The state oil producer lifted its dividend to the kingdom as higher crude prices offset lower export volumes.

The supercomputer will offer seven times more compute capacity than Aramco currently has, enabling it to handle larger volumes of data for seismic imaging and reservoir simulations.

Consumer spending in Saudi Arabia rose by 38% in the week to May 2, one of the biggest swings on record.

Fund managers are committing to the UAE’s financial centers despite the uncertainty caused by the Iran conflict.

Spending on new projects surged by more than 50% compared to a year earlier, with military and transport outlays also up significantly.

Space firm signs deal with French government as it looks to build an AI-powered satellite cluster.

The UAE’s announcement that it will quit OPEC is a blow to the cartel, which has struggled in recent years to maintain unity.

The $925 billion fund is tapping US operators to manage a new network of stadiums and concert halls.

But revenues have dropped in Bahrain, Kuwait, Qatar, and the UAE.

The underground Gold Line is Dubai’s largest transport project to date and is scheduled to be completed by September 2032.

Iran’s closure of the Strait of Hormuz has demonstrated the reality of a long-threatened nightmare scenario.

While the pace of new projects is accelerating, the kingdom is still some way off its target of producing 50% of electricity from renewables by 2030.