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The Latest Breaking News from Saudi Arabia

Ferrari needs to make more of its F1 opportunities in 2024 – Vasseur

Ferrari was beaten by Mercedes to second in the 2023 constructors' championship in Abu Dhabi by three points after both teams went through a season full of ups and downs with their peaky cars. Just like its counterpart from Brackley, Ferrari started off on the wrong foot in Bahrain with…

Motorsport

Saudi Wealth Fund Scoops Up 10% Of London Heathrow Airport

Saudi Arabia's sovereign wealth fund is to buy ten percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose departure from the hub after almost two decades leaves Qatar as its biggest shareholder.

International Business Times

Vasseur: Ferrari needs to make more of its opportunities in F1 2024

Ferrari was beaten by Mercedes to second in the 2023 constructors' championship in Abu Dhabi by three points after both teams went through a season full of ups and downs with peaky cars. Just like its counterpart from Brackley, Ferrari started off on the wrong foot in Bahrain with a…

Autosport

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Saudi Arabia’s wealth fund takes 10% stake in Heathrow airport

Spanish firm Ferrovial sells off holding after 17 years, with other 15% going to French group Ardian

The Guardian - UK

US economy grew faster than expected as businesses ramped up investment – as it happened

Rolling coverage of business as US revises up GDP growth in third quarter to fastest pace since 2021

The Guardian - UK

Cristiano Ronaldo Museum Opens In Saudi Arabia

The CR7 Signature Museum was experienced by the player himself before it opened its doors to the public earlier this month.

International Business Times UK

Saudi Arabia’s Riyadh selected to host World Expo in 2030

Country also expected to host 2034 World Cup achieves latest in series of wins for Gulf states on international events.

Al Jazeera

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Crude Prices Close Higher on Dollar Weakens and Energy Demand Optimism

January WTI crude oil (CLF24 ) on Tuesday closed up +1.55 (+2.07%), and Jan RBOB gasoline (RBF24 ) closed up +0.0472 (+2.20%). Crude oil and gasoline prices Tuesday closed moderately higher. Tuesday's slump in the dollar index (DXY00 ) to a 3-1/2 month low was bullish for energy prices. Crude...

Barchart

Crude Prices Gain on Dollar Weakness and Strong Economic News

January WTI crude oil (CLF24 ) this morning is up +1.93 (+2.58%), and Jan RBOB gasoline (RBF24 ) is up +0.0578 (+2.69%). Crude oil and gasoline prices this morning are moderately higher. Today's slump in the dollar index (DXY00 ) to a 3-1/2 month low is bullish for energy prices....

Barchart

India has major role in promoting peace globally: Saudi envoy

Arab nations urge India to play key role in sustaining peace, stability in world. Saudi Ambassador calls for permanent ceasefire in Gaza Strip. Arab-Islamic Foreign Ministers tour world capitals to explain need for peace, ceasefire.

The Hindu

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

Fortune

Crude Prices Fall as OPEC+ Members Disagree on Crude Production Quotas

January WTI crude oil (CLF24 ) on Monday closed down -0.68 (-0.90%), and Jan RBOB gasoline (RBF24 ) closed up +0.0088 (+0.41%). Crude oil and gasoline prices on Monday settled mixed. Crude prices are under pressure from a dispute among Saudi Arabia and other OPEC+ members on crude production levels....

Barchart

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

Climate scientists say fossil fuel use needs to fall rapidly – but oil-rich kingdom is working to drive up demand

The Guardian - UK

Sunak woos business elite with royal welcome – but they seek certainty

Bosses have doubts despite glitzy summit seeking investment from US, Saudi Arabia and others

The Guardian - UK

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Barchart

Crude Prices Slip on a Rift Among OPEC+ Members on Crude Production

January WTI crude oil (CLF24 ) this morning is down -0.31 (-0.41%), and Jan RBOB gasoline (RBF24 ) is up -0.0120 (+0.56%). Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure from a stronger dollar and a dispute among Saudi Arabia and other OPEC+ members...

International Business Times

Italy And Saudi Arabia Discuss Expanding Cooperation In Oil, Gas and Mining

A high-level meeting between Italian and Saudi officials took place Monday ahead of this week's landmark international climate conference.

The Guardian - UK

UK ministers approved £60m payments to Saudi royals to maintain arms deal, court told

Payments allegedly facilitated by senior government and military figures to secure arms contracts for British firms

FourFourTwo

WATCH: Cristiano Ronaldo visits his own CR7 museum and waxwork in Saudi Arabia

The Portuguese has posed alongside a new wax figure in Riyadh after the opening of a new space showcasing his football story

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LiveScience

Ancient 20-inch-long hand ax discovered in Saudi Arabia may be world's largest

What may be the world's largest prehistoric hand ax, measuring over 20 inches long, was found in Saudi Arabia.

FourFourTwo

Newcastle United WILL look to Saudi Arabia for players in January, and here’s is why

The Premier League stakeholders vote is a lifeline that could save Eddie Howe’s injury headaches and possibly Newcastle’s season

The Guardian - US

Revealed: how top PR firm uses ‘trust barometer’ to promote world’s autocrats

Edelman, world’s largest public relations company, paid millions by Saudi Arabia, UAE and other repressive regimes

The Guardian - UK

Houthi attacks on Israel jeopardise Saudi peace efforts in Yemen

US reportedly willing to attack Houthi military sites unless Houthis release Israeli-linked ship seized on Sunday

Al Jazeera

What’s behind the Arab-Islamic ministerial tour of UNSC states?

By starting in China, the committee may be trying to gather global support to present to nations so far backing Israel.

The Independent UK

Blackpool’s Jake Daniels calls Jordan Henderson’s move to Saudi Arabia a slap in the face

Daniels is the only openly gay male professional footballer in the UK

International Business Times UK

Lionel Messi vs Cristiano Ronaldo Final Showdown Confirmed By Saudi Arabia

However, Messi's club, Inter Miami CF, has denied its participation in the event, leading to some confusion.

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