‎Brent crude could exceed $100 if Hormuz disruptions persist: Goldman Sachs
Friday, March 6,2026,11:04

‎ Goldman Sachs stated that there is little confidence that US security measures to protect oil and gas tankers in the Strait of Hormuz will resolve the situation, warning that oil prices could rise above $100 per barrel if disruptions persist. Samantha Dart, Co-Head of Global Commodities Research at the bank, told Bloomberg that there are questions about the practical feasibility of naval escorts for vessels given the sheer number of tankers. She added that the market also has deep concerns over how effectively a convoy could defend against drone attacks. If disruptions in the strait continue for five weeks, Brent crude prices could exceed $100 per barrel, Dart noted. She also explained ... .. read more..

‎32 firms disclosed 2025 financials last week
Friday, March 6,2026,10:58

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US oil companies to profit while Middle East exports are curtailed
Friday, March 6,2026,10:57

The war with Iran is paralysing large parts of the Mena region’s energy sector .. read more..

Lowest bidder emerges for Suwaiq Industrial City infrastructure
Friday, March 6,2026,10:57

The tender was issued by Oman’s Public Establishment of Industrial Estates, also known as Madayn .. read more..

Bahrain says refinery fire from Iran strike has been contained
Friday, March 6,2026,10:57

Damage is currently being assessed .. read more..

‎Aramco’s Q4 2025 results: What to expect
Friday, March 6,2026,10:53

‎ Logo ofSaudi Aramco Saudi Arabian Oil Co. ( Saudi Aramco ) will report Q4 2025 financial results on March 10. Analysts expected Aramco to post a net profit of SAR 90.2 billion for the three-month period. The oil giant posted a net profit of SAR 278.6 billion for the first nine months of 2025, down from SAR 307.1 billion a year earlier. What are your expectations on Saudi Aramco’s financial results for Q4 2025? .. read more..

‎Oil prices fall, on track for biggest weekly gain since 2022
Friday, March 6,2026,10:42

‎ Oil drilling rigs Oil prices declined on Friday but are still on track to record their largest weekly gains since 2022, driven by concerns over supply disruptions amid the conflict in the Middle East. Brent crude futures for May delivery fell 0.82%, or $0.70, to $84.71 per barrel as of 08:52 a.m. Makkah time, though they remain up by about 17% this week. Meanwhile, US crude futures for April delivery dropped 1.26%, or $1.02, to $79.99 per barrel, after surging about 8.5% yesterday to $81.01. The pullback came after the US signaled imminent measures to ease pressure on prices, while the US Treasury Department eased restrictions on India’s ability to purchase Russian oil. US Interior Secr... .. read more..

‎Gold rises, heads for first weekly loss in over a month
Friday, March 6,2026,10:24

‎ Gold bars Gold prices rose on Friday as investors turned to safe-haven assets amid growing concerns about a widening conflict in the Middle East. Gold futures for April delivery climbed 0.91%, or $46.4, to $5,125.1 per ounce as of 09:12 a.m. Makkah time. However, the metal is still down by around 3% this week, putting it on track to end a streak of weekly gains that lasted for more than a month. Spot gold also increased 0.73% to $5,119.48 per ounce. Meanwhile, spot platinum rose 1.41% to $2,150.52, and spot palladium gained 1.57% to $1,662.39 per ounce. Silver futures for May delivery also advanced 2.87% to $84.07 per ounce, while spot silver rose 2.3% to $84.06. At the same time, the U... .. read more..

‎Agility signs deal with ROSHN to develop SAR 2.5B logistics hub in Jeddah
Friday, March 6,2026,10:22

‎ Logo ofAgility Global Agility Logistics Parks, a subsidiary of Abu Dhabi-listed Agility Global, signed a joint venture agreement with Saudi Arabia’s ROSHN Group to develop a high-quality logistics complex in Jeddah. The deal is estimated at a total value of about SAR 2.5 billion (AED 2.4 billion), including land value and development costs. In a statement, the company said the agreement was signed today under a 50/50 ownership structure, noting that ROSHN is a Saudi real estate developer wholly owned by the Public Investment Fund (PIF). The project follows the initial terms signed last February, which confirmed the development of the project on 1.3 million square meters in a strategic l... .. read more..

‎Saudi Aramco sets Arab crude OSP for April
Friday, March 6,2026,10:19

‎ Saudi Aramco set the official selling price (OSP) for its Arab Light crude for April delivery to North America at $4.60 per barrel above the Argus Sour Crude Index (ASCI). For Western Europe, the Arab Light price was set at $2.85 per barrel above the ICE Brent price, the oil giant said in a statement received byArgaam. The Arab Light crude grade was priced $2.65 above the ICE Brent for Europe and the Mediterranean, while the price for East Asia was set $2.50 above the average price for Oman and Dubai compared with March. Arab Crude OSP for April 2026 ($/barrel) Region Super Light Extra Light Light Medium Heavy North America -- +5.95 +4.60 +3.40 +2.65 West Europe -- +4.45 +2.85 +2.05 - 0... .. read more..

Firm signs $120m Egypt new capital industrial complex deal
Friday, March 6,2026,07:54

The project will be developed in the New Administrative Capital, located along the Ain Sokhna Road .. read more..

Riyadh to award Expo 2030 metro station in June
Friday, March 6,2026,07:54

The new metro station catering to the Expo 2030 Riyadh site will be located on Line 4 (Yellow Line) of the Riyadh Metro network .. read more..

Alba to acquire EU’s largest primary aluminium producer
Friday, March 6,2026,05:02

The smelter has entered an exclusive agreement to buy Aluminium Dunkerque .. read more..

Sal Logistics acquires Aviapartner Liege
Friday, March 6,2026,05:02

The Saudi-listed firm has signed a SR123m deal to take full control of the Belgian ground handling and cargo specialist .. read more..

Conflict duration will determine impact on aviation sector
Friday, March 6,2026,04:37

Regional hubs face significant flight cancellations and rerouting costs following recent geopolitical escalations .. read more..

‎Saudi Arabia intercepts 4 missiles, 5 drones
Friday, March 6,2026,00:34

‎ Logo ofMinistry of Defense The official spokesperson for the Ministry of Defense, Turki Al-Maliki, said three ballistic missiles launched toward Prince Sultan Air Base were intercepted and destroyed, along with another cruise missile east of Al-Kharj Governorate. Al-Maliki added that three drones were also intercepted and destroyed east of the Riyadh region, in addition to one drone in the Eastern Province and another east of Al-Kharj Governorate. .. read more..

‎US stocks close lower; Dow Jones loses nearly 800 points
Friday, March 6,2026,00:30

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‎flynas resumes limited flights to Dubai
Thursday, March 5,2026,23:03

‎ Saudi low-cost carrier flynas said it will resume limited exceptional flights between Riyadh, Jeddah and Dubai starting March 6. The airline had suspended its flights to Dubai and other Gulf destinations on Feb. 28 following the start of the war on Iran. flynas said it will operate two daily flights (round trips) to Dubai from Riyadh and Jeddah. The carrier added that seat availability will be limited, noting that all other scheduled flights to Dubai remain suspended. .. read more..

‎Saudi cement sales down 11% YoY to 4.3M tons in February
Thursday, March 5,2026,18:11

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‎CMA approves regulation of robo-advisory services
Thursday, March 5,2026,17:54

‎ Logo ofCapital Market Authority (CMA) The Capital Market Authority (CMA) Board has approved amendments to the Regulations for Capital Market Institutions, which organize the provision of robo-advisory services using algorithms and advanced technological tools to manage clients’ investments according to pre-defined investment strategies, and such services will now be offered exclusively through licensed Capital Market Institutions authorized to conduct Managing Investments or Managing Investments and Operating Funds activities, following pilot trials conducted by licensed FinTech companies within the FinTech Regulatory Sandbox. The approved amendments aim to enhance market efficiency and... .. read more..

‎Tasnee says SEPC plant’s periodic maintenance completion faces delay
Thursday, March 5,2026,17:48

‎ Logo of National Industrialization Co. ( Tasnee ) National Industrialization Co. ( Tasnee ) announced a delay in the completion of the scheduled periodic maintenance at the plant owned by Saudi Ethylene and Polyethylene Co. (SEPC), a Joint Venture in which Tasnee holds a 60% stake. According to a statement to Tadawul , this delay is due to the integration expansion project of the ethylene cracking unit, as it is primarily related to technical requirements needed to complete the expansion —a common practice in similar projects. Operations and restart are expected to be completed during the first half of April 2026, Tasnee further noted. The company also said that the expected financial i... .. read more..

‎Al Majdiah signs SAR 77M deal for Riyadh project
Thursday, March 5,2026,16:33

‎ Al Majdiah expects the 12-month project to have a positive impact on its financial results upon completion Dar Al Majed Real Estate Co. ( Al Majdiah ) signed today, March 5, a contract with Emarna Contracting Co. to execute the Al Majdiah 174 project on a turnkey basis in Riyadh’s Al-Nada District. The contract, valued at SAR 77 million (excluding VAT), represents a significant portion of the company’s planned project portfolio, the company said in a statement to Tadawul . Under the contract, Emarna will construct 8 residential buildings comprising a total of 226 units, covering all turnkey works, including construction; architectural and finishing works; electrical and mechanical servi... .. read more..

‎Industry Ministry says 18 firms win quarry licenses in Riyadh
Thursday, March 5,2026,16:25

‎ Logo ofMinistry of Industry and Mineral Resources The Ministry of Industry and Mineral Resources announced that 18 companies have won licenses for building materials quarries to exploit sand and gravel in two mining complexes in the Riyadh region, covering a total area of about 18 square kilometers. The companies awarded quarry licenses in the South Al-Ha’ir complex include: Jack Saudi Contracting Co., Fadak Roads Contracting Co., Delba Contracting Co., Abdul Ali Al-Ajmi Co., Saleh Abdulaziz Al-Rashed Sons Co. , Tamdeen Group, Shibh Al-Jazira Contracting Co., and Al-Ayuni Investment Contracting Co., the ministry stated. Meanwhile, 10 companies won building materials quarry licenses in t... .. read more..

‎Najran Cement signs SAR 49M power grid contract
Thursday, March 5,2026,16:19

‎ Logo of Najran Cement Co. Najran Cement Co. signed today, March 5, a SAR 48.93 million contract with Sinoma International Engineering Co. Ltd. to execute a power grid connection project under the liquid fuel displacement program for its Sultana plant on a turnkey basis. The eight-month project is expected to enhance energy efficiency, reduce emissions from on-site power generation, and improve operational reliability, Najran Cement said in a statement on Tadawul . The company had previously signed in July with National Electricity Transmission Co., a subsidiary of Saudi Electricity Co., to build a transmission station supplying electricity to the Sultana plant with a 67 MVA load under t... .. read more..

‎NomuC edges up 0.5% to 22,497 pts; traded value at SAR 17.1M
Thursday, March 5,2026,15:49

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‎TASI rises 0.8% to 10,776 pts; turnover at SAR 5.2B
Thursday, March 5,2026,15:40

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Entries close 16 February for Mena retail and digital banking awards
Thursday, March 5,2026,15:14

The Mena Banking Excellence Awards: Retail, Digital & SME will take place as part of Dubai Future Finance Week, positioning shortlisted banks alongside the region’s most senior finance and fintech leaders .. read more..

GCC banks show resilience amid regional conflict
Thursday, March 5,2026,14:35

Strong capital buffers and sovereign backing provide a shield for the regional banking sector following recent geopolitical escalations .. read more..

Aramco delays bid submission process for key offshore tenders
Thursday, March 5,2026,14:03

The scope of work on the five new CRPOs cover engineering, procurement, construction and installation of key structures at the Abu Safah, Berri, Manifa, Marjan and Zuluf offshore oil and gas fields .. read more..

QatarEnergy allows more time for offshore oil field expansion prices
Thursday, March 5,2026,14:03

QatarEnergy issued the main EPC tender last year for the estimated $4bn-$5bn project to expand the Maydan Mahzam oil field, with contractors now preparing commercial bids .. read more..

‎Iran conflict unlikely to significantly affect Saudi banks’ ratings: Fitch
Thursday, March 5,2026,13:50

‎ The regional conflict following attacks by Israel and the United States on Iran is unlikely to have a significant impact on the credit ratings of Saudi banks, Fitch Ratings said. In a report, the agency said the resilience of Saudi banks reflects their strong capital positions and liquidity buffers. However, the conflict could make it more difficult for entities in Gulf countries to issue debt in international capital markets, potentially increasing reliance on higher-cost domestic funding. This could raise financing costs or lead to a slight slowdown in loan growth compared with Fitch’s previous expectations. Fitch added that banking systems in the Gulf Cooperation Council (GCC) face o... .. read more..

‎Expat remittances in Saudi Arabia fall to SAR 13.3B in January
Thursday, March 5,2026,13:42

‎ $100 banknote Remittances by expatriates in Saudi Arabia saw a 3% year-on-year (YoY) decline to around SAR 13.3 billion in January, recent data from the Saudi Central Bank ( SAMA ) showed. On a month-on-month (MoM) basis, remittances were down nearly 5%, or about SAR 691 million. Expat Remittances (SAR bln)​ Month 2025 2026 Change (%) January 13.74 13.32 (3%) February 12.78 -- -- March 15.49 -- -- April 12.61 -- -- May 15.20 -- -- June 13.83 -- -- July 14.91 -- -- August 13.29 -- -- September 13.35 -- -- October 13.67 -- -- November 12.63 -- -- December 14.01 -- -- read more..

‎Hormuz closure period to shape impact on markets, ratings: S&P Global
Thursday, March 5,2026,13:07

‎ SP Global said the duration of Strait of Hormuz shipping halt will be critical in determining the impact on global oil, gas and petrochemicals markets, in terms of flows, disruptions, prices, and ultimately the effect on rated entities. In a report, the agency said liquified natural gas (LNG) and oil exporters from GGC countries shipping through the strait would be the most affected. The closure could also affect Saudi exporters such as Saudi Aramco (unrated) and Saudi Basic Industries Corp. (SABIC) (A+/Stable/A-1), it said. SP noted that alternative pipelines could help reroute some affected volumes. Saudi Arabia and the UAE have options to move crude, including the East-West pipeline ... .. read more..

Egypt to add 2.5GW renewable capacity before summer
Thursday, March 5,2026,12:28

Projects due to come online include a 1,000MW solar photovoltaic (PV) plant and the second phase of a 1,100MW solar and battery storage project .. read more..

Data centres present compelling opportunities
Thursday, March 5,2026,12:28

The GCC data centre market is entering a new phase of accelerated growth, supported by multibillion-dollar investment programmes .. read more..

Fitch Ratings sees limited oil price impact of Iran conflict
Thursday, March 5,2026,12:28

When combined with the global oil market oversupply, the effective closure of the Strait of Hormuz should limit oil price rises and mitigate any potential disruptions to Iranian oil supply, according to the ratings agency .. read more..

QatarEnergy issues force majeure to customers
Thursday, March 5,2026,12:28

The state energy enterprise earlier this week announced it was stopping production of LNG and other downstream energy products owing to military attacks on its facilities .. read more..

Riyadh royal commission awards Prince Mishaal Road deal
Thursday, March 5,2026,12:28

The Royal Commission for Riyadh City is investing in improving the road network in and around the kingdom's capital .. read more..

Alec resumes project operations across the UAE
Thursday, March 5,2026,12:28

The UAE-based firm implemented a temporary work-from-home policy across country operations in response to ongoing events .. read more..

‎POS transactions hit SAR 14.5B last week: SAMA
Thursday, March 5,2026,11:12

‎ POS device The point-of-sale (POS) transactions in Saudi Arabia reached nearly SAR 14.5 billion in the week ended Feb. 28, 2026, compared to about SAR 13.9 billion a week earlier. The number of POS transactions reached about 210.5 million last week, down from nearly 220.6 million the previous week, according to data from the Saudi Central Bank (SAMA). POS transactions represent consumer expenditure through debit and credit cards at major shopping centers, retail outlets, pharmacies, and others. The data indicated that the value of sales via POS increases in the weeks that coincide with the disbursement of salaries to government employees (the 27th of each month), in addition to the week... .. read more..

‎Electrical Industries surges to lifetime high 
Thursday, March 5,2026,11:03

‎ Tadawul trading screen Shares of TASI -listed Electrical Industries Co. ( EIC ) hit their highest levelsince debut today, March 5, data compiled by Argaam showed. Stock at all-time high Company Price (SAR)* YTD Performance Listing Date Electrical Industries 15.98 135% December 2014 *The highest price during the session, but not the current trading price. .. read more..

‎Analysts assess economic fallout of ME conflict
Thursday, March 5,2026,10:25

‎ Amid escalating military tensions in the Middle East and the widening confrontation involving the US, Israel, and Iran, global markets are closely watching the region, which represents one of the world’s most critical energy arteries. Any development on the ground in this conflict is immediately reflected in oil and gas prices, while also reigniting concerns over global inflation and the trajectory of economic growth. Under these evolving scenarios, the Middle East remains at the center of the global geopolitical equation. The implications of the conflict extend beyond strategic calculations to influence energy markets and economic stability both regionally and worldwide. Against this b... .. read more..

‎GAS declares 30% cash dividends for H2 2025
Thursday, March 5,2026,09:20

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‎Saudi Arabia intercepts 3 cruise missiles, 4 drones
Thursday, March 5,2026,09:20

‎ Logo of Ministry of Defense Saudi Arabia intercepted and destroyed three cruise missiles in Al Kharj governorate, the official spokesman of the Ministry of Defense, Turki Al-Maliki, said. He added that three drones were intercepted and destroyed east Al Kharj, in addition to another drone downed in east Al Jouf. Caption: Turki Al-Maliki, official spokesman of the Ministry of Defense. .. read more..

Local firm wins $409m Muscat Expressway project
Thursday, March 5,2026,09:19

The road project is part of the sultanate’s 10th five-year development plan .. read more..

Local firm wins Jeddah stormwater contract
Thursday, March 5,2026,09:19

The five-year deal covers the operation and cleaning of stormwater networks for Jeddah Municipality .. read more..

Saudi Arabia prequalifies Jeddah-Mecca highway bidders
Thursday, March 5,2026,09:19

The 64-kilometre (km) Jeddah-Mecca highway will have four lanes in each direction. .. read more..

UAE-backed Moeve approves €1bn Spain hydrogen project
Thursday, March 5,2026,09:19

The Andalusian Green Hydrogen Valley initiative aims to establish one of Europe’s largest green hydrogen hubs .. read more..

‎SAL signs agreement to acquire 100% stake in Aviapartner Liège for SAR 123 mln
Thursday, March 5,2026,08:53

‎ A SAL Saudi Logistics Services Co.’s facility SAL Saudi Logistics Services Co. signed a sale and purchase agreement with Aviapartner Belgium NV and Aviapartner Holding NV to acquire 100% of their stake in Aviapartner Liège SA for SAR 123 million, on a cash- and debt-free basis. The acquisition will be financed through the company’s available cash. The acquired company mainly operates in ground handling and cargo services. .. read more..

‎US stocks rise at close, Dow Jones adds 240 points
Thursday, March 5,2026,08:50

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