Exxon and QatarEnergy’s joint venture produces first LNG at Texas facility
The development gives a major breather to QatarEnergy, which has been compelled to declare force majeure on its production activities due to the Iran war...
Tag : Gulf
Strait of Hormuz disruption: Saudi ports add new shipping services
The services will mitigate the impact of disruptions affecting vital maritime corridors, including the all-crucial Strait of Hormuz, while enhancing Red Sea connectivity...
IF Insights: Choking of Strait of Hormuz tests limits of war risk insurance
The concept of war risk insurance has been under the spotlight since 2022, but is gaining traction as the world is dealing with the Ukraine war and the Middle East conflict...
Gulf shipping crisis: What cargo owners and port operators need to know
Cargo owners are now finding their shipments stranded in ports they never contracted for...
Islamic banking in Africa: Gulf actors follow different paths
Discussing Islamic banking's growth in Africa, Saudi Arabia is also playing an important role...
Oil price stares at massive gain amid Middle East crisis
Qatar Energy Minister Saad al-Kaabi stated that if the ongoing conflict forces Gulf energy producers to shut down exports within weeks, it could drive oil to USD 150 a barrel...
Gulf cargo bookings suspended as insurance premiums rise
Operations to Jordan and Lebanon will remain unaffected, and there are two Maersk vessels in the Gulf currently...
Gulf bank deposits hit USD 2.3 trillion, assets top USD 3.9 trillion as 2025 ends
The balance sheet growth comes amid the backdrop of the listed Gulf banks reporting significant record third-quarter profits...
Through 400 industry partners, Boeing consolidates its Saudi presence
Boeing considers itself a central partner in localisation and technology transfer...
Vision 2030: Saudi Arabia nears tourism target as visitor numbers hit 122 million
In 2024, Saudi Arabia welcomed 116 million tourists, exceeding its annual visitor target for the second consecutive year, according to the Ministry of Tourism’s statistical report released in June 2025...