Leonardo, MAFA and BELTCON have been awarded the baggage handling system automation package contract for the new Terminal 2 expansion of Prince Mohammed bin Abdulaziz International Airport in Madinah, Kingdom […]
Saudi Arabia's increased oil exports may stabilize global markets, but ongoing geopolitical risks could still trigger future price volatility.
CryptoBriefing•Estefano Gomez21 Sept
U.K. Prime Minister Andy Burnham said Monday that Britain has agreed to provide limited military support to Saudi Arabia to repeal attacks by Iran-backed Houthi rebels in Yemen.
Britain's support may escalate regional tensions, complicating Saudi pipeline operations and impacting global energy markets and security dynamics.
CryptoBriefing•Estefano Gomez21 SeptThe Red Sea International Film Festival has drawn such Hollywood A-listers as Emily Blunt, Adrien Brody, Gwyneth Paltrow and Michael Caine.
Andy Burnham says he will urge Donald Trump to bring an end to conflict with Iran The UK has agreed to provide defensive air support to Saudi Arabia to help counter Houthi fighters and restore stability in the Middle East while driving down the cost of living at home, Andy Burnham has said, ahead of his first meeting with Donald Trump. The prime minister said he had agreed to a request for air-to-air refuelling of Saudi jets to defend energy infrastructure against the Iran-backed rebels and help keep oil flowing from the Gulf to ease global economic turmoil. Continue reading...
The Guardian•Pippa Crerar in New York21 Sept
The U.S. decision may signal a cautious stance on Middle Eastern conflicts, potentially affecting diplomatic relations and market expectations.
CryptoBriefing•Estefano Gomez21 Sept
The prime minister "defensive air-to-air refuelling" is to be provided following a request from Saudi Arabia, after it faced attacks from Houthi militants in Yemen.
BBC21 Sept
The new carmaker is a joint venture between the Saudi PIF and Foxconn.
Ars Technica•Chad Kirchner21 Sept
Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.
Cointelegraph•Cointelegraph by Nate Kostar21 Sept
Ceer revealed EXOBOT on Monday, the new flagship electric SUV and sedan from Saudi Arabia’s first EV brand and auto manufacturer. more…
Electrek•Peter Johnson21 Sept
The Czech government will reinstate price caps on gasoline and diesel from October 1 and tax refiners on 50% of any margin increase over 2025 levels, Reuters reported Monday, as Saudi Arabia's cut of October crude allocations to Europe compounds pressure from the closed Strait of Hormuz. According to Czech government statements, the price cap sets maximum gasoline and diesel prices daily, calculated as a three-day rolling average of four benchmarks (Orlen Unipetrol, MOL, ?EPRO and Platts quotations) plus a regulated margin of 2.50 crowns per liter…
Riyadh: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has sent a cable of condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the passing of Sheikh Ahmed bin Rashid Al Maktoum. In the cable, the Saudi Crown Prince said: "We received the news of the passing of your brother, Sheikh Ahmed bin Rashid Al Maktoum, may God have mercy on him, and we extend to Your Highness and to the family of the deceased our deepest condolences and sincere sympathy." He added: "We ask Almighty God to have mercy on him, forgive him, grant him a place in Paradise, and protect you from all harm. Indeed, He is the All-Hearing, the Responsive."
US president reportedly changed his mind over Saudi Arabia’s pleas for assistance as bombs were being loaded Houthi fighters are moving to seize strategic heights in Yemen that would cut the Red Sea coast off from areas held by Saudi-backed forces after Donald Trump called off US strikes on the group at the last minute, reportedly as bombs were being loaded on to aircraft. Amid increasingly heavy fighting in Yemen , which has displaced tens of thousands of people in recent weeks, the New York Times reported on Monday that the US president had flip-flopped wildly in recent days after a call from Saudi Arabia for US strikes on the Houthis. Continue reading...
The Guardian•Peter Beaumont Senior international correspondent21 Sept
Saudi Arabia's central bank dropped out of China's mBridge digital payment platform last year.
The conflict has opened a second front in the Middle East after the United States and Israel attacked Iran, adding to global uncertainty and turmoil in energy markets.
The New York Times•Vivian Nereim and Ismaeel Naar21 Sept
Saudi Arabia is weighing Washington’s refusal to help fend off Houthi attacks after Riyadh requested US assistance, despite the two countries being longstanding allies and President Donald Trump and his family maintaining close personal ties with Saudi leaders. France 24 International affairs commentator Douglas Herbert shares further details on this alliance.
The disruption in Saudi oil exports could exacerbate global supply volatility, impacting market stability and energy prices worldwide.
CryptoBriefing•Estefano Gomez21 Sept
Satellite images gathered by Bloomberg show supertankers with capacity for 14 million barrels at Saudi Arabia's Gulf export terminals over the weekend, the highest tanker count observed since at least June, according to data compiled from the European Union's Sentinel-2 satellite. Overall Hormuz traffic kept falling over the same weekend, nonetheless. Just a dozen commodity vessels crossed the strait, down from 35 a week earlier, and Thursday's crossings totaled four tankers against a 10-day moving average of 16, Kpler data cited by Reuters showed.…
Saudi Arabia's strategic oil export shift may influence global oil supply dynamics and regional geopolitical stability amid pipeline uncertainties.
CryptoBriefing•Estefano Gomez21 Sept