The United States and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom’s ambitions to develop a civil nuclear industry, U.S. Energy Secretary Chris Wright told reporters in the Saudi capital Riyadh on Sunday.
Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
How Saudi Arabia’s dreams of building Hollywood in the desert fell short
Saudi Arabia has hit speed bumps in its efforts to build a global TV and movie industry, according to insiders and a previously unreported audit.
Tesla launches in Saudi Arabia with its first showroom and service center in Riyadh
Tesla officially launched in Saudi Arabia on Thursday, marking a new chapter in the company’s global expansion after Elon Musk ’s troubled relationship with the kingdom — but the Middle East country’s …
Cybertrucks in the desert: Tesla launches in Saudi Arabia
Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious …
Saudi will not waste a Trump-fuelled oil crisis
President Donald Trump’s global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn to its advantage even if its window for navigating a price war is narrow.
Goldman Warns Oil Crash Could Push Saudi Arabia’s Budget Deficit to $67 Billion
The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.
Goldman Warns Oil Crash Could Push Saudi Arabia’s Budget Deficit to $67 Billion
The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.
Peter Thiel’s Valar, Saudi Arabia’s Sanabil Back Commerce Firm
The venture capital arm of Saudi Arabia’s sovereign wealth fund and Peter Thiel’s Valar Ventures are jointly leading a $110 million funding round in SILQ Group, a newly formed commerce …
Pakistan seeks billions in investment as it promotes its minerals sector
Pakistan pitched investments in its mines and minerals sector to delegations from the United States, Saudi Arabia, China and elsewhere as it opened a summit Tuesday that authorities hope will bring …