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RIYADH, March 6, 2026 (Saudi Arabia Breaking News) — Oil storage facilities across the Gulf region are filling up as crude exports slow sharply amid rising security risks around the Strait of Hormuz, energy analysts said. Few tankers are currently risking transit through the strategic waterway, which is bordered by Iran, due to concerns over potential attacks by drones or rockets. As storage capacity approaches its limits, analysts warn that oil producers in the region may so

Trump and Major League Soccer champion Inter Miami CF players at the White House, March 5, 2026. REUTERS/Jonathan Ernst Riyadh, March 5, 2026 (Saudi Arabia Breaking News) – U.S. President Donald Trump said further action to reduce pressure on oil markets could be taken soon as tensions continue in the region. Speaking from the East Room of the White House on Thursday, Trump said oil prices had largely stabilized. “The oil seems to have pretty much stabilized. We had it very l

Riyadh, March 5, 2026 (Saudi Arabia Breaking News) – Zakat, Tax and Customs Authority urged establishments subject to withholding tax to submit their tax forms for February 2026 no later than March 10, 2026. Submissions must be completed via the authority’s official website to avoid late penalties, which are calculated at 1% of the unpaid tax for each 30 day delay, it said. Withholding tax applies to payments made from Saudi sources to non-resident entities without a permanen

Dubai, March 5, 2026 (Saudi Arabia Breaking News) – More tankers came under attack in Gulf waters on Thursday as the U.S.-Iran war escalated, while Iranian drones entered Azerbaijan, raising the risk of the crisis spreading to more oil producers in the region. A Bahamas-flagged crude oil tanker was targeted by an Iranian remote-controlled boat laden with explosives while anchored near Iraq’s Khor al Zubair port, according to initial assessments. A second tanker at anchor off

Riyadh, March 4, 2026 (Saudi Arabia Breaking News) – SABIC said on Wednesday its adjusted net income for 2025 stood at 2.1 billion riyals, while revenue reached 116.5 billion riyals, according to figures released at a press conference in Riyadh. The company reported free cash flow of 7.2 billion riyals for the year, up 17% from 2024, and said it paid interim cash dividends for the second half of 2025 totalling 4.5 billion riyals. Chief executive Abdulrahman bin Saleh Al-Fagee

Riyadh, March 4, 2026 (Saudi Arabia Breaking News) – Saudi Arabia has announced Eid al-Fitr 2026 holiday dates for the public and private sectors across the Kingdom, according to the information provided. The Ministry of Human Resources and Social Development set a four-day holiday at the end of Ramadan to mark Eid al-Fitr. The holiday is due to start on Wednesday, March 18, corresponding to Ramadan 29, 1447, and will run for four days, with normal working routines returning

PHOTO: The Iranian shores in the Strait of Hormuz, December 10, 2023. REUTERS/Stringer Riyadh, March 4, 2026 (Saudi Arabia Breaking News) – The crisis that has paralysed shipping through the Strait of Hormuz showed no sign of abating on day five of the Middle Eastern conflict. At least 200 ships, including oil and liquefied natural gas tankers as well as cargo ships, remained at anchor in open waters off the coast of major Gulf producers Iraq, Saudi Arabia and Qatar. The figu

SPA Miami, March 4, 2026 (Saudi Arabia Breaking News) – Future Investment Initiative Institute said on Wednesday it unveiled the first wave of headline speakers and the program focus for FII PRIORITY Miami 2026, taking place March 25–27, 2026 in Miami. Under the theme “Capital in Motion,” the institute said the summit will examine how capital must move, adapt and lead in a rapidly fragmenting world, and how investment, technology and policy can unlock sustainable and inclusiv

Doha, March 4, 2026 (Saudi Arabia Breaking News) – Qatar’s state-owned energy company QatarEnergy said it has declared force majeure on shipments of liquefied natural gas and related products. QatarEnergy is one of the world’s largest exporters of liquefied natural gas. Force majeure is a contractual clause that frees organizations from liability in the event of unforeseen circumstances such as natural disasters or war. The company on Monday halted production of liquefied nat

People sit on a bench on the Sheikh Jaber al-Ahmad al-Sabah Causeway as a Zhonggu Shipping container ship sails past on its way towards the port of Shuwaikh in Kuwait City on Saturday. Yasser Al-Zayyat/AFP/Getty Images Dubai, March 4, 2026 (Saudi Arabia Breaking News) – Shipping disruptions linked to the Iran war matter beyond oil because Gulf Arab states import most of their food, and much of it moves through the Strait of Hormuz. Six Gulf Arab nations, Oman, Saudi Arabia, t

SPA Riyadh, March 3, 2026 (Saudi Arabia Breaking News) – New Murabba Development Company, a unit of the Public Investment Fund, has signed a strategic agreement with the Electric Vehicle Infrastructure Company to install, operate and maintain electric vehicle charging solutions across a number of New Murabba’s main assets, the Saudi Press Agency reported. Under the agreement, the two sides will install high quality alternating current chargers at New Murabba’s headquarters, a

Riyadh, March 3, 2026 (Saudi Arabia Breaking News) – The UAE Capital Markets Authority said on Tuesday the United Arab Emirates’ stock markets will reopen on Wednesday after a two-day halt. Authorities in Dubai and Abu Dhabi suspended trading on the Dubai Financial Market, Nasdaq Dubai and the Abu Dhabi Securities Exchange following Iranian strikes on the Gulf state, the authorities said.

Riyadh, March 3, 2026 (Saudi Arabia Breaking News) – The International Monetary Fund said the war’s impact on the global economy will depend on how long it lasts and how much damage it causes to infrastructure and industries in the region. The IMF flagged the risk that an energy price spike could prove persistent rather than short-lived. IMF First Deputy Managing Director Dan Katz told the Milken Institute Future of Finance conference in Washington that the conflict “certainl

London, March 2, 2026 (Saudi Arabia Breaking News) – European natural gas futures surged 42 percent on Monday after QatarEnergy halted liquefied natural gas production amid fighting in the Middle East, tightening concerns over global supply. The April contract rose to 45.46 euros, or $53.26, on the ICE commodities exchange. QatarEnergy announced on Monday it was stopping LNG production, blaming the war for the decision. Qatar is a major gas supplier to Europe, which has relie

Dubai, March 2, 2026 (Saudi Arabia Breaking News) – Saudi Aramco temporarily shut down some operational units at its Ras Tanura oil refinery near Dammam on Monday after it was targeted by Iranian drones, Saudi state media reported, citing an official source. Two drones targeting the Ras Tanura facility were intercepted and destroyed, Saudi defense ministry spokesperson Turki al-Malki was quoted as saying by state-run Al Ekhbariya TV. An official source at the Ministry of Ener

SPA Riyadh, February 27, 2026 (Saudi Arabia Breaking News) – King Khalid International Airport completed a terminal relocation project from February 16 to 25, redesignating terminals to optimise operations for national and foreign carriers. Under the new layout, Terminals 1 and 2 have been assigned to national carriers’ international flights, Terminals 3 and 4 to their domestic flights, and Terminal 5 to foreign carriers’ international flights. Riyadh Airports Company Chief E

Tryano's Ramadan campaign focuses on gathering and community. Courtesy Riyadh, February 26, 2026 (Saudi Arabia Breaking News) – Ramadan has moved from a regional retail moment into a global luxury season as fashion, beauty and lifestyle brands expand product capsules, marketing and client engagement around the holy month, executives and industry figures said. Nearly two billion people observe Ramadan annually, creating one of the largest synchronized shifts in consumer behavi

WAM Dubai, February 23, 2026 (Saudi Arabia Breaking News) – Arada awarded the main construction contract for W Residences at Dubai Harbour to UAE-based Engineering Contracting Company (LLC) under an agreement valued at AED1.55 billion. The contract covers delivery of all three towers of the waterfront development. Early and enabling works, including excavation and piling, have begun following the award of a separate AED51 million contract to APCC Piling & Marine Contracting.

SPA Washington, February 21, 2026 (Saudi Arabia Breaking News) – President Donald Trump said on Saturday he will raise the temporary global tariff rate on imported goods from 10% to 15% after the U.S. Supreme Court ruled against tariffs imposed under an economic emergency law. Trump had earlier announced a 10% global tariff after the court deemed his administration’s reciprocal tariffs illegal. In a 6–3 decision, the Supreme Court ruled Trump overstepped his legal authority b

SPA New Delhi, February 21, 2026 (Saudi Arabia Breaking News) – Saudi Data and Artificial Intelligence Authority (SDAIA) President Dr. Abdullah Alghamdi said Saudi Arabia has become the first Arab nation to join the Global Partnership on Artificial Intelligence (GPAI). Speaking at the India AI Impact Summit 2026, Alghamdi described the move as supporting the responsible and reliable use of artificial intelligence. He said Saudi Arabia ranks third globally in contributions to