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Saudi Arabia

August 16, 2025

Riyadh 12:40 am

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Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the market.

United Arab Emirates

Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi crown prince at the Royal Court in Riyadh, on May 13, 2025.

Starlink targets Saudi skies as Musk’s Middle East push rolls on

The satellite internet service operated by SpaceX had been on an expansion spree in the Middle East in 2025, most recently launching in Israel as it also targets a deal with Saudi Arabia's national airline.

purple lambos

Saudi Ferrari among $9.4M in cars seized during London 'supercar season'

Dozens of supercars were seized by London police last week during a popular time for the world's wealthy vehicle owners to tour the city.

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Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudi Arabia’s falcon auction aims to spin tradition into tourism gold

Visitors at the first night of the International Falcon Breeders Auction 2025 in Malham city on Aug. 5, 2025.

Saudi Arabia’s King Khalid airport sets record with 3.9M passengers in July

People wait for the arrival of relatives at King Khalid International Airport in the Saudi capital of Riyadh on the first commercial flight from Qatar on Jan. 11, 2021.

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

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

Sebastian Castelier

In Dubai, reporting on regional business

Former US President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. Donald Trump claimed victory and pledged to "heal" the country on November 6, 2024 as results put him on the verge of beating Kamala Harris in a stunning White House comeback. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Middle East markets rally after Donald Trump's election victory

Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%.

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen.

FAYEZ NURELDINE/AFP via Getty Images

China to issue up to $2B in bonds in Saudi Arabia as business ties deepen

The two countries have been deepening economic and trade ties to help each other meet strategic initiatives such as China’s Belt and Road Initiative with Saudi Arabia’s Vision 2030 plan.

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

How Trump, Harris presidencies could impact Middle East oil markets

Trump has favored a more interventionist approach toward OPEC, while the Biden-Harris administration has used the US' strategic petroleum reserves to influence oil policy

Republican presidential nominee, former U.S. President Donald Trump speaks at a campaign event on food security in a barn on the Smith Family Farm on September 23, 2024 in Smithton, Pennsylvania. The event, hosted by the Protecting America Initiative, led by former Trump acting director of national intelligence Richard Grenell, highlighted China ownership of nearly 250,000 acres of U.S. land, slightly less than 1% of foreign-held acreage. (Photo by Jeff Swensen/Getty Images)

Analysis

In Middle East, China's influence unconstrained by Trump, Harris

In theory, Beijing may favor the predictability of Harris over the uncertainty of Trump. But in practice, China did exceedingly well in the Middle East during Trump’s presidency and has successfully navigated challenges under the Biden-Harris administration

Joyce Karam

In Washington, DC, reporting on regional geopolitics, China in the Middle East

Participants arrive to attend the annual Future Investment Initiative conference in Riyadh, on Oct. 29, 2024.

Saudi Arabia's PIF signs $51B in MoUs with Japanese banks amid Asia push

The signings come amid the Future Investment Initiative this week in Riyadh, which attracted hundreds of international companies and investors to the kingdom.

Saudi Arabian Minister for Foreign Affairs Prince Faisal bin Farhan Al-Saud arrives at the BRICS summit in Kazan on October 24, 2024. (Photo by Alexander Zemlianichenko / POOL / AFP) (Photo by ALEXANDER ZEMLIANICHENKO/POOL/AFP via Getty Images)

Saudi-Israel normalization 'off table' until Palestinian statehood, FM says

Saudi Arabia's foreign minister has said that normalization with Israel will wait for progress on Palestinian rights.

HOLMES CHAN/AFP via Getty Images

Saudi Arabia's NEOM attracts $16B in private financing over 2 years

Saudi Arabia's flagship sustainability project has attracted substantial private investments and is looking for more.

AFP via Getty Images

Analysis

Algeria lines up energy deals with US, Saudi firms as clock ticks on gas export ambitions

Algeria has launched a rare licensing round for oil and gas projects as it chases new interest in its upstream sector.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources.

Aramco chief executive Amin Nasser speaks during the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

Saudi Aramco expects oil demand to average 104.5 million bpd in 2024

The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA.

BEIJING, CHINA - MARCH 17: Chinese Premier Li Keqiang (2nd-L) meets with Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd-R) at Great Hall of the People on March 17, 2017 in Beijing, China. At the invitation of President Xi Jinping, King Salman Bin Abdul-Aaziz Al-Saud of the Kingdom of Saudi Arabia will pay a state visit to China from March 15 to 18, 2017. (Photo by Lintao Zhang - Pool/Getty Images)

In first, Saudi Arabia to begin trading China-focused ETF: What we know

The ETF, which will begin trading on the Saudi Stock Exchange, has raised more than $1.2 billion.