State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economises in an environment of low crude prices, industry sources said.
The cost of o
Suicide attackers set off two car bombs in Yemen's Red Sea port city of Hodeida on Thursday, killing themselves and seven other people, sources in the Shi'ite Muslim Houthi movement and medical officials told Reuters.
Egypt has ordered an investigation into an accident in which a Kuwaiti container ship and a fishing vessel collided in the Red Sea in an incident that killed 13 Egyptians.
A statement from the prosecutor's office said initial
Saudi Arabia-based King Abdullah Economic City (KAEC), one of the largest economic projects in the Middle East, is set to hand over all the residential units in its Marina Tower 2 luxury apartment building at the Bay La Sun district, one of the
A deal to implement an integrated plan for the Red Sea city of El Gouna to become carbon-neutral was signed recently in Egypt.
The agreement, which was signed by the Egyptian Ministry of State for Environmental Affairs, the Italia
TUI Germany, part of Europe's largest tour operator TUI Travel, is restarting holidays to Egypt with immediate effect after the German foreign ministry relaxed its travel advice for the country.
With the Red Sea resorts remaining
Red Sea Housing Services Company, a modular housing solutions provider, said it will begin construction of the first phase of a SR60 million ($15.9 million) industrial labour camp in Jazan Economic City (JEC) by the first quarter of next year.
Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.
"The Midyan field will be developed in 2013 and it would start product
Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometres North West of the port of Daba, said a Saudi Press Agency report quoting the oil minister.