#Red Sea

oil imports

Oil jumps over 2% amid further Red Sea vessel attacks

Further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand

crude oil

Oil eased ahead of Christmas break on possible future Angola output increase

Brent crude oil futures fell 32 cents, or 0.4 per cent, to settle at $79.07 a barrel

Maersk

Oil shipments on Maersk vessels could re-route via Cape: Reports

The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area

Flydubai-Cairo

Flydubai launches daily service to Cairo

The carrier will serve the Egyptian market with a total of 17 weekly flights

NEOM Sindalah Yacht partner

NEOM reveals superyacht partner as Sindalah gears up for opening

Sindalah is one of NEOM’s 41 islands, which will be home to a world-leading yachting ecosystem

Red Sea Global 5G network (Source: Sourced from Red Sea Global Media Centre)

World’s first zero-carbon 5G network unveiled at Six Senses Southern Dunes

It will be powered by 100 per cent renewable energy from over 760,000 solar panels that Red Sea Global has built to power The Red Sea destination

Red Sea Coastline. Image Credit: redseaglobal.com

Red Sea joins Virtuoso’s portfolio as a travel partner

The destination hopes to be the gold standard for regenerative and sustainable tourism when it opens its doors to travellers later in 2023

Saudi Arabia destroys bomb-laden boat off Yanbu in Red Sea

An investigation is ongoing

Oil tanker owner says ship attacked in Saudi Arabian Red Sea

The vessel, able to haul about 700,000 barrels of oil, was holed about 1 meter above the waterline

Saudi’s Amaala strengthens alliance with Dubai-based HASCO

The startup will offer excavation, backfilling, and earthworks for Triple Bay Marina

Saudi says mega Red Sea project ‘on track’ to complete phase 1 in 2022

The project is expected to add over $5.86bn to the kingdom’s GDP when complete

Saudi intercepts missile fired towards Yanbu

The attack coincides with an offensive supported by the Saudi-led coalition to retake Yemen’s Houthi-held port city of Hodeidah