UN seeks $80m to avert ‘imminent’ Yemen oil spill
Yemen's Huthi rebels already agreed a "framework for cooperation" with the United Nations on the issue last month.Egypt hosts UAE and Israel leaders for three-way talks
Egypt hosted the Israeli and UAE leaders for unprecedented three-way talks Tuesday as the Ukraine war rocks energy and food markets and major powers inch toward a revived Iran nuclear deal. The summit was held between Egypt's President al-Sisi, Israeli PM Naftali Bennett and Abu Dhabi Crown Prince Mohammed bin...Playa Hotels inks Saudi resort deal
It will set up facilities along the Arabian Gulf and the Red Sea.Yemen rebels back UN proposal for abandoned oil tanker
Yemen's Huthi rebels have signed a UN agreement hoped to help stop a rusting oil tanker in the Red Sea becoming an ecological and humanitarian catastrophe, officials said Monday. The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1 million barrels of crude on board, has...Yemen pro-government troops capture oil-rich Shabwa
The pro-government Giants Brigade, who are backed by the Saudis and the United Arab Emirates, announced in a statement the "liberation of the district of Ain"2021: Oil price hike rescues Covid-hit GCC economy
International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest since October 2014.US$20bn Jeddah Central Project launched
The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah.Curtain goes up on first Saudi film festival
Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival from Monday as it eyes a lucrative new industry.Robots, big data as Gulf nations bet on AI
The annual growth rate of the Middle East AI market is about 20 to 34 percent, led by the UAE and Saudi Arabia.Saudi Arabia launches its first women’s football league
The league is a part of the federation’s 2017 program to support women's football.UAE and Bahrain hold first joint naval exercise with Israel: US
The five-day maneuvers in the Red Sea, which is linked to the Mediterranean through the Suez Canal, are intended to "enhance interoperability between participating forces", US Navy said.Egypt sees Red Sea tourism rush from Russia
Russian tourists are finally returning to the Red Sea resort of Sharm el-Sheikh six years after a terrorist strike.Saudi Arabia to develop luxury mountain resort in western region
Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest in 2022.Saudi man crossbreeds python, some worth $100,000
Malaikah said he had no interest in selling to fashion brands, criticised by animal rights group for their unethical use of animal skinsSudan protesters block crucial oil pipelines
Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country.US, EU step up Yemen aid but UN warns millions face hunger
The United States promised an additional $290 million but said the ultimate solution was to end the warWork starts on Egypt’s $9bn high-speed train
Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across a length of 660 km, and at a cost of nearly $9 billion.Plot of land on Red Sea sells for $352.7m
In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project" land has been sold in a public auction for $357.2 million.PIF, Cosco buy stake in Red Sea Gateway Terminal for $280 million
The investment will help to transform RSGT into both a regional and global logistics hub in line with PIF’s mission of unlocking new economic opportunities locally and globally





















