Radisson Hotel Group has strengthened its commitment to developing Saudi hospitality professionals by joining the Ministry of Tourism's newly launched Hospitality Ambassadors Programme, an initiative aimed at equipping Saudi nationals with international operational and leadership experience.
Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz.
The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq.
Saudi Basic Industries Corporation (Sabic) reported revenue of SAR 24.81 billion ($6.62 billion) for the second quarter of 2026, down 5 per cent compared with the previous quarter, as the company navigated geopolitical uncertainties, supply disruptions and elevated energy costs.
DP World has started operations at its first multi-client 3PL warehouse in Saudi Arabia, expanding integrated warehousing and distribution capacity for businesses serving the kingdom's consumer and industrial sectors. Located in Riyadh, the 15,250 sq-m facility provides over 17,000 pallet positions.
Saudi Arabia's National Shipping Company (Bahri) has reported a more than six-fold increase in Q2 net profit which hit SAR2.75 billion ($733 million), while its revenue soared to SAR6.3 billion ($1.6 billion), helped by higher freight rates and stronger demand for its crude oil shipping business.
Mammoet, a global leader in engineered heavy lift and transport sector, has expanded its fleet in Saudi Arabia with the deployment of seven Mercedes-Benz trucks, 60 Goldhofer conventional axle lines, Azobé crane mats and all-terrain and crawler cranes as part of a major investment in the kingdom.
Saudia and Air India have signed a strategic MoU to expand their partnership, enhancing connectivity between Saudi Arabia and India through broader codeshare cooperation, network integration, operational collaboration and potential expansion to affiliate carriers.
Oil prices extended their sharp decline in early Asian trading on Tuesday as markets welcomed a fourth consecutive night without military strikes between the United States and Iran, easing immediate fears of a wider disruption to Middle East energy supplies.
Saudi Water Authority will launch local production of energy recovery devices in 2027, establishing the world’s first facility outside the US to manufacture the desalination technology, boosting supply security and supporting exports.
