Canada and Saudi Arabia are normalizing diplomatic relations and appointing ambassadors five years after the Liberal government’s public comments on women’s rights led Riyadh to expel the Canadian ambassador. In 2018 Global Affairs Canada tweeted that it wanted Saudi Arabia to “immediately release” human rights activists. Both countries maintained their embassies but Saudi Arabia downgraded…
Canada, Saudi Arabia Restore Full Diplomatic Ties, Appoint Envoys After 2018 Spat
Saudi Arabia Announces $5 Billion Help For Turkey
March 7, 2023
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Business & MarketsCrown Prince Mohammed bin SalmaneconomyEuropeMiddle EastSaudi ArabiaTayyip ErdoganTurkey economic crisisWorld
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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…
Oil Giant Saudi Aramco Has $42.4 Billion Profit in 3rd Quarter
DUBAI, United Arab Emirates—Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39 percent bumpbuoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil firm’s profits will help fund the kingdom’s Crown Prince Mohammed bin…
State Department Approves Sale of 300 Patriot Missiles to Saudi Arabia
August 3, 2022
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Crown Prince Mohammed bin SalmaneconomyExecutive BranchJoe BidenMiddle EastPatriot missilesPoliticsSaudi ArabiaUSUS NewsWorld
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The State Department has approved the possible sale of 300 Patriot missiles to Saudi Arabia for around $3.05 billion, according to the Defense Security Cooperation Agency (DSCA). DSCA informed Congress of the possible sale on Tuesday, which comes after President Joe Biden visited the Gulf kingdom in July and met with King Salman bin Abdulaziz al-Saud…
Biden Softening Stance on Saudi Arabia, May Visit Soon as Oil Prices Soar
June 13, 2022
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Business & MarketsCrown Prince Mohammed bin SalmaneconomyExecutive Branchhigher oil pricesMiddle EastPoliticssaudi arabia journalistUSUS NewsWorld
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President Joe Biden is expected to make an announcement regarding a possible trip to Saudi Arabia as he looks at foreign assistance to abate the ever-increasing pain at the gas pump. When asked by reports during a conference on June 3 whether he was planning to visit Saudi Arabia, Biden replied that he was “not…
China the Main Beneficiary of Sanctions Against Russia
March 17, 2022
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AustraliaBusiness & EconomyChinaChina Business & EconomyCrown Prince Mohammed bin SalmaneconomyEuropeglobal oil pricesInternationalIranJoe BidenOpinionRussia-Ukraine WarRussian oilRussian sanctionsSaudi ArabiaSaudi Arabia oil productionViewpointsWorldXi Jinping
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Commentary With the United States and many European Union countries imposing trade sanctions on Russia and banning the import of Russian oil, it is timely to see who the losers and winners are of this ban. As I have previously written, trade sanctions rarely hurt the country that they are imposed on as they are…
Saudi Crown Prince Approved Operation Against Khashoggi, US Intelligence Report Shows
WASHINGTON—Saudi Crown Prince Mohammed bin Salman approved of an operation to capture or kill dissident journalist Jamal Khashoggi, who was murdered in 2018, according to a declassified intelligence assessment released on Friday in a manner choreographed to limit damage to U.S.-Saudi ties Khashoggi, a U.S. resident who wrote opinion columns for the Washington Post critical…
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