Saudi
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Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. Javier Blas | Bloomberg | Getty Images U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company has announced. The manufacturing facility will be able to produce 155,000 […]
As Joe Biden moved to open US strategic oil reserves, his two biggest oil-producing allies have kept their tanks firmly shut. The UAE and Saudi Arabia continue to rebuff the US president as he attempts to counter soaring oil prices prompted by Russia’s invasion of Ukraine. And both countries have been unusually frank about their […]
Yemen’s Houthis rebels have acknowledged a series of attacks on Saudi Arabia after state media in the kingdom reported rocket and drone strikes targeting an oil depot in Jeddah and other facilities in Riyadh. A huge plume of black smoke was seen rising from the plant in Jeddah, as the city prepared to host a […]
WASHINGTON (AP) – The U.S. has transferred a significant number of Patriot antimissile interceptors to Saudi Arabia in recent weeks as the Biden administration looks to ease what has been a point of tension in the increasingly complicated U.S.-Saudi relationship. A senior administration official confirmed Sunday night that the interceptors have been sent to Saudi […]
WASHINGTON—The Biden administration has transferred a significant number of Patriot antimissile interceptors to Saudi Arabia within the past month, fulfilling Riyadh’s urgent request for a resupply amid sharp tensions in the relationship, senior U.S. officials said. The transfers sought to ensure that Saudi Arabia is adequately supplied with the defensive munitions it needs to fend […]
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N)
Saudi Arabia’s Foreign Minister Faisal bin Farhan Al-Saud speaks during a joint news conference with EU foreign policy chief Josep Borrell in Riyadh, Saudi Arabia, October 3, 2021. REUTERS/Ahmed Yosri Oct 20 (Reuters) – Saudi Foreign Minister Prince Faisal bin Farhan al-Saud and U.S. Special Envoy for Iran Robert Malley met in Riyadh on Wednesday […]