Houthi Missile Strikes on Riyadh Airport Reportedly Kill 13 and Injure More Than 300
Missile attacks attributed to Iran-backed Houthi forces have reportedly killed 13 people and injured more than 300 at King Khalid International Airport in Riyadh. The strikes severely disrupted commercial aviation, prompting international travel warnings and flight suspensions amid escalating regional tensions.
Saudi Arabia Seeks Emergency Air Defense Support Amid Continued Houthi Attacks
Saudi Arabia has requested additional air defense systems and missile interceptors from France, the United Kingdom, Pakistan and Egypt as repeated drone and missile attacks strain its defensive capabilities. The appeal aims to strengthen protection for civilian airports and critical energy infrastructure.
Saudi Arabia Plans to Expand Oil Pipeline Capacity to 10 Million Barrels a Day
Saudi Energy Minister Prince Abdulaziz bin Salman has announced plans to increase the Kingdom's oil pipeline export capacity to 10 million barrels per day within three years. The expansion of the East-West pipeline network is intended to reduce reliance on vulnerable maritime routes, including the Red Sea and Strait of Hormuz.
Saudi Aramco Expands Overseas Oil Storage as Middle East Shipping Risks Intensify
Saudi Aramco is accelerating the expansion of its international crude oil storage facilities and securing alternative shipping routes amid disruptions to Middle Eastern maritime transport. The measures aim to maintain reliable energy deliveries to major customers in Asia and Europe.
Turkey, Pakistan and Egypt Condemn Houthi Attacks on Saudi Civilian Infrastructure
The governments of Turkey, Pakistan and Egypt have condemned recent Houthi attacks on civilian facilities in Saudi Arabia, including the deadly strikes on Riyadh's international airport. Their statements call for an immediate halt to attacks on civilian aviation infrastructure amid growing regional security concerns.
BP Withdraws From Riyadh World Petroleum Congress Following Airport Attacks
British energy company BP has cancelled its delegation's participation in the 25th World Petroleum Congress in Riyadh following missile strikes on the Saudi capital's international airport. Organizers have confirmed that the international energy conference will proceed despite heightened security concerns.
Saudi Arabia Reports 6.5% Growth in Foreign Direct Investment in First Half of 2026
Saudi Investment Minister Fahd Al-Saif has reported a 6.5% increase in foreign direct investment during the first six months of 2026. Speaking at the World Petroleum Congress in Riyadh, he said total capital investment in the Kingdom had doubled since 2015, reflecting efforts to attract international investors and diversify the economy.
Siemens Energy Expands Dammam Manufacturing to Support Saudi AI Data Center Growth
Siemens Energy plans to expand its Dammam operations to manufacture high-voltage transformers as Saudi Arabia increases investment in artificial intelligence infrastructure. The expansion will support the Kingdom's plans to allocate 14 gigawatts of electricity capacity to data centers, strengthening the power infrastructure needed for large-scale computing facilities.
Saudi Red Sea Authority Awards First Beach Operator License to Emaar
The Saudi Red Sea Authority has granted its first beach operator license to Emaar for Yam Beach in King Abdullah Economic City. The approval establishes a regulated framework for coastal tourism operations, covering visitor safety, environmental protection and private investment in the Kingdom's developing marine tourism industry.
Riyadh Municipality Partners With Future Investment Initiative Ahead of October Summit
The Future Investment Initiative Institute has named Riyadh Municipality as an official partner for its tenth annual investment conference, scheduled for late October. The collaboration will support preparations for international business leaders and investors attending the event while promoting the Saudi capital's urban development.
Future Investment Initiative Report Urges Businesses to Scale Up AI Adoption
A new report from Saudi Arabia's Future Investment Initiative Institute calls on companies and investors to move beyond experimental artificial intelligence projects toward wider commercial deployment. The research emphasizes data security, autonomous workflows and measurable financial returns as priorities for businesses adopting advanced AI systems.
Saudi Arabia Seeks Emergency Air Defense Support Amid Continued Houthi Attacks
Saudi Arabia has requested additional air defense systems and missile interceptors from France, the United Kingdom, Pakistan and Egypt as repeated drone and missile attacks strain its defensive capabilities. The appeal aims to strengthen protection for civilian airports and critical energy infrastructure.
Saudi Arabia Plans to Expand Oil Pipeline Capacity to 10 Million Barrels a Day
Saudi Energy Minister Prince Abdulaziz bin Salman has announced plans to increase the Kingdom's oil pipeline export capacity to 10 million barrels per day within three years. The expansion of the East-West pipeline network is intended to reduce reliance on vulnerable maritime routes, including the Red Sea and Strait of Hormuz.
Saudi Aramco Expands Overseas Oil Storage as Middle East Shipping Risks Intensify
Saudi Aramco is accelerating the expansion of its international crude oil storage facilities and securing alternative shipping routes amid disruptions to Middle Eastern maritime transport. The measures aim to maintain reliable energy deliveries to major customers in Asia and Europe.
Turkey, Pakistan and Egypt Condemn Houthi Attacks on Saudi Civilian Infrastructure
The governments of Turkey, Pakistan and Egypt have condemned recent Houthi attacks on civilian facilities in Saudi Arabia, including the deadly strikes on Riyadh's international airport. Their statements call for an immediate halt to attacks on civilian aviation infrastructure amid growing regional security concerns.
BP Withdraws From Riyadh World Petroleum Congress Following Airport Attacks
British energy company BP has cancelled its delegation's participation in the 25th World Petroleum Congress in Riyadh following missile strikes on the Saudi capital's international airport. Organizers have confirmed that the international energy conference will proceed despite heightened security concerns.
Saudi Arabia Reports 6.5% Growth in Foreign Direct Investment in First Half of 2026
Saudi Investment Minister Fahd Al-Saif has reported a 6.5% increase in foreign direct investment during the first six months of 2026. Speaking at the World Petroleum Congress in Riyadh, he said total capital investment in the Kingdom had doubled since 2015, reflecting efforts to attract international investors and diversify the economy.
Siemens Energy Expands Dammam Manufacturing to Support Saudi AI Data Center Growth
Siemens Energy plans to expand its Dammam operations to manufacture high-voltage transformers as Saudi Arabia increases investment in artificial intelligence infrastructure. The expansion will support the Kingdom's plans to allocate 14 gigawatts of electricity capacity to data centers, strengthening the power infrastructure needed for large-scale computing facilities.
Saudi Red Sea Authority Awards First Beach Operator License to Emaar
The Saudi Red Sea Authority has granted its first beach operator license to Emaar for Yam Beach in King Abdullah Economic City. The approval establishes a regulated framework for coastal tourism operations, covering visitor safety, environmental protection and private investment in the Kingdom's developing marine tourism industry.
Riyadh Municipality Partners With Future Investment Initiative Ahead of October Summit
The Future Investment Initiative Institute has named Riyadh Municipality as an official partner for its tenth annual investment conference, scheduled for late October. The collaboration will support preparations for international business leaders and investors attending the event while promoting the Saudi capital's urban development.
Future Investment Initiative Report Urges Businesses to Scale Up AI Adoption
A new report from Saudi Arabia's Future Investment Initiative Institute calls on companies and investors to move beyond experimental artificial intelligence projects toward wider commercial deployment. The research emphasizes data security, autonomous workflows and measurable financial returns as priorities for businesses adopting advanced AI systems.