Global energy storage deployments on track for record year in 2025, BNEF says

The firm said it had lowered its expectations for 2025 slightly due to the on-again, off-again US tariffs against trading partners, particularly China, and changes in US policy direction ushered in with the second Trump presidency. However, those...

Saudi Arabia’s $7b rail: Riyadh to Jeddah in 4 hours

A Land Bridge: A desert marvel The ambitious “Land Bridge”, described by many as a “desert miracle”, will connect Jeddah on the Red Sea to Dammam on the Gulf via Riyadh, spanning nearly 1,500 kilometres of rail. Once completed, the project will...

Iraq's agricultural heartland slowly succumbs to collapse

Once the cradle of early agriculture, Iraq risks losing its fertile lands to desertification driven by climate change, upstream dams, and poor water management. This accelerating loss highlights the need for urgent action if Iraq is to avoid...

Investment Funds in Saudi Arabia

In a nation with a strong economy like the Kingdom of Saudi Arabia, different investment strategies are developed in response to market demands. The growth of these markets has made trading a lucrative but dangerous part of investing....

Energy Deficit Can Cloud The Future Of Russia’s Megacity

Smart cities integrate advanced technologies, such as robots tasked with food and package delivery in Moscow. Russia's current electricity generation and distribution strategy is unlikely to sustain the expansion of cloud city development. CNN The...

Economic Watch: China's oldest truck maker goes global, with an entire industry ecosystem in tow

CHANGCHUN, Oct. 21 (Xinhua) -- In the heart of China's industrial northeast, a manufacturing titan is undergoing a quiet transformation. FAW Jiefang, the commercial truck behemoth that represents the very roots of the country's automotive...

Bahrain rides the wave: steady growth ahead

TDT | Manama Email : editor@newsofbahrain.com Bahrain’s economy is set to expand 3.3% in 2025, the IMF says, as stronger oil output and steady non-oil activity support growth. In its October report, Regional Economic Outlook: Middle East and North...

How Trump’s Asia Pivot Can Pack a Punch

As Donald Trump boards Air Force One for the first East Asia trip of his second term, he is confronting the main challenge facing the United States and the one that will define his legacy: the ongoing competition with China. There are reasonable...

Industrial Sector Records Steady Growth, Strengthening Investment Climate and Job Creation

Ammon News - The industrial sector is on an upward trajectory, marking eight consecutive months of growth this year, a performance that underscores renewed investor confidence, economic stability, and the sector’s expanding role in driving...

light festival noor riyadh illuminates city with interactive installations ‘in the blink of an eye’

noor riyadh returns from 20 November to 6 December In Riyadh, creativity is reshaping the very fabric of the city as Noor Riyadh, the world’s largest festival of light and art and part of the Riyadh Art program, is transforming the Saudi capital...

Vantris Energy JV secures Aramco diving services deal

PETALING JAYA: Vantris Energy Bhd’s joint venture Rawabi Sapura Ltd (Rawabi JV), has been awarded a seven-year contract commencing in 2027 to provide essential diving support services for Aramco, one of the world’s leading integrated energy and...

UN’s Failed Shipping Emissions Scheme: A Case of Taxation Without Representation

The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. The recent collapse of the United Nations–backed global shipping emissions deal is not the environmental catastrophe portrayed by...

Saudi Arabia offers Premium Residency at SAR 4,000: Know how to get the sponsor-free gateway to the Kingdom

Saudi's Premium Residency program includes five different routes costing SAR 4,000 offering exceptional individuals an opportunity to live and work in the Kingdom without the need for a sponsor. Image: File Saudi Arabia’s Premium Residency Permit...

Goldman Sachs sets up private wealth management team in Saudi Arabia

Goldman Sachs is setting up a private wealth management team in Saudi Arabia, it said on Tuesday, as it boosts its offer in the Middle East to serve a growing number of high net worth individuals in the region. In May last year, the U.S. bank...

Acwa Power achieves $2.9bln financial close for Saudi CCGT plant

Leading global utility project developer Acwa Power has announced that one of its key affiliates - Hajar Two Electricity Company - has achieved a SAR10.8 billion ($2.9 billion) financial close for the Qurayyah CCGT IPP Expansion Project located in...

India’s oil imports in Oct rise as refiners come out of maintenance; GST cuts, travel boost demand

New Delhi: India’ crude oil imports are likely to increase in October compared to the past few months, as refineries return to operating at higher capacity after scheduled maintenance and the recent GST cuts boost economic activity and consumer...

Saudi Arabia abolishes Kafala system for immigrants, grants new rights to millions

Saudi Arabia has officially ended its 50-year-old Kafala system, a labour sponsorship framework that tied migrant workers’ residency and employment to individual employers. According to a report by Times of India, the reform, announced in June...

Mideast Stocks: Most Gulf markets track Asian shares higher; weak earnings weigh on Saudi

Most Gulf stock markets rose in early trade on Tuesday, in line with Asian benchmarks, on potential easing of U.S.-China trade tensions, although Saudi Arabia’s index dipped due to disappointing corporate earnings. Dubai's main share index rose...

Creativity Takes Centre Stage as Global Industry Leaders Gather in Riyadh for Athar Festival 2025

Athar – Saudi Festival of Creativity, the Kingdom’s largest gathering of the creative marketing industry, returns to Riyadh from 21-22 October at JAX District’s Diriyah Biennale Foundation for its third edition. This celebration of all things...

UAE Fintech Giant Qashio Acquires Sanad Cash to Accelerate Saudi Expansion

Qashio, the UAE’s leading corporate spend management platform, acquired Sanad Cash, one of Saudi Arabia’s first and most established expense management solutions. This landmark deal marks a major milestone in Qashio’s growth into the Kingdom of...