US President Donald Trump has persuaded Saudi Arabia’s king to increase oil production to make up for a shortfall from Iran, Venezuela and Libya. Quick to ramp up oil output under pressure from the US, Saudi Arabia has discovered that global markets might not need it, at least for now, ...
Saudi Arabia’s state-owned defense company has forged a deal with Spanish shipbuilder Navantia for a joint venture to build five warships, state media said Thursday. The agreement was signed between the state-owned Saudi Arabian Military Industries (SAMI) and Spain’s shipbuilder, Navantia, on Thursday, paving the way for the two sides ...
