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Saudi Arabia

August 28, 2026

Riyadh 7:06 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

NEW YORK, NEW YORK - SEPTEMBER 12: People walk by PricewaterhouseCoopers (PwC) New York headquarters after the company announced a major restructuring on September 12, 2024 in New York City. PwC LLP will let go of up to 1,800 US employees next month as the accounting firm shifts to in-house technology developers and streamlines its advisory practice. (Photo by Spencer Platt/Getty Images)

Analysis

Saudi Arabia-PwC split signals shift to local consultancies: What to know

The Saudization of the consultancy sector is not a compliance exercise but instead amounts to a strategic realignment that challenges the long-standing, but outdated, assumption that foreign expertise is inherently superior.

Amal Altwaijri

By Amal Altwaijri

In Washington, DC, reporting on Saudi Arabia

People walk past the New York Stock Exchange on Wall Street on April 11, 2025, in New York City.

Where Middle East’s top investors stand as tariffs roil US bond market

GREG BAKER/AFP via Getty Images

China courts Gulf, BRICS allies as trade war with US escalates

Since US President Donald Trump announced reciprocal tariffs on more than 180 countries on April 2, Beijing has stepped up engagement with Riyadh.

Florian Wiegand/Getty Images

Mideast markets rebound with tariff suspension after top Gulf firms suffer $100B rout

A global stock rally on April 10 followed a major sell-off in the Gulf, driven by a policy reversal from US President Trump suspending tariffs.

An aerial view of the Cheniere Energy liquefied natural gas plant, on Feb. 10, 2025, in Port Arthur, Texas.

UAE's Mubadala makes first US gas play in wave of Gulf LNG investment

Other Gulf energy majors such as Saudi Aramco and ADNOC have already made significant investments in US LNG.

United Arab Emirates

JEDDAH, SAUDI ARABIA - MARCH 11: Saudi Foreign Minister Faisal bin Farhan hosts talks between the US and Ukraine on March 11, 2025 in Jeddah, Saudi Arabia. An American delegation led by US Secretary of State Marco Rubio is in Jeddah to attend a high-stakes meeting with Ukrainian officials, in efforts to lay the groundwork for peace negations to end Russia's war in Ukraine. The talks come after Zelensky met with Saudi Crown Prince Mohammed bin Salman on Monday, and in the wake of a recent rift in US-Ukraine

Saudi FM in Washington to lay groundwork for Trump visit, address tariffs

The prince's main agenda is to prepare for Donald Trump's first foreign trip overseas to Riyadh in May.

oil field

After steep fall, oil prices slightly recover following Trump tariff pause

Over the last week, oil prices have plummeted amid the escalating trade war between the United States and China.

Alex Wong/Getty Images

Analysis

Trump tariffs could disrupt Gulf’s IPO hot streak as markets sink

New US tariffs have roiled markets worldwide and initial public offerings should not be expected to escape unscathed.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Wright

US energy secretary to tour Gulf amid oil market pressure, Iran talks

US Energy Secretary Chris Wright is expected to meet with several Gulf leaders during his trip as the region grapples with lower oil prices after President Donald Trump imposed universal tariffs last week.

A trader walks by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. - Saudi's stock exchange fell 6.5 percent and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Oil prices fall as Gulf economies grapple with Trump’s tariffs: What to know

Falling oil prices could negatively impact the budgets of Gulf states and are coinciding with losses in the region’s stock markets.

The Netflix stand at the Red Sea International Film Festival 2023, Jeddah, Saudi Arabia, Dec. 3, 2023.

Analysis

In challenge to Netflix, local Middle East streaming services see robust growth: What to know

The Saudi MBC Group reported a staggering 515% surge in net profits in 2024 with its Shahid steaming service building its edge over Netflix.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech