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Iran To Draw New "Restricted Zone" In Hormuz As Saudi Aramco Facility Hit Again, Oil Climbs At a moment US officials have been boasting of more and more oil tankers making it through the Strait of Hormuz under US naval protection and support, Iran has previewed a new 'restricted zone' in the Gulf, which it says will be announced in the coming days. The announcement is expected to include maps of the new shipping corridor through the Strait of Hormuz, likely to begin from where the US blockade of Iran starts and extending into areas of the Gulf, according to Iran's Supreme National Security Council on Sunday. Jizan Industrial Gas Complex "The maps of a new international corridor which lies in Iranian and Omani waters and in which Iran will have management have been agreed and should be signed in the coming days," national security council official Mohsen Rezaei said. "We will only commit to the Strait of Hormuz being open when they (the Americans) stop the sabotage, ...

Renewed attacks between the adversaries in the Iran war pushed oil prices up on Monday....

KABUL (dpa-AFX) - Eine Investmentgruppe aus Saudi-Arabien hat mit den in Afghanistan regierenden Taliban einen Millionendeal zur Suche nach Erdöl und Erdgas geschlossen. In der Hauptstadt Kabul unterzeichneten Vertreter der privaten Investmentgesellschaft ......

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Saudi Arabia's biggest barley buyer is shifting away from a key source of supply as the Russia-Ukraine war disrupts shipments from one of the world's major breadbasket regions....

Carla Slim, Chief Economist for the Middle East and Pakistan at Standard Chartered Bank, says investment is helping Saudi Arabia and the UAE recover from the economic impact of the U.S.-Iran conflict, with some indicators already back near pre-conflict levels. She says actual investment is rising and planned investment announced for 2026 is already comparable with the full-year 2025 level, while prolonged high energy prices could keep inflation elevated. Slim speaks with Abeer Abu Omar on Horizons Middle East and Africa. (Source: Bloomberg)...

Saudi Arabia's artificial intelligence company Humain has built a national AI platform based on an open model from Chinese lab MiniMax Group Inc., joining a growing list of countries seeking tighter control of the increasingly important technology....

Artificial intelligence firm Humain is planning to raise an initial $2.5 billion from global and domestic investors for a fund to invest in data centers in Saudi Arabia, according to people familiar with the matter....

Saudi lender Arab National Bank completed a $750mn issue of dollar-denominated additional tier 1 sukuk priced at 6.5%, a perpetual issue callable after five years to be listed in London....

Regional neighbours condemn attack this week that killed two crew members from the Philippines....

Saudi Arabia's observed crude exports last month slumped to the lowest in at least nine years, as tankers were attacked following rising tensions in the Middle East....

Deal also includes zero-cost land, tax exemptions and offtake assurances....

Savvy Games Group Chief Executive Officer Brian Ward, who oversaw the Saudi Arabian government's $38 billion investment in the video-game industry, is stepping down, according to a message he sent to staff on Tuesday that was reviewed by Bloomberg News....

Saudi Arabia is set to sell dollar bonds, as the country increases borrowing to counter the impact of the Iran war on its economy....

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AMD and Cisco's 100MW AI infrastructure is now live in Saudi Arabia with HUMAIN, but future expansions face a major geopolitical hurdle with US export controls....

Saudi firm Ayyan Investment secured a SAR150mn ($40mn) sharia-compliant revolving credit facility from Saudi Awwal Bank to expand its investments in listed and unlisted equities....

Saudi-Arabien sondiert einen neuen Kredit über mindestens acht Milliarden Dollar. Riad ist damit zunehmend auf Kapital von außen angewiesen. Denn nicht nur der Iran-Krieg belastet die Finanzen des Königreichs....

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LIV Golf is preparing to file for bankruptcy protection as early as next week, according to people familiar with the situation....