British budget airline easyJet has agreed in principle to a revised takeover offer from US investment firm Castlelake, valuing the carrier at up to £5.5 billion ($7.34 billion).
Valvitalia Group has secured a contract worth approximately $30 million to supply valves for the Desert Southwest pipeline, one of the largest energy infrastructure projects currently under development in the southwestern US.
The United States launched a heavy wave of airstrikes against Iran late on Wednesday, marking the most significant direct attack on Iranian territory in days and sharply escalating a conflict that is increasingly threatening regional security, global energy supplies and international shipping.
Global electric car sales rebounded strongly in the second quarter of 2026, with growth in markets including Australia, Europe, South Korea and other regions offsetting weaker demand in China and the US, according to a new report from the International Energy Agency (IEA).
US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted.
Saudia has expanded its codeshare partnerships with Delta Air Lines, Air France-KLM and Virgin Atlantic, enhancing access to North America through major European hubs. The agreement will connect travellers to nearly 30 destinations across the US and Canada via Paris, Amsterdam and London.
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 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.
Travellers are packing more tours and attractions into holidays despite flat per-person spending in the US and declining spend in Europe, an Arival and Phocuswright report found, with Americans averaging more than four experiences per trip despite shorter stays.
