Business

Saudi Arabia Boosts Oil Exports to Asia Amid Supply Concerns

Saudi Arabia has sold nearly 100 million barrels of crude oil to Asian buyers since mid-September, addressing concerns about a potential supply shortfall in the region. This substantial volume...

Markets Anticipate US-Iran Talks, Driving Oil Prices Upward

Oil prices experienced a rebound on Tuesday after a series of losses, as anticipation grew over potential diplomatic...

Saudi Arabia to Purchase F-35 Jets in $24.3 Billion US Deal

The United States has approved a significant $24.3 billion deal to sell 48 F-35 stealth fighter jets to...

Saudi Pipeline Closure Threatens 4% of Worldwide Oil Supply

Concerns over global oil supplies have intensified following Saudi Arabia's temporary closure of its crucial East-West oil pipeline...

Breaking: Saudi Arabia and Russia Collaborate to Stabilize Global Energy Markets

Saudi Arabia is underscoring the significance of its partnership with Russia to ensure stability in global energy markets....

AI and Chip Stocks Drop, Pulling Down S&P 500 and Nasdaq

The US stock market wrapped up the week with mixed results, marked by a downturn in the S&P 500 and Nasdaq as investors pulled...

Rubio Consults Gulf Leaders Amid Worries Over $300B Iran Rebuilding Fund

US Secretary of State Marco Rubio has embarked on diplomatic discussions with Gulf allies concerning a proposed $300 billion Iran reconstruction fund. The initiative...

Japan, Saudi Arabia Forge New Business Alliances in Riyadh Talks

In Riyadh, officials from Saudi Arabia and Japan convened to discuss the expansion of economic cooperation and the exploration of new investment opportunities across...

Saudi Arabia Seeks European Investment for $2.5 Trillion Mining Ventures

Saudi Arabia is putting a spotlight on significant investment prospects in its mining and industrial sectors, as highlighted during the Gulf Vision 2026 Forum...

Saudi Arabia, Hong Kong Intensify Business and Investment Collaboration Efforts

In a bid to enhance economic relationships, Hong Kong and Saudi Arabia are actively exploring opportunities to broaden their collaboration across several vital sectors,...

US-Iran Negotiations Lower Tensions, Cause Oil Prices to Drop

Oil prices experienced a significant drop of over 2 percent on Friday, with the market poised for its most substantial weekly decline since early...