Category: News

Riyadh Air is expanding its international network with new services to Pakistan and the Philippines, strengthening Riyadh’s position as a growing global aviation hub. The Saudi carrier will launch flights to Islamabad, Lahore and Manila from August and September 2026, targeting strong expatriate demand while improving connectivity through Riyadh. Riyadh Air New Routes to Pakistan…

Emaar Properties PJSC (DFM: EMAAR) delivered second-quarter results that were broadly in line with analyst expectations, but the market response was subdued. The company reported revenue of approximately AED 12 billion and statutory earnings per share (EPS) of AED 0.42. Following the results, Emaar’s shares declined 5.6% over the subsequent week to AED 11.14. While…

Emirates flights from Dubai to Bahrain and Kuwait remain suspended, even as fellow Gulf carriers Etihad Airways and Qatar Airways have resumed services following weeks of disruption linked to the regional conflict. Emirates had earlier announced that flights to the two destinations would remain suspended until at least August 6. However, no Emirates-operated services to…

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…