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Saudi Arabia
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Saudi Arabia, host of the 2034 World Cup, has expressed support for FIFA President Gianni Infantino after FIFA withdrew a controversial proposal.
The Saudi Arabian Football Federation (SAFF) issued a statement on Thursday welcoming FIFA's acknowledgment of error, apology, and decision to withdraw its controversial "FIFA Forward Enterprises" pro
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Saudi Arabia shifts oil exports to Persian Gulf ports, bypassing Red Sea due to Houthi threats
Saudi Arabia is sharply increasing oil loadings from its Persian Gulf ports, with around 7 million barrels of shipping capacity loading at Ras Tanura on Tuesday. This move comes as Houthi threats disr
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Saudi Arabia’s Derivatives Push Deepens Capital Market Reforms
Saudi Arabia is stepping up efforts to deepen its capital markets, making it cheaper and easier to trade derivatives as it seeks to attract more investors and trading firms.
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BNP Paribas obtains regional headquarters license in Saudi Arabia, deepening Riyadh-Paris ties
BNP Paribas obtains regional headquarters license in Saudi Arabia, deepening Riyadh-Paris ties
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Iraq seeks OPEC+ oil output quota hike, targets doubling production to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia, seeking an increase in its OPEC production quota and warning that it might follow the UAE's example and exit OPEC if its production cannot be increased. Ira
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Yemen's Houthis say they attacked a vessel off Saudi Arabia's Yanbu; no Saudi confirmation
Yemen's Houthis say they attacked a vessel off Saudi Arabia's Yanbu; no Saudi confirmation
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Saudi Arabia is in talks for state-backed war insurance as Iranian conflicts and Houthi attacks cause insurance costs to soar in the region.
Due to the conflict in Iran and Houthi attacks, insurance companies have raised insurance prices or restricted coverage for ships and other companies in the region, prompting the Saudi government to c
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French President Macron to host Saudi Crown Prince Mohammed bin Salman in Paris for two-day talks on energy, regional conflicts, and bilateral cooperation
The visit, starting Sunday evening with the Esports World Cup closing ceremony, will include discussions on energy routes that could bypass the Strait of Hormuz, the Iran conflict, Gaza-Israel, and de
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Houthi Red Sea Threats Resurface, Forcing Saudi Oil Logistics to Adjust Again
Yemen's Houthi threats have made it difficult for Saudi Arabia to use an alternative route crucial for global oil supplies, forcing it to adjust its oil transportation methods once again.
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China Purchases Millions of Barrels of Saudi Crude in Rare Tender, Despite Overall Imports Remaining Muted
China has purchased millions of barrels of Saudi crude offered via a rare tender and under long-term contracts. However, the country's overall crude purchases from Saudi Arabia still remain well below
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Saudi Arabia Offers Oil Off Oman Coast, Signaling Potential Increase in Strait of Hormuz Shuttling
This move suggests the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
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Yemen's Houthis claim they attacked a Saudi military landing ship and four escort vessels off Mocha coast in Red Sea with ballistic missiles; Saudi Arabia has not confirmed.
Yemen's Houthis claim they attacked a Saudi military landing ship and four escort vessels off Mocha coast in Red Sea with ballistic missiles; Saudi Arabia has not confirmed.
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Saudi Arabia announces the launch of a Red Sea defence alliance with 13 countries to safeguard navigation through the Bab al-Mandeb Strait, Red Sea and Gulf of Aden
The coalition, which includes Bahrain, Bangladesh, Comoros, Djibouti, Egypt, Jordan, Kuwait, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Turkiye, and Yemen, aims to strengthen collective maritime d
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Saudi Arabia more than doubles oil exports via Egypt's Mediterranean port of Sidi Kerir to 2.3 million bpd, rerouting from Red Sea to avoid Houthi attacks
Saudi Arabia has significantly increased oil exports through the Sumed pipeline across Egypt to the Mediterranean Sea, with exports from Sidi Kerir port more than doubling to about 2.3 million barrels
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Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
Saudi Arabia reported to OPEC that its crude oil production increased by just over 1 million barrels a day in July.
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Saudi Arabia, Turkey, and Pakistan have signed the Mecca Joint Defense Agreement to counter Iran's actions in the Strait of Hormuz and attacks in the region.
Saudi Arabia, Turkey, and Pakistan on Friday signed the Mecca Joint Defense Agreement, stipulating that an armed attack on any one of them would be considered an attack on all three. This move aims to
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Saudi Arabia reports fire extinguished at Aramco facility in Jizan, no casualties
The Saudi Energy Ministry stated the blaze broke out early Sunday. Yemen's Iran-backed Houthi group claimed responsibility for the incident, stating it targeted the Aramco refinery in Jizan with a dro
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Saudi Arabia's new oil route adds $5/barrel cost to bypass Hormuz and Bab el-Mandeb, deemed 'worth it' for supply reliability
The detour, which involves moving crude west across Saudi Arabia to Yanbu, then north through the Red Sea to Egypt, across the SUMED pipeline, and finally sailing around the Cape of Good Hope to Asia,
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Tether expands its tokenization business to Saudi Arabia, focusing on institutional real estate assets
Stablecoin issuer Tether plans to grow its real-world asset tokenization offerings by bringing institutional-grade real estate assets on-chain in Saudi Arabia. The company's "Hadron" platform will pro
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Turkish President Erdogan visits Saudi Arabia for talks with Crown Prince Mohammed bin Salman and Pakistani PM Sharif, with reports suggesting a potential joint defense agreement
Turkish President Recep Tayyip Erdogan is in Saudi Arabia on Friday for a one-day working visit. His office stated the trip would focus on bilateral relations and regional developments. Erdogan is exp
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Pakistan's Prime Minister Shehbaz Sharif visits Saudi Arabia, seeking economic support and strengthening defense cooperation, as tensions escalate in the Gulf region.
Pakistan's Foreign Ministry stated that the two-day visit comes amidst escalating tensions in the Gulf region, and Pakistan hopes Saudi Arabia will increase financing and approve an extension of oil l
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Oil Prices Fall as Saudi Arabia Proposes Formation of a Red Sea Maritime Defense Alliance
On Thursday (July 30), international oil prices fell by more than 1% as investors assessed Saudi Arabia’s proposal to form a maritime defense alliance. The alliance aims to strengthen defense cooperat
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Saudi Arabia's Budget Deficit Narrows Three-Quarters Amid Wartime Oil Spike
Saudi Arabia's quarterly fiscal deficit contracted by almost 75%. This improvement was primarily driven by a spike in global oil prices, even as the Iran war led to an economic contraction.
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Saudi Arabia Seeks to Form an International Coalition to Counter Houthi Attacks in the Red Sea
Saudi Arabia is seeking to form an international coalition to protect shipping in the Red Sea from attacks by Yemen’s Houthi rebels. This move is intended to counter the Houthis’ escalating attacks on
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Houthi attacks near the presidential palace in Aden kill 5, cutting off a key supply line for Yemeni government forces, as Saudi Arabia intensifies airstrikes in support.
Yemen's Houthi rebels launched a missile attack near the Maasheeq Presidential Palace in Aden on Thursday, killing at least five people. Yemeni Prime Minister Maeen Abdulmalik Saeed was present but un
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UK Foreign Office expands non-essential travel warning to all of Saudi Arabia, citing heightened threats to airports
Britain’s Foreign Office widened its advice against all but essential travel to cover the whole of Saudi Arabia, extending a warning that previously applied to specified regions and cities. The guidan
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Iran denies involvement in Houthi attacks on Saudi Arabia, expresses willingness to mediate Yemen conflict.
Iran's Foreign Ministry denied involvement in Houthi attacks on Saudi Arabia. Foreign Ministry spokesman Esmail Baghaei stated that Iran rejects any claims of its role in Yemen's operations. He added
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Saudi Arabia says 2027 Asian Cup preparations remain on schedule despite Houthi attacks
Saudi Arabia's local organising committee stated late on Thursday that preparations for the 2027 AFC Asian Cup are still on schedule, despite escalating Houthi attacks on the kingdom. The tournament i
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US embassy warns of potential attacks on Saudi airports, restricts staff travel and urges citizens to take extreme caution
The US embassy in Riyadh issued a security alert on Thursday, stating that US government employees now require special authorization to use any airport in Saudi Arabia due to potential attacks. It urg
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UN Security Council condemns escalating Houthi attacks on Saudi Arabia, urges adherence to Yemen arms embargo
Members of the UN Security Council have condemned the continued and escalating Houthi attacks on Saudi Arabia in the strongest terms, according to a council statement. The statement added that all mem
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Houthi militants attacked the presidential palace in Aden, Yemen, sparking fears of a "full-scale civil war."
Al Jazeera reported that the Houthi attack on the Presidential Palace in Aden was their first operation targeting the headquarters of Yemen's internationally recognized government. The report stated t
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Houthi militants attacked five Saudi airports, disrupting travel for Mecca pilgrims.
Al Jazeera reported that recent Houthi attacks on Saudi Arabia targeted at least five Saudi airports, leading to flight cancellations and forcing some pilgrims to reroute to neighboring Gulf states.
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Iraq PM assures Saudi Crown Prince Iraqi territory won't be used for attacks against Saudi Arabia
Iraqi Prime Minister Ali Faleh al-Zaidi assured Saudi Crown Prince Mohammed bin Salman (MBS) during his visit to Riyadh on Wednesday that Iraq's territory will not be used to launch attacks against Sa
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Saudi Arabia intercepts Houthi missiles, fragments injure at least four
Saudi Arabia stated that it intercepted Houthi missiles targeting Riyadh and Dhahran, with falling debris injuring at least four people and damaging homes in the capital. Meanwhile, Saudi-backed Yemen
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Pakistan faces tough choices over Saudi Arabia's war in Yemen
Its defence pacts and financial reliance on Riyadh give Islamabad little leeway to avoid involvement in the Houthi conflict, according to the Financial Times.
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Houthi missile attack targets Saudi capital Riyadh for third consecutive day, prompting airport closure and raising economic concerns
Yemen's Houthis claimed responsibility for a missile attack targeting Riyadh's King Khalid International Airport late on Monday, marking the third consecutive day of attacks on the Saudi capital. Saud
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Saudi Arabia issues early warning alert for potential hostile threat in Riyadh, according to Reuters
Saudi Arabia issues early warning alert for potential hostile threat in Riyadh, according to Reuters
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Saudi Energy Minister Says Kingdom's Energy Supply Remains Resilient Amid Turmoil and Infrastructure Attacks
Saudi Energy Minister Prince Abdulaziz bin Salman stated that Saudi Arabia's ability to supply energy remains resilient despite significant market and security turmoil, even after recent attacks on th
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Multiple countries have warned their citizens to avoid traveling to Saudi Arabia after Houthi attacks on Riyadh airport resulted in multiple casualties and flight disruptions.
The United States, Australia, Canada, Japan, South Korea, New Zealand, and the United Kingdom have warned their citizens to avoid or reconsider travel to Saudi Arabia. This follows a series of Houthi
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Turkey is assessing air defense assistance to Saudi Arabia against Houthi attacks, stressing its defensive Mecca Pact rules out offensive troop deployment.
Turkey is assessing air defense assistance to Saudi Arabia against Houthi attacks, stressing its defensive Mecca Pact rules out offensive troop deployment.
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Saudi Arabia in Talks to Formalize Oil Loadings Outside Hormuz Strait Next Year
Saudi Arabia is negotiating with customers to offer oil loadings next year outside the Strait of Hormuz under long-term contracts. The discussions, which aim to formalize a system the kingdom has used
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White House Reportedly Asks Pentagon for Strike Options Against Iran; Houthi Attack on Saudi Airport Kills 3
The White House has reportedly asked the Pentagon to draw up strike options against Iran, which could be implemented before the midterm elections. Meanwhile, Houthi rebels attacked two airports in Sau
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Saudi Arabia states Houthi attacks on the airport have killed 3 foreign nationals and injured 36 others.
The Saudi General Authority of Civil Aviation announced that Houthi attacks on Abha Airport and King Khalid International Airport resulted in 3 civilian deaths and 36 injuries. Specifically, the attac
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Syria Considers Providing Military Support to Saudi Arabia Against Houthis
Syria is reportedly considering providing military assistance to Saudi Arabia as the kingdom battles Iran-backed Houthis in Yemen, according to U.S. and Syrian officials. Potential options include def
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Saudi Arabia reports three minor injuries and material damage from Houthi attacks on Jazan and Najran airports
Saudi Arabia's Civil Aviation Authority stated on Tuesday that three people sustained minor injuries and material damage occurred following Houthi attacks on King Abdullah bin Abdulaziz airport in Jaz
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Oil prices fell for a second consecutive day due to significant price cuts by Saudi Arabia and increased exports from the Persian Gulf.
Oil prices fell for a second consecutive day, driven by Saudi Arabia's sharp price cuts and increased crude exports from the Persian Gulf, both reinforcing signs of ample market supply.
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Yemen launches push to retake Houthi-captured territory, supported by Saudi Arabia sending 100 fighter jets
Yemen has launched a push to retake territory captured by Houthis, with Saudi Arabia sending 100 fighter jets to support the Yemeni effort to recapture Sana’a and the Bab el-Mandab Strait.
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Nikkei: Saudi Arabia and the UAE will help Asia build oil reserves, expand exports, and prioritize supply in emergencies.
Nikkei reports that Saudi Arabia and the United Arab Emirates will help build oil reserves in Asia, a region that has historically had insufficient reserves despite its reliance on imports. The two co
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