تابع أحدث التطورات القانونية والتنظيمية والاقتصادية وتطورات الأسواق المتعلقة بالمملكة العربية السعودية والمنطقة.

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.

Saudi Arabia’s imports have held steady despite the closure of the Bab al-Mandab strait to Saudi shipping and a Houthi-enforced “siege” on the kingdom’s ports.

Dubai has launched the third phase of its stormwater drainage project, which will expand the network by almost 100 kilometres. Four new projects were awarded under the latest phase of the AED30 billion ($8.2 billion) Tasreef programme, launched in 2024, the…

UAE exports to Benin in West Africa are expected to exceed $1 billion by 2033 following the signing of a comprehensive economic partnership agreement (Cepa), a senior government official has said.

Saudi Arabia plans to store crude oil in Singapore to protect supplies to Asian customers from further disruption following the Iran war. “Saudi Arabia and Singapore are announcing our joint intent to establish an arrangement for Saudi crude oil to be stored…

Petrochemicals company Saudi Basic Industries Corp (Sabic) has returned to quarterly profit despite disruption caused by the Iran conflict, but has reduced its spending plans for the year.

Houthi missile and drone attacks targeted Saudi Arabia on Monday, but oil prices fell after US President Donald Trump ruled out imminent strikes on Iran. US military officials also reported continued oil shipments through the Strait of Hormuz.

Port of Neom, part of Saudi Arabia’s flagship Neom giga-project on the Red Sea coast, is set to open its long-awaited container terminal next month.

Riyadh’s international airport is losing tens of millions of dollars as passenger traffic falls to near zero, but a full shutdown could prove even more costly, aviation analysts say.

Saudi Arabia’s credit default swaps (CDS) have hit a six-month high as its renewed conflict with Yemen disrupts economic activity, although recovering oil exports are helping to soothe investor concerns over its creditworthiness.

Trucking costs across the Gulf are rising exponentially as disruption to Red Sea shipping forces companies to divert cargo through alternative ports and overland routes, logistics companies have told AGBI.