News
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Posted On NewsRiyadh offers record prize pool at Esports World Cup
Riyadh will host the Esports World Cup this summer, offering a record prize pool of more than $70 million as the kingdom aims to become…
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Posted On NewsAramco finalises 20-year LNG supply from the US
Saudi Aramco has signed a 20-year liquefied natural gas (LNG) purchase agreement with Houston-headquartered producer NextDecade. The Saudi energy major will purchase 1.2 million tonnes per annum…
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Posted On NewsPIF-backed AviLease agrees Turkish Airlines rentals
Saudi Arabia’s Aircraft Leasing Company (AviLease) has signed long-term leases with state-owned Turkish Airlines for Airbus A320neo aircraft. Two of the aircraft have already been delivered, with the…
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Posted On NewsSaudi Arabia to Reduce Oil Prices for Asia: What It Means for Global Oil Trade
Saudi Arabia is set to lower its main crude oil price for the Asian market. This price cut follows a recent announcement by OPEC+ regarding…
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Posted On NewsAramco losses mirror wider Saudi stock plunge
The Saudi stock market opened at more than 2 percent lower on Monday to a 17-month low, following its biggest single one-day drop since the…
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Posted On NewsUAE and Saudi Arabia to introduce their own currency symbols
Within five weeks of each other, Saudi Arabia and the UAE have announced newly designed currency symbols for the riyal and the dirham, a decision…
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Posted On NewsAramco to use Japanese drone startup to inspect facilities
Saudi Aramco has entered into an agreement with Japanese startup Terra Drone to inspect its oil and gas facilities using drones, robotics and artificial intelligence (AI).…
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Posted On NewsGulf investors ‘rewarded’ as Musk’s xAI absorbs X
Gulf co-investors in Elon Musk’s X could benefit from the social media platform’s purchase by xAI, analysts have told AGBI. The deal is expected to help artificial…
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Posted On NewsAramco to use Japanese drone startup to inspect facilities
Saudi Aramco has entered into an agreement with Japanese startup Terra Drone to inspect its oil and gas facilities using drones, robotics and artificial intelligence (AI).…
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Posted On NewsSaudi Arabia’s Pokémon Go deal is a gamechanger
Saudi Arabia’s acquisition of Pokémon Go marks a milestone in the gaming industry and the broader cultural and geopolitical landscape. Last month Niantic, the studio behind Pokémon Go,…
Liyana Parker
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