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Saudi Arabia

U.S. lawmakers to fight massive Trump Saudi arms deal

WASHINGTON U.S. lawmakers introduced legislation on Thursday seeking to stop at least a portion of President Donald Trump's sale of weapons to Saudi Arabia.

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Hezbollah says Saudi on path to more bloodshed in Iran struggle 25 May 2017

BEIRUT The Lebanese Shi'ite group Hezbollah said on Thursday Saudi Arabia was on a losing path to more bloodshed in its struggle with Iran and instead urged Riyadh to seek dialogue and negotiations with Tehran.

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Pope 'terrific', Saudi 'spectacular' - Trump waxes lyrical on foreign tour 25 May 2017

BRUSSELS Donald Trump thinks Pope Francis is "terrific" and found his "spectacular" royal welcome in Saudi Arabia "beyond anything anyone's ever seen".

CORRECTED-Leejam Sports to file for 1 bln riyal IPO, targeting Q4 Riyadh listing-sources 23 May 2017

DUBAI, May 23 Saudi Arabian sports and fitness business Leejam Sports Co is targeting an initial public offering in the fourth quarter in a share sale expected to raise 1 billion riyals ($266.65 million), sources familiar with the deal told Reuters on Tuesday.

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Wall Street ends up; defense, tech stocks a boost 22 May 2017

NEW YORK U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal. | Video

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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital 22 May 2017

RIYADH The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion (71.3 billion pounds) to invest in technology sectors such as artificial intelligence and robotics. | Video

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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital 22 May 2017

RIYADH The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. | Video

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Saudi Arabia, Iraq agree oil output cut needs nine-month extension 22 May 2017

BAGHDAD/VIENNA OPEC heavyweights Saudi Arabia and Iraq agreed on Monday on the need to extend a global cut in oil supply by nine months in an effort to prop up crude prices, removing a potential stumbling block as producing countries prepare to meet this week.

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Budget pressure likely to keep Saudis propping up oil price 22 May 2017

RIYADH Pressure on Saudi Arabia's finances will make it eager to secure a deal on oil output cuts at this week's talks among global producers, even if Riyadh has to shoulder the lion's share of the reductions.

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Budget pressure likely to keep Saudis propping up oil price 22 May 2017

RIYADH Pressure on Saudi Arabia's finances will make it eager to secure a deal on oil output cuts at this week's talks among global producers, even if Riyadh has to shoulder the lion's share of the reductions.

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'Challenging' talks expected as Trump, other G7 leaders meet

TAORMINA, Italy Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier.