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Saudi Arabia

August 28, 2026

Riyadh 3:55 pm

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France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Latest News

Houthis claim strike on Saudi oil tanker off Yanbu: What to know

Supporters of Yemen's Houthi rebel movement carry a mock rocket as they demonstrate in the capital, Sanaa, to denounce a reported air strike by the Saudi-led coalition on a prison in the country's rebel-held north, on Jan. 21, 2022.

Saudi crown prince heads to France as ties deepen: What to expect

LUDOVIC MARIN/AFP via Getty Images

Houthis claim new strikes on Saudi Arabia after IRGC warning: What to know

MOHAMMED HUWAIS/AFP via Getty Images)

Samuel Wendel

Senior Analyst, Middle East Business & Tech

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Iranian Muslim pilgrims head to Saudi Arabia's Mount Arafat, also known as Jabal al-Rahma or Mount of Mercy, during the climax of the Hajj pilgrimage, on June 27, 2023.

Saudi airline to resume Hajj flights to Iran after 10-year hiatus: What to know

A Saudi-operated flight landed in Tehran last weekend as Iran and Saudi Arabia seek to expand their air connectivity.

Qatar's Emir Sheikh Tamim bin Hamad Al Thani (R) sits next to US President Donald Trump as he speaks to Boeing CEO Kelly Ortberg (L).

Analysis

Trump’s Gulf trip lifts embattled Boeing with Qatar, UAE deals

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

BRENDAN SMIALOWSKI/AFP via Getty Images

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague.

TOPSHOT - Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City on April 7, 2025. According to official news agencies, Kuwait's primary index fell 5.7 percent, the Qatari stock exchange was down 4.2 percent, and in Oman, the Muscat stock market closed with a 2.6-percent decline. Under Trump's policy, goods from Saudi Arabia, Kuwait, Qatar, Oman and the United Arab Emirates will be subject to a 10-percent "baseline" tariff. The uncertainty over trade and manufacturing has helped t

Analysis

Gulf wealth funds weather US stock dip, target Amazon, Bitcoin in Q1

We take a look at the region’s exposure to American equities as the US president departs the Gulf.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US President Donald Trump looks on as Saudi Crown Prince Mohammed bin Salman greets the crowd during the Saudi-US investment forum at the King Abdul Aziz International Conference Center in Riyadh on May 13, 2025. Saudi Arabia on May 13 promised billions of dollars in deals with the United States from defence to artificial intelligence as it threw a lavish welcome for President Donald Trump on the first state visit of his second term. (Photo by Fayez NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty I

Analysis

Trump’s Gulf tour alarms Iran as it fears isolation, shifting alliances

Sanctions-hit Iran is anxiously watching Trump clinch multibillion-dollar trade deals with regional heavyweights, yet it is finding a moment of relief in the "sidelining" of Israel.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

A member of Saudi security forces stands next to a replica of a fighter jet of the Saudi armed forces during the daily media briefing on Operation Decisive Storm, the Saudi-led coalition carrying out air strikes against Shiite Huthi militia in neighboring Yemen, on April 2, 2015 at the Air Base of the Saudi capital Riyadh.

US signs $142B deal to upgrade Saudi military

Announcement says the US will help modernize Riyadh’s air force and space capabilities, air and missile defenses, maritime and coastal fleet and border security forces, White House says.

FAYEZ NURELDINE/AFP via Getty Images

US, Saudi Arabia ink $600B economic pact amid AI, energy deals

The economic partnership agreement includes energy, mining and defense pacts, according to a White House readout.

President Donald Trump meets with Saudi Crown Prince Mohammed bin Salman during a “coffee ceremony” at the Saudi Royal Court on May 13, 2025, in Riyadh, Saudi Arabia.

Trump to lift Syria sanctions, meet with Sharaa in Saudi Arabia

President Donald Trump said his administration would take steps to normalize relations with Syria’s fledgling government.