Author: Admin

Shipping activity through two of the world’s most strategically important maritime passages, the Strait of Hormuz and the Bab el-Mandeb, remained largely unchanged on Tuesday despite continued uncertainty surrounding diplomatic efforts to end the conflict between the United States and Iran. According to ship-tracking data from Kpler, eight vessels transited the Strait of Hormuz during…

Saudi Aramco has increased its official selling prices (OSPs) for liquefied petroleum gas (LPG) for August, reflecting stronger demand across global energy markets. The Saudi Arabian state-owned energy giant raised the prices of both propane and butane by $40 per metric tonne, according to market traders. Under the revised pricing, propane will be sold at…

Just days before the Monaco Grand Prix, Abbas Sajwani welcomed guests aboard Amadea, his 348-foot superyacht anchored off the coast of Monaco. The vessel, valued at around $250 million, was acquired from the U.S. government in a confidential auction last September after it had been seized from alleged Russian oligarch Suleiman Kerimov three years earlier.…

Jeddah: The Cityscape brand is expanding its footprint in Saudi Arabia with the launch of Cityscape West KSA, a new real estate exhibition dedicated to the Kingdom’s Western Region. Backed by the Ministry of Municipalities and Housing (MOMAH), the event is designed to build on the success of the Cityscape Global series while creating a…

The International Monetary Fund (IMF) has projected that the widespread adoption of artificial intelligence (AI) could boost Saudi Arabia’s gross domestic product (GDP) growth by as much as 6% in the years ahead, underscoring the Kingdom’s rapid digital transformation and its growing position as a global AI powerhouse. In its latest assessment, the International Monetary…

OPEC+ is preparing to approve one final increase in oil production targets for September before pausing its series of monthly quota hikes through the remainder of 2026. The move would mark the completion of the alliance’s plan to gradually restore voluntary production cuts introduced in 2023 while shifting its focus toward longer-term supply management. According…

Saudi Residential Property real estate market remained under pressure in the second quarter of the year, with property transaction volumes declining sharply despite a modest improvement in overall activity compared to the previous quarter. According to a report by Al Rajhi Capital, one of the Kingdom’s leading financial institutions, market momentum remained subdued, highlighting persistent…

Emirates is widely recognized for operating one of the world’s largest fleets of Airbus A380 aircraft, complemented by an extensive network of Boeing 777-300ERs and an expanding fleet of Airbus A350-900s. While the airline continues to prepare for the arrival of Boeing 777X and 787 Dreamliner aircraft, it also relies on a smaller but strategically…

Operating the world’s longest Airbus A380 route requires far more than deploying the airline’s largest aircraft. Emirates’ nonstop service between Dubai International Airport (DXB) and Auckland Airport (AKL) is a carefully orchestrated operation that balances aircraft performance, fuel planning, weather conditions, and operational flexibility to ensure one of the aviation industry’s most demanding flights runs smoothly.  While the route is…

Panda Supplements has officially introduced its much-anticipated Dubai Chocolate flavor for its flagship Fuel Premium Protein, bringing one of the world’s most talked-about dessert trends into the sports nutrition category. The launch follows a week of speculation after the brand teased a mystery flavor featuring rich chocolate tones paired with distinctive pistachio-green visuals, hinting at…