Loading
Stay informed on the latest legal, regulatory, business and market developments relevant to Saudi Arabia and the region.
Oil prices edged lower on Tuesday, falling about 1 percent as prospects for a resolution of the US-Israeli war on Iran kept supply fears at bay with talks in Tehran, despite renewed Houthi attacks on Saudi Arabia.
Oil prices fell 1 percent in early trading on Tuesday as talks between Saudi Arabia, Iran and regional mediators raised hopes for an easing of the Middle East conflict.
Saudi Aramco will seek to reassure investors next week with analysts forecasting a drop in third-quarter profits. The state oil company’s CEO, Amin Nasser, has told shareholders to expect long-term spending to strengthen its oil export routes rather than…
The Saudi Energy Company and the National Water Company announced on Sunday adjustments to electricity, water, and wastewater service tariffs across the Kingdom.
SINGAPORE —Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman stated that ensuring energy security requires more resilient systems, sustained investment, and reliable partnerships capable of addressing challenges and…
SABIC’s largest investment in China, the Fujian petrochemical complex, is on track for startup in the fourth quarter of 2026 after three plants completed trial runs, the company’s CEO said.
Abu Dhabi renewable energy company Masdar is acquiring a solar project in Greece. Terna Energy, through which Masdar is expanding across southeastern and central Europe, will acquire the 550MW solar photovoltaic facility from Lightsource bp, a London-based…
Saudi-listed Bahri has ordered three very large crude carriers (VLCCs) from International Maritime Industries (IMI), the largest shipyard in the Middle East and North Africa.
تعتزم السعودية تخزين النفط الخام في سنغافورة اعتباراً من النصف الثاني من عام 2027، في خطوة تعزز حضورها التخزيني في آسيا وتوفر مرونة إضافية لإدارة إمداداتها.
Abu Dhabi National Oil Co. has unveiled more than 60 billion dirhams ($16.3 billion) in local manufacturing opportunities through 2030, as the UAE energy giant seeks to boost domestic production and strengthen industrial supply chains.
Saudi Minister of Energy, Industry, and Mineral Resources Prince Abdulaziz bin Salman stressed on Monday that the Kingdom has continued to supply global energy markets under difficult circumstances, which practically demonstrates the resilience of the Saudi…
The Saudi Basic Industries Corporation (SABIC) returned to profitability in the third quarter of 2026, reporting a net profit of $133 million (SAR 499 million), compared to $116 million (SAR 434 million) in the same period last year.