DAMASCUS, Syria (AP) — Syria and Saudi Arabia signed multibillion-dollar investment agreements on Saturday, including a major telecommunications project, a low-cost joint airline and an international …
2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran
The ongoing conflict in the Gulf, however, has newly exposed the weakness of the petrodollar. Following the first U.S.-Israeli attack, Iran effectively closed the Strait of Hormuz, through which 20% …
Saudi Arabia’s non-oil business activity shrinks in March amid conflict, PMI shows
April 5 (Reuters) – Saudi Arabia’s non-oil private sector activity contracted in March for the first time since August 2020, as the war in the Middle East snarled up supply chains, a business survey …
Saudi Arabia to get 50 new business hotels under $1bn AYARA platform backed by US investors
US Patel Family Office and Saudi AHQ sign $1bn deal to launch AYARA, a 50-hotel business network across Saudi Arabia by 2029 …
Saudi Arabia to get 50 new business hotels under $1bn AYARA platform backed by US investors
US Patel Family Office and Saudi AHQ sign $1bn deal to launch AYARA, a 50-hotel business network across Saudi Arabia by 2029 …
Saudi Arabia’s Vision 2030 meets a tougher world
Regional tensions are testing the operating environment for Saudi Arabia’s economic transformation, even as its long-term direction remains intact …
Neotek becomes first to receive open banking license in Saudi Arabia
Neotek, the technology arm of Al Rajhi Bank, has become the first entity in Saudi Arabia to be granted a permanent open banking license by the Saudi Central Bank. The milestone moves the Kingdom one …
Saudi Arabia to fall short of 130GW renewables target by 2030
In October 2025, Saudi Arabia awarded 4.5GW of new solar and wind capacity in the sixth auction round of the National Renewable Energy Program (NREP).
Pakistan holds talks with Turkey, Saudi Arabia, Egypt on Iran war
The foreign ministers of Pakistan, Egypt, Saudi Arabia and Turkey will meet in Islamabad on Sunday, as the U.S.-Israeli war with Iran hits the 30-day mark. Pakistan’s Ministry of Foreign Affairs wrote …
Pakistan claims US, Iran open to its mediation; talks may be held in Islamabad
Pakistan, endorsed by the US, Iran, and China, hosted a Gulf peace summit. Prime Minister Shehbaz Sharif pledged support to Saudi Arabia, while Foreign Minister Ishaq Dar called for US-Iran talks in …