Saudi inflation steady at 2.7% in April, driven by housing
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate was 2.7% in April, unchanged from the previous month, driven mostly by housing rental costs, government data …
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Lucid losses put Saudi Arabia’s EV strategy in the headlamps
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia …
Saudi Aramco to supply full oil volumes to Asia in June, but some seek less
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have …
Top Biden aide discusses Yemen peace efforts with Saudi crown prince
WASHINGTON (Reuters) – U.S. national security adviser Jake Sullivan met Saudi Crown Prince Mohammed bin Salman during a visit to the kingdom on Sunday and …
Israel hoping for breakthrough with Saudis during US security advisor visit -official
JERUSALEM (Reuters) -Israel is hoping for a breakthrough this weekend in efforts to normalize ties with Saudi Arabia during White House national security adviser Jake …
SARAH IDAN: Why Saudi Arabia’s Detente With Iran Isn’t A Good Thing
SARAH IDAN: Why Saudi Arabia’s Detente With Iran Isn’t A Good Thing Sarah Idan on April 28, 2023 On April 6, China hosted a historic …
Israel’s foreign minister says visit to Saudi Arabia ‘on the table’
JERUSALEM (Reuters) – Israel’s Foreign Minister Eli Cohen on Wednesday held out the prospect of a visit in the future to Saudi Arabia, and said …
Saudi foreign minister visits Assad, further easing Syria’s isolation
DAMASCUS (Reuters) -Syrian President Bashar al-Assad received Saudi Foreign Minister Prince Faisal bin Farhan in Damascus on Tuesday in the most significant step yet towards …
Saudi unilaterally releases detainees to Yemen amid peace push
DUBAI (Reuters) -Saudi Arabia on Monday released 104 detainees to Yemen, the International Committee of the Red Cross and a Saudi-led coalition said, in a …
DAVID BLACKMON: Saudi Arabia Could Cash In On Democrats’ Climate Cash
DAVID BLACKMON: Saudi Arabia Could Cash In On Democrats’ Climate Cash David Blackmon on April 3, 2023 As the ongoing “energy transition” progresses, hydrogen has …
Oil Prices Surge Following Saudi Surprise
Oil Prices Surge Following Saudi Surprise John Hugh DeMastri on April 3, 2023 Crude oil prices surged roughly 6% Monday morning following an unexpected Saudi-led …
Analysis – Saudi crown prince acts to realign Mideast dynamics amid concern over US support
By Aziz El Yaakoubi RIYADH (Reuters) – Saudi Arabia’s unpredictable crown prince is pushing hard to realign Middle East dynamics, engaging with old foes and …
Saudi Arabia to invite Syria’s Assad to Arab leaders summit
By Aziz El Yaakoubi and Maya Gebeily RIYADH/BEIRUT (Reuters) – Saudi Arabia is planning to invite Syrian President Bashar al-Assad to an Arab League summit …
China’s Xi speaks with Saudi crown prince, supports Saudi-Iran talks
BEIJING (Reuters) -China’s President Xi Jinping spoke by phone with Saudi Crown Prince Mohammed bin Salman Al Saud, discussing a wide range of subjects including …
Analysis-Iraq’s ambition to match Saudi oil output is out of reach
By Rowena Edwards, Maha El Dahan and Ahmed Rasheed LONDON (Reuters) – Iraq’s oil output and capacity may peak following growth of around 25% over …
Musk denies report on SpaceX’s plans for new funding from Saudi, UAE
(Reuters) – Elon Musk, the billionaire founder of SpaceX, on Friday denied a media report from earlier this week that said investors from Saudi Arabia …
Saudi Arabia Frees American Citizen Jailed For Criticizing Crown Prince
Saudi Arabia Frees American Citizen Jailed For Criticizing Crown Prince Trevor Schakohl on March 21, 2023 Dual U.S.-Saudi citizen Saad Almadi was released from Saudi …
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
(Reuters) – S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of …
‘Deeply Unserious’: California Could Start Importing ‘Green’ Fuel From Saudi Arabia
‘Deeply Unserious’: California Could Start Importing ‘Green’ Fuel From Saudi Arabia Trevor Schakohl on March 14, 2023 A major gas company is considering importing so-called …
OPEC+ decisions not politicised, Saudi energy minister says
RIYADH (Reuters) – Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on …
Security drives U.S., Saudi efforts to overcome tensions
By Aziz El Yaakoubi and Ghaida Ghantous RIYADH (Reuters) – The United States and Saudi Arabia are trying to move beyond a public spat last …
Saudi Arabia’s PIF says U.S. stocks value falls nearly $6 billion in fourth quarter
By Yousef Saba DUBAI (Reuters) – Saudi Arabia’s sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at the end of 2022, down …
IMF lowers Saudi 2023 growth forecast to 2.6%
DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on …
Saudi Arabian National Charged with Interstate Transportation of Stolen School Bus
NEWARK, N.J. – A Saudi Arabian man was charged for transporting a stolen school bus across state lines, U.S. Attorney Philip R. Sellinger announced today. …
China foreign minister seeks stronger economic ties with Saudi Arabia
BEIJING (Reuters) – China’s new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone …
Saudi inflation edges up to 3.3% in December
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on Sunday, with price …
Saudi non-oil private sector activity eases in December
DUBAI (Reuters) – Growth in Saudi Arabia’s non-oil business activity slowed to a three-month low in December, a survey showed on Tuesday, although higher sales …
Aramco and TotalEnergies to build $11 billion Saudi petrochemicals plant
PARIS (Reuters) -Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group …
Ex-Twitter worker gets 3-1/2-year U.S. prison term for spying for Saudi Arabia
By Paresh Dave OAKLAND, Calif. (Reuters) -A former Twitter Inc manager convicted of spying for Saudi Arabia by sharing user data several years ago and …
Pakistan hopes to finalise talks with Saudi Arabia on financial help soon
ISLAMABAD (Reuters) -Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the South Asian nation, Pakistan’s Finance Minister Ishaq Dar …
Saudi Arabia’s GDP grows 8.8% year-on-year in Q3 -statistics authority
DUBAI (Reuters) – Saudi Arabia’s economy grew by 8.8% in the third quarter of 2022 compared to the same period a year earlier, mainly due …
Saudi Arabia signs MoU with China’s Huawei -statement
CAIRO (Reuters) – Saudi Arabia signed a memorandum of understanding with China’s Huawei Technologies on Thursday on cloud computing and building high-tech complexes in Saudi …
UAE president, Saudi crown prince led mediation to release Griner -joint statement
DUBAI (Reuters) -The United Arab Emirates president and Saudi crown prince led mediation efforts that secured the release of U.S. basketball star Brittney Griner in …
Saudi Arabia, China sign MoUs on hydrogen – state news agency
DUBAI (Reuters) – Saudi Arabia and China have signed memorandums of understanding on hydrogen energy and the encouragement of direct investment between the two states, …
Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s …
Saudi non-oil private sector continues to expand in November
DUBAI (Reuters) – Saudi Arabia’s non-oil business activity expanded at the fastest rate in seven years in November, supported by a sharp rise in new …
Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ
(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 …
Saudi Exchange launches market-making framework to boost liquidity
DUBAI (Reuters) – Saudi Arabia’s stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure …
Saudi Aramco’s Luberef expects to raise up to $1.32 billion from IPO
By Yousef Saba DUBAI (Reuters) – Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from …
Saudi Arabia to host China-Arab summit during Xi visit, sources say
By Aziz El Yaakoubi and Julie Zhu RIYADH/HONG KONG (Reuters) – Saudi Arabia plans to host a Chinese-Arab summit on Dec. 9 attended by Chinese …
Saudi stock exchange to close on Wednesday after World Cup win against Argentina
CAIRO (Reuters) – The Saudi stock exchange will be closed on Wednesday after Saudi Arabia declared a public holiday and will reopen on Thursday, state …
Saudi Arabia’s Dar Al Arkan signs deal with Trump family for Oman project
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald …
Biden Admin Tries To Shield Saudi Crown Prince From Lawsuit Over Gruesome Murder
Biden Admin Tries To Shield Saudi Crown Prince From Lawsuit Over Gruesome Murder Micaela Burrow on November 18, 2022 The Biden administration sought to grant …
Banque Saudi Fransi sells $700 million in five-year bonds
DUBAI (Reuters) – Banque Saudi Fransi sold $700 million in five-year bonds on Wednesday in the first public dollar bonds out of the Gulf in …
Saudi foreign direct investment inflows down 85% in second quarter
(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday. The FDI inflows …
Saudi inflation eases to 3% in October
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate eased to 3% in October from 3.1% in September, with higher food prices driving the latest price …
Trade and security on agenda for Xi visit to Saudi Arabia – Saudi minister
By Aidan Lewis and Sarah El Safty SHARM EL-SHEIKH, Egypt (Reuters) – Strengthening trade ties and regional security will be priorities in an upcoming visit …
Biden has no plans to meet with Saudi crown prince at G20, White House says
ABOARD AIR FORCE ONE (Reuters) – U.S. President Joe Biden does not plan a sit-down meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman when …
Chinese refiners seek less Saudi crude as demand weak
By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter …
Saudi Arabia considers new mining index in diversification push
By Praveen Menon SYDNEY (Reuters) – Saudi Arabia is considering setting up a new metals and mining stock exchange index as it looks to expand …