Saudi cabinet affirms desire to avoid war and have stable oil markets in face of heightened Iran tensions

Saudi Arabia's cabinet took the step of affirming the Kingdom's desire to avoid regional conflict and ensure stable oil markets as tensions between Iran and the United States simmer, according to the state-run Saudi Press Agency and Reuters.

Saudi Arabia

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Appetite for Saudi Arabia tested by latest jumbo loan

Saudi Arabia’s Public Investment Fund (PIF) has attracted only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources say, suggesting the kingdom ...


Houthi Attack

Yemen’s Houthis say they launched second drone attack on airport in Saudi Arabia

On Tuesday, Houthi rebels said they targeted the airport in Najran with a Qasef-2K drone, striking an "arms depot." Najran, 840 kilometers (525 miles) southwest ...


Oil Markets

Saudi cabinet affirms desire to avoid war, stabilize oil markets

Saudi Arabia’s council of ministers reiterated the country’s commitment to balancing global oil markets and preventing regional conflict amid tensions between Iran and the United ...



Saudi Arabia to buy U.S. LNG from Sempra Energy: WSJ

Saudi Arabian Oil Co, known as Aramco, has agreed to buy U.S. liquefied natural gas (LNG) from San Diego-based Sempra Energy’s Port Arthur project in ...



Saudi Arabia’s Ministry of Housing, US’s Katerra to build 4,100 homes

The homes will be offered to beneficiaries that meet Housing Development Programme’s criteria, which is designed to provide residential options to families in the kingdom. ...


Tahakom Comprehensive

Saudi Wealth Fund Is Said to Plan IPO of Traffic Monitoring Firm

Tahakom Comprehensive is working with Saudi Fransi Capital on the possible sale of a 30% stake, the people said, asking not to be identified as ...


Red Sea Project

Saudi Arabia Seeks Private Money to Transform Red Sea Beaches

The first phase of the Red Sea project, due to be to be completed in 2022, will include 14 hotels and a commercial airport. The ...



Saudi Telecom Company : Infographic

As the leading information and communication technology provider in the Kingdom of Saudi Arabia, Saudi Telecom Company (STC) uses integrated data and advanced analytics to ...



Saudi Arabia’s Education Ministry pumps $500m into public school projects

Saudi Arabia is spending more than $500 million on building education “complexes” that will serve 90,000 students in major urban centers. ...


U.S.-Saudi Relations

Saudi Arabia and United Arab Emirates to attend Trump’s “economic workshop”

Representatives from two wealthy Gulf states, the United Arab Emirates and Saudi Arabia, announced on Tuesday that they will attend the economic gathering next month ...


Saudi +

Regional and related topics


Top officials say US doesn’t want war with Iran

After Tuesday’s closed-door briefings on Capitol Hill, Secretary of State Mike Pompeo and Acting Defense Secretary Patrick Shanahan said their objective over recent days has ...



Iran’s Rouhani rejects talks with Washington

Iranian President Hassan Rouhani rejected talks with the United States on Tuesday, after President Donald Trump said Iran would call and ask for negotiations “if ...



U.S. Will Go to War With Iran ‘Within Next Few Years,’ Half of Americans Believe

A survey of about 1,000 adults conducted between May 17-20 by Reuters and Ipsos indicated that 51 percent believed the U.S. would go to war ...



Russia’s Economy Gives Putin Reasons Not to Extend OPEC+ Deal

The OPEC+ pact is hurting the Russian economy, potentially giving President Vladimir Putin a reason not to agree on an extension of the deal. While higher ...



Commentary: Iran’s aggressions the focus of ’emergency’ Arab summit

Actually, there are two summits being planned: one for members of the Arab League, whose definition of “Arab” stretches from Mauritania to the Comoros Islands. ...



Turkey preparing for possible U.S. sanctions over S-400s: minister

Turkey’s defense minister said it was preparing for potential U.S. sanctions over its purchase of Russian S-400 missile defense systems, even while he said there ...



Turkey: Where to go when the cash runs low

Turkey is struggling to support the ailing lira, which has lost more than 40% of its value over the past two years, and with foreign ...



How Yemen’s rebels increasingly deploy drones

The Qatef, or "Striker," it added, "is virtually identical in design, dimensions and capability to that of the Ababil-T, manufactured by the Iran Aircraft Manufacturing ...



U.S. warns Assad against using chemical weapons

The U.S. State Department warned the Bashar al-Assad government in Syria that its military operations were being closely watched, specifically concerning allegations that it used ...



With Sudan talks deadlocked, protest group calls strike

Sudan’s main protest group called on Tuesday for a general strike, saying two late-night negotiation sessions with the military had failed to reach a deal ...


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