The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.
After a prolonged lull, demand for larger wide-body planes is accelerating sharply as airlines renew capacity, impacting Airbus’ forecast for the long-haul fleet
The agreement aims to provide a slew of benefits tailored for global companies seeking to relocate to the kingdom
Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor
The agreement between the parties will be ratified at the IOC Session, which will be held on the eve of the Olympic Games in Paris
A new report projects that Riyadh’s retail stock will expand by 28 per cent to 4.6 million square metres by 2026
The carrier operates a fleet of 144 aircraft, connecting Saudi Arabia with more than 100 destinations across four continents
The GCC Secretary-General’s London visit comes a week after the UK elected a new Labour government
The contract was awarded to a joint venture to build educational institutions, cultural venues, offices and a luxury hotel
The new facility is the first and only dedicated Emirates lounge in the region outside of Dubai
OPEC’s report points to an oil supply deficit in coming months
The eVTOL firm’s commercial order pipeline is over 780 aircraft
Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds
The order includes a logistics support package with spare parts, training services and service support for the new four aircraft
The transition to EVs is creating an opportunity that Saudi Aramco aims to capitalise on
The government sold a 0.64 per cent stake in Aramco last month, with an additional 154 million shares available for stabilising manager Merrill Lynch
Saudi exports to China had tumbled in June, to 1.12 million barrels per day, the lowest since March 2020
The deal includes interline and codeshare connectivity, enhanced loyalty programs, improved customer experience and digital transformation initiatives
Riyadh is the only non-Asian city featured in Savills Growth Hubs Index and its potential is linked to a forecasted 26 per cent population growth
The new facility underscores the group’s strategic vision to tap into the vast growth opportunities in the GCC region’s largest market
Adelaide-based Santos is among Australia’s top three producers of liquified natural gas
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
The 24 Fintech summit will feature more than 200 expert speakers who will address pressing finance industry issues.
Lucid delivered 2,394 vehicles in the quarter ended June 30, above estimates of 1,940 units.
Saudi Re plans to raise its capital by SAR267.3m ($71m) through this strategic subscription agreement with the kingdom’s sovereign fund
Riyadh Air’s CEO reveals the airline’s plans, focus on digital innovations and its vision for shaping the future of aviation
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
The longer route around the Cape of Good Hope, to avoid attacks by Yemen’s Houthis in the Red Sea, has pushed up shipping costs as well as emissions
The Tashkent Riverside project includes a 500MWh battery energy storage system – the largest in Central Asia – and a 200MW solar project
Saudi Energy Minister Prince Abdulaziz bin Salman confirmed the discovery by state oil firm Saudi Aramco