News related to
Saudi

Riyadh airport strike leaves 12 dead, 309 injured

Saudi Arabia confirmed on Sunday that 12 people were killed and 309 injured in an attack on King Khalid International Airport in Riyadh, prompting a temporary suspension of operations and widespread flight disruptions amid escalating hostilities with Yemen’s Houthi movement. The General Authority of Civil Aviation said Saturday’s attack caused extensive casualties and material damage to airport facilities. Several injured passengers and other victims remained in critical […]

Missile strike wounds passengers at Riyadh airport terminal

Arabian Post Staff -Dubai A missile struck a passenger terminal at Riyadh’s King Khalid International Airport on Saturday, wounding numerous people and triggering evacuations as emergency crews rushed to the scene, regional officials said. Two officials confirmed the airport had come under attack, with one saying the missile hit an occupied passenger terminal. Both requested anonymity because they were not authorised to speak publicly. Saudi authorities had […]

UAE prosecutors identify airport terminal as hijack target

Arabian Post Staff -Dubai United Arab Emirates prosecutors say a flydubai co-pilot who attacked the captain of a passenger aircraft intended to crash the jet into a terminal at Israel’s Ben Gurion Airport in a suicide operation. Attorney-General Hamad Saif al-Shamsi said on Friday that Hammam al-Hammami, a 29-year-old citizen of Oman, had admitted planning to seize control of the Dubai-to-Tel Aviv flight and cause the greatest […]

SoftBank chief pursues $100 billion Gulf AI fund

Arabian Post Staff -Dubai SoftBank Group chief executive Masayoshi Son is seeking up to $100 billion from Gulf investors for a proposed fund that would acquire businesses and transform their operations using artificial intelligence. The fundraising discussions are at an early stage, with senior figures in the United Arab Emirates among those approached. No commitments or final agreements have been announced, and there is no assurance that […]

Global condemnation widens over deadly Saudi airport strikes

International condemnation of Houthi attacks on two Saudi Arabian airports has intensified, with the United Nations, France, Britain and several Middle Eastern governments denouncing strikes that killed three civilians and injured 36 others. The attacks targeted Abha International Airport and King Khalid International Airport in Riyadh on October 6 and 7, according to Saudi Arabia’s General Authority of Civil Aviation (GACA). The casualties included three foreign residents, […]

Saudi Arabia and UAE endorse Japan’s Asian oil initiative

Saudi Arabia and the United Arab Emirates have pledged support for a Japanese initiative to strengthen oil supplies and strategic reserves across Southeast Asia, as disruptions caused by the Middle East conflict intensify concerns over regional energy security. Representatives of both Gulf producers attended a special session of the Asia Zero Emission Community (AZEC) in Manila on Thursday, joining discussions involving ministers from 11 partner countries, including […]

Almarai earmarks $4 billion for expansion through 2031

Arabian Post Staff -Dubai Saudi Arabia’s Almarai plans to invest more than $4 billion through 2031 to expand production capacity, diversify its food and beverage portfolio and strengthen its presence across priority markets. The Riyadh-based company unveiled details of its 2026–2031 growth strategy at a capital markets day on Thursday, outlining four priorities covering established businesses, new product categories, emerging distribution channels and geographical expansion. The investment […]

Lufthansa and three airlines halt Riyadh flight operations

Arabian Post Staff -Dubai Lufthansa Group, IndiGo, Air India and Akasa Air have suspended flights to Riyadh following renewed threats from Yemen’s Houthi movement and its claim of a ballistic missile attack on the Saudi capital’s international airport. The cancellations announced on Thursday disrupted international services as airlines assessed security conditions around King Khalid International Airport, where explosions and smoke were reported following the alleged attack. Lufthansa […]

Saudi airport strikes leave three dead, 36 injured

Three people were killed and 36 injured in separate attacks on two international airports in Saudi Arabia, the kingdom’s General Authority of Civil Aviation confirmed on Wednesday. The attacks targeted Abha International Airport in the southern Asir region on October 6 and King Khalid International Airport in Riyadh on October 7, causing civilian casualties and damage to airport facilities. Two women, one Moroccan and the other Algerian, […]

Deutsche Bank broadens Dubai team with three appointments

Arabian Post Staff -Dubai Deutsche Bank has made three key appointments in its Dubai office as the German lender broadens investment banking coverage across the Middle East and seeks to capture growing capital-markets and institutional-client business. Ilya Korobov has relocated from London to Dubai as a director of debt capital markets for Central and Eastern Europe, the Middle East and Africa. He joined Deutsche Bank in November […]

Hormuz tanker attacks accelerate as oil flows recover

Iranian pressure on commercial shipping in the Strait of Hormuz has intensified as Gulf oil flows recover towards levels seen before the war, exposing the fragile security underpinning the rebound in global energy supplies. UK Maritime Trade Operations has recorded nine attacks in the waterway so far in October, compared with 18 across the Strait of Hormuz and Persian Gulf during all of September. Four of September’s […]

Aramco broadens export options as Hormuz strain persists

Saudi Aramco is examining additional crude export routes and more overseas storage as prolonged disruption to the Strait of Hormuz exposes increasingly thin buffers in the global oil system, chief executive Amin Nasser has said. Nasser told the Energy Intelligence Forum in London that the disruption represented the most serious energy supply shock of his career, warning that emergency stock releases could provide temporary relief but could […]

Oil advances as storm, Saudi attacks threaten supply

Arabian Post Staff -Dubai Oil prices climbed on Wednesday as traders assessed the risk of supply disruption from a developing Gulf of Mexico storm and escalating Houthi attacks on Saudi Arabia, offsetting signs that more Middle East crude was reaching global markets. Brent crude futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT, while US West Texas Intermediate crude gained 82 cents, or […]

SRC takes third mortgage portfolio from BSF

Arabian Post Staff -Dubai Saudi Real Estate Refinance Company has agreed to acquire another residential mortgage portfolio from Banque Saudi Fransi, marking the third portfolio purchase between the two institutions as Saudi Arabia expands liquidity in its housing finance market. The Public Investment Fund-owned company, known as SRC, said the transaction would reinforce cooperation with BSF by supplying liquidity to mortgage lenders and increasing their capacity to […]

Netanyahu links Flydubai attack to election security warnings

Israel’s election campaign has been jolted by the attempted seizure of a Flydubai flight, with Prime Minister Benjamin Netanyahu presenting the episode as validation of his pre-election security warnings while opponents accuse him of turning a still-unfolding investigation into political ammunition. The dispute has intensified as investigators in the United Arab Emirates examine the September 30 attack aboard Flight FZ1073 from Dubai to Tel Aviv. UAE Attorney-General […]

Corporate Sector Is Growing Well Despite Iran War, Poor Monsoon

Investigators uncover 9/11-style plan behind flydubai attack

Investigators examining the cockpit attack aboard a flydubai flight to Tel Aviv believe the co-pilot intended to kill the captain and crash the aircraft into a target in Israel in an attack modelled on September 11, 2001. A preliminary Israeli investigation has concluded that Hamam al-Hammami, a 29-year-old Omani national, planned to take control of Flight FZ1073 after incapacitating Captain Smit Machchhar and then deliberately strike a […]

Yemen government begins nationwide offensive against Houthis

Arabian Post Staff -Dubai Yemen’s internationally recognised government has ordered its armed forces into a nationwide campaign to retake Houthi-held territory, marking a sharp expansion of fighting after weeks of escalating confrontation involving the Iran-backed group and Saudi Arabia. Rashad Al-Alimi, chairman of the Presidential Leadership Council and supreme commander of the armed forces, announced the operation on Sunday, saying the government was moving from preparation to […]

Saudi sets six-year-low Arab Light discount in Asia

Arabian Post Staff -Dubai Saudi Aramco has cut the November official selling price of its flagship Arab Light crude for Asian customers by $3 a barrel, setting it at a $5 discount to the average of Oman and Dubai benchmarks, the widest discount since June 2020. The unexpectedly deep reduction comes as Brent crude remains above $100 a barrel amid persistent Middle East security risks, while recovering […]

Mubadala tops Gulf sovereign fund activity through September

Arabian Post Staff -Dubai Abu Dhabi’s Mubadala Investment Company was the most active sovereign wealth fund among the Gulf’s leading state investors during the first nine months of 2026, deploying $26.2 billion, according to data released by Global SWF. Saudi Arabia’s Public Investment Fund ranked second with $14 billion of investments between January and September, followed by Abu Dhabi Investment Authority at $12.2 billion, Abu Dhabi’s L’imad […]

Flydubai pilots transferred to UAE for questioning

Arabian Post Staff -Dubai The two pilots involved in a violent cockpit altercation aboard flydubai flight FZ1073 have been transferred from Saudi Arabia to Abu Dhabi, placing them directly within a UAE investigation seeking to establish what triggered the mid-air emergency. Saudi Arabia’s Ministry of Interior said the captain and co-pilot left for Abu Dhabi on Thursday after receiving medical clearance, accompanied by a UAE security team. […]

Saudi pipeline flows climb above 80% capacity

Arabian Post Staff -Dubai Saudi Arabia has lifted crude flows through its East-West Pipeline to nearly 6 million barrels a day, restoring more than 80% of the strategic route’s capacity and sharply increasing oil available for export from the Red Sea coast. The 7 million-barrel-a-day conduit, operated by Saudi Aramco, is now carrying volumes close to levels reached during the Iran war, after running at roughly half […]

Saudi probe finds co-pilot assaulted flydubai captain

Saudi authorities on Thursday have found that the co-pilot of flydubai flight FZ1073 assaulted the captain during a cockpit altercation that forced the Dubai-Tel Aviv service to make an emergency landing in Tabuk. Saudi Arabia’s Ministry of Interior said preliminary investigations by the kingdom’s competent authorities, conducted in coordination with a UAE security team, established that an altercation occurred in the flight deck and that the co-pilot […]

Modi honours pilot Machchhar after flydubai emergency

Arabian Post Staff -Dubai Prime Minister Narendra Modi has praised Captain Smit Machchhar as a “hero” for his actions during a cockpit emergency aboard a flydubai flight from Dubai to Tel Aviv, saying his courage helped avert a major tragedy. Modi said on Thursday that Machchhar showed “immense courage” and an unwavering determination to protect others despite suffering serious injuries. “India is proud of Captain Machchhar,” he […]