Bahrain's Bapco Energies signs pipeline deal with BlackRock

Bahrain, one of the smallest producers in the Gulf, is focused on developing its downstream sector and looking at asset monetization deals.

Bahrain

Saudi Aramco signs downstream agreements with Chinese refiners

Saudi Aramco is leveraging its existing relationships with Chinese oil buyers by expanding into chemicals. The oil company also looks to invite Chinese investments to its projects in the kingdom.

Saudi Arabia

Saudi crown prince meets Russia's Lavrov at GCC meetings in Riyadh

Russian Foreign Minister Sergey Lavrov met with Saudi Crown Prince Mohammed bin Salman and Saudi Foreign Minister Prince Faisal bin Farhan on the sidelines of GCC ministerial meetings in Riyadh.

Saudi Arabia

Analysis

In military reshuffle, Saudi Arabia seeks efficiency, closing gap with regional rivals

Saudi Arabia has recently undertaken a significant reorganization of its top military leadership, with new senior appointments to the kingdom’s joint, land and naval forces — a step that could mark a pivotal shift in the country's defense strategy and domestic balance.

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Analysis

Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?

Riyadh could soon run a current account deficit as oil revenue declines amid huge spending commitments toward ambitious Vision 2030 projects. Saudi-led OPEC has also deferred an output increase plan to allow more time to reach desired oil prices.

By Jennifer Gnana , Samuel Wendel

Analysis

Is NFL inching closer to welcoming Gulf investors?

America’s richest sports league is finally embracing Wall Street. Could investors from Saudi Arabia, Qatar and the UAE be next?

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry.

United Arab Emirates

Saudi Arabia condemns Netanyahu's Philadelphi Corridor statements

Saudi Arabia strongly condemned Israeli Prime Minister Benjamin Netanyahu's recent comments regarding the Israeli military presence in the Philadelphi Corridor.

Saudi Arabia

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Yemen

Two oil tankers come under attack in the Red Sea, sources say

Oil tankers transiting the Red Sea are facing renewed dangers while transiting one of the world's most critical chokepoints for crude.

Saudi Arabia

Middle East fintech funding sees 650% spike in 2020-2023

Fintech is one of the most funded and transacted industries across the MENA region, according to a MAGNiTT report, accounting for 24% of all venture investment in the region in the first half of 2024.

Saudi Arabia

How significant is PIF's $50B China investment for Saudi ties?

Though Riyadh continues its efforts toward economic integration with Beijing, it still seeks to balance relations with both Beijing and Washington.

Saudi Arabia