US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted.
Saudia has expanded its codeshare partnerships with Delta Air Lines, Air France-KLM and Virgin Atlantic, enhancing access to North America through major European hubs. The agreement will connect travellers to nearly 30 destinations across the US and Canada via Paris, Amsterdam and London.
Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz.
The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq.
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.
Travellers are packing more tours and attractions into holidays despite flat per-person spending in the US and declining spend in Europe, an Arival and Phocuswright report found, with Americans averaging more than four experiences per trip despite shorter stays.
European and US airlines could remove more frequencies in the winter and ground more aircraft than usual as high fuel costs make weaker services uneconomic, aviation analyst John Strickland has warned.
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 Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement.
US President Donald Trump has announced the resumption of direct flights between the United States and Lebanon, marking a significant step in bilateral relations after more than 40 years without direct air links.
