Stories from Saudi Arabia

Scoot has extended the cancellation of flights between Singapore and Jeddah. The airline cited the ongoing Middle East conflict as the reason for the service suspension.

Saudi Arabia is reportedly moving approximately 5 to 6 million barrels of oil through the Red Sea strait. In contrast, Iran is producing 3 million barrels per day but is allegedly unable to move quantities through the area.

A conflict between the United Arab Emirates and Saudi Arabia has been affecting oil policy and political relations between the two states. The rivalry between the rulers of both nations has been simmering for some time.

Groups have accused Saudi Arabia of utilizing sports sponsorships to divert attention from its human rights record. The breakaway series was founded five years ago after top stars left the PGA. The decision follows a period of disruption in professional golf. The decision follows the series' establishment as a competitor to traditional golf structures. The withdrawal of multi-billion dollar backing is scheduled to occur at the end of the current season. The decision follows previous discussions regarding the organization's leadership and international relations. This decision leaves numerous professional players in limbo, including major winners John Rahm, Bryson DeChambeau, and Phil Mickelson who previously left the PGA Tour. The withdrawal follows the project's establishment as a competitor to the long-established PGA Tour.

Advanced Textiles Company recorded a 150 percent increase in value over the past 12 months. The company's capital formation factor is expected to rise to 100 percent upon completion of a deal.

Electrical Industries Company announced plans to distribute additional dividends for the previous year amounting to 50% of its capital. The total dividends to be distributed to shareholders equal 562 million rials, which represents the company's entire capital. The company's shares have increased in value by 150% over the last 12 months.

Saudi maritime transport sector profitability is projected to increase by over 300 percent in 2026. This growth is supported by strong revenue increases, with oil transport revenues nearing 2.6 billion riyals.

The Saudi Fashion Commission is organizing a virtual open meeting focused on the resale fashion market in Saudi Arabia. The initiative aims to support the national fashion ecosystem by addressing changing market trends and consumer behavior.

Funds from Saudi Arabia, the United Arab Emirates, and Qatar are set to invest $24 billion into a mega-merger between Paramount and Warner Bros. Discovery. The investment would result in these funds holding a 38.5% stake in the new entity.

US military bases in the Middle East are reportedly adopting drone defense technology brought into the region by Ukrainians. This interest follows costly setbacks, including a March attack on Prince Sultan Air Base in Saudi Arabia involving drones and missiles.