QatarEnergy agrees to buy 25% stake in Namibia's offshore oil block in expansion push | The National
African nation emerging as energy hotspot after offshore discoveries made
Business
Oil slides as Trump signals restraint on Iran despite fresh shipping attacks
Oil is headed for a glut again as recovering Middle Eastern oil flows, rising production from other countries and weak demand have pushed global supply above consumption, JPMorgan said
Business
Hajj plans begin early as global pilgrimage industry gathers in Jeddah
As preparations for the upcoming Hajj season commence in Saudi Arabia, the sixth Hajj Conference and Exhibition in Jeddah has gathered representatives from over 520 organizations across 150 countries. The event, spanning more than 67,000 sq. meters, focuses on establishing partnerships and logistics to enhance the pilgrim experience, showcasing advancements in transportation, accommodation, and technology, while facilitating important deal-making opportunities for airlines and hotels.
Business
Knowledge Economic City, Maaden report higher Q3 revenues as profit growth diverges
In the third quarter, Saudi Arabia’s Knowledge Economic City (KEC) and Maaden reported increased revenues, with KEC's net profit soaring 253.5% and Maaden’s revenue rising 11% to $3 billion. KEC attributed its growth to strong contributions from residential projects and a land sale, while Maaden faced mixed results across its divisions, particularly in phosphate, where production costs rose significantly despite recovering output.