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SAUDI ARABIA BREAKING NEWS


UAE stock markets to reopen Wednesday after two-day halt
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.
Mar 31 min read


IMF says duration of Iran war and infrastructure damage will shape global economic impact
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
Mar 31 min read


European gas futures jump 42 percent after QatarEnergy halts LNG output amid conflict
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
Mar 21 min read


Saudi Arabia intercepts two drones at top oil refinery
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
Mar 21 min read


Riyadh’s King Khalid airport completes terminal relocation, targets higher capacity by end-2026
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
Feb 271 min read


Ramadan emerges as global luxury retail season as brands expand capsules and Gulf campaigns
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
Feb 263 min read


Arada awards AED1.55 billion contract for W Residences at Dubai Harbour
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.
Feb 231 min read


Trump says he will raise temporary global tariff rate to 15% after Supreme Court ruling
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
Feb 211 min read


Saudi Arabia becomes first Arab country to join Global Partnership on AI, SDAIA chief says
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
Feb 211 min read


ZATCA Reminds Businesses to Submit January 2026 VAT Returns by February 28
SPA Riyadh, February 20, 2026 (Saudi Arabia Breaking News) – The Zakat, Tax and Customs Authority (ZATCA) has called on businesses with annual supplies exceeding SAR40 million to submit their Value Added Tax (VAT) returns for January 2026 by February 28. ZATCA warned that late submissions will be subject to penalties ranging from 5% to 25% of the tax due. The authority encouraged taxpayers to file and pay through its official website or mobile application to ensure complianc
Feb 201 min read


Saudia Airlines Signs Five-Year Strategic Partnership with Six Flags and Aquarabia Qiddiya City
SPA Riyadh, February 18 (SABN) – Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner in the airline category. The agreement includes the development of special travel packages to enable visitors to experience the Kingdom’s world-class attractions. As part of the partnership, Saudia will feature special aircraft branding across its fleet, bringing the spirit of Six Flags and Aquarabia Qid
Feb 181 min read


ZATCA Encourages Voluntary Zakat Payments via Mobile Application and Website
Riyadh, February 18 (SABN) – The Zakat, Tax and Customs Authority (ZATCA) has urged individuals to pay their zakat voluntarily through its official “Zakat” smartphone application or via the website zakaty.zatca.gov.sa. The platform allows users to calculate zakat due on a variety of assets, including cash, gold, silver, shares, investment funds, and real estate held for trade. It generates a payment invoice, sends reminders for due dates, and calculates zakat on gold based on
Feb 181 min read


Riyadh Season 2025 attracts 17 million visitors
SPA Riyadh, February 16, 2026 (Saudi Arabia Breaking News) – Turki Alalshikh, Chairman of the Board of Directors of the General Entertainment Authority (GEA), announced that the sixth edition of Riyadh Season concluded with 17 million visitors, reflecting high public engagement since its launch. Launched in October 2025, Riyadh Season offered an integrated entertainment experience, including theatrical productions, major sporting events such as boxing, tennis, and snooker, as
Feb 161 min read


Japan economy returns to growth in fourth quarter as consumption edges up
Riyadh, February 16, 2026 (Saudi Arabia Breaking News) – Japan’s economy expanded at an annualised real rate of 0.2% in the October–December period, marking the first growth in two quarters, according to government data released on Monday. Real gross domestic product rose 0.1% from the July–September period, based on a preliminary report by the Cabinet Office. For the full year 2025, nominal GDP increased 4.5% from the previous year to 662.79 trillion yen ($4.3 trillion), Kyo
Feb 161 min read


Emaar reports record financial performance in 2025
SPA Dubai, February 15, 2026 (Saudi Arabia Breaking News) – Emaar Properties PJSC (DFM: EMAAR) reported record financial and operational results for the full year 2025, driven by strong demand across its property development, retail, hospitality, and international businesses. The company achieved its highest-ever revenue, reaching AED 49.6 billion (US$13.5 billion), a 40% increase compared to 2024, primarily due to strong domestic operations. EBITDA rose to AED 25.6 billion (
Feb 151 min read


Trump expected to attend Saudi Future Investment Initiative in Miami – Reuters
U.S. President Donald Trump looks on as he makes an announcement on the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations, at the White House in Washington, D.C., U.S., February 12, 2026. REUTERS/Jonathan Ernst Washington, February 14, 2026 (Reuters via Saudi Arabia Breaking News) – U.S. President Donald Trump is expected to attend Saudi Arabia’s Future Investment Initiative (FII) confe
Feb 141 min read


Saudi-backed Midad signs term sheet to acquire Lukoil’s sanctioned assets, pending US approval – Reuters
A Lukoil fuel station is pictured in Newark, New Jersey, U.S., March 3, 2022. REUTERS/Eduardo Munoz Riyadh, February 13, 2026 (Reuters via Saudi Arabia Breaking News) – Saudi-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets, in a deal contingent on U.S. regulatory approval, three sources familiar with the matter said. The agreement, signed in late January, covers all targeted assets. Midad has placed its all-cash offer in escrow while a
Feb 131 min read


SAMI concludes World Defense Show 2026 participation with strategic agreements and new industrial initiatives
SPA Riyadh, February 12, 2026 (Saudi Arabia Breaking News) – Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, concluded its participation in the third edition of the World Defense Show 2026, marking a milestone in Saudi Arabia’s defense industrial transformation. During the five-day event, SAMI signed 25 strategic agreements, launched new specialized companies including SAMI Land Company and SAMI Autonomous Company, and introduced the SAMI Land Indu
Feb 131 min read


Indonesian pavilion highlights defense technologies at World Defense Show 2026
SPA Riyadh, February 13, 2026 (Saudi Arabia Breaking News) – The Indonesian pavilion at the third edition of the World Defense Show in Riyadh showcased a range of advanced military and security technologies, highlighting the diversity of the global defense industry. The pavilion featured defense products, integrated solutions, research and development services, and technologies designed to enhance operational readiness and improve the efficiency of military systems. The World
Feb 131 min read


World Defense Show 2026 concludes in Riyadh with record participation and deals
SPA Riyadh, February 13, 2026 (Saudi Arabia Breaking News) – The third edition of the World Defense Show 2026 concluded on Thursday in Riyadh after five days of international engagement. The biennial exhibition, organized by the General Authority for Military Industries (GAMI) under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, attracted record participation from the global defense sector. The event featured 1,486 exhibitors from 89 cou
Feb 131 min read
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