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Saudi Arabia

August 3, 2026

Riyadh 8:51 pm

37°C

SAEED KHAN / AFP via Getty Images

Oil falls 5% after Trump calls off Iran strikes, says Hormuz deal agreed

Oil prices fell after President Donald Trump said on Sunday that he had suspended planned strikes on Iran following a request from Tehran and other Middle Eastern countries.

Sudan's de facto leader and armed forces chief Abdel Fattah al-Burhan greets supporters in Port Sudan, Dec. 29, 2024.

Analysis

Amid realignment with Egypt, Turkey steps up support for Sudan’s Burhan

Turkey has been intensifying engagement with the Sudanese army leader as Red Sea security concerns grow and to protect its interests in the broader Africa region.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

An Egyptian man looks at the Qatari Liquefied Natural Gas (LNG) carrier "Duhail" as its passes through the Suez Canal near the Egyptian port city of Ismailia on April 1, 2008. The vessel has a capacity of 210,100 cu.m making it one of the largest LNG carriers constructed to date. AFP PHOTO/STR (Photo credit should read -/AFP via Getty Images)

Analysis

How strike on Damietta port exposes Egypt's energy infrastructure risks

The unclaimed attack on the port of Damietta could draw Egypt further into the US-Iran conflict as experts point to growing threats to critical infrastructure in the Eastern Mediterranean.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Turkey, Pakistan among 14 countries backing Saudi Arabia's anti-Houthi Red Sea alliance

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.

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

Fayez Nureldine / AFP via Getty Images

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

People sit listening as the Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, on Nov. 3, 2025.

Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit

Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum.

UK Chancellor Rachel Reeves, right, and Qatari Finance Minister Ali bin Ahmed al-Kuwari arrive at the Future Investment Initiative in Riyadh, Saudi Arabia, on Oct. 28, 2025.

Analysis

UK chases elusive GCC trade deal that could boost exports, economic links

A new charm offensive at Saudi Arabia's flagship investment conference has fueled optimism that a UK-GCC trade pact, under negotiation since 2022, could soon be completed.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Ezra Acayan/Getty Images

Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts

The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans.

FAYEZ NURELDINE/AFP via Getty Images

Billion-dollar AI, clean energy deals headline Saudi 'Davos in the Desert'

Humain, an AI firm backed by the Saudi sovereign wealth fund, the PIF, signed a $3 billion deal with AirTrunk, a company backed by US asset manager Blackstone, to build a data center campus in the kingdom.

RANIA SANJAR/AFP via Getty Images

In Saudi Arabia, Sharaa hails 'historic opportunity' for Syria investment

Syrian President Ahmed al-Sharaa touted investment opportunities in his country as he addressed business leaders and officials at the 9th Future Investment Initiative Conference in Riyadh.

FAYEZ NURELDINE/AFP via Getty Images

Humain’s $3B deal sets tone as Riyadh’s FII summit spotlights AI, private credit

At the 2025 edition of Saudi Arabia's flagship investment conference known as “Davos in the Desert," AI is stealing the spotlight from megaprojects.

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.