Saudi-based private employers will need to pay their Saudi workers a minimum of SAR 5k per month starting 25 April 2027, and SAR 6k a year later in order to count their employment towards the Nitaqat, ...

Iraq looks to the Red Sea for another bypass for its crude exports: Saudi Arabia has approved preliminary plans looking into a pipeline project connecting Iraqi crude to its oil terminals on the Red ...

Aramco has completed its purchase of a 49% stake in Humain, investing SAR 9.9 bn (USD 2.6 bn) in a company whose services it plans to use across its own operations, according to a press release. The ...

A couple of weeks ago, Freshfields found itself apologizing “unreservedly” for an email in which Ethan Klingsberg , co-head of its US corporate practice, ...

The AfDB goes local in Morocco: The African Development Bank (AfDB) has raised MAD 1 bn (c. USD 100 mn) in its first-ever MAD-denominated bond via private placement with qualified investors. The ...

Adnoc may sell its entire 10% stake in global storage operator VTTI, with India’s Adani Group among the suitors, Bloomberg reported, citing people it says are familiar with the matter. VTTI runs ...

Saudi Arabia’s Acwa and US investor EIG have signed definitive agreements to form Plenum Power, targeting an initial equity commitment of about USD 4 bn to invest in US power. Plenum will invest in ...

Higher costs are eating into NMDC Group’s earnings even as revenue holds steady: The Abu Dhabi-based marine and energy contractor’s bottom line fell 24% y-o-y to AED 768 mn in 3Q 2026, while its top ...

Good morning, friends. The region’s workarounds are load-bearing now, and today we check how much weight they can take. Going around Hormuz by road ...

The Gulf’s push to bypass the strait is creating a market for pipelines — while the disruptions are making those pipes hard to deliver. Abu Dhabi’s Al Gharbia Pipe Company expects demand for ...

The Capital Market Authority (CMA) wants to put Saudi Arabia’s weakest listed companies under a public turnaround regime. Under a draft overhaul (pdf) of the corporate governance rules, out for ...

Fitch Ratings reaffirmed Abu Dhabi’s AA sovereign credit rating with a stable outlook while sharply upgrading its growth forecasts, according to a rating assessment. The agency now expects the emirate ...