A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions.
Shandong Electric Power Construction Corporation III has achieved a key milestone with the successful connection of the first wind turbine at the 600MW Al Ghat Wind Power Project in Saudi Arabia to the grid. The project comprises 80 wind turbine units, each with a capacity of 7.7MW.
SICO Capital, a leading provider of asset management, brokerage, and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority, has appointed Ziad Malak as Head of Investment Banking.
Saudi Arabia has issued a royal order approving the establishment of the Riyadh University of Arts, an independent educational institution headquartered in Riyadh under the supervision of the Ministry of Culture.
The Bahrain and Saudi Arabian Formula One Grands Prix will not take place in April as scheduled due to the ongoing situation in the Middle East region, the FIA said.
Saudi Arabia's Transport General Authority said it has mobilised a fleet of over 500,000 trucks to ensure uninterrupted freight movement and supply chain continuity across the country and the wider Gulf region, with the land transport system serving as a vital link between ports, airports and logistics zones.
Lucid Group, the maker of advanced software-defined vehicles and technologies, has announced a comprehensive financial and product strategy designed to scale its business, accelerate its path to profitability and positive free cash flow.
Expo 2030 Riyadh, the official World Expo to be hosted in Riyadh, has appointed Omnicom Media agency OMD MENA as its Lead Media Agency.
Saudi Arabia has curtailed its crude oil production by an estimated 2 million to 2.5 million barrels per day, while the UAE has reduced output by approximately 500,000 to 800,000 barrels daily, Bloomberg reported.
Iranian missile and drone attacks targeting key Gulf cities overnight caused minor damage to airports, port facilities and residential areas, with authorities across the region reporting swift interceptions and limited casualties.
