Shipping invoice on Saudi, China oil route hits highest level in 2.5 years

Shipping costs for oil from Saudi Arabia to China just jumped to $87,000 a day, the highest rate in two and a half years, according to Bloomberg. That’s the current price tag for moving 2 million barrels on one of the world’s biggest tankers. It’s...

Saudi Arabia to Introduce Cross-Border QR Payments with Alipay+

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox The Saudi Central Bank (SAMA) and Ant International, a global digital payments and financial technology provider, plan to introduce cross-border QR code payments...

Saudi Tourism expands focus on Indian leisure, MICE and wedding segments

Saudi Tourism has successfully concluded a three-city trade roadshow across India, underscoring its commitment to the market as a key driver of inbound tourism. The series, held between 15 and 19 September 2025, brought together industry leaders...

Saudi Culture Minister Honors Winners of Fifth National Cultural Awards

Saudi Minister of Culture Prince Bader bin Abdullah bin Farhan honored the winners of the fifth edition of the National Cultural Awards Initiative under the patronage of Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. A ceremony, held at...

Saudi Arabia launches tender for 5.3GW of renewables, 3.1GW of solar

The SPPC will also consider applicants to deliver two wind projects, the 1.3GW Blighah wind project and the 900MW Shagran wind project. It aims to reach decisions on successful applicants by 29 September this year. The requests come under the...

Saudi Arabia expands potato processing capacity

Al-Jouf Agricultural Development Company, based in Saudi Arabia, manages a 60,000-hectare estate producing crops such as wheat, barley, corn, onions, and potatoes. To meet the growing demand for processed potato products, the company has invested...

Oil prices steady after Israeli strike on Hamas in Qatar

Israel issued an airstrike on Doha, Qatar, on September 9, 2025. Oil prices only rose modestly. This is considered unusual in light of the recent conflicts, which suggest an international supply-demand imbalance, evident in the minor production...

Saudi Reef unveils ‘Sustainable Reef’ to back rural communities

‘Saudi Reef’, the Sustainable Agricultural Rural Development Program, has launched a new media initiative titled ‘Sustainable Reef’, aimed at highlighting the program’s significant impact in supporting rural communities and promoting agricultural...

Money20/20 Middle East Opens in Riyadh with Record Fintech Participation

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox Money20/20 Middle East officially opened today at the Riyadh Exhibition and Convention Centre in Malham, marking a milestone for the financial technology sector in...

barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia

Thunes, the Smart Superhighway to move money around the world, and barq, the rapidly-growing digital wallet in Saudi Arabia, announce the launch of barq's enhanced remittance services to millions of consumers across the Kingdom. Through Thunes'...

Visa Debuts First Local Cloud-hosted Acceptance Platform in Saudi

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox Visa has announced that the Visa Acceptance Platform is now hosted on local cloud infrastructure in Saudi Arabia, marking the first implementation of its kind by...

Iraq Signs Deal With TotalEnergies and QatarEnergy LNG To Change Its Energy Future

TotalEnergies started the primary redevelopment of the Ratawi oil field. It aims to increase production to 120,000 barrels per day by next year. Iraq has entered into a joint operations agreement with France’s TotalEnergies, QatarEnergy LNG, and...

Dyna.Ai Expands in Saudi Arabia with New AI Solutions

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox Dyna.Ai, a global AI services company, has announced plans to expand its presence in the Kingdom of Saudi Arabia (KSA). The announcement follows the opening of its...

Thunes launches real-time cross-border payments in Saudi Arabia

Thunes, a global payments network, has announced the rollout of real-time cross-border payments into Saudi Arabia. The company noted that using its Direct Global Network, Thunes’ members can now facilitate instant payouts directly to bank accounts...

Google Pay and Google Wallet Launched in Saudi Arabia

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox Google announced the official launch of Google Pay and Google Wallet in Saudi Arabia, providing Android users with a secure and convenient way to make digital...

HPE Launches Local AI-native Networking Cloud in Saudi Arabia

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox Hewlett Packard Enterprise (HPE) has announced the availability of a local cloud instance in the Kingdom of Saudi Arabia for its HPE Juniper Networking Mist...

Government leaders and industry experts emphasize the ‘power of collaboration’ on the opening day of Global Infrastructure Expo and Smart Cities Saudi Expo

His Highness Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh Region and Chairman of the Board of Riyadh Infrastructure Projects Center inaugurated the events Global Infrastructure Forum convened high-level industry leaders, with...

Experimenting with a Climate and Energy Ministry: Lessons from Germany and Britain

Published: 17 Sep. 2025, 00:04 Audio report: written by reporters, read by AI Ohn Ki-un The author is an adviser to the Association of Professors for Rational Energy Policy and a former economics professor at Soongsil University. The government...

Iraq seeks massive irrigation drive as agriculture falters

2025-09-16T13:19:53+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq needs about 80 million modern irrigation systems to confront its deepening water crisis, Minister of Industry and Minerals Khaled Battal al-Najm declared on...

Money20/20 Middle East 2025: Riyadh’s Roar—Vision, Unicorns, and a New Global Order on Day One

The inaugural Money20/20 Middle East opened on September 15, 2025, at the Riyadh Exhibition and Convention Centre in Malham. The event drew over 45,000 attendees, more than 450 exhibiting brands, and upwards of 600 investors to the Saudi capital,...