Phil Murphy touts new Rutgers relationship with Saudi college
TRENTON, N.J. — New Jersey Governor Phil Murphy is facing mounting criticism after traveling to Saudi Arabia and Poland while the state fought the largest … Read more
saudi
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 … Read more
Blinken meets with Saudi Crown Prince to discuss Gaza
(Reuters) – U.S. Secretary of State Antony Blinken on Thursday said he met with Saudi Crown Prince Mohammed bin Salman and the kingdom’s Foreign Minister … Read more
Saudi Arabia: no Israel ties without recognition of Palestinian state
RIYADH (Reuters) -Saudi Arabia has told the United States it will not open diplomatic relations with Israel unless an independent Palestinian state is recognised on … Read more
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 … Read more
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 … Read more
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 … Read more
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. … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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% … Read more
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, … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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, … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws Nick Pope on August 25, 2023 The United Nations (UN) … Read more
SHOSHANA BRYEN: The Biden Admin Should Stay Out Of Israel’s Talks With Saudi Arabia
SHOSHANA BRYEN: The Biden Admin Should Stay Out Of Israel’s Talks With Saudi Arabia Shoshana Bryen on August 14, 2023 The brilliance of the Abraham … Read more
Palestinians, Israel differ on significance of new Saudi envoy
By Dan Williams JERUSALEM (Reuters) -Israel ruled out on Sunday any eventual physical mission in Jerusalem for the first Saudi envoy to the Palestinians, even … Read more
Ukraine says Saudi talks were ‘breakthrough’, Kyiv has more to offer Africa than Russia
By Dan Peleschuk and Anna Dabrowska KYIV (Reuters) – Saudi-hosted talks last weekend were a “breakthrough” for Kyiv that showed it is possible to rally … Read more
Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to … Read more
Kremlin seeks more info about talks in Saudi, Ukraine says Moscow unwelcome
MOSCOW (Reuters) -The Kremlin said on Monday it needed to learn more about the purpose of talks planned in Saudi Arabia about the war in … Read more
Iran says Saudi Arabia-Israel rapprochement would harm regional peace
DUBAI (Reuters) – Normalisation of ties between Saudi Arabia and Israel would harm regional peace and stability, Iran’s foreign ministry spokesperson Nasser Kanaani said on … Read more
Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm – statement
DUBAI (Reuters) – Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said … Read more
Saudi Arabia detains relatives of US citizen over lawsuit, rights groups say
By Aziz El Yaakoubi RIYADH (Reuters) -Saudi Arabian authorities have detained five relatives of a U.S. citizen, rights groups said on Wednesday, arguing that the … Read more
Saudi FDI inflows reach 8.1 billion Riyals in Q1 2023 – ministry
DUBAI (Reuters) – Saudi Arabia’s foreign direct investment inflows reached 8.1 billion Riyals ($2.16 billion) in the first quarter of 2023, up 10.2% from the … Read more
IMF cuts Saudi Arabia’s 2023 GDP growth forecast to 1.9%
DUBAI (Reuters) -The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9% in its latest World Economic Outlook update released … Read more
‘Woke’ Investing Titan Just Put A Saudi Oil CEO On Its Board
‘Woke’ Investing Titan Just Put A Saudi Oil CEO On Its Board Nick Pope on July 18, 2023 BlackRock announced Monday that it has placed … Read more
Green Investment Funds Ended Up In The Hands Of A Saudi Arabian Oil Company: REPORT
Green Investment Funds Ended Up In The Hands Of A Saudi Arabian Oil Company: REPORT Nick Pope on July 12, 2023 Money invested in environmental, … Read more
Saudi National Bank was denied taking 40% Credit Suisse stake -report
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so … Read more
Aramco, TotalEnergies sign $11 billion contract to build petrochemicals complex in Saudi Arabia
(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, … Read more
Saudi Central Bank may need to inject liquidity into banks – Capital Economics
DUBAI (Reuters) – The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as … Read more
BlackRock sees strong demand for infrastructure investments in Saudi Arabia
NEW YORK (Reuters) – BlackRock sees strong demand from its global clients for infrastructure investments in Saudi Arabia, Rachel Lord, Head of APAC at the … Read more
Saudi Arabia Inks Multi-Billion Dollar Deal With China As Kingdom Seeks To ‘Collaborate’ With CCP
Saudi Arabia Inks Multi-Billion Dollar Deal With China As Kingdom Seeks To ‘Collaborate’ With CCP Philip Lenczycki on June 12, 2023 The Saudi Arabian government … Read more
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT Nick Pope on June 9, 2023 A leaked intelligence document reveals that Saudi Arabian Crown … Read more
Analysis-Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its … Read more
Analysis-Qatar takes diplomatic back seat as Saudi flexes political muscle
By Andrew Mills DOHA (Reuters) – The Arab League’s welcoming back of Syria’s President Bashar al-Assad into its ranks highlights how far behind Qatar has … Read more