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Saudi Arabia

December 23, 2025

Riyadh 8:44 am

9°C

Saleh Al-OBEIDI / AFP via Getty Images

Yemeni ministries declare support for STC campaign as Gulf tensions flare

Yemen's Saudi-backed government criticized the statements in support of the Southern Transitional Council, which is supported by the UAE, as Gulf states deliberate on how to move forward.

Traffic moves on Sheikh Zayed Road in Dubai on March 24, 2025.

Analysis

Gulf finance hubs race to expand as hedge funds flock to Dubai, Abu Dhabi

The Gulf’s top financial hubs have posted another strong year in 2025, with the UAE spearheading a regional push to attract hedge funds, asset managers, crypto and fintech firms as regional neighbors target growth of their own.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Solar panels in a Sinai desert, Egypt.

Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint

Gulf companies have been increasing their investments in North African renewable energy.

Latest News

Saudi Arabia cements ties with Sudan during Burhan visit as UAE rivalry heats up

Sudanese leader Gen. Abdel Fattah al-Burhan meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Dec. 15, 2025.

Exclusive

Inside Netanyahu’s pressure campaign to block Turkey, Saudi Arabia from acquiring F-35s

WASHINGTON, DC - APRIL 07: Israeli Prime Minister Benjamin (L) talks to U.S. President Donald Trump during a meeting in the Oval Office of the White House on April 7, 2025 in Washington, DC. President Trump is meeting with Netanyahu to discuss ongoing efforts to release Israeli hostages from Gaza and newly imposed U.S. tariffs. (Photo by Kevin Dietsch/Getty Images)

In Tel Aviv, reporting on national security, Israeli politics, defense

Samuel Wendel

Senior Market Research Analyst

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

Sebastian Castelier

In Dubai, reporting on regional business

Alireza Bigdeli (R).

Saudi Arabia, Iran exchange ambassadors as thaw continues

The exchange of ambassadors between Saudi Arabia and Iran is the first since 2016 and follows the resumption of relations between the two countries in March.

Russian President Vladimir Putin (L) meets with Saudi Arabia's Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, on October 14, 2019. (Photo by Alexey NIKOLSKY / SPUTNIK / AFP) (Photo by ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images)

Oil prices surge as Saudi Arabia, Russia extend 1.3 million barrel cut through December

The production cuts by Saudi Arabia, Russia and the OPEC+ alliance have succeeded in keeping oil prices up but have also had some negative effects on the Saudi economy.

FAYEZ NURELDINE/AFP via Getty Images

Saudi-China cooperation strengthens with stock exchange deal

China is growing closer to Saudi Arabia politically and economically as business deals pile up.

Huawei

China’s Huawei opens cloud data center in Riyadh to grow MENA footprint

The Chinese telecoms giant said in February it would invest $400 million in Saudi Arabia's cloud region over the next five years.

US President Joe Biden (L) and Saudi Crown Prince Mohammed bin Salman (R) arrive for the family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022.

Analysis

US-Saudi diplomacy gives lifeline to Palestinian leadership, two-state solution

How big is Assad’s Suwayda problem?

Week in Review

Andrew Parasiliti

By Week in Review , Andrew Parasiliti

President of Brazil Luiz Inacio Lula da Silva speaks during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 22, 2023. (Photo by GIANLUIGI GUERCIA / AFP) (Photo by GIANLUIGI GUERCIA/AFP via Getty Images)

Brazil set to capitalize on Saudi-UAE competition as investments take shape

South America’s largest economy has been actively engaging with the UAE and Saudi Arabia under newly reelected President Luiz Inácio Lula da Silva.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

ANGELA WEISS/AFP via Getty Images

Saudi sovereign wealth fund invests in US mixed martial arts league

The new area of sports investment follows major Saudi investments in golf and soccer.

A traveler walking at the Red Sea coastal city of Jeddah's King Abdulaziz International Airport.

Israel’s Netanyahu thanks Saudi Arabia for plane landing amid normalization push

A plane carrying Israelis made an emergency landing in Saudi Arabia. The United States has been pushing for normalization between the two countries, but the kingdom remains publicly committed to Palestinian statehood as a pre-condition.

Aramco

Saudi Arabia’s foreign reserves shrink by $16B in July amid oil cuts

The kingdom’s net foreign assets declined to 1.53 trillion riyals ($407 billion), according to the central bank’s monthly report published on Monday.

A man walks by Tadawul, Saudi Arabia's stock exchange, Riyadh, December 12, 2019.

Saudi Arabia’s ADES to launch IPO

ADES rebooted its plans for an initial public offering, having delayed it earlier in the year after the kingdom’s stock exchange experienced difficulties.

ADEM ALTAN/AFP via Getty Images

Turkey, Saudi Arabia ink critical mineral cooperation deal

Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister.

Saudi stock

Analysis

Tadawul posts losses but Saudi markets remain fundamentally strong

'A bit of a correction' sheds some prior gains on the Saudi stock index, but professionals see reasons to keep investing in the kingdom.

Harry Clynch

By Harry Clynch

In London, reporting on Middle East economics