supply energy remains solid. Turkey, Pakistan, Egypt and Saudi Arabia condemned the attacks in a joint statement that described them as a “dangerous escalation”, according to Reuters. For the Egyptian reader there is a practical side: large numbers of Egyptians travel to Saudi Arabia for work and umrah, and flights to Riyadh are suspended or cancelled at many airlines, so travellers should check with the airline before heading to the airport. The Houthis said, according to the Financial Juice bulletin citing Iran’s Fars news agency, that Saudi airspace and airports are unsafe except Mecca and Medina, a warning Saudi Arabia has not confirmed. Watching today: the airport’s status and the date flights resume, the form of the Saudi “response”, and the effect on oil prices.

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By the numbers
12–13dead in Saturday’s attack, depending on the source
309injured, according to Saudi authorities
4states, including Egypt, condemned the attacks in a joint statement
Sudan · BorderPress ✓ 6 outlets · Perpetrator not announced

At least 72 gold prospectors killed in air strike in northern Sudan near the Egyptian border, and the New York Times: video clips appeared to show Egyptian munitions

The Sudanese monitor Emergency Lawyers said on Sunday, October 11 that at least 72 workers in artisanal gold mining were killed in an air strike on Saturday, October 10 in northern Sudan, the second such incident within months, according to Reuters via the Straits Times; Al Jazeera, the BBC and NDTV also covered it. The Dutch newspaper NRC wrote that rights groups speak of hundreds of dead and wounded, and that the mine is in a disputed border area; we have not seen a unified figure.

Al Jazeera says in an analysis that the strikes expose the spread of security chaos on the border and the fragility of regional stability. The Dutch Volkskrant headlined its report that Egypt is likely to escape the consequences of the attack because the world is preoccupied with the war; this is the paper’s assessment, not an established fact.

On Monday the New York Times published that the mine is hundreds of miles from the front lines of the Sudanese civil war and that video clips appeared to show Egyptian munitions. No party has claimed responsibility, as far as we have seen. The BBC headlined its report that the strikes took place on the Egyptian-Sudanese border, and NDTV headlined that the border is disputed, and we do not know the number of wounded. SABC reported that Egypt’s foreign ministry did not immediately respond to a request for comment. Asharq Al-Awsat published that Egypt and Sudan affirmed mutual respect and the safeguarding of sovereignty, without linking that to the strike. We relayed what the newspapers published without attributing the strike to anyone.

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Word of the day
Emergency LawyersRights

A Sudanese group that defends civilians and documents violations in the war; the media attribute its figures to it, and independent agencies do not always verify them.


Russia · Ukraine · EnergyPress ✓ 7 outlets · Kremlin’s response to the truce not confirmed

Zelensky: Russia is violating the “energy truce” announced by Trump; the Kremlin rejects a 60-day truce, and the diesel deal with Moscow draws bipartisan objection in Washington

Ukrainian President Volodymyr Zelensky said on Monday that Russia struck Ukrainian energy facilities after US President Donald Trump announced an “energy truce”, including a power plant in Kyiv, according to the Guardian, and the Associated Press and the BBC reported power outages in Ukraine. The Guardian said the Kremlin did not confirm that an agreement exists, and Reuters reported that it rejected Zelensky’s idea of a 60-day ceasefire because it wants a comprehensive peace agreement. Zelensky said Ukraine would stop striking Russian refineries if Russia stopped striking the Ukrainian energy system.

The diesel deal between Trump and Putin, which Trump defended according to Reuters, drew objections from lawmakers of both parties; Bloomberg quoted Republican Representative Mike Lawler rejecting it, and Novaya Gazeta Europe said seven members of the Senate demanded that it be abandoned. Bloomberg wrote that Russia cannot export the diesel Trump needs because Ukrainian strikes have cut refinery output, and repairs may take weeks. The Financial Times added that the announcement of the truce came after the deal in an attempt to contain rising fuel prices before the US elections. The European Union adopted about 1,600 new listings on sanctions lists against Russia, according to Reuters.

This matters for Egypt because it is a major importer of wheat and fuel: wheat fell for a fourth day in a row after the truce announcement amid hopes of easing Black Sea disruption, according to Bloomberg. We do not know whether the truce will hold, and it has not been confirmed by both sides.

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Iran · Britain · ShippingPress ✓ 5 outlets · Parties’ accounts conflict

Britain’s prime minister: Iran’s Revolutionary Guard most likely behind the Fairford air base incident, Tehran rejects it, and another oil tanker is hit by a projectile in Hormuz

British Prime Minister Andy Burnham said on Monday that the incident at the RAF Fairford air base was most likely coordinated in Iran and run by the Revolutionary Guard, according to Reuters and the Financial Juice bulletin. London summoned the Iranian ambassador, and the bulletin reported that a joint statement signed by more than 25 countries, including the United States, endorsed the British accusation, while Iran’s ambassador in London rejected the accusation and expressed readiness to cooperate in the investigation, according to Iran’s IRNA agency. Spain’s El País and Germany’s Die Zeit described it as a plot or attempted attack on the base, and we have not seen confirmed details from two sources, so we add nothing to that.

In the Strait of Hormuz, the Revolutionary Guard said, according to Fars news agency via Financial Juice, that a third supertanker was hit and caught fire within two days, and that it had disabled its navigation system and ignored warnings. The UK Maritime Trade Operations (UKMTO) body reported a tanker hit by an unknown projectile, and Bloomberg wrote that supertankers are moving away from an oil-transfer hub in the Gulf because of Iranian attacks. Reuters said Tehran would respond to the US response to its proposal on Hormuz after the review ends. This matters for Egypt because disruption to shipping and energy in the region feeds through to fuel and freight prices.

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Economy · PrizesPress ✓ 5 outlets

Nobel in economics to Robert Hall and Michael Woodford for research on “macroeconomic stability”

The Royal Swedish Academy of Sciences awarded the 2026 Nobel Memorial Prize in Economics to Americans Robert E. Hall and Michael Woodford for their work on the microfoundations of achieving stability in the macroeconomy, according to Reuters, the Associated Press and Bloomberg; the Financial Times and The Economist also wrote about the prize. The work explains how the decisions of individuals and firms affect boom-and-bust cycles, and how monetary and fiscal policy can calm them.

The win does not mean a direct change in any country’s policies, but its subject is close to what Egypt’s Central Bank discusses every month: how interest rates are cut without igniting inflation. We have not seen an official Egyptian comment on the prize.

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In brief
  • Central Bank of Egypt: current account deficit of $22.5 billion in fiscal year 2025-2026 versus $15.4 billion in the previous oneAsharq Al-Awsat
  • Egyptian government reassures citizens about wheat stocks and says higher domestic output has reduced the need for importsAsharq Al-Awsat
  • Head of Egypt’s Journalists’ Syndicate rejects pressure over detained journalists, and six from the Mada platform claim they were tortured, which Egypt deniesAl Jazeera
  • Wheat falls for a fourth day on hopes of an energy truce in the Black SeaBloomberg
  • Getty Images goes private after a restructuring dealReuters, Bloomberg
  • Starbucks says it will not buy Chipotle, ending speculationReuters, Bloomberg
  • Global smartphone shipments see their worst third quarter in 14 years amid a memory shortageReuters
  • A cyberattack on France’s Intermarché chain targets 150 stores, and another thaws the freezing in refrigerators at two chainsReuters, the Guardian
Seven minutes every morning, one front page

Unverified — what we could not confirm

“Russia and Ukraine agreed an energy truce.” That is what Trump announced on Sunday; Zelensky said on Monday that Russia violated it with strikes on energy facilities, and the Kremlin did not confirm that an agreement exists, according to the Guardian.
“All of Saudi airspace is unsafe except Mecca and Medina.” This is a warning that the Financial Juice bulletin attributed to the Houthi “Yemeni Armed Forces” via Fars news agency, and Saudi Arabia has not confirmed closing its airspace, so we treat it as a claim.
“Egypt carried out the Sudanese mine strike.” No party has claimed responsibility, and the New York Times published that videos showed what looked like Egyptian munitions, which does not establish who carried it out; Egypt’s foreign ministry did not respond immediately, according to SABC.

Influencer watch

  • فولوديمير زيلينسكي Telegram · 10/12Wrote that Putin "does not read Truth Social" and his drones follow other orders, and that Ukraine agreed at once to the energy ceasefire.
  • فولوديمير زيلينسكي Telegram · 10/12Wrote that everyone talks about diesel and forgets grain, and an agricultural crisis could emerge within a month or two, with food shortages for African countries.

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.
INSIDEHouthis keep striking Riyadh; Saudi Arabia extends airport closure and vows a “serious” response, and Egypt is among states condemning the attacksGulf · SecurityAt least 72 gold prospectors killed in air strike in northern Sudan near the Egyptian border, and the New York Times: video clips appeared to show Egyptian munitionsSudan · BorderZelensky: Russia is violating the “energy truce” announced by Trump; the Kremlin rejects a 60-day truce, and the diesel deal with Moscow draws bipartisan objection in WashingtonRussia · Ukraine · EnergyBritain’s prime minister: Iran’s Revolutionary Guard most likely behind the Fairford air base incident, Tehran rejects it, and another oil tanker is hit by a projectile in HormuzIran · Britain · ShippingNobel in economics to Robert Hall and Michael Woodford for research on “macroeconomic stability”Economy · Prizes