The lecture by Dr. Laila Al Dokhi on the physiology of the ovarian cycle outlines the hormonal changes and physiological processes involved in the menstrual cycle, which lasts an average of 28 days. Key hormone interactions such as FSH and LH control the development of ovarian follicles, ovulation, and the formation of the corpus luteum, with specific changes in hormone levels facilitating these processes. The presentation also covers the transition from the luteal phase back to the initiation of a new ovarian cycle through feedback mechanisms involving estrogen and progesterone.