Saudi Arabia

Saudi-UAE rift forces Wall Street to pick sides amid $3T stake

The deepening fracture between Saudi Arabia and the United Arab Emirates is now reverberating through global finance, with major Wall Street institutions caught between two of the world's largest pools of sovereign capital as the Gulf rivals diverge over oil…

Saudi Arabia weighs expanding Red Sea oil pipeline by up to 2M bpd

Saudi Arabia is considering expanding the capacity of its East-West crude oil pipeline to the Red Sea coast by up to 2 million barrels per day, as the kingdom and its Gulf neighbors seek to permanently reduce their dependence on…

OPEC+ agrees on 188,000 b/d oil output hike for August

OPEC+ has reached a preliminary agreement for another modest oil quota increase of 188,000 barrels per day for August, delegates said, raising the prospect of more supply hitting global markets as a U.S.-Iran peace pact reshapes the outlook for Persian…

Houthis threaten Saudi airports over Yemeni airspace dispute

Yemen's Houthi rebels issued a warning to Saudi Arabia on Thursday, threatening to target Saudi airports and vital assets after accusing Riyadh of sending fighter jets into Yemeni airspace to prevent an Iranian civilian aircraft from landing at Sanaa airport.

Saudi oil exports near pre-war levels as Hormuz shipments surge

Saudi Arabia is shipping crude oil through the Strait of Hormuz at its highest rate since the waterway reopened under the interim U.S.-Iran peace deal, with flows approaching pre-war levels in what marks the clearest sign yet that Persian Gulf…

UAE oil exports hit 85% of pre-war levels, IEA says

The United Arab Emirates' oil exports rebounded to nearly 85% of pre-war levels in early June, according to the International Energy Agency, marking a rapid recovery enabled by pipeline infrastructure and alternative shipping routes that have allowed Gulf producers to…

Saudi central bank pulls billions from global asset managers

Saudi Arabia's central bank has withdrawn billions of dollars from at least two international asset management firms in recent months, according to a report by Bloomberg, marking a shift toward a more selective approach to managing the kingdom's overseas reserves.

Saudi Arabia, Uruguay draw 1-1 in World Cup opener

Saudi Arabia earned a hard-fought 1-1 draw against Uruguay in their World Cup Group H opener at Hard Rock Stadium in Miami Gardens on Monday, a result that left all four teams in the group level on points after Cape…

Pakistan sends 8,000 troops, jets to Saudi Arabia

Pakistan has deployed approximately 8,000 troops, a squadron of around 16 JF-17 fighter jets, two drone squadrons, and a Chinese-made HQ-9 air defense system to Saudi Arabia under a confidential mutual defense agreement, Reuters exclusively reported on Sunday. The deployment,…

Saudi Arabia intercepts three drones from Iraqi airspace

Saudi Arabia said on Sunday that its air defenses intercepted and destroyed three drones after they entered the kingdom's territory from Iraqi airspace, marking the latest in a series of aerial threats that have tested Gulf security since the broader…

Saudi Arabia scales back NEOM megacity as costs soar

Saudi Arabia is significantly downsizing its flagship NEOM development and the ambitious linear city known as The Line as Crown Prince Mohammed bin Salman acknowledges delays, cost overruns, and flaws in the project's original conception, according to a Financial Times…

Red Sea Film Festival to open with boxing biopic ‘Giant’

The Red Sea International Film Festival announced its fifth edition lineup Tuesday, featuring a star-studded selection that opens December 4 with Rowan Athale's boxing biopic "Giant," starring Amir El Masry and Pierce Brosnan. The 10-day festival in Jeddah will showcase…

12,000-year-old camel carvings rewrite Arabian desert history

Archaeologists have discovered extraordinary life-sized animal carvings etched into cliff faces in Saudi Arabia's Nefud Desert, pushing back evidence of human habitation in northern Arabia by more than 2,000 years. The monumental rock art, published Tuesday in Nature Communications, dates…

Ancient network of ‘Walled Oases’ discovered in Arabian desert

A groundbreaking archaeological discovery has revealed a vast network of ancient walled oases in the Arabian Desert, dating back over 4,000 years, challenging long-held perceptions of the region as dominated solely by nomadic tribes and instead highlighting a complex civilization…