The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch
The Saudi Arabia pavilion has attracted half a million visitors already
Crude has soared this year, with production trailing supply as the global economy recovered from the impact of the pandemic
Oil revenue was about SAR148bn, an increase of 60 per cent from the same period last year
The thrice weekly flights will commence on November 27
Styli has grown 400 per cent since its launch two years ago
Lebanese Prime Minister Najib Mikati said in a statement on the cabinet’s website on Saturday that Cordahi’s position does not represent that of the government
The UAE this year became the first Middle Eastern nation to host the World Expo event
Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East
The nine hotels are part of the 16 properties currently under development in the first phase of the project
The agreement covers the identification and promotion of sustainable investments in the kingdom
The licenses were issued at the 5th edition of the Future Investment Initiative
The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017
Oracle’s second cloud region in Saudi Arabia will enable support of Vision 2030 technology ambitions
The Abha International Airport has faced numerous drone attacks in recent months
The kingdom will establish a fund to improve carbon-capture technology and back an initiative to develop clean fuels
The kingdom also has plans to export green hydrogen
Oil has more than doubled over the past 12 months as the global economy rebounded from the dislocation caused by the coronavirus pandemic
Interest in the technology industry in the Middle East has increased the past few years
The kingdom aims to ensure at least 30 per cent of the cars in its capital are electric by 2030
It involves an investment of SAR700bn, with the minister of energy adding that the initiative will not have an adverse economic impact on oil exporters
While sustainability is the future, digital transformation is a key enabler supporting industries make the transition
The project marks Dar Al Arkan’s first entry into Qatar with the aim of driving the development of the luxury property market
The partnership is in line with Mobily’s efforts to reduce its emissions through using environmentally responsible methods for recycling old devices
The kingdom sold $4bn in US government debt, the most in over a year
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The warning comes after deadly clashes in Beirut last week
The claims are reportedly related to a dispute over how to calculate value-added tax
According to PIF, it is the world’s ‘first tourism destination on offshore platforms’
The Grand Mosque in Makkah and the Prophet’s Mosque in Madinah will also be allowed to operate at full capacity