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Saudi Arabia

April 21, 2025

Riyadh 10:05 am

29°C

Excess flammable gasses burning from gas flares at the Havana oil field, west of the multi-ethnic northern Iraqi city of Kirku, Oct. 17, 2017.

Analysis

Why low oil prices under Trump are unlikely to curb Middle East output

Prices stood around $100 a barrel in 2022, under the Biden administration, but hovered between $63 and $66 this past week.

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

This handout photo made available by the Iranian Army Office on April 17, 2025 shows Iran's Armed Forces Chief of Staff Major-General Mohammed Bagheri (L) receiving Saudi Arabia's Defense Minister Prince Khalid bin Salman (C) in Tehran on April 17, 2025.

Saudi defense chief meets Khamenei in historic Iran visit: What to know

Prince Khalid’s visit marks a further step in Iran and Saudi Arabia’s political reconciliation, but it comes at a tense time in the region, with the second round of US-Iran nuclear negotiations just two days away.

Jakarta

GCC-Indonesia economic ties deepen with Saudi MoUs, joint Qatar fund

Trade between Indonesia and the Gulf is rising and negotiations are underway for a GCC-Indonesia free trade agreement.

Latest News

David Petraeus, ex-CIA head, tapped to lead KKR's push into Mideast markets

Retired US army general, David Petraeus, speaks at the Qatar Economic Forum in Doha on May 15, 2024.

Analysis

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

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)

Amal Altwaijri

By Amal Altwaijri

In Washington, DC, reporting on Saudi Arabia

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

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

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

GREG BAKER/AFP via Getty Images

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Francesco Schiavi

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

Jennifer Gnana

Gulf Correspondent

In Dubai, reporting on Gulf energy policy and politics

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

Sabena Siddiqui

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

A general view shows the ADNOC Facility in Fujairah on November 28, 2023. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry.

United Arab Emirates

This picture taken from the Egyptian side of the border with the Gaza Strip, shows the war-ravaged city of Rafah on July 4, 2024, as the conflict between Israel and the Palestinian militant group Hamas continues.

Saudi Arabia condemns Netanyahu's Philadelphi Corridor statements

Saudi Arabia strongly condemned Israeli Prime Minister Benjamin Netanyahu's recent comments regarding the Israeli military presence in the Philadelphi Corridor.

A cargo ship is docked at the port of Yemen's Huthi-held city of Hodeida on July 28, 2024. Photo by -/AFP via Getty Images)

Saudi entity denies its ship hit as Houthis claim attack on Greek tanker

Saudi Arabia's national shipping company Bahri denied reports that its tanker Amjad came under attack by the Houthis, the Yemeni armed group that has stepped up attacks on oil tankers in the Red Sea.

Houthi ships

Two oil tankers come under attack in the Red Sea, sources say

Oil tankers transiting the Red Sea are facing renewed dangers while transiting one of the world's most critical chokepoints for crude.

King Abdullah Centre

Middle East fintech funding sees 650% spike in 2020-2023

Fintech is one of the most funded and transacted industries across the MENA region, according to a MAGNiTT report, accounting for 24% of all venture investment in the region in the first half of 2024.

China's foreign minister, Wang Yi (R), shakes hands with Saudi Arabia's foreign minister, Prince Faisal bin Farhan Al-Saud, before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023.

How significant is PIF's $50B China investment for Saudi ties?

Though Riyadh continues its efforts toward economic integration with Beijing, it still seeks to balance relations with both Beijing and Washington.

MBS Erdogan

Saudi, Turkish leaders call for pressure on Israel to end Gaza war

The two countries have repeatedly called for an end of the war in the Gaza Strip since it erupted last October.

Matthew Stockman/Getty Images

As main funder of Vision 2030, Saudi Arabia's PIF doubles down on domestic investments

Saudi Arabia’s wealth fund is doubling down on domestic investments to support plans to diversify beyond oil revenues, which have fueled the kingdom’s economy for decades.

Israeli Minister of National Security Itamar Ben Gvir takes part in the Jerusalem Day Flag March in the Old City on June 5, 2024 in Jerusalem.

Saudi Arabia, UAE speak out against Israeli far right's moves on Al-Aqsa

Riyadh and Abu Dhabi have called for an end to provocations at one of Islam's holiest sites amid comments by Israel's national security minister about building a synagogue on the site.

A vendor selling dates walks across a street in Islamabad on July 8, 2024, as cash-strapped Pakistan adopted a $68 billion budget laced with tax-raising measures on June 28, seeking to secure a new bailout from the IMF.

Pakistan to raise $4B from Middle East banks amid economic turbulence

For many years, Pakistan has relied on China and Gulf allies Saudi Arabia and the United Arab Emirates to roll over some of its debt to avoid having to repay it sooner.

Jennifer Gnana event

Al-Monitor expands Gulf coverage with new talent led by Jennifer Gnana

GIUSEPPE CACACE/AFP via Getty Images

Analysis

Saudi Arabia's oil revenue falls to three-year low as OPEC+ cuts bite

A low price environment and sustained production cuts have impacted Riyadh's ability to earn more oil revenue.

Jennifer Gnana

Samuel Wendel

By Jennifer Gnana , Samuel Wendel