Saudi Arabia

Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East. The Consumer Price Index...

Boeing Company (NYSE:BA) shares are trading higher on Tuesday after the company disclosed that Saudi Arabia-based AviLease placed its first direct order for the purchase of 20 737-8 jets, along with options for an additional 10 aircraft. This agreement allows AviLease to expand its increasing fleet...

Donald Trump is heading to Saudi Arabia this week, sparking fresh speculation over a potential civil nuclear agreement between Washington and Riyadh. The kingdom has long expressed interest in developing its own nuclear energy capabilities, and the U.S. administration appears eager to engage in...

Tesla Inc. (NASDAQ:TSLA) is all set to begin sales operations in Saudi Arabia as the Elon Musk-led EV giant looks to expand its global presence. What happened:  According to a post shared by Tesla influencer Sawyer Merritt on X, Tesla has begun selling its cars in Saudi Arabia. In a post shared in...

Saudi Arabia has unveiled a joint venture between the state oil company Aramco and the state mining company Ma'aden. The collaboration focuses on extracting lithium, a vital component in batteries for electric vehicles (EVs), renewable energy storage, and electronics. Commercial production is...

Apple Inc. (NASDAQ:AAPL) announced expansion plans in Saudi Arabia, marking a significant step in its Middle East growth strategy. The tech giant will launch its first Arabic-language online store in the summer of 2025, followed by multiple flagship retail locations starting in 2026, according to a...

SolarWinds Corp (NYSE:SWI) is eyeing a new office in Saudi Arabia’s Riyadh in 2025, citing its requirements for sophisticated technology and investment rates. The enterprise software developer reported double-digit growth annually since it opened an office in Dubai in 2022, Bloomberg cited...

Editor's Note: The headline of this story has been updated for factual accuracy. Sen. Lindsey Graham (R-S.C.) has called for a new approach to Middle East policy, advocating for either a “game changing peace” or a “game changing military strategy.” What Happened: On Thursday...

In a recent development, Nvidia Corp. (NASDAQ:NVDA) has begun supplying its advanced chips to Saudi Arabia, a move that has positively influenced market sentiment in the Middle East and Asia. What Happened: On Thursday, Brett McGonegal, chairman and CEO at Capital Link, discussed the impact of...

Yemen’s Houthi rebels have reportedly attacked two crude oil tankers in the Red Sea, as confirmed by the U.S. military. What Happened: The Houthi rebels, who are backed by Iran, targeted the Saudi-flagged “Amjad” and the Panama-flagged “Blue Lagoon I.” The U.S....

California does not appeal to Palantir co-founder and venture capitalist Peter Thiel, who finds a lot of parallels between the Golden State and Saudi Arabia. What Happened: Californians have no choice and people at the margins leave the state but it continues to collect more and more revenue, said...

Electric vehicle company Lucid Group (NASDAQ:LCID) reported second-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Lucid Group reported second-quarter revenue of $200.6 million, beating a Street consensus estimate of $192.06 million, according to...

In a bid to bolster the artificial intelligence industry in Saudi Arabia, Saudi Aramco’s venture arm, Wa’ed Ventures, has invested $15 million in South Korean AI chipmaker Rebellions Inc. What Happened: Rebellions is collaborating with Samsung Electronics Co. to develop its proprietary...

U.S. Representative Marjorie Taylor Greene has raised alarms about the potential economic consequences for America as she claimed BRICS nations plan to move away from the U.S. dollar. On Wednesday, Greene tweeted that this shift could “destroy America's economy.” What Happened: The...

In a significant move, Saudi Aramco has announced an $11.2 billion stock sale, marking the largest global offering in three years. The proceeds will be channeled into Saudi Arabia’s ambitious economic overhaul. What Happened: The Saudi government is set to sell nearly 1.55 billion shares at...