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State Department clears way for $24.3B F-35 jet sale to Saudi Arabia
[Low angle shot of a F-35 Lightning 2 plane flying at a show] Wirestock The State Department has approved a potential $24.3B sale of F-35 Lightning II stealth fighter jets, manufactured by Lockheed Martin (LMT [https://seekingalpha.com/sym…
Turkey says Egypt may join Mecca defense pact as regional hostilities escalate
[Maps of countries in Middle East] KeithBinns Turkey's Foreign Minister Hakan Fidan said the trilateral defense pact with Saudi Arabia and Pakistan may be expanded to include other countries amid growing interest. "I believe that in the ne…
U.S. set to announce 30-year nuclear deal with Saudi Arabia
[President Trump Hosts The Crown Prince And Prime Minister Of Saudi Arabia At The White House] Chip Somodevilla/Getty Images News The Trump administration is expected to announce a 30-year nuclear deal with Saudi Arabia that could open the…
Gulf states said to weigh new pipelines to bypass Strait of Hormuz
[Pipeline Valves at Sunset, Overseeing a Hilly Terrain Under Dramatic Sky 3d image] Gri-spb Gulf Arab states are now considering new pipelines to export oil and gas to avoid the Strait of Hormuz, as Iran seeks to control the waterway, the…
Hormuz crisis: Saudi Arabia said to offer oil buyers alternate Red Sea route
[Panoramic View of Tugboats at Yanbu Port] DOF/iStock Editorial via Getty Images Saudi Arabia is offering long-term customers the option of receiving their crude supply for April through the Yanbu Port on the Red Sea, _Bloomberg News _repo…
Gulf markets slide as U.S.-Iran conflict ripples across region
[Kingdom of Saudi Arabia, Riyadh, King Abdullah Financial District January 31, 2020 Large buildings equipped with the latest technology] MOHAMED HUSSAIN YOUNIS/iStock via Getty Images Stocks in Saudi Arabia and Egypt declined Sunday, offer…
Saudi property shares jump as foreign ownership rules take effect
[A new building under construction, with crane towers in Makkah city near Al Haram and the Kaaba, new developmental projects in the Saudi Arabia kingdom] Tamer Soliman/iStock Editorial via Getty Images Shares of Saudi real estate developer…
Saudi Arabia is slowly loosening its alcohol rules as part of a modernization push
[Riyadh downtown in Saudi Arabia] Saudi Arabia is now gradually allowing tightly controlled alcohol sales to non-Muslim diplomats and higher-earning expatriates. The nation plans to extend limited access to alcohol to select tourist zones…
Saudi Arabia inks mutual defense deal with nuclear-armed Pakistan
[Pakistan and Saudi Arabia two flags together realations textile cloth fabric texture] Oleksii Liskonih/iStock via Getty Images Saudi Arabia and Pakistan have signed a mutual defense agreement, under which any aggression against either cou…