The Latest Breaking News from Saudi Arabia

Saudi Aramco on Tuesday posted a 39-percent jump in third-quarter profits year on year, the latest financial results boosted by higher oil prices and volumes sold. The energy giant's net income totaled $42.4 billion -- up from $30.4 billion during the same period last year -- and was "primarily driven…

A company partially owned by Saudi Arabia is Twitter's second largest investor.

When the kingdom of Saudi Arabia officially opened its doors to travelers from 49 countries in 2019, early visitors uncovered a virtually unexplored world of exciting contrasts.

Saudi Arabia announced five new mining opportunities for exploration sites across the Kingdom that contain copper, zinc, silver, and lead for local and foreign investors. Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim AlKhorayef announced the five new explorations sites: Bir Umq, Ar Ridaniyah, Umm Hadid, Jabal Sahabiyah,…

Saudi Arabia and the United Arab Emirates are defending a decision by OPEC and its allies to cut oil production

Egyptian President Abdel Fattah al-Sisi discussed with Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mohamed Shaker the progress in electricity interconnection projects with neighboring countries, notably Saudi Arabia, Greece and Cyprus. The presidency spokesman, Ambassador Bassam Rady, said the meeting addressed the nationwide projects of the…

Gulf oil and gas producing nations will badge themselves as climate leaders at COP27. It’s not as far-fetched as it sounds.

Tiger Woods has been a big critic of LIV for golfing reasons, but now a Saudi citizen has written to the 15-time Major winner asking him to condemn the country's regime

The net profit of Saudi Basic Industries Corporation (SABIC) fell by 67.14% in the third quarter of 2022, reaching almost 1.84 billion riyals, compared to a net profit of about 5.6 billion of riyals in the same quarter of 2021. On a quarterly basis, SABIC’s net profit decreased by 76.8%…