Saudi Arabia

Global racing body Formula 1 said early on Sunday it has cancelled the Bahrain and Saudi Arabian Grands Prix scheduled for April owing to the ongoing situation in the Middle East

The initiative is result of a collaboration between Saudia Cargo, Saudi Ports Authority and Zakat, Tax and Customs Authority

The results come at a highly volatile time for global oil markets as the US-Israeli tensions with Iran has led to a near-closure of the Strait of Hormuz

The Iran crisis has already cut global oil supply by a combined 200 million barrels over the past 10 days, according to analysts’ estimates

The holiday will run for four days, Saudi authorities revealed

Lucid is ramping up production of its recently launched Gravity sport utility vehicle and preparing to introduce a new midsize EV platform later this year

The new guide will replace the current Banking Tariff and introduce reductions and caps on customer fees across banking and payment services

The high-speed railway line spans 785 kilometers, strategically connecting the capital cities of Riyadh and Doha, and will pass through key stations, including Hofuf and Dammam

The two entities will explore building a globally competitive industrial base and accelerating the kngdom’s manufacturing roadmap in the aerospace sector

The Prince of Wales is in Riyadh for a three-day visit focused on trade, investment and strengthening UK–Saudi relations.