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Biggest Water Theme Park in the Region 'Aquarabia' Joins Six Flags Qiddiya City

Located in Qiddiya City, Aquarabia will complement Six Flags Qiddiya City, the city's flagship theme park. SPA
Located in Qiddiya City, Aquarabia will complement Six Flags Qiddiya City, the city's flagship theme park. SPA
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Biggest Water Theme Park in the Region 'Aquarabia' Joins Six Flags Qiddiya City

Located in Qiddiya City, Aquarabia will complement Six Flags Qiddiya City, the city's flagship theme park. SPA
Located in Qiddiya City, Aquarabia will complement Six Flags Qiddiya City, the city's flagship theme park. SPA

The Board of Directors of the Qiddiya Investment Company (QIC) has announced the launch of Aquarabia, the first water theme park of its kind in Saudi Arabia and the largest in the region.

Located in Qiddiya City, Aquarabia will complement Six Flags Qiddiya City, the city's flagship theme park and the first Six Flags park to be designed and built outside of North America.

Embracing Qiddiya's Power of Play philosophy, Aquarabia will be Saudi's first home-grown water theme park and will draw visitors from across the globe with its twenty-two rides and family-friendly water-based experiences. This includes four world records, including the world's tallest water coaster, the tallest drop body slide, the tallest water slide, and the longest mat racer.

Aquarabia will also offer the first underwater adventure ride featuring fully submersible vehicles. Adrenaline lovers will enjoy an extreme watersports zone dedicated to rafting, kayaking, canyoneering, free solo climbing and cliff jumping, as well as the Kingdom's first surf pool. Moreover, Aquarabia will offer immersive, narrative-based design elements and attractions seldom seen in water parks, with its theming based around ancient desert wellsprings and Qiddiya’s wildlife seeking an oasis.

Aquarabia will complement Qiddiya City's theme park offering with the previously announced Six Flags Qiddiya City, a thrill park that will push the boundaries of the possible with twenty-eight rides and attractions.

Six Flags Qiddiya City will feature five world record-breaking coasters spread across six uniquely themed lands: Sirocco Tower, the world’s tallest free standing shot tower ride; Gyropsin, the world’s tallest pendulum ride; Spitfire, the world’s tallest inverted top hat coaster; Iron Rattler, the world’s tallest tilt coaster; and the Falcons Flight, the world's tallest, fastest and longest roller coaster which will run parallel to the F1 track.

Aquarabia and Six Flags Qiddiya City are located within Qiddiya City in an entirely walkable neighborhood where visitors can find a unique selection of activities and a broad range of hotels, dining options and even a green oasis to unwind and recharge between exhilarating rides and adrenaline-pumping experiences. Through innovative design and infrastructure, visitors will move around effortlessly, minimizing journey time and maximizing enjoyment. The seamless connection between both new parks is a statement that in Qiddiya City, every moment spent exploring is filled with excitement.

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Business

Maersk, Hapag-Lloyd Resume Further Services Through Suez Canal

FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
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Maersk, Hapag-Lloyd Resume Further Services Through Suez Canal

FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo

Shipping group Maersk said on Monday it will resume four further of its container services with Germany's Hapag-Lloyd through the Suez Canal, as they gradually ⁠return to using the ⁠shortcut between Asia and Europe.

The Asia-Europe trade corridor through the Suez Canal was abandoned ⁠by most shippers earlier this decade after attacks in the Red Sea by Yemen's Houthis, forcing ships to take the much longer trip around Africa's Cape of Good Hope.

The two ⁠companies ⁠in early July and later again in August announced that they would resume some services connecting Asia, the Mediterranean and Europe through the Suez Canal.

Business

Goldman Sachs, JP Morgan Expect September Fed Hike as Inflation Lingers

Federal Reserve building in Washington (Reuters)
Federal Reserve building in Washington (Reuters)
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Goldman Sachs, JP Morgan Expect September Fed Hike as Inflation Lingers

Federal Reserve building in Washington (Reuters)
Federal Reserve building in Washington (Reuters)

Goldman Sachs and J.P. Morgan now expect the US Federal Reserve to raise interest rates this week after a string of stronger-than-expected inflation readings challenged hopes that price pressures would continue to ease without additional policy tightening.

The Wall Street banks joined a growing number of forecasters turning more hawkish after data last week showed ‌US consumer ‌and producer prices rose more than expected in August, ‌while ⁠oil prices climbed ⁠above $100 a barrel due to renewed hostilities in the Middle East, reported Reuters.

In a note on Friday, Goldman Sachs abandoned its previous call for rates to remain unchanged and now expects a 25-basis-point increase at the US Fed's September 15-16 meeting. J.P. Morgan, meanwhile, forecasts quarter-point hikes in both September and December.

The latest data have revived concerns that progress toward the Fed's ⁠2% inflation target could stall after months of moderation.

"We ‌think that the FOMC will be ‌reluctant to surprise," Goldman Sachs economist David Mericle said.

J.P. Morgan struck a similarly ‌hawkish tone following the inflation reports.

"The week that saw rising ‌bond yields and energy prices and a firm enough set of inflation readings to make a rate hike at next week's FOMC meeting more likely than not," J.P. Morgan economists led by Michael Feroli said in a note.

The outlook ‌for further Fed tightening will be in focus this week as policymakers conclude their meeting on Wednesday, ⁠while investors ⁠also watch the Bank of Japan for policy signals.

J.P. Morgan said the latest inflation data cast doubt on a sustained disinflation trend, leading it to forecast another Fed rate hike this year and raise its estimate of the long-run policy rate to 3.25%.

Markets are pricing in an 87% chance of a quarter-point Fed rate hike this month, up from about 70% before the latest inflation data, with another increase expected in December, according to CME's FedWatch Tool.

In a separate note on Sunday, Goldman Sachs said it still expects two Fed rate cuts in 2027, though later than previously forecast, as it sees this week's expected hike as driven more by market pricing than inflation fundamentals.

Business

Saudi Arabia’s Dammam Airports Signs Design Contract to Develop King Fahd Int'l Airport

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
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Saudi Arabia’s Dammam Airports Signs Design Contract to Develop King Fahd Int'l Airport

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail signed on Sunday a design contract to develop the King Fahd International Airport in accordance with the airport's approved master plan.

Al-Hassany said signing the contract marks a significant milestone in the development of King Fahd International Airport.

Dammam Airports is committed to upgrading airport facilities, increasing capacity, and delivering a seamless, high-quality travel experience through modern design solutions and smart technologies that meet travelers' needs and accommodate future growth in passenger and air cargo traffic, he stressed.

This will reinforce the airport's status as an international gateway connecting Eastern Region to the world, he added..

The project scope includes designing the expansion of passenger terminals, upgrading facilities, and improving airport entrances and access roads. It also includes developing baggage handling systems, digital services, and terminal wayfinding systems to streamline travel procedures and enhance passenger comfort.

The master plan aims to serve more than 19.3 million passengers annually by 2030, with capacity to be increased in phases to 32 million passengers per year to meet future travel demand.

It targets increasing air cargo capacity to more than 600,000 tons annually and aircraft operational capacity to 77 movements per hour, supported by comprehensive expansions of infrastructure, runways, and general aviation facilities.

The contract is part of Dammam Airports' ongoing efforts to develop the airport ecosystem, boost operational efficiency, and contribute to achieving the objectives of the Aviation Program and Saudi Vision 2030.