RARE PHOTOS: 14 | Rare Historical Photos

Saudi Arabia Cuts Oil Prices to Asia by More than 50%

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

Asharq Al-Awsat · May 9, 2022

Saudi Dussur Signs 4 Joint Ventures, Global Acquisition Deal

The Saudi Arabian Industrial Investments (Dussur) announced the signing of five new shareholders' agreements, including four joint ventures and one global acquisition deal. Dussur, owned by PIF, Aramco, and SABIC, signed the agreement at a special event attended by Minister of Energy and Investment Prince Abdulaziz bin Salman, Minister of…

Asharq Al-Awsat · Mar 31, 2022

US Imposes Sanctions on Key Actors in Iran’s Ballistic Missile Program

The United States on Wednesday imposed sanctions on an Iran-based man and his network of companies it accused of helping Tehran obtain materials for its ballistic missile program, acting after missile attacks by suspected Iranian-backed proxies on countries in the region. In a statement issued as talks on reviving the…

Asharq Al-Awsat · Mar 30, 2022

Drivers still "concerned" over Saudi Arabian GP safety, say F1 teams

Formula 1 teams have revealed that drivers remain “concerned” over the Saudi Arabian Grand Prix following the Friday attack on the nearby Aramco facility. 

Autosport · Mar 26, 2022

US Condemns 'Reckless' Houthi Terrorist Attacks on Saudi Arabia

The United States strongly condemned on Friday the Iran-backed Houthi militias' attacks on Saudi Arabia. "We strongly condemn this week’s multiple Houthi terrorist attacks on Saudi Arabia, including today’s that struck an Aramco facility in Jeddah, which is clearly civilian infrastructure," said the State Department. "At a time when the parties should be focused on de-escalation and bringing needed…

Asharq Al-Awsat · Mar 26, 2022

Saudi fuel depot is hit as drone attacks escalate

DUBAI, United Arab Emirates — An oil storage facility in Saudi Arabia was hit by a barrage of drone attacks on Friday, in a marked escalation of tensions in one of the world’s most important regions for oil shipments.

Tribune News Service · Mar 25, 2022

Saudi Arabian Grand Prix to go ahead despite ‘missile attack’ on nearby fuel plant

World champion Max Verstappen reported to his Red Bull team over the radio that he could detect the smoke

Evening Standard · Mar 25, 2022

Formula 1 makes decision on Saudi Arabian GP after 'missile strike' in Jeddah

F1 chief Stefano Domenicali declared that he "feels safe" as race bosses were bullish about continuing as planned in Jeddah this weekend

Daily Mirror · Mar 25, 2022

F1 tells drivers Saudi GP will go ahead despite nearby attack

Formula 1 chiefs have made clear to teams and drivers that the Saudi Arabian Grand Prix will proceed as planned despite an attack on a nearby oil facility.

Motorsport · Mar 25, 2022

Saudi oil depot hit as kingdom thwarts drone strikes

DUBAI, UAE — An oil storage facility in Saudi Arabia was hit in a barrage of drone attacks on the kingdom on Friday, the latest flare-up in one of the world’s most important regions for oil shipments.

Tribune News Service · Mar 25, 2022