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13.05.26 - 00:21
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Saudi Arabia Secretly Launched Attacks On Iran At Height Of Epic Fury (ZeroHedge)
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Saudi Arabia Secretly Launched Attacks On Iran At Height Of Epic Fury
First it was revealed this week that UAE had directly attacked Iran in retaliatory strikes earlier in Operation Epic Fury, and now it has come to light that the Saudis did the same, and in multiple strike operations.
Reuters reports Tuesday that "Saudi Arabia launched numerous, unpublicized strikes on Iran in retaliation for attacks carried out in the kingdom during the Middle East war, two Western officials briefed on the matter, and two Iranian officials said."
KSA military file image
"The Saudi attacks, not previously reported, mark the first time that the kingdom is known to have directly carried out military action on Iranian soil and show it is becoming much bolder in defending itself against its main regional rival," the report continues.
"The attacks, launched by the Saudi Air Force, were assessed to have been carried out in late March, the two Western officials said," Reuters notes fu...
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12.05.26 - 09:31
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Moubayed: Saudi Deficit Widening Higher Than Expected (Bloomberg)
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The impact of the Iran war is starting to emerge across the Gulf, raising uncertainty for growth and trade in the region. Alia Moubayed, Managing Director for EMEA Economics & Strategy, Jefferies International spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the war's impact on GCC economies (Source: Bloomberg)...
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10.05.26 - 13:18
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Saudi Aramco profits jump despite conflict in Middle East (The Guardian)
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Saudi Arabia's state oil company's profits up 26% to £26.9bn in first three months of yearBusiness live – latest updatesSaudi Arabia's state oil company reported a 26% jump in profits in its first quarter as its east-west pipeline allowed it to ship millions of barrels of oil out of the Gulf despite conflict in the Middle East.Profits at Saudi Aramco hit $33.6bn (£26.9bn) in the first three months of the year, while revenue rose nearly 7% compared with a year earlier to $115.5bn. Continue reading......
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08.05.26 - 05:06
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Saudi Arabia′s $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen (ZeroHedge)
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Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
Via The Cradle
Saudi Arabia's Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports.
The office was registered last year, falls under PIF's Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China's capital.
Source: Britannica
The Shanghai outpost was reportedly created to strengthen the $1 trillion fund's ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into Saudi Arabia.
This move strengthens Riyadh's investment relationship with Beijing, while the US continues to be a major market for the kingdom. The Shanghai office expands PIF's global presence, which already features offices in New York, London, Hong Kong, and Paris.
Saudi Arabia and China...
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