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Saudi Arabia

October 14, 2025

Riyadh 4:20 pm

33°C

Two Exchange Square in Central District. Hong Kong Stock Exchange (SEHK) is located in the this building.

Hong Kong exchange expands Gulf presence with new Dubai commodities arm

The emirate has positioned itself as a global commodities trading hub, with the UAE ranking second globally after the US in last year’s Commodity Trade Index.

United Arab Emirates

Former Uber CEO Travis Kalanick leaves the Phillip Burton Federal Building on day three of the trial between Waymo and Uber Technologies on February 7, 2018 in San Francisco, California.

Saudi Arabia grants citizenship to Uber co-founder, Red Sea Global CEO

Uber co-founder Travis Kalanick and Red Sea Global CEO John Pagano have been granted Saudi citizenship.

Latest News

Saudi investment minister visits Morocco, Senegal on Africa trade drive

Saudi Investment Minister Khalid Al Falih with Moroccan Industry Minister Riad Mezzour

Interview

Dar Global hints at Trump real estate deals in Saudi Arabia’s gigaprojects

Ziad El Chaar, Dar Global's chief executive officer. — Dar Global

Ziad El Chaar

Chief Executive Officer, Dar Global

World Bank ups Middle East 2025 economic outlook as oil, tourism rebound

A picture taken from a station of Dubai's Palm Monorail, shows traffic on a road in Palm Jumeirah on August 28, 2025.

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

A picture taken on July 14, 2022, ahead of a visit by the United States president to Saudi Arabia, shows hostesses in a car manufactured by US electric vehicle maker Lucid Group.

Analysis

Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla?

The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf.

Adam Lucente

By Adam Lucente , Jack Dutton

Russian arctic tanker

Analysis

What to expect as Russia's oil and gas woes impact Middle East

As Iran's expected retaliation against Israel threatens to upset geopolitical dynamics, Russian gasoline export restrictions are placing pressure on global oil and gas markets from another angle.

Paul J. Saunders

By Paul J. Saunders

In Washington, DC, reporting on Russia in the Middle East

Royal Saudi Air Force Panavia Tornado and F-15 Eagle fighter aircraft fly over during an airshow marking Saudi Arabia's 93rd National Day celebrations in Riyadh on September 23, 2023. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

Analysis

Saudi Arabia lures in Turkey’s defense giants as its military industry grows

Saudi Arabia is making big strides in its efforts to localize its defense industries.

Francesco Schiavi

By Francesco Schiavi

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

PEDRO PARDO/AFP via Getty Images

Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall

The bullish perspective follows the price of Brent crude falling amid the global stock downturn and coincides with Aramco buying a more than $700 million stake in a Saudi energy complex.

PEDRO PARDO/AFP via Getty Images

Saudi PIF signs deals worth up to $50B with six Chinese institutions

As one of the world’s largest sovereign wealth funds, the $925 billion Saudi PIF is already heavily invested in China.

A picture taken on Jan. 17, 2016, shows the headquarters of Saudi Basic Industries Corporation (SABIC) in the Saudi capital, Riyadh.

Saudi Arabia's SABIC sees second quarter profit rise by 85% to $580M

The company's results are encouraging news for the petrochemicals sector, which has been weathering a downturn since the COVID-19 pandemic.

KALAMAZOO, MICHIGAN - JULY 17: U.S. Vice President Kamala Harris attends a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan. (Photo by Chris duMond/Getty Images)

US election drama raises stakes for Mideast economic powers eyeing 2025

Britain's Prime Minister Keir Starmer delivers a speech during a visit to Hutchinson Engineering in Widnes, north of England, on July 25, 2024.

UK’s new government reboots trade talks with Gulf, Israel, Turkey

New British Prime Minister Keir Starmer has made economic growth a priority of his Labour government and has pledged to make the UK the fastest-growing economy in the G20.

Members of the public walk along the high street on March 21, 2024, in Lewes, England.

Gulf investment in UK real estate to hit $4B annually, says BLME

Research predicts that demographic trends and supply shortages will make the UK's real estate sector a more popular option for investors in the future.

Men wearing thawbs walk past a billboard promoting the transition to renewable energies at the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. The COP28 is bringing together stakeholders, including international heads of state and other leaders, scientists, environmentalists, indigenous peoples representatives, activists and others to discuss and agree on the implementation of global measures towards mitigating the effects of climate c

GCC’s renewable energy push pays off with Qatar, UAE taking lead

Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels.

Beijing

China’s Baosteel ups investment in Saudi steel plate venture to $1B

A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture.

ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images

Why G7's economic policy toward Russia might alienate Saudi Arabia

The G7 has seized hundreds of billions of dollars in Russia’s frozen assets in response to Moscow's 2022 invasion of Ukraine.