As tankers divert from Red Sea, booming US oil gets another boost

Al HUDAYDAH, YEMEN – JULY 17: Yemen’s replacement oil tanker Nautica floats over its arrival to Al Hudaydah port in the Red Sea on July 17, 2023 in Hudaydah, Yemen. The United Nations handed over the replacement vessel Nautica to the Sana’a government to transfer the crude oil from the deteriorating supertanker to prevent a … Read more

Saudi Arabia sports push embraces snooker, with a golden ball

Ronnie O’Sullivan poses with the trophy after winning against Judd Trump on day 7 of the 2024 Spreadex World Grand Prix at Morningside Arena on January 21, 2024 in Leicester, England. Tai Chengzhe | Visual China Group | Getty Images Saudi Arabia will hold its first major invitational snooker event in March as the kingdom … Read more

Saudi’s soccer dream suffers a setback with star departure

Jordan Henderson acknowledges the crowd after the Saudi Pro League match between Al-Ettifaq and Damak at Prince Mohamed bin Fahd Stadium on Sept. 2, 2023 in Ad Dammam, Saudi Arabia. Francois Nel | Getty Images Sport | Getty Images England international Jordan Henderson abruptly ended his playing time in Saudi Arabia’s Pro League, dealing a … Read more

Democratic Lawmakers Plan Push To Get Controversial Biden Adviser Out Of Office

Democrats in the House of Representatives are discussing asking President Joe Biden for the resignation of Brett McGurk, his deeply controversial Middle East adviser, according to a Democratic lawmaker and a senior congressional aide. Led by progressives who see McGurk as driving a counterproductive Middle East policy with an unacceptable human rights toll, the effort … Read more

The Israel-Hamas war is affecting traveler confidence and bookings

The Israel-Hamas war is affecting travel across the Middle East and beyond. International arrivals to the region grew in the fourth quarter of 2023 — mainly owing to an increase in visitors to Saudi Arabia — to a level that matched 2019 numbers, according to the travel data company ForwardKeys. But it’s a far cry … Read more

Biden Official Pushing Controversial Post-Gaza Plan

Top White House official Brett McGurk is quietly floating a controversial plan to reconstruct Gaza after Israel’s assault concludes, HuffPost has learned, despite serious concerns from some officials inside the administration that it would sow the seeds for future instability in the region. In recent weeks, McGurk has been pitching national security officials on a … Read more

Saudi Arabia nearly doubles estimate for the value of its mineral resources

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom’s untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources … Read more

Oil falls more than 4% as Saudi price cut heightens global demand worries

An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil declined more than 4% on Monday after Saudi Arabia slashed its prices, raising renewed worries that the market is oversupplied at the same time as demand is weakening. The West … Read more

Blinken to meet with leaders of Saudi Arabia, UAE

U.S. Secretary of State Antony Blinken waves as he boards an aircraft during his departure from Washington to travel to the Middle East, amid the Israel-Hamas conflict, at Joint Base Andrews, Maryland, U.S., January 4, 2024.  Evelyn Hockstein | Reuters DUBAI, United Arab Emirates — U.S. Secretary of State Antony Blinken is due to meet … Read more

Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC

Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi … Read more