Tag: Saudi Arabia

WH Denies US Stepping Back From Middle East After Iran, Saudi Arabia Restore Ties With China’s Help

The White House is pushing back against the idea that the United States is stepping away from the Middle East following the announcement that Iran and Saudi Arabia have agreed to re-establish relations, in a deal brokered by the Chinese regime. National Security Council Coordinator for Strategic Communication John Kirby told reporters on March 10…


US Transfers Alleged Al-Qaeda Suspect From Guantanamo Bay to Saudi Arabia

The United States has released and transferred an alleged al-Qaeda bomb maker from the Guantanamo Bay detention facility in Cuba to Saudi Arabia, the Department of Defense (DOD) announced on March 8. Ghassan Al Sharbi, a 48-year-old Saudi Arabian engineer, was sent to his native country after the Periodic Review Board (PRB) determined that it was…


Saudi Arabia Announces $5 Billion Help For Turkey

Saudi Arabia will be depositing $5 billion in Turkey’s central bank, a move expected to boost Turkish currency rates as the country recovers from a massive earthquake. The deposit will be made via the Saudi Fund for Development (SFD) and was announced by the Saudi finance minister in December. “This deposit is a testament to…


Hong Kong Chief Executive Shows Interest in Saudi Arabia’s NEOM Project

Hong Kong Chief Executive John Lee Ka-chiu said that Hong Kong can play a crucial role in providing funds for the NEOM project, a smart city being built in the northwest of Saudi Arabia. The NEOM project has been accused of human rights violations and being a city of surveillance. In 2022, three former indigenous…


LIVE NOW: NTD Business (Jan. 18): Microsoft to Lay Off 10K Workers; Senator Probes Mass Government Surveillance Program

Ten thousand workers at Microsoft facing layoffs, as the company joins a growing list of tech firms that are cutting jobs and trimming costs. The United States is one day away from reaching its borrowing limit, or debt ceiling. But an expert says that debt is not the true problem. A Senator is calling on the…


NTD Business (Jan. 18): Microsoft to Lay Off 10,000 Workers; Senator Probes Mass Government Surveillance Program

Ten thousand workers at Microsoft are facing layoffs, as the company joins a growing list of tech firms that are cutting jobs and trimming costs. The United States is one day away from reaching its borrowing limit, or debt ceiling. But an expert says that debt is not the true problem. A senator is calling…


Saudi Arabia Considers Global Trade in Non-Dollar Currencies

Saudi Arabia, the world’s largest crude oil exporter, is considering trading in currencies other than the U.S. dollar, a kingdom official revealed. Mohammed Al-Jadaan, a Saudi minister of finance, told Bloomberg TV in Davos, Switzerland, on Tuesday that officials are open to potentially utilizing other currencies as the energy juggernaut bolsters relations with its strategic…


Cristiano Ronaldo Experiences Surreal Start in Saudi Arabia

RIYADH, Saudi Arabia—The palm trees lining the desert roads leading out of Riyadh’s King Khalid International Airport were wet with rain drops when Cristiano Ronaldo arrived this week in Saudi Arabia’s capital city. The surprising weather greeted the soccer great’s shocking move to the Middle East, where the gray skies in Riyadh were more akin…


Saudi Arabia Reluctant to Accept Chinese Yuan for Oil

Commentary Saudi Arabia is unlikely to accept the Chinese yuan for oil despite strengthening ties with China. On Dec. 8, Saudi Arabia and China signed an agreement to have Huawei provide the Kingdom with 5G. Protests from the United States regarding national security are being ignored as Saudi Arabia and the Gulf States court the Chinese…


Iran Accuses ‘UK-Linked’ Foreign Nationals of Fomenting Unrest

Tehran has accused seven recently-detained foreign nationals of having sought to “incite riots” inside Iran with the aim of destabilizing the country. Since mid-September, Iran has been shaken by violent anti-government protests that have reportedly left hundreds of demonstrators and scores of security personnel dead. Iranian officials have repeatedly blamed the continued unrest on external…