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Hanwha Aerospace Co. is in advanced discussions with Saudi Arabia over potential arms collaboration as the Middle East becomes the company’s main focus, according to the head of its global defense business. The burgeoning opportunities in the region are a major reason South Korea’s largest defense contractor decided to announce a share-sale plan last month to raise … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia and Qatar have said they will settle Syria’s outstanding debt to the World Bank, in a step that will help the conflict-ravaged country access funding for postwar reconstruction and public-sector salaries. The funding … Read more
The Saudi Arabian Grand Prix starts just before Easter. We’re looking at some of the most amazing tracks, with many tricky curves and long-haul, high-speed sections. Looking to stream the F1 Saudi Arabia Grand Prix for free? Well, you’ll find no luck on conventional streaming platforms. Luckily, there’s a free channel that streams the F1 Saudi … Read more
Riyadh, Saudi Arabia. Johnnygreig | E+ | Getty Images Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia’s budget deficit, a Goldman Sachs economist warned. The bank’s outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and … Read more
Tesla Cybertruck Courtesy: Tesla Tesla, Inc. is debuting sales in Saudi Arabia, the oil-rich kingdom whose long desert highways are home to gas-guzzling SUVs — and where there are no chargers to be found for hundreds of miles. The American electric vehicle maker is hoping that success in neighboring countries like the United Arab Emirates … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia has arrested more than 50 suspects for crimes including prostitution and begging after Crown Prince Mohammed bin Salman ordered the creation of a unit to police “immoral acts”, following years of loosening the … Read more
If Ukraine and the U.S. reach some sort of understanding acceptable to Trump, that could accelerate his administration’s push to talks. Read More
Saudi Arabia is viewed through an increasingly outdated lens. It helps to actually go there. Read More
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023. The … Read more
Olam shares jumped by over 5% in Monday trading, following the announcement. Read More
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