U.S. approves potential sale of Joint Direct Attack Munitions-Extend Range to Saudi Arabia for $5 billion

The U.S. State Department said ​on Friday it ‌had approved the potential sale of ​Joint Direct Attack ​Munitions-Extend Range to Saudi ⁠Arabia for ​an estimated $5 billion.

Reuters • Sep 4, 2026

As war strands Qatari gas for 6 months, US sales rise and European stocks plummet

Six months into the U.S.-Iran war, Qatar is ​among the conflict's biggest economic casualties, with its liquefied ​natural gas exports slashed by 96%, data shows.

Reuters • Aug 26, 2026

SpaceX has some of the world's biggest investors on board. Meet 10 of its top shareholders.

Several of SpaceX's biggest investors have made themselves known. The biggest backers of Elon Musk's company include Alphabet, Nvidia, and Saudi Arabia.

Business Insider • Aug 20, 2026

Most Gulf bourses gain despite stalled Iran talks, Hormuz disruption

Most Gulf stock markets rose on Sunday despite ongoing regional uncertainty, with peace ​talks showing no signs of progress and oil ‌tanker traffic through the strategic Strait of Hormuz yet to fully resume.

Reuters • Aug 16, 2026

KSA: Not The Cheapest Saudi Approach

The iShares MSCI Saudi Arabia ETF offers liquid, cap-weighted exposure to Saudi equities, heavily skewed toward financials and the oil value chain. KSA's 0.75% expense ratio is notably higher than similar alternatives like FLSA, making it less attractive for Saudi exposure. Yield curve flattening and rising short-term rates threaten bank profitability, which dominates KSA's portfolio; the oil sector faces geopolitical and supply risks but price upside.

Seeking Alpha • Jul 24, 2026

Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say

Saudi Arabia is considering expanding the capacity of its crude ​oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the kingdom and possibly neighbours ‌to transport more oil without crossing the Strait of Hormuz.

Reuters • Jul 7, 2026

Saudi-backed Riyadh Air wins approval to operate US flights

Saudi Arabia's new airline Riyadh Air won the right ​to operate flights to and from the United States, ‌the U.S. Transportation Department said in an order Tuesday.

Reuters • Jun 16, 2026

UAE's exit from OPEC not directed against anyone, ADNOC CEO says

The United Arab Emirates' decision to exit OPEC and OPEC+ was not directed against ​anyone but meant to serve national interests, Abu Dhabi National ‌Oil Company CEO Sultan Al Jaber said on Monday.

Reuters • May 4, 2026

CNBC Daily Open: UAE leaves OPEC adrift

The United Arab Emirates will exit OPEC on May 1. European bank earnings top forecasts, but Airbus misses expectations.

CNBC • Apr 29, 2026

United Arab Emirates Leaves OPEC In Favor Of ‘National Interest'

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Forbes • Apr 28, 2026