Business

Oil Prices Rise on Trump's Iran Sanctions Threat

Brent and WTI crude rose Friday after Trump threatened fresh sanctions on Iran's...

Aramco Reroutes Oil Cargoes Amid Houthi Shipping Threat

Saudi Aramco is shifting crude exports through Egypt's Sidi Kerir and resuming G...

Saudi GDP Contracts 4.8% in Q2 2026 on Oil Slump

Saudi Arabia's economy shrank 4.8% year-on-year in Q2 2026 as oil activity plung...

Turkiye Issues New Arrest Warrant for Netanyahu

Turkiye has requested an Interpol red notice for Israeli PM Netanyahu over the i...

Saudi HRDF Boosts Employment 23% in H1 2026

Saudi Arabia's HRDF helped 329,000 citizens find jobs in H1 2026, a 23% jump, as...

Saudi Arabia Activates Maritime Defense Alliance

Saudi Arabia's Cabinet confirms the institutional activation of its Multinationa...

Israel Bombs Syria Airfield After Turkish Visit

Israeli jets hit Syria's Abu al-Duhur airbase near Idlib hours after a Turkish m...

Iran: Hormuz Stays Shut Until US Meets Demands

Iran's top negotiator says the Strait of Hormuz will remain closed until Washing...

Saudi PIF Revenue Rises 9% to $120bn, Profit Doubles

Saudi Arabia's Public Investment Fund reported 17bn in net profit, as assets und...

Saudi Arabia to Enforce 70% Saudization in Project Mana...

Project management directors, engineers and specialists in Saudi Arabia's privat...

SAMA's US Stock Portfolio Jumps 61% to $7.63bn on AI Bets

Saudi Arabia's central bank grew its US equity and ETF holdings by 61.4% in Q2 2...

Saudi-Turkiye-Pakistan Defense Pact Reshapes the Region

Saudi Arabia, Turkiye and Pakistan have signed a mutual defense pact in Mecca, p...

Saudi-Bangladesh Flight Deal Raises Weekly Flights to 84

A new Saudi-Bangladesh aviation agreement raises weekly flights from 49 to 84 an...

Saudi Arabia Hands COP17 Presidency to Mongolia

Saudi Arabia concludes its UNCCD presidency at COP17 in Mongolia, showcasing a $...

Saudi Economy Contracts 4.8% in Second Quarter as Oil O...

Saudi Arabia's GDP fell 4.8% year-on-year in Q2 2026 as oil output dropped, even...

Saudi Arabia Keeps Inflation Among the Lowest in the Gu...

Saudi Arabia's inflation rate held at 1.8% in July, one of the lowest readings i...