The oil giant still has a low gearing ratio among global oil companies, which gives them room for increased borrowing, if needed
Saudi Arabia
Arab Light Crude
Saudi Arabia may cut July oil prices to Asia amid OPEC+ supply surge: Report
Saudi crude official selling prices are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices
infrastructure investment
Riyad Capital announces $270mn project in Saudi city of Abha
To be built in collaboration with Mdr Development, the Shalalat Abha Project will be spread across an area of 1mn square meters
construction industry
Middle East office fit-out costs rise as competition for labour intensifies: Report
Cities including Riyadh, Dubai, and Abu Dhabi are seeing investment in commercial office space with emphasis on technology integration and sustainability-led fit-outs
Abdul Latif Jameel Co
Uber teams up with Abdul Latif Jameel to explore advanced mobility in Saudi Arabia
Partnership to focus on scalable fleet operations, autonomous vehicle integration, and creating 30,000 new jobs for Saudi nationals
Brand View
OSUS invests $534mn in mixed-use development project in Riyadh
OSUS EYE includes residential units, a Hilton Garden Inn hotel, a Curio Collection by Hilton branded residences tower, office spaces, and retail facilities
F&B business
Tashas Group plans major regional expansion with 8 new locations
Founder and CEO Natasha Sideris talks Saudi opening in September and new locations across the UAE
Egypt
Plans to connect Saudi and Egypt through rail complete, says minister
Transport Minister indicates it could be a bridge or a tunnel; If completed, it would integrate railways into Asia-Europe trade
Eid
Saudi Arabia calls for moon-sighting ahead of Eid Al Adha 2025
Saudi Arabia has called on people in the Kingdom to report moon-sighting ahead of Eid Al Adha 2025
Egypt
Salah says Liverpool fans played a role in him rejecting lucrative Saudi move
The Egyptian star says “negotiations were serious” with Saudi Premier League officials before he rejected a reported deal of $678mn
curriculum vitae
Saudi Arabia launches CV upload feature for domestic workers
The new service aligns with the ministry’s broader efforts to develop the recruitment sector in Saudi Arabia
Aramco
Saudi Aramco weighs asset sales to boost liquidity, say sources
Saudi oil giant Aramco has asked investment bankers to pitch ideas for how to raise funds from its assets
airport services
Saudi’s Matarat, Thales sign MoU to boost airport innovation, passenger experience
Partnership aims to integrate cutting-edge technologies for operational excellence and secure passenger journeys across 27 airports in Saudi Arabia
Red Sea tourism
Saudi Red Sea Authority, Fincantieri sign MoU to boost maritime, tourism development
The Italian shipbuilder has inaugurated the new offices of its local subsidiary, Fincantieri Arabia for Naval Services, in Riyadh
Asian Winter Games 2029
Why infrastructure will decide Saudi Arabia’s sporting legacy
As the Kingdom gears up to host the world’s biggest events, Sachin Kerur argues that success won’t be judged by medals – but by how well the nation builds for what comes after
Cybersecurity
Mastercard launches first Middle East Cyber Resilience Centre in Saudi Arabia
Riyad Bank is the first partner in Mastercard’s new Saudi-based Cyber Resilience Center, aiming to boost cybersecurity training, risk assessments, and global standards adoption
Aviation
Flynas prices IPO at top of the range after frenzied institutional interest
The first Middle East airline IPO in 20 years will be priced at $21.33 after institutional investors placed orders of $109bn for the $1.1bn sale