Middle East

Saudi Arabian Grand Prix to go ahead as planned despite Houthi missile attack

F1 has confirmed the Saudi Arabian Grand Prix will go ahead as planned after Yemen’s Houthi rebels claimed responsibility for a missile attack on an oil facility less than 10 miles from the circuit. But in a four-hour meeting with drivers that lasted until well past midnight local time on

Middle East

Saudi Arabia transfers $80bn in shares to wealth fund for green projects

Saudi Arabia has transferred shares worth $80bn to its sovereign wealth fund as the oil-rich nation hopes to rival Norway and Singapore’s state-managed funds and invest in green projects. Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, said 4% of shares in Saudi Aramco, the world’s biggest oil exporter, would be transferred to the […]

Asia Middle East

Lebanon wants ‘best relations’ with Saudi Arabia, GCC, Aoun says

aljazeera– Lebanese President Michel Aoun says his country wants the “best relations” with Saudi Arabia and other Gulf countries amid an ongoing diplomatic rift with the Gulf Cooperation Council (GCC). In an exclusive interview with Al Jazeera, Aoun said on Monday evening that his country is seeking to reconcile with Saudi Arabia, which severed diplomatic […]

Europe Latest News Middle East

Brexit trade breakthrough as Liz Truss eyes up NEW £30bn deal

express– The Foreign Secretary will touch down in Saudi Arabia for talks this morning to meet her opposite number to discuss forging closer ties. She will then fly to Qatar to meet His Highness the Amir Sheikh Tamim bin Hamad Al Thani and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani. While the situation in […]