Search Site

Trends banner

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Jazan City for Primary and Downstream Industries exports first shipment to US

The iron quantities were manufactured at the Advanced Smelting Industries Company located in Jazan. (PETRA)
  • The ship is laden with 37,000 tons of iron steel foundry product, representing the first-ever production of this commodity within the Kingdom.
  • The city's port has extensive capabilities and advanced logistical transportation services, making it a hub for trade exchanges in Saudi Arabia.

JAZAN, SAUDI ARABIA – The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US.

This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity within the Kingdom.

The iron quantities were manufactured at the Advanced Smelting Industries Company (ASIC) located in the city.

The city’s port boasts extensive capabilities and advanced logistical transportation services, making it a crucial hub for trade exchanges in Saudi Arabia.

Positioned as one of the region’s newest ports, it sits along the international trade route through the Red Sea, in close proximity to the Bab Al-Mandab Strait, African nations and the maritime Silk Road.

Consequently, the port serves as a vital gateway for the southern regions and neighboring African countries.