Saudi Arabia

Oil market spectators anticipate a decrease in gasoline prices in the coming months, thanks to Saudi Arabia’s production cuts that have led to high crude prices. According to a report by Business Insider, energy expert Paul Sankey expressed his views on CNBC. He stated that the...

Saudi Arabia is on the path to secure a defense pact with the U.S., with conditions tied to the establishment of diplomatic relations with Israel. Three sources familiar with the matter have revealed to Reuters that Saudi Arabia is determined to secure a military arrangement in which the U.S....

California-headquartered EV maker Lucid Group Inc. (NASDAQ:LCID) has received an operating license to start car production in Saudi Arabia. What Happened: The license allows for production within the Special Economic Zone of King Abdullah Economic City, or KAEC. “We congratulate Lucid...

Jared Kushner may retain the controversial Saudi investment in his private equity firm, even if his father-in-law, Donald Trump, is reelected as U.S. president. What Happened: In an interview with Fox News aired on Wednesday, Saudi Crown Prince Mohammed bin Salman...

Saudi Crown Prince Mohammed bin Salman insists that all parties involved in the assassination of journalist Jamal Khashoggi are currently behind bars. This statement comes ahead of the five-year remembrance of the journalist’s murder, The Hill reported. In a rare...

To gain an edge, this is what you need to know today. Difficult Fight Against Inflation Please click here for a chart of oil futures that represent West Texas Intermediate. Note the following: The chart is of West Texas Intermediate crude (WTI). WTI, as tracked by the United States...

Just months after leaving the White House in 2021, Jared Kushner secured a $2 billion investment from a Saudi crown prince-led fund, despite objections from the fund’s advisers about the deal. A panel that screens investments for the Saudi sovereign wealth fund expressed concerns about...

Once again in the spotlight, Brent crude oil prices, are at their highest levels this year. This is largely due to anticipated further reductions in oil output from major exporting countries. In a surprising move, Saudi Arabia has hinted at even more significant production cutbacks in the near...

Saudi Arabia and Russia announced Tuesday an extension of crude oil production cuts until December, sending shockwaves through the energy market. The move, which came on a longer time frame than initially anticipated by market participants, is set to have a profound impact on oil prices and...

Democratic Congressman Jamie Raskin is urging the House Oversight Committee to inspect Donald Trump‘s son-in-law Jared Kushner’s financial dealings, particularly his $3 billion private equity fund, Affinity Partners, Business Insider reported. Raskin has...

A Saudi court has pronounced a death sentence on a man for his social media posts on Elon Musk-owned X platform — formerly known as Twitter — marking the severe intensification of a crackdown on dissent, sparking international condemnation. As per AP News, the judgment against Mohammed bin Nasser...

A man in Saudi Arabia has been given a death sentence for his criticism of the national leadership via X, formerly known as Twitter, as reported by NPR. The man, Muhammad al-Ghamdi, is a father of seven and a retired teacher. He ran two anonymous accounts on the platform where he shared...

A potential bid from China to construct a nuclear power plant in Saudi Arabia is reportedly under consideration. What Happened: The move is aimed at exerting pressure on the Joe Biden-administration, pushing them to compromise on their conditions for U.S. assistance in Saudi Arabia’s pursuit...

The inclusion of Saudi Arabia and the United Arab Emirates (UAE) in the BRICS group signifies a shift in their reliance on the U.S., reported the South China Morning Post on Friday. What Happened: The successful bids of Saudi Arabia and the UAE, the Middle East’s two largest economies, to...

BRICS has extended invitations to six nations for new membership, per the decision made at a summit held this week in Johannesburg, Arab News reported. On Thursday, South African President Cyril Ramaphosa announced that Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates (...