Saudi Arabia to invest $24bn in Arab states
The Public Investment Fund chaired by Crown Prince Mohammed bin Salman plans to open five offices across the region in bid for influence and investment
Saudi Arabia
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Moscow to develop relations with Riyadh
Russia intends to develop relations with Saudi Arabia, Russian President Vladimir Putin said at the plenary session of the Valdai Discussion Club onThursday. "We've recently determined the status of Saudi Arabia in the SCO. And …
Saudi energy minister says countries should not misuse oil stocks
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said some countries were using their emergency stocks to manipulate markets when their purpose should be to mitigate any shortages of supply. The comment appeared to be a …
Riyadh to become capital of global tourism industry
Riyadh is set to become the capital of the global tourism industry
Saudi Crown Prince questions Biden's mental acuity - report
Saudi Crown Prince Mohammed bin Salman mocks U.S. President Joe Biden in private, making fun of the 79-year-old’s gaffes and questioning his mental acuity, according to people inside the Saudi government. He has told advisers …
Türkiye criticizes U.S. for 'bullying' Saudi Arabia over oil supply cut
Türkiye on Friday reprehended the US criticism of Saudi Arabia over the OPEC+ decision to cut oil production. Speaking at a news conference in the southern Mersin province, Foreign Minister Mevlut Cavusoglu dubbed the US criticism …
Pakistan backs Saudi Arabia after OPEC+ output cut riles US
Islamabad says it stands with Riyadh "in the wake of statements made against the kingdom", and hails the oil cartel's decision to cut production by two million barrels a day. Pakistan has thrown its weight behind longtime …
Egypt supports OPEC+ decision to cut oil output
Egypt reiterated that it is following closely and with interest the reactions to the OPEC+ decision, which was recently issued, and the reactions that arose around it. The Egyptian Ministry of Foreign Affairs said that Egypt …
Saudi Arabia partners with South Africa to grow communication and IT sectors
Saudi Arabia’s Ministry of Communications and Information Technology has signed a memorandum of cooperation with South Africa’s Department of Communications and Digital Technologies to enhance development in the fields of …
Saudi-US marriage of convenience
When President Biden visited the Saudi city of Jiddah three months ago, he was greeted with a fratboy-like familiarity by the 37-year-old Crown Prince Mohammed bin Salman
Persian Gulf countries change their stance towards Russia
In recent years, the foreign policy of two Gulf states — Saudi Arabia and UAE – has been witness to significant changes
U.S. asks Saudi Arabia to postpone OPEC decision
The Biden administration asked Saudi Arabia, the de-facto leader of oil producer group OPEC, to delay its decision on oil output by a month, the kingdom said in a statement. The Saudis declined, and in early October OPEC+ announced its …
Saudi Arabia: OPEC+ decision to cut oil output was not political
Saudi Arabia’s ties with the United States are strategic and have supported the security and stability of the Middle East, the top Saudi diplomat Faisal bin Farhan said, defending the recent decision by OPEC+ to cut oil output, according to …
Biden open to re-evaluating Saudi relationship
U.S. President Joe Biden pledged "there will be consequences" for U.S. relations with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over U.S. objections. John Kirby, the White House …
Biden re-evaluating U.S. relationship with Saudis after OPEC+ decision
U.S. President Joe Biden is re-evaluating the U.S. relationship with Saudi Arabia after OPEC+ announced last week that it would cut oil production, White House national security spokesman John Kirby said on Tuesday. "I think the …
U.S. lawmakers propose banning arms to Saudi Arabia
A pair of Democratic lawmakers is proposing the U.S. halt arms sales to Saudi Arabia in response to oil production cuts from the Organization of the Petroleum Exporting Countries (OPEC). Rep. Ro Khanna and Sen. …
Why Saudi Arabia rebuffed Biden’s pleas for more oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation. The world’s largest oil exporter insists the decision …
Saudi Arabia lowers oil prices for Europe
Saudi Arabia is raising oil prices for the US market again, while lowering them for Europe and leaving them largely unchanged for Asia. November shipments of Arab Light crude to Asia from state-run producer Saudi Aramco will remain …
Riyadh and Moscow ready to announce oil production cuts during OPEC+ meeting
Saudi Arabia, Russia and other oil-producing nations are ready to announce deep oil cuts during Wednesday’s OPEC+ meeting in Vienna, the Financial Times reported citing own sources. According to the paper, Saudi Arabia seeks to …
Saudi Arabia to host energy leaders and sportsmen from all over the world
Saudi Arabia will be the first country in the Middle East to host the Asian games
