Stocks
Aramco Oil Depots Hit by Houthis; US Pauses Iran Strikes for Two Weeks
Houthi forces attacked two Saudi Aramco oil depots along the Red Sea on Saturday. This coincided with the US holding off on...
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Stocks
China Boosts Middle East Oil Buys as Saudi Slashes Prices
China has increased oil purchases from the Middle East, driven by deep discounts from Saudi Arabia, which are expected to further boost...
World Business
Riyadh, Moscow Cement Oil Control; OPEC Influence Wanes
As Saudi Arabia and Russia deepen their energy cooperation, their combined influence over global oil supply grows, challenging traditional market dynamics amidst...
World Business
Saudi Arabia Ends 5-Year Ban on Lebanese Imports
Saudi Arabia has lifted a five-year ban on Lebanese imports, a move aimed at rebuilding relations and supporting Lebanon's struggling economy.
Stocks
Riyadh Air Takes Delivery of First Boeing 787 Dreamliners
Riyadh Air has received its initial two Boeing 787 Dreamliner aircraft, signaling a significant step towards the airline's upcoming launch of commercial...
Finance
Saudi FinTech Stitch Raises $25M Series A for Core Banking Overhaul
Saudi Arabia-based FinTech Stitch has raised $25 million in Series A funding led by Andreessen Horowitz to replace fragmented, legacy bank core...
World Business
UAE Quits Oil Cartel Effective May 1
The United Arab Emirates announced its departure from OPEC, effective May 1, citing a long-term strategic vision and increased domestic energy investment....