Stories from Saudi Arabia

Iran has launched attacks against Saudi Arabia, Qatar, and the United Arab Emirates. This action signals the collapse of a China-brokered rapprochement between Iran and its neighbors. The Wall Street Journal published a story on the conflict.

Iran has reportedly attacked targets in Saudi Arabia and the United Arab Emirates. This is seen as retaliation for Iranian attacks. The attacks were carried out by Saudi Arabia and the UAE. A cybersecurity advisory has warned of Iranian attacks targeting water systems.

Riyadh-based Stitch, a software developer for banks and financial services, has secured $25 million in Series A funding. The round was led by a16z, marking their first investment in the Gulf region. Saudi Arabian fintech company Stitch has successfully raised $25 million in a Series A funding round.

Saudi Aramco is seeking to raise more than $10 billion by divesting from its property portfolio. The company is reportedly in talks with potential buyers for this asset divestment.

Saudia Aramco reported a 25% increase in its first-quarter profit. This surge is attributed to the ongoing Iran war, which is reshaping the global oil market. The surge in earnings reflects current market dynamics and demand for oil. The company's performance reflects broader market trends. Further details on the profit drivers were provided. The specific financial period for this profit jump was not stated. Saudi Aramco's net profit for the first quarter was $33.6 billion, a 26% increase compared to the same period last year. The company's CEO stated that global oil supply has decreased by approximately 1 billion barrels over the past two months, influenced by energy price volatility due to ongoing conflicts.

Donald Trump's business dealings with Saudi Arabia are described as transactional, with property deals occurring even before his first term. The LIV golf venture is mentioned as an example of his approach.

The Taif Municipality is engaged in efforts concerning gardens and the maintenance of facilities. These initiatives are part of broader preparations and welcoming activities for visitors.

Saudi Arabia's leadership is focusing on maintaining order and security for Hajj pilgrims. Efforts are also underway for several projects, according to the source. These initiatives are part of the Kingdom's ongoing commitment to the pilgrimage.

Engineer Amin Al-Nasser, the CEO of Aramco, confirmed the company's performance during the first quarter. Aramco CEO Amin Nasser confirmed the company's first-quarter performance, stating that 10 million tons were processed during April.

A Saudi report indicated a momentum of 26 percent, with figures exceeding 120 billion riyals in the fourth quarter. Another source also discussed the report's figures, mentioning 'margins from the 100'. These profits are scheduled to be paid on June 1st.