News
New desert road boosts Oman-Saudi trade
9+ mon, 2+ week ago (271+ words) Oman and Saudi Arabia exchanged trade worth OR473 million ($1.2 billion) in the first quarter of 2025, up 22 percent year on year, thanks to the new desert road between the neighbouring countries." The 725-km road starts from the town of Ibri in Oman's…...
Dubai restaurants warn of closure as Iran war hits tourism
3+ hour, 39+ min ago (666+ words) Dubai restaurants are warning of possible closures by summer as the Iran war slashes tourism and spending, tightening cash flow in a sector already operating on thin margins after years of rapid expansion. Since the US and Israel launched strikes…...
Saudi logistics reforms speed up trucking across GCC
3+ hour, 2+ min ago (673+ words) Logistics companies say that temporary measures in Saudi Arabia to ease the regulatory burden on freight moving through Red Sea ports have improved the flow of cargo, although possible port constrictions remain a concern. Following the effective closure of the…...
Iran to allow safe passage of Philippine ships, says Manila
17+ hour, 50+ min ago (182+ words) The Philippines has received an assurance from Iran'that it'will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz, Manila's foreign ministry said on Thursday. "During the call, the Iranian Foreign Minister assured the…...
PIF-backed Newcastle United in talks to fund new stadium
6+ mon, 1+ week ago (234+ words) English football club Newcastle United, which is backed by Saudi Arabia's Public Investment Fund (PIF), has reportedly started talks with banks about funding of a new stadium. The executives at the Premier League club are holding discussions on the feasibility…...
PIF-backed Newcastle United reports profit after stadium sale
1+ day, 17+ hour ago (401+ words) Saudi Arabia-backed Newcastle United FC has announced annual profit of "35 million ($47 million), buoyed by the sale of its St James" Park stadium and property assets to a company belonging to the club"s owners. The profit for the 12 months to…...
Turkey seeks Iran’s approval for Hormuz passage
1+ day, 18+ hour ago (189+ words) Turkey is in talks with the Iranian government to secure permission for 11 Turkish-owned ships to transit the Strait of Hormuz, transportation minister Abdulkadir Uralo'lu'said. Fourteen Turkish-owned ships remain in the strategic waterway,'the state-run Anadolu news agency reported, quoting the…...
A Houthi Red Sea return would deepen the strain on Gulf logistics
1+ day, 23+ hour ago (763+ words) With shipping volumes at record highs, stress on infrastructure has become critical As the US-Iran war moves into its second month, pressure on Gulf supply chains is intensifying. During the weekend, Iranian-backed Houthi militants launched missile strikes on southern Israel,…...
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2+ day, 21+ hour ago (15+ words) Iran conflict muddies Gulf view on Pax Silica and Imec'Arabian Gulf Business Insight | AGBI...
The Hormuz shipping crisis in numbers
2+ day, 18+ hour ago (479+ words) The Strait of Hormuz has become a floating patchwork of cargos, registries and declared identities " but in war, what a ship claims to be may be up for negotiation. Data shared with AGBI by maritime intelligence company Pole Star Global…...