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Saudi

Aramco begins exports from vast Jafurah project

Arabian Post Staff -Dubai Saudi Aramco has begun selling oil produced from its Jafurah field, marking the first reported export linked to the kingdom’s $100 billion unconventional gas development and signalling a new phase in one of the world’s largest energy projects. The state-controlled energy giant confirmed that condensate and associated liquids from Jafurah have entered commercial channels, underscoring Riyadh’s push to monetise resources from a field […]

Indo-US Trade Deal Promises To Be Contentious

Saudi utility completes Qassim water and wastewater works

Greenlogue/AP Saudi Arabia’s National Water Company has confirmed the completion of two major infrastructure projects in the Qassim Region at a combined cost exceeding 48 million Saudi Riyals, marking a key step in upgrading water and sewage services for communities in the central province. The initiatives, executed under the company’s long-term expansion strategy, include extensive drinking water pipeline installations in Buraidah and comprehensive sewage network construction in […]

Kuwait charts path to 4 million bpd oil capacity

Arabian Post Staff -Dubai Kuwait has set out a long-term plan to lift crude oil production capacity to 4 million barrels per day by 2035, up from about 3 million bpd at present, signalling a renewed push to secure upstream growth while managing the pressures of energy transition and market volatility. The target was outlined by Nawaf S. Al-Sabah, deputy chairman and chief executive of Kuwait Petroleum […]

Riyadh Air and Mastercard target new travel benchmarks

Arabian Post Staff -Dubai Riyadh Air, the new full-service carrier backed by the Public Investment Fund of Saudi Arabia, has entered into a strategic partnership with Mastercard that both companies say is designed to reshape how travellers and businesses engage with airlines, payments and digital services. The agreement, announced as Riyadh Air advances preparations for its first commercial flights, signals an attempt to integrate financial technology into […]

Saudi spending drives Middle East gaming surge

Arabian Post Staff -Dubai Saudi Arabia has emerged as the largest gaming market in the Middle East, accounting for about $1 billion of the region’s $2.52 billion consumer spending on video games, according to industry estimates compiled from market trackers and regional regulators. The scale of spending, combined with the highest average revenue per user in the region, underscores a structural shift in digital consumption driven by […]

Saudi giga projects face recalibration amid trillion-dollar ambition

Saudi Arabia’s flagship development drive remains anchored to an ambition that exceeds $1 trillion in combined value, even as authorities adjust timelines, scope and sequencing across some of the Kingdom’s most high-profile projects. A new assessment by Fitch Ratings said the combined value of five major giga projects — NEOM, Qiddiya, Red Sea Global, ROSHN and Diriyah — is still expected to surpass that threshold at completion, […]

MENA IPO markets raise $1.7bn from ten listings

Capital markets across the Middle East and North Africa recorded ten initial public offerings that raised a combined $1.7bn in the fourth quarter of 2025, signalling continued investor engagement despite broader market headwinds. According to the EY MENA IPO Eye Q4 2025 report, the MENA region sustained momentum in public market activity as companies across diverse sectors tapped equity markets for capital. Morocco’s Société Générale des Travaux […]

Saudi funds Turkey solar expansion pact

Greenlogue/AP Saudi Arabia has committed $2 billion to build two large-scale solar power plants in Turkey with a combined capacity of 2,000 megawatts, marking one of the biggest cross-border renewable energy investments announced between the two countries. The plan was confirmed by Turkey’s energy minister following high-level talks in Riyadh, underlining Ankara’s push to accelerate clean power deployment while drawing in long-term foreign capital. The agreement was […]

ADNOC Distribution posts strong 2025 earnings growth

Arabian Post Staff -Dubai   ADNOC Distribution has delivered record financial performance for 2025, underpinned by higher fuel volumes, steady network expansion and improving non-fuel revenues across its regional footprint, according to figures disclosed by the company. Full-year earnings before interest, tax, depreciation and amortisation rose 11.1 per cent year on year to $1.166 billion, while net profit climbed 15.4 per cent to $761 million, marking the […]

ADNIC plans GIFT City entry as global push widens

Abu Dhabi National Insurance Company is preparing to establish a branch in Gujarat International Finance Tec-City, positioning the insurer among a growing list of Gulf financial firms seeking a foothold in India’s offshore financial hub and signalling a sharper international expansion strategy. The move, expected to culminate in an operational launch in the latter part of 2026, follows approval from the Central Bank of the United Arab […]

OPEC+ holds supply line as Iran risk lifts crude

Oil prices extended gains as OPEC+ signalled it would keep production levels unchanged, choosing caution over a pre-emptive response to higher prices driven by geopolitical tension linked to Iran and fragile demand signals from major economies. Benchmark Brent crude traded above the mid-$80s a barrel during the session, supported by concerns over potential supply disruption in the Middle East and tighter physical markets in parts of Asia. […]

US clears Patriot missile package for Saudi Arabia

Arabian Post Staff -Dubai   Washington has approved a potential sale of Patriot interceptor missiles and associated equipment to Saudi Arabia with an estimated value of about $9 billion, marking one of the largest US arms packages proposed for the kingdom in several years and underscoring a renewed focus on air and missile defence cooperation in the Gulf. The clearance, granted by the US State Department and […]

OPEC+ signals continued output restraint as oil prices firm

OPEC+ is expected to keep its pause on planned oil output increases for March when key ministers meet on Sunday, according to people familiar with the discussions, as crude prices move above the $70-a-barrel mark amid heightened geopolitical risk in the Middle East. Brent crude has climbed to nearly $72 a barrel, the highest level since August, reversing earlier expectations that ample supply would weigh on prices […]

Saudi Arabia reins in flagship megaproject ambitions

Saudi Arabia has begun a broad recalibration of its most ambitious development schemes, signalling a more pragmatic approach to spending after months of official messaging about fiscal discipline. Authorities have ordered sweeping reviews across several headline projects spanning Neom, Jeddah and Riyadh, as pressure mounts to balance long-term transformation goals with near-term economic realities. The shift became visible with the decision to delay the 2029 Asian Winter […]

Saudi Arabia weighs broader premium residency access

Saudi Arabia is preparing draft proposals to widen eligibility for its premium residency programme, potentially extending long-term residency rights to groups ranging from superyacht owners and residents of flagship developments to high-performing international students, according to a person with direct knowledge of the deliberations. The plans, which remain under internal review and have not been finalised, are designed to draw sustained foreign capital and skilled residents into […]

SARCO secures Riyadh commercial land acquisition

Arabian Post Staff -Dubai Saudi-listed Saudi Arabian Refineries Company has moved to expand its property footprint after confirming the acquisition of a commercial land parcel in Riyadh for SAR 33 million, equivalent to about $8.8 million, following a successful public auction. The transaction places the capital’s commercial real estate market back in focus as listed companies selectively add assets aligned with long-term development and diversification strategies. The […]

Property Finder secures $170m to deepen Gulf expansion

Arabian Post Staff -Dubai Property Finder has raised $170 million in fresh capital from Mubadala Investment Company alongside other UAE sovereign-backed investors, a funding round that underscores sustained confidence in the region’s digital property platforms amid shifting real estate cycles. The Dubai-headquartered company said the investment will be used to simplify the home-search experience, improve productivity tools for brokers and developers, and reinforce data accuracy, trust and […]

Saudi Arabia courts elite family capital to fund next growth phase

Arabian Post Staff -Dubai Saudi Arabia is broadening its hunt for funding by engaging some of the kingdom’s wealthiest families, a move aimed at easing pressure on public finances while underwriting an ambitious pipeline of economic transformation projects. The approach marks a shift from a strategy that has leaned heavily on state balance sheets and foreign investors, signalling a desire to mobilise domestic private wealth alongside sovereign […]

Emirates NBD profit climbs on lending surge

Emirates NBD, Dubai’s largest bank by assets, posted a four per cent rise in full-year net profit on Monday, underpinned by record lending growth as borrowing demand strengthened across domestic and international markets. The lender said net profit reached 24 billion dirhams for the year, surpassing market expectations of about 22.8 billion dirhams based on analyst estimates tracked by LSEG. The performance was driven by what the […]

US lawmakers press FTC on EA buy-out over worker risks

US lawmakers have called on the Federal Trade Commission to take an expansive and rigorous look at the proposed roughly $55 billion acquisition of Electronic Arts by a consortium led by the Saudi Arabian Public Investment Fund, urging scrutiny of its potential impact on workers, studios and competition across the video-game sector. Leaders of the Congressional Labor Caucus and a broader group of House Democrats warned that […]

Saudi Arabia expands property ownership framework

Saudi Arabia’s Real Estate General Authority has brought into force a sweeping set of legal changes that widen access to property ownership for foreign companies and expatriate residents, marking a significant shift in how the Kingdom regulates and opens its real estate market. The new framework, effective from January 22, integrates these provisions into the national real estate legislative system, making all rules immediately enforceable under a […]

China’s banks deepen Gulf ties as capital flows accelerate

Chinese lenders are stepping up their financial presence in the Gulf, translating years of diplomatic courtship into a sharp rise in cross-border capital as the region becomes a focal point of Beijing’s overseas banking push. Lending by Chinese banks to Gulf borrowers surged to a record $15.7 billion in 2025, nearly three times earlier levels when bilateral state-to-state loans are excluded, with Saudi Arabia and the United […]

Saudi banks brace for corporate loan surge in 2026

Arabian Post Staff -Dubai   Saudi lenders are expected to extend between $65 billion and $75 billion in new corporate loans in 2026, underpinned by sustained investment flows into real estate and utilities and a broad pipeline of state-backed projects, according to an assessment by S&P Global. The projection points to another year of robust balance-sheet expansion as banks continue to finance the kingdom’s economic transformation agenda. […]