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Saudi Arabia
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Saudi Arabia

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Saudi Arabia
Saudi Arabia
The latest news, analysis and opinion on Saudi Arabia. In-depth analysis, industry insights and expert opinion.
Capital
Riyadh
Head of State
King Salman bin Abdulaziz Al Saud
Head of Government
Prime Minister Mohammed bin Salman Al Saud
A billboard in Tehran depicting the Strait of Hormuz reads 'Forever in Iran's Hand'. Photo: AFP
US, Israel war on Iran

US hits Iran with fresh strikes amid negotiations to end war

Marco Rubio insists a deal with Iran remains within reach after the US military claimed its attacks were in ‘self-defence’.

US, Israel war on Iran

Trump now ties Iran deal to major expansion of Abraham Accords

Middle East

Muslims begin haj in sweltering heat and shadow of Middle East tensions

Hong Kong transport

Exclusive | Hong Kong airport set for volume shift after flights rejigged amid fuel crisis

Some airlines say they will operate all scheduled flights beyond June after initial consolidation efforts to offset higher jet fuel prices.

According to data from analytics company Cirium, the aviation industry managed disruptions through capacity changes made months in advance rather than opting for last-minute cancellations. Photo: Elson Li
US, Israel war on Iran

Israel thrusts a reluctant UAE into the open over defence ties

Disclosures about Iron Dome batteries and secret meetings have exposed ties analysts say the UAE would rather handle ‘more discreetly’.

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Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

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IPO

SpaceX’s US$75 billion IPO sparks liquidity fears as Fed rate-increase odds rise

The blockbuster offering’s repercussions could be far-reaching, drawing capital away from Hong Kong and the broader Asia-Pacific region.

The SpaceX Starship sits on the launch pad ahead of its sixth flight test from Starbase in Boca Chica, Texas, on November 17, 2024. Photo: AFP/Getty Images/TNS
IPO

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

US, Israel war on Iran

Trump calls off new Iran attack at request of Gulf states

US president signals possible Iran breakthrough as ‘serious negotiations’ continue to end conflict.

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US, Israel war on Iran

How does the Strait of Hormuz stand-off look in the wake of Trump-Xi summit?

The US and Iran are both considering their next moves as the deadlock over the key shipping route continues.

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Iran is looking to tighten its control over the key shipping route. Photo: Getty Images
Iran

Iran war pushes Asia’s Gulf migrants to use stablecoins for remittances

The risk of sanctions has fuelled concerns that monetary transfers from migrant workers via banks or other operators could be disrupted.

Foreign workers look at a tall plume of black smoke after an explosion in the Fujairah industrial zone in the UAE in March amid the Iran war. Photo: AFP
Diplomacy

Opinion | Just because Brics isn’t a coherent bloc doesn’t mean it’s impotent

The grouping has a future, not as a binding structure demanding policy alignment but as a tool for members to enhance leverage and maximise options.

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Middle East

Opinion | The problem no one is naming as the UAE dramatically exits Opec

The fighting over oil production quotas was the symptom. Security realignment is the disease.

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South Korea

South Korea draws Gulf oil storage interest as Hormuz stays closed

Saudi Arabia, Kuwait and the UAE are among major oil producers looking to South Korea’s underground storage facilities, officials say.

Oil storage tanks at the Daesan petrochemical complex in Seosan, South Korea. Most of the country’s “oil reserve base” storage facilities have been built underground. Photo: Reuters
Hong Kong economy

Editorial | GDP uptick signals Hong Kong’s economy is on the right path

The city is betting on diversification – fully integrating with the mainland economy while expanding trade and business ties with others.

A Star Ferry crosses Victoria Harbour in front of the Hong Kong skyline. The city posted its fastest quarterly economic growth in nearly five years. Photo: Reuters
Diplomacy

Opinion | How China-Gulf ties can turn energy vulnerability into sustainability

Hormuz tensions are a reminder to start building a better, more sustainable energy order before the next crisis hits; Hong Kong can help.

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China's military weapons

Will new Saudi-Pakistan defence pact give Chinese arms risk-free exposure?

Islamabad’s elevated stature in Middle East security could make it ‘the operational face of Chinese defence systems’ via regional deployment.

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Middle East

Letters | UAE’s Opec exit reflects a complex world

Readers discuss the UAE’s decision to leave the oil cartel, and a Vietnamese leader’s choice to travel twice on China’s high-speed trains.

A commercial vessel is seen off the coast of Dubai on April 20. Photo: AFP
Middle East

‘Structural shift’: new routes for Middle East freight to bypass Hormuz

Saudi Arabia, Turkey and the UAE lead a push for a new trade architecture with multiple nodes linking the Indian Ocean to the Mediterranean Sea.

Middle East

UAE’s Opec exit signals aim to accelerate foreign policy diversification

Iran’s attacks on Gulf states have forced Abu Dhabi to rethink its place within the Saudi Arabia-led diplomatic architecture, analysts say.

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Pakistan

Pakistan’s IMF-backed recovery under pressure as Iran-US mediation stalls

While Islamabad continues to push for peace, the war threatens to erode its foreign exchange reserves and make financing harder to secure.

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A trader monitors share prices at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, on Monday. Photo: EPA
US, Israel war on Iran

The UAE’s exit from Opec could bring ‘even bigger trouble’: Chinese expert

While the UAE’s departure from oil cartel is disruptive, it could also further drive apart Gulf Cooperation Council members, observer says.

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The Gulf Cooperation Council has been fractured by an intensifying rivalry between Saudi Arabia and the UAE, as the countries each pursue competing visions of regional leadership. Photo: AFP
Thailand

Bridge too far? Hormuz crisis revives Thailand’s controversial plan

While the plan to bypass the Malacca Strait is popular with Anutin’s government, economists and environmentalists say it is not realistic.

US, Israel war on Iran

Why UAE’s exit from Opec is good news for oil-thirsty Asia

Once free of Opec’s production caps, the world’s sixth-largest oil producer plans to flood the market with 5 million barrels a day.

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China exports

How China’s reported sulphuric acid export ban could have global buyers reeling

Foreign firms fear more halts following reports of a ban on the export of the chemical, crucial for fertiliser and battery production.

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Illustration by Henry Wong
China-Middle East relations

China’s calls to open Hormuz show the limits of its ties to Iran, experts say

While Beijing has long seen Tehran as a useful partner, the nation is not crucial to its Middle East strategy, analysts argue.

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China’s representative Fu Cong at the UN headquarters in New York on April 7. China’s diplomatic statements are seen to indicate the delicate balance it is striking between rhetorical solidarity with Iran and its regional economic interests. Photo: Xinhua
US, Israel war on Iran

UAE to leave Opec after 6 decades, oil cartel unity questioned

Abu Dhabi, long at odds over quotas, says exit will free output as experts point to Saudi rift and push to boost production.

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United States

Austrian citizen admits plot to kill at Taylor Swift concert in Vienna

The 21-year-old and two other men also planned attacks in Saudi Arabia, Turkey and the United Arab Emirates.

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