Red Sea Energy Risk: Houthis claimed a drone attack on Saudi Aramco’s Jazan refinery, with Saudi authorities saying a fire was contained and no injuries were reported, keeping pressure on energy infrastructure and shipping routes. Regional Security Deal: Pakistan’s DPM Ishaq Dar discussed the Mecca Joint Defence Agreement with Canada’s FM, while business groups in Pakistan urged turning the pact into trade and investment momentum. Tourism Jobs Crunch: Saudi Arabia is moving toward proposed minimum hotel staffing ratios tied to room counts, as the luxury hotel boom collides with Saudization and a tight hospitality labour market. Tourism Growth Outlook: A WTTC report says Saudi travel and tourism accounts for about 14.1% of GDP, highlighting continued investment-led expansion. Trade Data: Saudi Arabia’s non-oil trade surplus with GCC partners fell 55% year on year in May, driven by weaker exports and shifting import patterns. Business Expansion: Saudi Telecom unit is in a deal to build data centres across Dammam, signaling continued digital infrastructure build-out. Entertainment Investment: Saudi Entertainment Ventures opened Seven Abha, a SAR1.3bn integrated entertainment destination under Qiddiya’s PIF-backed portfolio. Human Cost Abroad: Bangladesh reported deaths of workers in a Saudi sofa factory fire, with officials coordinating repatriation and compensation. FX Watch: China set yuan central parity rates against major currencies, including the Saudi riyal. Corporate Moves: SIDC signed an MoU to explore acquiring a Saudi construction-sector firm, subject to valuation and approvals.