Saudi Arabia, Iran exchange ambassadors as thaw continues

The exchange of ambassadors between Saudi Arabia and Iran is the first since 2016 and follows the resumption of relations between the two countries in March.

Iran

Oil prices surge as Saudi Arabia, Russia extend 1.3 million barrel cut through December

The production cuts by Saudi Arabia, Russia and the OPEC+ alliance have succeeded in keeping oil prices up but have also had some negative effects on the Saudi economy.

Legacy: Gulf

Saudi-China cooperation strengthens with stock exchange deal

China is growing closer to Saudi Arabia politically and economically as business deals pile up.

Legacy: Gulf

China’s Huawei opens cloud data center in Riyadh to grow MENA footprint

The Chinese telecoms giant said in February it would invest $400 million in Saudi Arabia's cloud region over the next five years.

Saudi Arabia

Analysis

US-Saudi diplomacy gives lifeline to Palestinian leadership, two-state solution

How big is Assad’s Suwayda problem?

By Week in Review , Andrew Parasiliti

Brazil set to capitalize on Saudi-UAE competition as investments take shape

South America’s largest economy has been actively engaging with the UAE and Saudi Arabia under newly reelected President Luiz Inácio Lula da Silva.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi sovereign wealth fund invests in US mixed martial arts league

The new area of sports investment follows major Saudi investments in golf and soccer.

Legacy: Gulf

Israel’s Netanyahu thanks Saudi Arabia for plane landing amid normalization push

A plane carrying Israelis made an emergency landing in Saudi Arabia. The United States has been pushing for normalization between the two countries, but the kingdom remains publicly committed to Palestinian statehood as a pre-condition.

Israel

Saudi Arabia’s foreign reserves shrink by $16B in July amid oil cuts

The kingdom’s net foreign assets declined to 1.53 trillion riyals ($407 billion), according to the central bank’s monthly report published on Monday.

Saudi Arabia

Saudi Arabia’s ADES to launch IPO

ADES rebooted its plans for an initial public offering, having delayed it earlier in the year after the kingdom’s stock exchange experienced difficulties.

Legacy: Gulf

Turkey, Saudi Arabia ink critical mineral cooperation deal

Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister.

Turkey

Analysis

Tadawul posts losses but Saudi markets remain fundamentally strong 

'A bit of a correction' sheds some prior gains on the Saudi stock index, but professionals see reasons to keep investing in the kingdom.

By Harry Clynch

In London, reporting on Middle East economics