Saudi Arabia’s termination of its 80-year petrodollar deal on June 9, 2024, may reshape global oil markets, as it considers selling oil in currencies like the Chinese yuan, impacting US economic dominance. According to media sources, Saudi Arabia has chosen not to extend its 80-year petrodollar agreement with the United
The Wall Street Journal has reported that officials have revealed Biden will offer Saudi Arabia a defense treaty in exchange for official ties with Israel. The White House is ready to present a strategy that calls for new formal connections between Riyadh and Tel Aviv in exchange for Saudi Arabia
According to a filing with the Hong Kong Stock Exchange by China’s Sinopec, they will build gas pipelines for Saudi Aramco in a $1-billion deal. Sinopec, a Chinese energy behemoth, announced on Thursday that it has reached an agreement worth $1.3 billion with Saudi Aramco to acquire and construct pipes
Saudi Aramco’s $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors. In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country’s largest energy corporation, announced its intention to sell shares in the
Crown Prince Mohammed bin Salman faces significant political and familial challenges in appointing his crown prince as King Salman’s health deteriorates, raising crucial questions about the future leadership within the House of Saud. As his aging father, King Salman, is nearing the end of his life and is receiving treatment
John Kirby, a spokesman for national security at the White House, said that the U.S. has almost reached a deal to sell F-35 stealth fighter jets to Saudi Arabia. The White House announced on Monday that there had been substantial progress in the talks between the U.S. national security adviser
To prevent tensions between Iran and Arab governments, US military bases are being deactivated in the Persian Gulf, including Saudi Arabia and the United Arab Emirates. The cornerstone of US power projection in West Asia is its array of military sites, which are ideally situated in the Persian Gulf. The
According to the Jeddah Historic District Program, over 25,000 artifacts were unearthed in the historic Saudi Arabian city of Jeddah. In the second-biggest Saudi city, archaeologists have found some 25,000 antiquities. According to the Jeddah Historic District Program (JHD), the discoveries include more than 11,400 ceramic fragments, more than 11,300
Saudi Crown Prince MBS Humiliates Antony Blinken, US Secretary of State, by keeping Blinken waiting several hours for a meeting presumed to happen in the evening, but which the crown prince only showed up for the next morning. The harm Joe Biden’s administration is doing to America’s influence around the
