Following the recent announcement from Bahrain Civil Aviation Affairs regarding the reopening of the of airspace of the Bahrain, Gulf Air, the national carrier of the kingdom, resumed its operations from Bahrain International Airport after 40 days of airspace closure with its inaugural flight to Riyadh.
Rua Al Madinah, a leading Saudi developer and PIF unit, has awarded a SAR8 billion ($2.1 billion) contract for the construction of superblock five within the holy city’s mega tourism and cultural development, featuring 10 branded hotels including JW Marriott, Le Meridien, Sheraton, Fairmont and Hyatt.
Leading real estate companies, developers, investors and financial institutions as well as government agencies will be in Saudi city of Dammam for the fourth edition of the Saudi Expo Real Estate Development & Ownership (Seredo 2026) which kicks off on May 4.
The cement sales volumes across the Kingdom of Saudi Arabia declined by 6.7% y-o-y and 21.3% m-o-m to hit 3.37 MT, reflecting the holiday effect and recent geopolitical developments, according to a new report. The sales volume for the first three months fell by 4.7% y-o-y to 12.76 MT.
Saudi Arabia’s Ministry of Commerce said more than 71,000 commercial registrations were issued during the first quarter of 2026, thus bringing the total number of active registrations in the kingdom to more than 1.89 million.
Saudi Arabia’s General Entertainment Authority reported over 89 million visitors to the Kingdom’s entertainment sector in 2025, highlighting strong growth under regulations designed to improve experience quality.
Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV), a key investor in innovative clean-energy and sustainability technologies, from Prince Alwaleed bin Talal bin Abdulaziz AlSaud for SAR255 million ($68 million).
The eight OPEC+ countries, namely the UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, have announced an adjustment to oil production levels, reaffirming their joint commitment to supporting stability in global oil markets, said a report.
Saudi Arabia's National Shipping Company Bahri has delivered solid results for the first quarter of 2026 with a 129% growth in its revenue which soared to SAR4.96 billion ($1.32 billion) driven primarily by higher freight rates, while its net profit surged to hit SAR2.15 billion ($572 million).
Cloudsdcs, a global enterprise cloud and cybersecurity specialist with over 20 years of experience, has announced its expansion into Saudi Arabia with support from AstroLabs, the Gulf’s premier business setup and growth platform.
