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The Latest Breaking News from Saudi Arabia

Jai Opetaia's big-money Saudi fight on the ropes

Cruiserweight world champion Jai Opetaia is still planning to fight Ellis Zorro in Saudi Arabia, despite the IBF threatening to strip the Aussie of his title.

AAP

Decoding Putin’s dramatic visit to the Gulf

Vladimir Putin's whirlwind tour to Abu Dhabi and Riyadh, followed by Raisi's visit to Moscow, signals Russia's commitment to regional stability and a multipolar world order, with China and Russia as guarantors.

The Hindu

Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal

The Sunday Times of London reports that the PIF could take a 60% share in Heathrow Airport alongside private equity group Ardian.

Fortune

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Jon Rahm has joined Saudis’ Guillotine Squad – and tarnished his legacy for ever

The Spaniard’s decision to take the LIV Tour money has echoes of the rebel cricket series in apartheid-era South Africa

The Guardian - UK

UN Climate Talks Home In On Fossil Fuel Deal

UN climate talks enter their endgame on Monday as negotiators seek to convince an increasingly isolated Saudi Arabia and other holdouts to give up their opposition to a historic phase-out of fossil fuels.

International Business Times

Saudi Arabia could take ‘effective majority control’ of London Heathrow

Investors may sell shares to oil-rich state’s Public Investment Fund, which already owns a stake, report says

The Guardian - UK

Saudi Arabia lacks community and political dignity to be a global football hub

Saudi’s football culture can only catch up to Europe and the US once its political conditions see massive change

The Guardian - UK

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Seeking Saudi Opportunity, Ethiopian Migrants 'Trapped Between Life And Death'

Ethiopian migrants who crossed the sea in pursuit of a better life have one goal in mind as they hide in the Saudi mountains: avoid border guards, and their deadly shots.

International Business Times

We Can’t Take Our Eyes Off Gwyneth Paltrow in Vibrant Yellow Carolina Herrera

Paltrow wore the look in Saudi Arabia at the 2023 Red Sea International Film Festival.

Marie Claire

Nicolas Cage, Gwyneth Paltrow and Andrew Garfield feature at ‘empowering’ Red Sea Film Festival

Star-studded event was held in Jeddah, Saudi Arabia

The Independent UK

Crude Rebounds as U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...

Barchart

Crude Prices Jump as the U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...

Barchart

‘A tough neighbourhood’: how Gulf scientists are reaching across political divides to help coral reefs

‘Peace parks’ that establish protected areas across borders are one idea from those working to protect marine ecosystems in a region rife with geopolitical sensitivities

The Guardian - UK

Saudi Arabia sports minister says ‘everyone’s welcome’ at 2034 World Cup

Saudi Arabia’s sports minister insists everyone will be welcome at the 2034 World Cup despite the country’s criminalisation of same-sex activity.

The National (Scotland)

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The Independent UK

Pay-per-view price revealed for Anthony Joshua and Deontay Wilder mega-card

‘AJ’ will box Otto Wallin and Wilder will fight Joseph Parker on the same card, in Saudi Arabia on 23 December

The Independent UK

Saudi Arabia makes 2034 World Cup promise amid LGBTQ+ fears

The Middle East country is all-but certain to host the finals in 11 years’ time.

The Hindu

COP28: will there be an agreement to phase out fossil fuels?

It’s the issue at the core of COP28: will this year’s U.N. climate talks, held in major oil producer the United Arab Emirates, produce the first global agreement to phase out fossil fuel use?

International Business Times

Spanish Ace Rahm Confirms Jump To LIV Golf

Reigning Masters champion Jon Rahm confirmed Thursday he is joining LIV Golf in a deal reportedly worth hundreds of millions of dollars, sealing a stunning coup for the Saudi Arabia-backed circuit.

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Barchart

Weakness in Crude Oil Persists on Oversupply Concerns

January WTI crude oil (CLF24 ) on Thursday closed down -0.04 (-0.06%), and Jan RBOB gasoline (RBF24 ) closed down -0.0190 (-1.43%). Crude oil and gasoline prices on Thursday extended Wednesday's sharp losses, with crude oil falling to a 5-1/4 month low and gasoline falling to a 1-year low. Concern...

Al Jazeera

Iran’s Raisi says ‘genocide’ unfolding in Gaza as he meets Russia’s Putin

Putin hosts Raisi as part of a blitz round of Middle East diplomacy after visits to the UAE and Saudi Arabia.

Barchart

Dollar Weakness Sparks Mild Short-Covering in Crude Oil

January WTI crude oil (CLF24 ) this morning is up +0.05 (+0.07%), and Jan RBOB gasoline (RBF24 ) is down -0.0193 (-0.95%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 1-year low. A weaker dollar today has sparked some mild short-covering in crude oil....

International Business Times

Putin, Saudi Leader Urge Oil Cooperation As Prices Flag

The leaders of Saudi Arabia and Russia used a rare face-to-face meeting to urge oil producers to stick to pledged supply cuts, a joint statement said Thursday.

Barchart

Crude Prices Sink on Global Oversupply Worries

January WTI crude oil (CLF24 ) on Wednesday closed down -2.94 (-4.07%), and Jan RBOB gasoline (RBF24 ) closed down -0.0801 (-3.80%). Crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

USA Today Sports Media Group

Unbeaten Muhammad Mokaev booked vs. Alex Perez at UFC’s Saudi Arabia debut

The UFC's inaugural event in Saudi Arabia is taking shape with the addition of a key flyweight bout between Muhammad Mokaev and Alex Perez.

Barchart

Crude Prices Plunge on Concern About Excess Global Oil Supplies

January WTI crude oil (CLF24 ) this morning is down -2.79 (-3.86%), and Jan RBOB gasoline (RBF24 ) is down -0.0780 (-3.70%). Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 5-month low and gasoline tumbling to a 1-year low. Concern about excess global...

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