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  • Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals

    The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results released July 28.

  • Saudi Arabia launches seasonal markets system for date trading

    The National Center for Palms and Dates, in collaboration with the Ministry of Environment, Water, and Agriculture, has announced the launch of the Seasonal Markets System, a mandatory electronic platform designed to regulate and organize the trading of dates in seasonal markets. The system aims to enhance the efficiency and quality of market data across all regions of the Kingdom, requiring registration for anyone looking to sell, buy, or market dates.

  • Saudi Arabia joins 80 countries in historic deal on e-commerce

    About 80 countries including Saudi Arabia reached a historic agreement on Friday on rules governing global digital commerce, including recognition of e-signatures and protection against online fraud. “We negotiated the first global rules on digital trade,” EU trade chief Valdis Dombrovskis said after the deal in Geneva following five years of negotiations.“This will facilitate e-transactions, boost innovation, and integrate developing countries into the digital economy,” he said.

  • Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour

    Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).

  • Saudi Arabia issues major update on incredible new £3.8bn seaside city

    Spread over 3,800 square kilometres, it showcases the Kingdom’s commitment to innovation, sustainability and cultural heritage. It comprises three distinct communities: Triple Bay, The Island, and The Coastal Development.

  • Amid ‘politicization’ claims, Iraq prepares for first census after Saddam

    Iraq is gearing up for its first general population census in 27 years, due to take place on Nov. 20. However, claims that the initiative will fall victim to partisan wrangling have dogged its planning stages. Meanwhile, supporters of the campaign have defended the economic focus of the census questionnaire, claiming that the data will be invaluable to rebuilding Iraq’s battered public services—particularly amid its ongoing development boom

  • Why Gulf National Oil Companies Are Investing in U.S. LNG

    Saudi Aramco and the Abu Dhabi National Oil Company are investing in U.S. liquefied natural gas projects, signaling their confidence in long-term gas demand and ambitions to become global gas players. These deals reinforce the commercial appeal of U.S. LNG and suggest that Gulf national oil companies represent a new pool of capital for global gas investment. It is notable that some of their first forays into international LNG have occurred in the United States, especially in a period of shakier policy support in Washington for LNG exports. The deals suggest that Washington’s relations with Riyadh and Abu Dhabi are improving.

  • Israeli officials say they seek to avoid all-out war in Lebanon retaliation

    Israel wants to hurt Hezbollah but not drag the Middle East into all-out war, two Israeli officials said on Monday, as Lebanon braced for retaliation after a rocket strike that killed 12 children and teens in the Israeli-occupied Golan Heights. Two other Israeli officials said Israel was preparing for the possibility of a few days of fighting following Saturday's rocket strike at a sports field in a Druze village.

  • Road accident deaths down 54% in Saudi Arabia

    The Health Sector Transformation Program has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016. The Program's report also indicated a reduction in road accident injuries, reaching 70.87 per 100,000 people, down from 74 injuries per 100,000 people in 2016. Roads that meet traffic safety standards accounted for 77%, while vehicles complying with updated periodic inspection requirements and standards accounted for 46%.

  • Saudi markets receive over 29 tonnes of seasonal produce from Qatif oasis farms

    The farms of Qatif Oasis are playing a crucial role in supplying fruit and vegetable markets throughout Saudi Arabia’s Eastern Province. From Al-Khafji in the north to Al-Ahsa in the south, they provide a wide variety of seasonal produce including vegetables, fruits and fresh dates. Spanning some 800 sq. km from Safwa to Dammam, Qatif governorate is home to over 3,700 farms of which 2,454 are actively producing a variety of crops, reported Saudi Press Agency.