ACWA Power says financing secured for 5 solar projects in Saudi Arabia

Saudi-listed ACWA Power, Badeel, a subsidiary of the Public Investment Fund, and Saudi Aramco have signed the financing agreements for five solar PV projects with a cumulative capacity of 12,000 gigawatts (GW). The agreements were signed on the...

COMMENT: Sanctions on Rosneft and Lukoil are symbolic and won’t stop its oil exports

The Trump administration’s sanctions on Russian oil giants Rosneft and Lukoil, announced on October 22, may appear decisive at first glance, but they are not going to make a material difference to Russia’s export of oil, Sergey Vakulenko, an...

Saudi Arabia Moves Billions From Neom to AI Investments Backed by Nvidia and Amazon

Saudi Arabia is shifting its focus from its $500 billion Neom project, the futuristic city announced in 2017, to AI-related technology. The change marks a shift away from massive construction projects toward faster-growing industries that offer...

Shehbaz returns after securing major economic deal with Saudi Arabia

Published on: October 29, 2025 9:58 PM Prime Minister Muhammad Shehbaz Sharif returned to Islamabad on Wednesday after completing a successful official visit to Saudi Arabia, where he held high-level discussions to strengthen bilateral ties. His...

Trump’s 2025 Venezuela Escalation Is A Sham For Oil

Above photo: theweek.com. On October 16, 2025, Donald Trump’s second term ignited a reckless campaign against Venezuela, greenlighting covert CIA operations, deploying 4,000 Marines and F-35 jets to the Caribbean, and launching strikes on...

World Energy Council to Asharq Al-Awsat: Saudi Arabia Plays Major Diplomatic Role

Secretary General of the World Energy Council Dr. Angela Wilkinson said Saudi Arabia plays an influential diplomatic role on the global stage, noting that its contribution is often underappreciated. In remarks to Asharq Al-Awsat on the sidelines...

Samsung E&A and Honeywell Partner to Drive Energy Innovation

Samsung E&A, a total solutions provider for the global energy industry, announced a strategic collaboration with Honeywell to explore new opportunities in technology advancement, energy efficiency, and sustainable solutions. The companies signed a...

FTSE 100 Live: London blue-chip fightback, positives taken from...

4.01pm: FTSE fightback The FTSE 100 has fought back to positive territory, having been down over 125 points or 1.3% mid-morning. Defensives are leading the way, chiefly drugmakers, utilities and tobacco companies, including GSK, AstraZeneca, BAT,...

Saudi’s RSGT Finalizes 30-Year Lease of Djibouti’s Tadjourah Port

The Middle East-based terminal operators continue to expand their footprint in Africa, with governments in the region opening ports to private investors. Last week, Saudi Arabia’s Red Sea Gateway Terminal (RSGT) signed a 30-year concession...

is this what saudi arabia’s sky stadium for 2034 FIFA world cup will look like?

AI-generated ‘Sky Stadium’ in saudi arabia goes viral In recent days, dramatic images and videos of a football pitch hovering 350 meters above the desert have gone viral online, sparking global fascination and confusion. The visuals depict what...

Saudi Fabric of the Future: Landmark Initiative Driving Sustainability, Creativity in Fashion Sector

Saudi Arabia’s Fashion Commission, in collaboration with IE University, Mohammed Bin Salman Nonprofit City (Misk City), the Misk Entrepreneurship Community, Proaltus Capital Partners, and Collateral Good, announced the launch of Saudi Fabric of...

HUMAIN and AirTrunk Partner on $3B Data Centre Project in Saudi

Free Newsletter Get the hottest Fintech Middle East News once a month in your Inbox HUMAIN, a Saudi-based AI company, and AirTrunk, a data centre platform in the Asia-Pacific region, have announced a strategic partnership to develop data centres...

Saudi banks signal a pullback in lending after years of growth

Saudi Arabian banks are starting to show signs of pulling back on lending for the first time in years as liquidity tightness and new bank regulations make it more challenging to keep up with demand for credit. Medium-term lending by local banks...

Sanctions on Russia will reduce oil supplies to the world, push oil prices up — Dmitriev

RIYADH, October 29. /TASS/. Sanctions against Russian companies will reduce oil supplies on the global market and will lead to a surge in oil prices, said Kirill Dmitriev, Special Presidential Representative for Economic Cooperation with Foreign...

SPIMACO posts $346mln revenues in 9M-25; profits leap 220%

Riyadh - The net profits of Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) reached SAR 154.70 million in the first nine months (9M) of 2025. The registered net profits jumped by 220.28% from SAR 48.30 million in...

Saudi labour reform can unlock new doors

Saudi Arabia’s reform of its sponsorship programme for overseas workers is seen as a precursor to the kingdom opening up to foreign investment as it diversifies its economy away from oil. But alterations to the kafala system are partial, with...

Akdital Secures $1.4 Billion Saudi Partnerships in Major Gulf Expansion

Marrakech – Morocco’s leading private healthcare provider Akdital Group has signed strategic partnerships worth SAR 5.3 billion ($1.4 billion) in Saudi Arabia. The agreements, formalized during Riyadh’s Global Health Exhibitions on October 27,...

How the new US sanctions on Russian oil will impact energy markets

The Trump administration has taken decisive action to leverage its considerable sanctions authorities and increase pressure on the Russian government and its war machine. The latest US sanctions, targeting the major Russian oil and gas producers...

California’s Oil and Gas Policies: A ‘Clear and Present Threat to National Security’

California needs a federal intervention. Stat. Most California residents know that California’s self-inflected gasoline crisis is not only increasing prices at the pump, but increasing dependency on foreign oil suppliers and shippers to supply...

Hilton Surpasses 100 Hotels in Saudi Arabia, with a Growing Pipeline Representing a Combined Owner Investment of USD $8 Billion

Momentum continues across Hilton’s luxury brands, as well as continued growth across its lifestyle, full-service, and premium economy categories Tempo by Hilton makes its Middle East & Africa debut with the signing of Tempo by Hilton Riyadh Al...