Saudi Arabia

President Trump claims the ceasefire with Iran is over and approves new military strikes, while mediators work to salvage the agreement. Regional leaders including Pakistan, Qatar, and Egypt are involved in efforts to prevent escalation over tensions in the Strait of Hormuz and nuclear program discussions.

Pakistan received a record $41.6 billion in workers’ remittances in FY26, an 8.6% increase compared to FY25, according to the State Bank of Pakistan. Key remittance sources in June included Saudi Arabia ($829.6 million) and the UAE ($792.3 million), while the government surpassed its revised target despite Gulf region uncertainties.

Trade delays at the Saudi-UAE border have intensified amid growing tensions between the two Gulf nations, with trucks waiting up to several days. Saudi Arabia aims to curb economic leakage into the UAE, while bottlenecks worsened due to the Iran war disrupting maritime routes. Both sides have denied deliberate delays, though financial transfer issues and past disputes suggest strained relations.

President Trump claims the ceasefire with Iran is over and approves new military strikes targeting Iran's ability to threaten shipping in the Strait of Hormuz. Mediation efforts by Pakistan, Qatar, Egypt, Turkey, and Saudi Arabia aim to salvage the interim deal amid rising tensions and conflicting accusations between the U.S. and Iran over compliance with the agreement.

The article discusses the controversial partnership between France and Saudi Arabia for the EWC 2026 in Paris, highlighting a meeting between French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman Al Saud at the Elysée Palace in Paris on June 16, 2023.

Canada’s Prime Minister Mark Carney visited Saudi Arabia to strengthen economic ties, meeting Crown Prince Mohammed bin Salman and attending an investment forum. The trip aims to diversify Canada’s trade beyond the U.S., addressing concerns over U.S. tariffs and trade uncertainties. Canada and Saudi Arabia restored diplomatic relations in 2023 after a 2018 rift over human rights issues.

President Donald Trump states the ceasefire with Iran is over and approves new military strikes, creating uncertainty about the conflict's future. Mediators including Pakistan, Qatar, Egypt, Turkey, and Saudi Arabia are working to salvage an interim deal amid tensions over the Strait of Hormuz and nuclear program discussions.

Canada’s Prime Minister Mark Carney visited Saudi Arabia to strengthen economic ties, meeting Crown Prince Mohammed bin Salman and addressing a trade forum. The trip aims to diversify Canada’s trade beyond the U.S., amid tensions over U.S. tariffs and Canada’s restored diplomatic relations with Saudi Arabia after a 2018 rift over human rights concerns.

President Trump claims the ceasefire with Iran is over and approves new military strikes targeting Iran's ability to threaten shipping in the Strait of Hormuz. Mediators including Pakistan, Qatar, Egypt, Turkey, and Saudi Arabia are working to salvage the interim deal amid rising tensions over nuclear program negotiations and attacks on oil/gas ships.

President Donald Trump claims the ceasefire with Iran is over, approves new military strikes, and expresses uncertainty about pursuing a deal. Mediators including Pakistan, Qatar, Egypt, Turkey, and Saudi Arabia are working to salvage the interim agreement amid rising tensions over attacks in the Strait of Hormuz and nuclear program discussions.

Saudi Arabia’s debt is projected to rise to 60% of GDP by 2030, according to Capital Economics, due to potential declines in oil prices. The Saudi government forecasts a lower debt level of 33% of GDP by 2028, citing investments in economic transformation projects and non-oil growth.

Money transfers between Saudi Arabia and the UAE are being delayed or canceled, forcing businesses to route payments through third countries and individuals to carry cash. Strained relations stem from differing approaches to wars in Sudan and Yemen, relations with Israel, oil markets (UAE left OPEC in May), and competition for the region's primary business hub.

Businesses report blocked or delayed payments from Saudi Arabia to UAE accounts, raising concerns about deteriorating relations between the Gulf neighbors. Saudi Arabia's central bank denied imposing direct restrictions, while tensions are linked to disputes over Israel, Yemen, and Somalia. Bilateral trade between the two countries exceeds $20 billion annually.

Hong Kong’s finance chief, Paul Chan Mo-po, will lead a business delegation to Saudi Arabia later this year as part of efforts to strengthen ties with the Middle East. The announcement was made during the opening of LEAP East 2026 in Hong Kong, with the conference’s Hong Kong edition set to continue annually for the next three years.

The article discusses Pakistan's government sending ministers to investment conferences to attract foreign investment, but highlights a decline in FDI from $5-6 billion to $0.5 billion, with chaotic governance and inconsistent policies deterring investment. It compares Pakistan's low FDI to Vietnam's higher inflows and notes past unfulfilled investment promises from Saudi Arabia and the US.

The US conducted strikes on Iran targeting air defenses, missiles, and drone launch sites, revoking an oil sanctions waiver following attacks on tankers in Hormuz. Iran threatened a 'decisive' response, while Saudi Arabia condemned Tehran for attacking Saudi and Qatari ships.

The US revoked a sanctions waiver for Iran following attacks on Gulf vessels, including Qatari and Saudi tankers in the Strait of Hormuz. The decision removes economic incentives tied to Middle East war-ending negotiations and coincided with a rise in oil prices.

Saudi Arabia's Foreign Ministry has condemned Iran for attacking a Saudi tanker in the Strait of Hormuz and called on Tehran to cease threatening maritime navigation and energy supplies.

Saudi Arabia is blocking payments to UAE accounts, with transfers to Dubai businesses and individuals being returned or delayed, signaling economic tension.

Iran struck two tankers in the Strait of Hormuz, testing a ceasefire that has reduced oil prices. Gulf countries, including Saudi Arabia, have increased oil shipments, but experts doubt the strait's oil flow will fully recover. China's demand and green energy transition are critical factors affecting future crude prices.

The Iran-US MoU aims to ease sanctions and establish a $300bn reconstruction fund, potentially reshaping Gulf economic relations. Gulf states like Qatar and Saudi Arabia express interest in investment opportunities, but security risks from Iranian missile attacks and cautious investor sentiment may slow progress.

Two tankers were hit in the Strait of Hormuz, with Iran vowing no peace talks unless Donald Trump stops threatening war. Millions of Iranians mourned and vowed vengeance at the funeral of their slain leader. The Qatari liquefied natural gas tanker Al Rekayyat and a Saudi crude oil tanker were damaged.

Pakistan is mediating between Libya’s rival eastern and western power centers, supported by the US and Saudi Arabia. The effort follows Pakistan’s previous mediation between the US and Iran and involves defense ties with Libya’s eastern-based LNA, including potential arms sales despite a UN embargo. Qatar and Turkey, key supporters of Libya’s western GNU, encouraged Pakistan’s involvement.

Saudi Arabia reduced its main crude oil price for Asian customers amid resumption of Hormuz flows and OPEC+'s output increase, but Asian buyers still find Saudi supplies pricier than regional alternatives. Analysts suggest the cut reflects Hormuz's normalization rather than a price war, with one consultant downplaying glut fears and predicting full supply recovery by 2027.

Opec+ countries plan to increase oil production by 188,000 barrels per day in August, marking the fifth consecutive month of output hikes as fuel prices decline. The decision involves Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman.

China is increasing its oil purchases from the Middle East amid falling prices. Saudi Arabia has reduced its export pricing to Asia to a 6-year low.

Saudi Arabia’s Flyadeal has launched daily non-stop flights between Hyderabad and Riyadh, marking its debut in India. The route is part of the airline’s expansion efforts.

Saudi Arabia and Qatar sent senior officials to the funeral of Iran’s slain supreme leader, a display of diplomatic protocol that drew criticism after Iranian organizers appeared to taunt the delegations. Quranic verses referencing Iran’s confrontation with Israel and the US were recited during Saudi Arabia’s deputy foreign minister’s approach, while Bahrain, Kuwait, and the UAE did not attend.

The UAE’s non-oil economy hit its weakest level in seven years in June, with the private sector PMI at 50.8, driven by weak demand, supply chain disruptions, and rising costs linked to the Iran war. While improved trade through the Strait of Hormuz eased some pressures, Saudi Arabia’s non-oil PMI rose to 53.3, while Kuwait and Qatar’s indices remained below 50.

U.S. stock futures were mixed with the S&P 500 and Nasdaq rising while the Dow fell. Oil prices declined as OPEC+ announced an August output increase of 188,000 barrels per day. SK Hynix filed a $28 billion U.S. IPO, and SpaceX shares rose ahead of joining the Nasdaq 100.

Saudi Arabia has implemented its largest oil price cut in decades as global market conditions weaken. The adjustment follows declining demand and reflects strategic responses to economic pressures.

DarGlobal's sales in Saudi Arabia and Spain are offsetting a Gulf property slowdown caused by the Iran war, with the company reporting strong demand for luxury residences in Jeddah and Riyadh. The developer, which partners with brands like Trump Organization and FENDI, is expanding its portfolio and plans to tokenize assets to improve liquidity.

Kerala Police arrested a 26-year-old Malappuram native upon his return from Saudi Arabia for a Facebook comment related to the daughter of a Kochi native killed in a terror attack. The comment was made under a video featuring the victim's daughter.

Global shares showed mixed performance as OPEC+ members agreed to increase oil production by 188,000 barrels per day in August, causing oil prices to decline. European markets rose while Asian markets were mixed, with uncertainty over supplies lingering due to stalled Iran-related talks on the Strait of Hormuz.

Global shares are mixed with European markets rising and Asian markets falling, while oil prices slipped after OPEC+ announced an August output hike. The production increase involves Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, with uncertainty over supplies due to stalled Iran talks on the Strait of Hormuz.

Asian shares and U.S. futures were mixed as technology stocks declined, while oil prices fell due to increased production by OPEC+ members including Saudi Arabia, Russia, and Iraq. Uncertainty over Iran-related supply disruptions and currency fluctuations further influenced markets.

Asian shares and U.S. futures showed mixed performance as technology stocks declined in Tokyo and Seoul. Oil prices fell due to increased production by seven OPEC+ members, including Saudi Arabia and Russia, while uncertainty persisted over supply chain talks with Iran. Major stock indices in Japan, South Korea, and Australia declined or edged lower, while Hong Kong and Shanghai saw modest gains.

Asian shares and U.S. futures were mixed as technology shares declined in Tokyo and Seoul. Oil prices fell after OPEC+ members, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, agreed to increase production by 188,000 barrels per day in August. Uncertainty over the Strait of Hormuz's reopening also affected energy markets.

Oil prices fell slightly after Opec+ agreed to increase output targets by 188,000 barrels per day from August, while exports from Gulf producers via the Strait of Hormuz are recovering. The decision comes as Gulf members revive supplies halted during the US-Israeli-Iran conflict, though output remains below pre-war levels.

Seven OPEC+ members, including Saudi Arabia and Russia, will increase oil production by 188,000 barrels per day. The decision involves expanding monthly output as part of OPEC+ policy.