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Saudi Arabia

July 2, 2026

Riyadh 10:35 pm

34°C

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

China's Foreign Minister Wang Yi (R) shakes hands with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023. The international community must take urgent action to stop the "humanitarian disaster" unfolding in Gaza, Chinese Foreign Minister Wang Yi told visiting diplomats from Arab and Muslim-majority nations on Novembe

Explainer

Saudi FM concludes China visit amid Trump-MBS friction: What to know

Saudi Arabia is still absorbing the war’s security fallout and is widening its circle by leaning more on Beijing as a diplomatic counterweight to Washington and as a partner that can engage Tehran.

Latest News

Saudi Arabia's FM heads to China amid differences with US on Iran war

PEDRO PARDO/AFP via Getty Images

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Olivier Badard

CEO of Armada Holding

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

United Arab Emirates

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

A Delta Air Lines Airbus A220 airplane prepares to takeoff at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 10, 2025.

Delta to launch first direct US-Saudi flight as business ties deepen

Beginning in October 2026, Delta will fly from its Atlanta hub to the Saudi capital three times a week on an Airbus A350-900 — a route that will span more than 7,000 miles.

A Saudi navy ship is pictured docked at King Faisal navy base in Jeddah before the departure of a team to Port Sudan to help with the evacuation efforts of people fleeing Sudan, on April 29, 2023. - Warplanes on bombing raids drew heavy anti-aircraft fire over Khartoum as fierce fighting between Sudan's army and paramilitaries entered a third week, despite a renewed truce. (Photo by Fayez NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Analysis

Saudi Arabia diversifies with new China naval drills, but military remains Western-centric

Expanding Saudi-Chinese defense cooperation mirrors the broader deepening of Saudi-Chinese diplomatic and economic relations.

Francesco Schiavi

By Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Khaled Alanani, the Bank of London & The Middle East's head of real estate and investments

Interview

Gulf real estate investors choose UK over US amid political instability

The London-based lender is seeing an increase in demand from Gulf investors in UK real estate as US markets have become less predictable.

Khaled Alanani

Head of real estate finance and investments, Bank of London and The Middle East

Banque Saudi Fransi - Head Office in Al Wizarat - stock photo

Singapore's DBS Group, Banque Saudi Fransi ink Asia-Gulf trade deal

Trade between Southeast Asia and the GCC reached about $130.7 billion in 2023 and is expected to grow by another $50 billion by 2027, according to the Singaporean lender.

Two Exchange Square in Central District. Hong Kong Stock Exchange (SEHK) is located in the this building.

Hong Kong exchange expands Gulf presence with new Dubai commodities arm

The emirate has positioned itself as a global commodities trading hub, with the UAE ranking second globally after the US in last year’s Commodity Trade Index.

United Arab Emirates

Former Uber CEO Travis Kalanick leaves the Phillip Burton Federal Building on day three of the trial between Waymo and Uber Technologies on February 7, 2018 in San Francisco, California.

Saudi Arabia grants citizenship to Uber co-founder, Red Sea Global CEO

Uber co-founder Travis Kalanick and Red Sea Global CEO John Pagano have been granted Saudi citizenship.