The Latest Breaking News from Saudi Arabia

Oil price up after Saudi Arabia cuts output; UK mortgage rates and car sales rise – as it happened

Rolling coverage of the latest economic financial news, as Brent crude hits $78/barrel and new car market records longest period of growth since 2015

The Guardian - UK · Jun 5, 2023

Israeli energy minister opposed to idea of civilian Saudi nuclear programme

Israel's energy minister voiced opposition on Monday to the idea of Saudi Arabia developing a civilian nuclear programme as part of any U.S.-mediated forging of relations between the countries.

Reuters · Jun 5, 2023

Most Asian shares rise, oil prices up after Saudi output cuts

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

Bangkok Post · Jun 5, 2023

Karim Benzema leaves Real Madrid for lucrative Saudi Arabia deal

Ballon d'Or winner Karim Benzema will leave Real Madrid as a free agent after 14 trophy-laden years, with the striker to move to Saudi Arabia.

The New Daily · Jun 4, 2023

US, Saudi Arabia urge Sudan’s warring parties to agree to a new cease-fire, amid fresh battles

Saudi Arabia and the United States have urged Sudan’s warring parties to agree to and “effectively implement” a cease-fire amid renewed fighting in the northeastern African nation

The Independent UK · Jun 4, 2023

Karim Benzema: Real Madrid confirm club legend’s exit amid Saudi Arabia transfer links

Frenchman looks destined to join Cristiano Ronaldo in Middle East

Evening Standard · Jun 4, 2023

Fighting escalates in Sudan's capital after ceasefire expires

Fighting intensified in several areas of Khartoum on Sunday after a ceasefire deal expired, residents of Sudan's capital reported, and activists said a new outburst of violence in North Darfur state had left at least 40 people dead.

Reuters · Jun 4, 2023

India's import of Russian oil scales new high in May

India’s import of cheap Russian oil scaled another record and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the U.S., industry data showed. India took 1.96 million barrels a day from Russia, 15% more than the previous according to data from energy cargo tracker…

The Hindu · Jun 4, 2023

Oleksandr Usyk moves closer to Tyson Fury fight by signing with Saudi Arabia promotion

Heavyweight champion Usyk has inked a deal with the Saudi Arabia promotion in the hopes of fighting Fury after their undisputed fight in April fell through

Daily Mirror · Jun 4, 2023

Saudi foreign ministry calls on Sudan factions to agree new ceasefire

Saudi Arabia's foreign ministry and the United States called on Sudan's warring factions to agree to a new ceasefire and make efforts to implement it effectively, the Saudi ministry and the U.S. said on Sunday.

Reuters · Jun 4, 2023