Terrorist Behind German Christmas Market Attack Was Wanted Fugitive from Saudi Arabia, Granted Asylum
MAGDEBURG, Germany — Reports circulating on social media claim that the suspect behind the deadly Christmas market attack in Magdeburg is a fugitive from Saudi Arabia, whom the German government had refused…
Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption
BERLIN (Reuters) – German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea,…
Saudi Arabia’s new civil laws aim to boost investment, but caution lingers
By Pesha Magid and Hadeel Al Sayegh RIYADH/DUBAI (Reuters) – For private equity investor Imad Ghandour changes in Saudi Arabia’s laws are prompting a rethink and his firm may buy, for the…
SHOSHANA BRYEN: Will The US Finally Patch Things Up With Saudi Arabia?
SHOSHANA BRYEN: Will The US Finally Patch Things Up With Saudi Arabia? Shoshana Bryen on December 28, 2023 The British Ministry of Defense has announced that, “Saudi Arabia and the United Kingdom…
Widow of murdered Saudi journalist Khashoggi granted political asylum in US -Wash Post
(Reuters) – The widow of murdered Saudi journalist Jamal Khashoggi has been granted political asylum in the U.S., the Washington Post newspaper reported on Thursday. It cited Hanan Elatr as saying “I…
Saudi inflation in November rises slightly to 1.7%
RIYADH (Reuters) – Saudi Arabia’s annual inflation rate rose to 1.7% in November from 1.6% the previous month, government data showed on Thursday, with rising housing rents the main driver once again.…
Lucid has assembled near 800 cars in Saudi plant, focused on training -VP
By Pesha Magid RIYADH (Reuters) – Lucid Group has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its main focus on training more than 200 local employees,…
Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh
RIYADH (Reuters) – Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the kingdom, including a 30-year exemption for corporate income tax.…
Saudi non-oil activity eases in November but outlook improves -PMI
DUBAI (Reuters) – Growth in non-oil business activity in Saudi Arabia eased in November from the previous month as a decline in export demand and inflationary pressures weighed, but the outlook was…
Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
By Yadarisa Shabong and Elisa Anzolin (Reuters) -Saudi Arabia’s PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the…
Saudi crown prince, African leaders call for end to war in Gaza
RIYADH (Reuters) -Saudi Arabia’s crown prince on Friday called for an end to the war in Gaza, a stance later echoed in a declaration with African leaders attending a summit in Riyadh.…
Wall Street leaders appear at Saudi conference amid conflict
By Hadeel Al Sayegh RIYADH/LONDON (Reuters) – Wall Street’s top financiers showed up in force at an annual financial conference in Saudi Arabia on Tuesday despite broad concerns over travel in the…
IMF cuts Saudi Arabia’s growth forecast to 0.8% for 2023
DUBAI (Reuters) – The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8% and estimated growth of 4% next year in its latest World Economic…
Saudi Arabia, other Arab states reaffirm commitment to voluntary oil production adjustments
(Reuters) – Bahrain, Iraq, Kuwait, Oman, Saudi Arabia and the United Arab Emirates reaffirmed their commitment to “collective and individual voluntary adjustments” to oil production, the Saudi state news agency said on…
World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the…
Saudi Arabia to tap international debt markets as deficits return
By Aziz El Yaakoubi and Pesha Magid RIYADH (Reuters) – Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in 2023-2024, the finance ministry said,…
Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia’s Jeddah city, under a deal designed to further the Middle Eastern country’s…
Saudi envoy links Israel normalisation talks to land-for-peace offer
By Ali Sawafta RAMALLAH, West Bank (Reuters) – Saudi Arabia’s first ambassador to the Palestinians described a decades-old Arab land-for-peace offer on Tuesday as a pillar of any normalisation of ties with…
Israeli delegation attends UNESCO gathering in Saudi Arabia
RIYADH (Reuters) – An Israeli delegation on Monday attended a meeting by the United Nations’ cultural agency in Riyadh, in another sign that Saudi Arabia is opening up to Israel with Washington…
US, Saudi Arabia in talks to secure metals in Africa – WSJ
(Reuters) – The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing…
Biden Greets Saudi Prince With Friendly Handshake After Vowing To Make Gulf Ally A ‘Pariah’
Biden Greets Saudi Prince With Friendly Handshake After Vowing To Make Gulf Ally A ‘Pariah’ Jake Smith on September 9, 2023 President Joe Biden shook hands and greeted Saudi Arabian leader Mohammed…
Saudi Arabia’s 2023 GDP growth to slow due to longer oil cuts – IMF
DUBAI (Reuters) – Saudi Arabia’s overall gross domestic product growth is likely to be lower than the currently forecast 1.9% by the International Monetary Fund, but will remain in positive territory, the…
Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – Saudi Arabia’s STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25 billion),…
Pakistan’s interim PM says Saudi Arabia to invest $25 billion over next five years
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Saudi Arabia will invest up to $25 billion in Pakistan over the next two to five years in various sectors, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq…
Bolsonaro stays silent in police probe of undeclared Saudi, Bahrain jewelry gifts
By Ricardo Brito BRASILIA (Reuters) – Former Brazilian President Jair Bolsonaro and his wife Michelle chose to remain silent when they appeared before Federal Police on Thursday to testify in an investigation…
StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion
By Rishav Chatterjee (Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a drive to…
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