Saudia and Air India have signed a strategic MoU to expand their partnership, enhancing connectivity between Saudi Arabia and India through broader codeshare cooperation, network integration, operational collaboration and potential expansion to affiliate carriers.
Oil prices extended their sharp decline in early Asian trading on Tuesday as markets welcomed a fourth consecutive night without military strikes between the United States and Iran, easing immediate fears of a wider disruption to Middle East energy supplies.
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.
Saudi Arabia's General Authority of Civil Aviation (GACA) has granted Universal Aviation a licence to provide ground handling services at the private aviation terminal at King Fahd International Airport in Dammam, marking the company's entry into the Kingdom.
Acciona Cultura has completed Riyadh Air’s 2,000 sq m Hafawa Lounge at King Khalid International Airport, delivering a premium, technology-driven passenger experience and marking a milestone in the launch of Saudi Arabia’s new national airline.
The Kingdom of Saudi Arabia needs to move beyond defence assembly and develop domestic aerospace and defence engineering capabilities to capture more value from its spending, in line with its Vision 2030 target of localising 50% of defence spending within four years, said an expert.
Saudi Arabia's real estate transaction volumes edged higher in the second quarter from the previous three months, although activity remained weak compared to Q1, said a report. The residential deal volumes fell 21% over last year led by declines in Riyadh, Jeddah and Madinah.
The Middle East conflict entered a new phase over the weekend as the United States paused its bombing campaign against Iran after 13 consecutive nights of strikes, while violence shifted to the Red Sea where Iran-backed Houthi rebels targeted Saudi commercial assets, prompting retaliatory military action by Saudi Arabia.
Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel.
US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed.
