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Saudi Arabia

September 14, 2024

Riyadh 8:00 am

31°C

The Olympic rings are seen during preparation works at the Eiffel Tower stadium in Paris on July 24, 2024, ahead of the Paris 2024 Olympic Games.

Analysis

Race for historic Middle East Olympics is on post-Paris

Regional players are ready to make their case for the 2036 games but face a crowded field of bidders.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Bahrain's Bapco Energies signs pipeline deal with BlackRock

Bahrain, one of the smallest producers in the Gulf, is focused on developing its downstream sector and looking at asset monetization deals.

Saudi Aramco signs downstream agreements with Chinese refiners

Saudi Aramco is leveraging its existing relationships with Chinese oil buyers by expanding into chemicals. The oil company also looks to invite Chinese investments to its projects in the kingdom.

Russian Foreign Minister Sergei Lavrov (C) and Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman (2L) attend the first session of the G20 Leaders' Summit at the Bharat Mandapam in New Delhi on Sept. 9, 2023.

Saudi crown prince meets Russia's Lavrov at GCC meetings in Riyadh

Russian Foreign Minister Sergey Lavrov met with Saudi Crown Prince Mohammed bin Salman and Saudi Foreign Minister Prince Faisal bin Farhan on the sidelines of GCC ministerial meetings in Riyadh.

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Analysis

In military reshuffle, Saudi Arabia seeks efficiency, closing gap with regional rivals

US Secretary of Defense Lloyd Austin welcomes Saudi Defense Minister Khalid bin Salman to the Pentagon in Washington, DC, on November 1, 2023. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Francesco Schiavi

By Francesco Schiavi

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

Analysis

Can Saudi Arabia afford giga-projects with oil prices under $75 per barrel?

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel

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Analysis

Is NFL inching closer to welcoming Gulf investors?

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

A general view shows the ADNOC Facility in Fujairah on November 28, 2023. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

United Arab Emirates

Sabena Siddiqui

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

Sebastian Castelier

In Dubai, reporting on regional business

Kate Dourian

In Dubai, reporting on energy

Benjamin Houghton

In Durham, reporting on China in the Middle East

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Karen Young

In Washington, DC, reporting on regional energy

This picture taken from the Egyptian side of the border with the Gaza Strip, shows the war-ravaged city of Rafah on July 4, 2024, as the conflict between Israel and the Palestinian militant group Hamas continues.

Saudi Arabia condemns Netanyahu's Philadelphi Corridor statements

Saudi Arabia strongly condemned Israeli Prime Minister Benjamin Netanyahu's recent comments regarding the Israeli military presence in the Philadelphi Corridor.

A cargo ship is docked at the port of Yemen's Huthi-held city of Hodeida on July 28, 2024. Photo by -/AFP via Getty Images)

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Houthi ships

Two oil tankers come under attack in the Red Sea, sources say

Oil tankers transiting the Red Sea are facing renewed dangers while transiting one of the world's most critical chokepoints for crude.

King Abdullah Centre

Middle East fintech funding sees 650% spike in 2020-2023

Fintech is one of the most funded and transacted industries across the MENA region, according to a MAGNiTT report, accounting for 24% of all venture investment in the region in the first half of 2024.

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.

How significant is PIF's $50B China investment for Saudi ties?

Though Riyadh continues its efforts toward economic integration with Beijing, it still seeks to balance relations with both Beijing and Washington.

MBS Erdogan

Saudi, Turkish leaders call for pressure on Israel to end Gaza war

The two countries have repeatedly called for an end of the war in the Gaza Strip since it erupted last October.

Matthew Stockman/Getty Images

As main funder of Vision 2030, Saudi Arabia's PIF doubles down on domestic investments

Saudi Arabia’s wealth fund is doubling down on domestic investments to support plans to diversify beyond oil revenues, which have fueled the kingdom’s economy for decades.

Israeli Minister of National Security Itamar Ben Gvir takes part in the Jerusalem Day Flag March in the Old City on June 5, 2024 in Jerusalem.

Saudi Arabia, UAE speak out against Israeli far right's moves on Al-Aqsa

Riyadh and Abu Dhabi have called for an end to provocations at one of Islam's holiest sites amid comments by Israel's national security minister about building a synagogue on the site.

A vendor selling dates walks across a street in Islamabad on July 8, 2024, as cash-strapped Pakistan adopted a $68 billion budget laced with tax-raising measures on June 28, seeking to secure a new bailout from the IMF.

Pakistan to raise $4B from Middle East banks amid economic turbulence

For many years, Pakistan has relied on China and Gulf allies Saudi Arabia and the United Arab Emirates to roll over some of its debt to avoid having to repay it sooner.

Jennifer Gnana event

Al-Monitor expands Gulf coverage with new talent led by Jennifer Gnana

GIUSEPPE CACACE/AFP via Getty Images

Analysis

Saudi Arabia's oil revenue falls to three-year low as OPEC+ cuts bite

A low price environment and sustained production cuts have impacted Riyadh's ability to earn more oil revenue.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel

URS FLUEELER/AFP via Getty Images

Saudi FM makes unannounced visit to Iraq, meets Sudani: What we know

Saudi Arabia and Gulf states are showing increasing interest in Iran-dominated Iraq.