Brent Tops $110 as Houthi Attacks on Shaybah and Dammam Airport Prompt US to Pull Diplomats From Saudi Arabia

Oil and Gas
Brent crude rose above $110 a barrel in early trade on Thursday after deadly Houthi attacks near Saudi Aramco's Shaybah oil field and on Dammam's airport led the United States to order some diplomats to leave Saudi Arabia.
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One Killed, Eight Injured in Attack on Dammam’s King Fahd International Airport

One person was killed and eight others were injured in an attack on King Fahd International Airport in Dammam, in Saudi Arabia's Eastern Province, late on Wednesday, the General Authority of Civil Aviation said.

Zain Bahrain Third-Quarter Profit Rises 3.8% to BD1.70 Million as Revenue Climbs 12.9%

Zain Bahrain said its third-quarter net profit rose 3.8% to BD1.70 million, while revenue grew 12.9% to BD22.01 million.

Jamjoom Pharma Third-Quarter Profit Rises 3.3% to SR110.2 Million on Growth in Saudi Arabia and Iraq

Saudi drugmaker Jamjoom Pharmaceuticals Factory Co. said third-quarter net profit rose 3.3% to SR110.2 million as volume-led sales growth in Saudi Arabia and Iraq lifted revenue.
Investment

Ooredoo and Zain Combine About 4,000 Towers in Qatar and Kuwait as Joint Platform Completes First Closing

Ooredoo and Zain Group have completed the first closing of their jointly owned regional tower platform, combining about 4,000 towers in Qatar and Kuwait.

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Oil Prices Rise as Iran-UAE Tensions Push Brent Crude Near Four-Week High Amid Growing Strait of Hormuz Concerns

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Oil prices climbed again on Wednesday as tensions between Iran and the UAE increased. The latest developments raised concerns about regional energy supplies and shipping routes. Brent crude futures gained 0.9 percent to reach $91.82 per barrel during...
Iraq

Iraq Oil Infrastructure Faces Drone Strike Damage

A drone attack has damaged vital oil infrastructure in Northern Iraq, creating new fears for energy security. The strike targeted the Ain Safni oilfield...
Bahrain

Bahrain Bourse Sees Active Trading with Financial Sector Leading the Surge

The Bahrain Bourse sees active trading as investors exchanged millions of shares on Tuesday, showing strong interest in domestic stocks. The Bahrain All Share...
Oil and Gas

Saudi Arabia Restores East-West Oil Pipeline to Full Capacity After Attacks, Strengthening Export Stability

Saudi Arabia restored its East-West oil pipeline to full capacity after recent attacks. As a result, the pipeline now operates normally and supports national...
Financial

Oman GDP Growth Strengthens Despite Oil Sector Decline

Growth of Omani GDP has shown steady progress in economic growth during the first quarter of this year. The country’s gross domestic product (GDP)...
Investment

Oman Awards Major Contract to Expand Roads and Infrastructure in Duqm Fisheries Zone

Oman has awarded a major infrastructure contract for the Duqm Fisheries Zone to support industrial growth and attract investment. The Public Authority for Special...
Bahrain

Bahrain Market Upgrade Supports Capital Market Growth Through Advanced Digital Infrastructure and Global Connectivity

Bahrain market is entering a new phase of digital transformation after Bahrain Bourse announced a strategic technology partnership with Nasdaq. The agreement aims to...
Investment

Qatar and Hungary Strengthen Trade and Investment Ties Across Key Sectors

Bilateral ties between Qatar and Hungary were highlighted during a high-level meeting aimed at strengthening trade and investment links. The session was co-chaired by Mohamed...
Investment

Qatar and Belgium Expand Trade and Investment Cooperation with New Business Opportunities

Qatar Belgium trade discussions are gaining momentum as business leaders explore new opportunities for investment and commercial cooperation. Qatar Chamber recently held a virtual...
Financial

Saudi Construction Activity Surges 82% as PIF Takes a Back Seat and Private Investment Gains Momentum

isra isra -
Saudi construction growth has accelerated sharply in 2026 despite changes in government-backed project spending. Contractor awards reached $32 billion during the first half of the year. That figure represents an 82 percent increase from the same period in 2025....

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