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“Visa”: Digital Payments Reach 85% of Retail Payments in Saudi Arabia•Flex agrees to sell $2 billion of preferred shares in Axiom•Central Bank of Egypt: Banks' financial position rises to EGP 27.661 trillion•Barclays Initiates Coverage on Planet Labs with $17 Price Target•China Launches 27th Batch of Orbital Internet Satellites Aboard Long March 12•World Bank Expects Middle East Economy to Contract by 2.1% in 2026•Private Capital Drops 20% in Luxury Sector in First Half of 2026•AI Overviews Cover 63 Out of 100 Searches for Top Brands•“Visa”: Digital Payments Reach 85% of Retail Payments in Saudi Arabia•Flex agrees to sell $2 billion of preferred shares in Axiom•Central Bank of Egypt: Banks' financial position rises to EGP 27.661 trillion•Barclays Initiates Coverage on Planet Labs with $17 Price Target•China Launches 27th Batch of Orbital Internet Satellites Aboard Long March 12•World Bank Expects Middle East Economy to Contract by 2.1% in 2026•Private Capital Drops 20% in Luxury Sector in First Half of 2026•AI Overviews Cover 63 Out of 100 Searches for Top Brands•
Transport and Logistics

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US Port of Mobile Suspends Vessel Traffic as Storm Approaches
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US Port of Mobile Suspends Vessel Traffic as Storm Approaches

The Alabama Port Authority suspended vessel and terminal operations at the Port of Mobile, and the Coast Guard set Port Condition Zulu, with gale-force winds expected within 12 hours.

10/11/2026
Oil tanker shortage worsens as Suezmax earnings surge above $680,000
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Oil tanker shortage worsens as Suezmax earnings surge above $680,000

Maritime research firm SSY said inflation-adjusted freight rates have reached their highest levels since the 1960s, with Suezmax tanker earnings surpassing $680,000 per day.

10/11/2026
Transport and Logistics | 60 Arabia