'We stand with Syria,' Saudi Finance Minister says

Saudi Finance Minister Mohammed Al Jadaan on Friday said many investments were being finalised for Syria, as Damascus seeks to reconnect with the global financial system following the toppling of the Assad regime last December. “We stand with...

Citi Makes a Case for $50 Oil

Citigroup’s latest call for Brent crude to tumble toward $50 on a Russia-Ukraine de-escalation feels more like an echo chamber than a fresh forecast. Senior commodities strategist Eric Lee told Bloomberg Friday that easing geopolitical tensions...

Saudi Cultural Fund Injects SAR 3 Billion to Boost Cultural Investments

RIYADH, Saudi Arabia, Oct. 15, 2025 (GLOBE NEWSWIRE) — The Cultural Development Fund (CDF), Saudi Arabia’s key financial enabler of the cultural sector, has announced a suite of new funds and financial products exceeding SAR 3 billion (USD 933...

Commentary: Even Saudi Arabia is focused on solar energy. Will the US be left behind?

While the Trump administration has effectively declared war on wind and solar energy — blocking all permitting of projects on federal lands and pushing through a rollback of federal subsidies and tax credits — other nations are embracing renewable...

Saudi Arabia launches huge Mecca expansion with tall towers overlooking Kaaba

Saudi Arabia has announced a huge expansion project outside the Grand Mosque in Mecca, involving the construction of tall towers near the holy site for the purpose of prayer, accommodation and hospitality. The development, to be named “King Salman...

US scuppers carbon pricing deal to cut shipping emissions

A majority of countries at the International Maritime Organisation voted on Friday to postpone by a year a decision to adopt a global carbon price for shipping, after negotiations collapsed under US pressure. More than 100 member states of the...

Saudi Aramco: Underinvestment Could Lead to Oil Supply Crunch

The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco. “We had a decade . . . where people didn’t...

Saudi EXIM signs agreement with IFC to boost trade finance

The Saudi Export-Import Bank (Saudi EXIM) has signed an accession agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for cooperation in the areas of trade finance, development, and insurance. The...

Breaking: US Strong-Arms Europe Into Shipping Emissions Delay

Support CleanTechnica's work through a Substack subscription or on Stripe. Earlier today, CleanTechnica published a report by Transport & Environment that said the US, UAE, Saudi Arabia and other oil producing countries were pressuring the EU to...

The US and Saudi Arabia just derailed a global plan to cut shipping emissions

The US and Saudi Arabia have managed to derail negotiations regarding a landmark deal to cut global shipping emissions, according to a report by the BBC. The deal had already been approved and would have made shipping the world's first industry to...

Russia Teases Major Defense Contracts to Incentivize India to Keep Buying Oil

The Russian government on Thursday downplayed President Donald Trump’s statement that he has persuaded India to dramatically reduce its massive purchases of Russian oil, teasing a major offering of Russian military hardware as an incentive for...

Saudi consumer spending fuels coffee shop IPO rush

Several Saudi companies are lining up to sell shares on the local exchange next year, led by food and beverage brands looking to capitalize on rising consumer spending. Half Million, the coffee chain founded by two scions of the billionaire Al...

Trump’s threats succeed in halting global plan to reduce shipping emissions

Shipping containers line the Ever Most cargo vessel docked at the Port of Oakland on April 3, 2025, in California. (AP Photo/Noah Berger, File) A plan to cut greenhouse gas emissions in shipping supported by much of the maritime industry was...

Saudi Riyal to Pakistani Rupee Rate- October 16, 2025

KARACHI/RIYADH, October 16, 2025: The Saudi Riyal (SAR) slipped to Rs74.95 against the Pakistani Rupee (PKR) in today’s open market, a slight decline from Rs74.98 on October 15 and well below the July 28 peak of Rs76.03, according to currency...

Trump blocks global shipping climate tax

A historic effort to tax climate pollution from shipping was derailed by a U.S. diplomatic push, personally led by President Donald Trump. A fractious meeting of the International Maritime Organization in London ended Friday with a decision to...

Saudi Arabia's acquisition of Electronic Arts faces pushback from game developers, petition calls on FTC to 'scrutinize this deal closely'

The $55 billion acquisition of Electronic Arts by Saudi Arabia's Public Investment Fund and private equity firms is facing more pushback, as the United Videogame Workers-CWA union has put out a statement calling on regulators and lawmakers to...

Tariffs Prompt Foreign Manufacturers to Expand U.S. Production

Kentucky’s business-friendly legislation and strong focus on industrial recruitment are showing results for our region By Jeff Jobe Community Publisher As a result of U.S. tariffs on imported goods, multinational manufacturing firms like Union...

With Gaza War Seemingly Over, Trump Rekindles Idea of Saudi Arabia Joining Abraham Accords

As President Trump rekindles hope of a normalization of Saudi-Israeli ties, will economic, security, and intelligence incentives, rather than an ever-elusive search for Palestinian statehood, catalyze a major Middle East breakthrough? If Saudi...

Will Modi government stop buying oil from Russia under Trump's pressure? What will be its impact?

Home Business Will Modi government stop buying oil from Russia under Trumps pressure? What will be its impact? There is immense pressure from the US to stop purchasing Russian oil. (Image: Adobe Stock) New Delhi: The United States has long been...

Nations delay vote on shipping decarbonization rules after fierce US resistance

The shipping sector was widely expected to become the first industry to adopt a binding set of global greenhouse gas emissions rules during an Oct. 14-17 meeting in London. Instead, member countries of the International Maritime Organization (IMO)...