Saudi Arabia taps China’s MiniMax for Arabic AI model The development signals that the kingdom continues deepening AI ties with China while simultaneously pursuing major US technology partnerships, keeping the Gulf state at the center of an intensifying technology race between the superpowers. Saudi Arabia
Newsletter: Business & Tech Oil rises amid renewed US-Iran fighting Iran launched a wave of attacks on US sites across the Middle East on Wednesday after an extensive American bombardment. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi oil exports hit nine-year low as tanker attacks threaten recovery The country’s oil exports were around 3 million barrels per day in August. Saudi Arabia
Newsletter: FutureVerse LEAP’s comeback The fifth edition of the gathering offers a temperature check for the Gulf’s AI ambitions amid fallout from the US-Israel-Iran war. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: Daily Briefing Iran sets conditions for reopening Strait of Hormuz By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Newsletter: City Pulse Riyadh AlUla brings Saudi creativity to Paris By Rebecca Anne Proctor In Dubai, reporting on culture
Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3% Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen. Saudi Arabia
China to issue up to $2B in bonds in Saudi Arabia as business ties deepen The two countries have been deepening economic and trade ties to help each other meet strategic initiatives such as China’s Belt and Road Initiative with Saudi Arabia’s Vision 2030 plan. Saudi Arabia
How Trump, Harris presidencies could impact Middle East oil markets Trump has favored a more interventionist approach toward OPEC, while the Biden-Harris administration has used the US' strategic petroleum reserves to influence oil policy Saudi Arabia
Analysis In Middle East, China's influence unconstrained by Trump, Harris In theory, Beijing may favor the predictability of Harris over the uncertainty of Trump. But in practice, China did exceedingly well in the Middle East during Trump’s presidency and has successfully navigated challenges under the Biden-Harris administration By Joyce Karam
Saudi Arabia's PIF signs $51B in MoUs with Japanese banks amid Asia push The signings come amid the Future Investment Initiative this week in Riyadh, which attracted hundreds of international companies and investors to the kingdom. Saudi Arabia
Saudi-Israel normalization 'off table' until Palestinian statehood, FM says Saudi Arabia's foreign minister has said that normalization with Israel will wait for progress on Palestinian rights. Saudi Arabia
Saudi Arabia's NEOM attracts $16B in private financing over 2 years Saudi Arabia's flagship sustainability project has attracted substantial private investments and is looking for more. Saudi Arabia
Analysis Algeria lines up energy deals with US, Saudi firms as clock ticks on gas export ambitions Algeria has launched a rare licensing round for oil and gas projects as it chases new interest in its upstream sector. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources. Saudi Arabia
Saudi Aramco expects oil demand to average 104.5 million bpd in 2024 The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA. Saudi Arabia
In first, Saudi Arabia to begin trading China-focused ETF: What we know The ETF, which will begin trading on the Saudi Stock Exchange, has raised more than $1.2 billion. China
Saudi's PIF downsizes foreign investment, turns to AI, domestic priorities Saudi Arabia's sovereign wealth fund is looking to invest in tourism, real estate and sustainability as its Vision 2030 deadline draws closer. Saudi Arabia