Saudi Arabia
Young generations face unprecedented climate extremes
More than half of children born in 2020 will experience unprecedented lifetime exposure to extreme heatwaves even if global warming is limited to 1.5°C above pre-industrial levels.
Iran pips Saudi Arabia and Russia as having world's cheapest gasoline
READ MORE: Iran's petrol now world's cheapest at just $0.018/litre, undercutting Saudi Arabia's $0.62 rate amid growing pressure for subsidy reforms.
Gulf ACWA Power's Q1 profits surge 44%, exceeding market expectations
Saudi Arabia's renewable energy giant ACWA Power reported a 44% year-on-year increase in first-quarter net profits to SAR427mn, significantly outperforming analyst forecasts of SAR358mn.
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — partly due to a global slowdown, but more due to a power struggle within OPEC+.
UPDATE: Iran blasts Trump's attempt at renaming Persian Gulf
US President Donald Trump outraged Iranians of all stripes with his push to rename the Persian Gulf.
COMMENT: Trump’s tariff drive hits emerging markets as growth and inflation forecasts slide – Oxford Economics
President Donald Trump’s aggressive trade policies are already casting a long shadow over emerging market economies, with analysts cutting growth forecasts and warning of prolonged investment uncertainty and policy disruption.
Saudi Arabia deploys AI to streamline Hajj
Saudi Arabia's Interior Ministry is using artificial intelligence applications within an integrated work system to serve pilgrims and complete their procedures.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Saudi Arabia's US Treasury holdings fall to $126.4bn in February
Saudi Arabia's holdings of US Treasury securities decreased to $126.4bn in February 2025, dropping by $500mn compared to January.
Saudi Arabia plans to pay off Syria's debts to World Bank
Saudi Arabia is preparing to settle Syria's outstanding debts to the World Bank, according to insider sources speaking with American news agencies.
Global executions reach highest level since 2015, with Iran, Saudi Arabia and Iraq responsible for 91%
Iran, Iraq and Saudi Arabia were responsible for the overall rise in known executions, accounting for 1,380 recorded executions, or 91% of the global total.
Middle East markets suffer massive losses as Trump tariff effects continue
Middle East stock markets continued to bleed losses at the start of trading on April 7, as the effects of US tariffs on numerous countries persist.
Oil falls 3.75% amid global trade war recession fears
Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand.
Indian EPC company L&T’s expanding footprint in the global energy space
Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market.
HALLIGAN: Trump's tariffs are either madness or genius – it could go either way
Donald Trump has referred to tariffs as “the most beautiful word in the dictionary”. And now the US President has unleashed the most aggressive surge in American trade protectionism in almost a century.
BMI: New US tariffs set to reshape economic landscape across Middle East
The recently announced US tariffs threaten to redefine economic trajectories across the Middle East and North Africa region, with varying impacts likely across oil exporters and importers.
US imposes 17% tariffs on Israeli goods while Iran faces only 10%
US President Donald Trump announced a comprehensive new trade policy on April 2 that reveals a striking disparity in tariff rates between Israel and Iran.
Saudi Arabia begins work on $140bn 'Hidden Marina' as part of NEOM megaproject
Saudi Arabia has started construction on the "Hidden Marina", a key component of its $1.22 trillion NEOM desert megaproject.
Saudi national afforestation programme to launch digital monitoring platform
Saudi Arabia's National Afforestation Programme will soon launch an electronic platform to monitor projects interactively and provide accurate, real-time reports to officials and stakeholders.