Top- News zu Saudi-Arabien

 

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Saudi Arabia's Alkhorayef Commercial Company has signed as exclusive dealer for China's SANY Trucks in the Kingdom, launching an integrated operation covering sales, financing, maintenance and after-sales services....

It amounted to $33.5 billion...

Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz....

Saudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict....

Saudi Arabia's $1 trillion wealth fund started operating a second office in mainland China earlier this year, as part of its efforts to deepen investment ties with the world's second-largest economy....

Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The premium for next month is the second-highest on record as the war in the Middle East continues to severely disrupt supplies. Bloomberg's Anthony di Paola reports....

Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May, though it remained near historic levels as the war in the Middle East continues to severely disrupt supplies....

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Saudi Arabia's fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the Strait of Hormuz forced it to reduce oil exports and spending on projects to diversify the economy continued to rise....

The dramatic growth in American oil exports stems from the navigation problems in the Strait of Hormuz, the key route for oil supplies to global markets from the Middle East...

The departure poses a formidable test for ​the first royal Saudi oil minister whose style has shifted from diplomacy to increasingly unilateral decision-making....

Hydrogen Utopia International has developed a technology that avoids the fuel supply chains thrown into chaos by the closure of the Strait of Hormuz....

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The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall from higher prices and others including the United Arab Emirates seeing a drop in petrodollar income....

PIF said on Thursday that it would cut funding of LIV Golf at end of 2026 ​season....

Saudi Arabia Public Investment Fund To Stop Funding LIV Golf After 2026 Season LIV Golf is preparing to inform players and staff that its main financial backer, Saudi Arabia's Public Investment Fund, will stop funding the league after the 2026 season, according to Golfweek. The announcement—expected midweek—would open the door for CEO Scott O'Neil to pursue new investment to keep the tour running. Since launching in 2022 as a challenger to the PGA Tour, the circuit has reportedly burned through more than $5 billion while failing to gain meaningful U.S. viewership. Broadcast deals with The CW Network and later Fox did little to improve ratings. Uncertainty around funding has been building. In April, O'Neil acknowledged the league is only financed through this season, saying future survival depends on securing new backers—even as he publicly maintained LIV is in its best position yet. Golfweek writes that the timing aligns with a broader shift by PIF, led by Yasir Al-Rumayyan, toward pr...

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League says it wants to move towards an investment model involving multiple partners and team franchises....

LIV Golf is hunting for new investors after Saudi Arabia ended its ongoing financial support for the loss-making league that briefly challenged the PGA Tour's supremacy....