‘Iran is in for the long haul’ with oil tanker hijacks, expert says

Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran over the weekend marked at least the sixth vessel hijacked by Iran and its proxies in response to … Read more

Rumy Alqahtani miss universe: In a first, Saudi Arabia to now take part in Miss Universe 2024 competition

In a first, Saudi Arabia is poised to make its debut appearance in the Miss Universe pageant, signaling a significant milestone for the nation. Rumy Alqahtani, a seasoned participant in beauty pageants and a notable influencer, revealed the news of her country’s representation in one of the world’s most prestigious pageants via her social media … Read more

Saudi Arabia is building the world’s first Dragon Ball Z theme park

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany.  Lukas Schulze | Getty Images News | Getty Images Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as … Read more

Trump’s Lawyer Won’t Deny If He’s Asked Russia, Saudi Arabia For Bond Money

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone. Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting … Read more

Saudi Arabia in talks with Andreessen Horowitz to create AI fund

PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Sergei Bobylev | TASS via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to … Read more

Saudi Arabia wealth fund in talks to acquire national airline Saudia: Report

Boeing 787 Dreamliner Saudi Arabian. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino (Italia), Nov. 11, 2021 Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images Saudi Arabia’s behemoth sovereign wealth fund is in talks to buy the kingdom’s national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. The reported move … Read more

Abu Dhabi-backed newspaper buyout is sparking panic

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023. Getty Images DUBAI, United Arab Emirates — Mansions, university facilities, think tanks, sports teams — the U.K. is no stranger … Read more

Saudi oil giant Aramco posts 25% fall in full-year profit

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada.  Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported … Read more

Oil prices slip after OPEC+ extends voluntary oil output cuts

Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded … Read more

Saudi Arabia Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024

Riyadh first announced its voluntary cut after an OPEC+ meeting in June 2023 Riyadh: Saudi Arabia announced on Sunday it would extend oil supply cuts through June as part of a bid to prop up prices. An energy ministry source announced Riyadh “will extend its voluntary cut of one million barrels per day, which was … Read more