Saudi Arabia’s real gross domestic product fell 4.8% in the second quarter compared to the same period a year earlier, preliminary government estimates showed on Thursday, as war in the Middle East impacts the world’s top oil exporter and wider Gulf. The contraction was largely the result of a 24.7% drop in oil activity, showed data from the General Authority
Spokesperson of the Ministry of Defence Major General Turki Al-Malki stated today that Saudi air defences intercepted and destroyed several UAVs over the past few hours that attempted to target oil facilities in Eastern Region. Saudi Press Agency (SPA) quoted Major General Al-Malki as confirming that these terrorist attempts were launched again from Iraqi territory
Saudi Arabia said on Wednesday that its armed forces, in coordination with U.S. Central Command (CENTCOM), carried out “targeted strikes” against Iran-backed groups in Iraq that it said were responsible for drone attacks on the kingdom’s oil facilities. CENTCOM said the operation followed more than 30 drone attacks over the previous 72 hours that it
The Saudi Water Authority (SWA) has announced plans to begin local manufacturing of energy recovery devices (ERDs), marking the establishment of the world’s first facility of its kind outside the US. The specialised desalination technology, previously produced only in the US, will be manufactured in Saudi Arabia from the first quarter of 2027. The facility,
As Saudi Arabia’s real estate market continues to evolve under Vision 2030, Tahaluf is expanding the Cityscape brand with the launch of Cityscape West KSA, sponsored by the Ministry of Municipalities and Housing (MOMAH), creating a dedicated platform for Saudi Arabia’s Western Region to accelerate investment, support homeownership and connect developers, investors and homebuyers. Building on
Mammoet, a global leader in engineered heavy lift and transport sector, has announced a major investment in new lifting and transport equipment in Saudi Arabia with the deployment of seven Mercedes-Benz trucks, 60 Goldhofer conventional axle lines, Azobé crane mats, and a range of all-terrain and crawler cranes in the kingdom. The crane fleet comprises
The Minister of Islamic Affairs, Dawah and Guidance, Sheikh Dr. Abdullatif Al Alsheikh, launched the ministry’s digital “New Muslim” card service on Sunday as part of efforts to expand digital government services. The new service automates all stages of the process for individuals requesting to embrace Islam, allowing applications to be processed electronically from submission
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