Saudi Arabia poised to raise $11.2B in Aramco's second IPO

Aramco had set a price range of its shares between 26.7 and 29.0 riyals ($7.12 and $7.73) but said on Friday it ended up pricing them at 27.25 riyals ($7.27).

Saudi Arabia

Saudi Arabia joins China, UAE in digital currency project

The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform.

Saudi Arabia

Qatar National Bank says GCC banks have more liquidity than global rivals

An executive at the Qatari lender said that Gulf countries will have to compete with the rest of the world for billions of dollars in equity to finance infrastructure projects, of which there is a higher demand than supply.

Saudi Arabia

Jordan seizes 9.5 million Captagon pills at Saudi border

Much of Jordan’s efforts to counter drug smuggling focus on the Syrian border, but Saudi Arabia remains a major destination for Captagon.

Jordan

Le Drian says France keen to help Saudi Arabia transition away from oil

France's former top diplomat said that his country was supportive of Saudi Arabia's efforts to diversify its economy.

Saudi Arabia

Saudi Arabia sees 477% increase in multinational HQs in first quarter

The 127 international companies relocating to Saudi Arabia so far this year follow a Saudi program to attract world businesses.

Saudi Arabia

Analysis

Can Gulf investors outstrip China in Africa as UAE expands reach?

As the UAE, Saudi Arabia and other GCC states boost investments in Africa,Beijing’s Belt and Road Initiative could face serious challenges.

By Sabena Siddiqui

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

US reportedly slows AI chip exports to Mideast as Saudi Arabia turns to China

Washington has further restricted imports of critical components for AI systems to certain countries, including some undisclosed ones in the Middle East.

Saudi Arabia

Middle East economic outlook caught between low growth, high debt convergence

Karen Young

In Washington, DC, reporting on regional energy

Saudi-Syrian normalization takes off with Hajj flights, return of ambassador

Diplomatic relations have resumed between the two countries as Riyadh appointed Faisal al-Mujfel ambassador to Syria — the first since relations were severed in 2012.

Syria

Saudi Prince Alwaleed bin Talal invests in Elon Musk’s $24B AI startup

Kingdom Holding Company also holds a stake in Elon Musk’s social media platform X, formerly Twitter.

Saudi Arabia

Interview

Saudi Expo 2030 to offer major opportunities for French businesses, says official

In November, the Saudi capital won the right to host the Expo 2030 world trade fair that is expected to attract around 40 million visitors and billions of dollars of inward investment.

Axel Baroux

French Trade and Invest Commissioner for the UAE and Middle East