Tag: Saudi Arabia

Ukraine Invites Talks in Saudi Arabia as an Effort to Weaken Russia

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Ukraine will make a renewed push this weekend at a gathering in Saudi Arabia to win the support of dozens of countries that have remained on the sidelines of the war — the start of a broader campaign in the months ahead to build the diplomatic muscle to isolate and weaken Russia. Ukraine and Saudi Arabia invited diplomats from some 40 governments to talks in the Red Sea port of Jeddah. Notable among them were China, India, Brazil, South Africa and some of the oil-rich Gulf nations that have tried…

Saudi Arabia to Extend Oil Production Cut by a Month

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In a move to support oil prices, Saudi Arabia said Thursday it would extend its decision to cut oil production by one million barrels a day for another month, to September. Oil prices have recovered strongly in recent weeks partly because of smaller stockpiles of fuel in the United States, but China’s tepid economic recovery has kept oil prices under pressure for most of the year. Saudi leaders need oil prices to stay high because the money from energy sales pays for government spending and ambitious plans to diversify the…

Saudi Arabia’s big-spending league seeks to avoid China’s failed gamble

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Saudi Arabia is the new China. “The system of buying the players that almost ended their career is not the system that develops football,” said Uefa’s chief executive Aleksander Ceferin recently. “It was a similar mistake in China …” When Oscar left Chelsea in December 2016 in a transfer window during which Chinese Super League clubs spent more than £300m, then Blues manager Antonio Conte warned of the Chinese danger. Other stars such as Carlos Tevez, Didier Drogba and Nicolas Anelka also moved east. It ended badly with bankruptcies, corruption…

How Russia’s Allies May React to Prigozhin’s Mutiny Against Putin

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Even before President Vladimir V. Putin of Russia broke his public silence on Monday about the aborted mutiny that brought rogue troops to within 125 miles of Moscow, he was on the phone to the leaders of Iran, Qatar and other friendly countries, soaking up their expressions of support while presumably promising a return to stability. For Mr. Putin, who has cobbled together a surprisingly sturdy list of countries that either back his war on Ukraine or have stayed neutral, it was a much-needed display of mutual reassurance. Russia’s message,…

Women’s Tennis Tour Approves Deal for Pay Equity by 2033

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The women’s professional tennis tour took another step on Tuesday toward closing the gender pay gap, as players and tournament officials committed to bringing their prize money in line with the men for the most significant tournaments, though the shift won’t be complete for 10 years. The move came after months of negotiations within the WTA Tour, which includes tournament organizers, as well as years of complaints from players and foot-dragging by tournament officials who for decades have paid female professionals a fraction of what they pay the men even…

Biden Administration Engages in Long-Shot Attempt for Saudi-Israel Deal

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Shortly after his plane took off earlier this month from Riyadh, where he had held a lengthy meeting with Saudi Arabia’s crown prince, Secretary of State Antony J. Blinken called a different Middle East leader, Prime Minister Benjamin Netanyahu of Israel. Over 40 minutes, Mr. Blinken gave the Israeli leader a briefing about the significant demands the young crown prince, Mohammed bin Salman, was making for his nation to normalize diplomatic relations with Israel. Mr. Netanyahu had an update on his own demands. The phone call — described by two American…

Global Oil Demand Is Set to Slow

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World demand for oil is likely to drop off sharply over the next five years, the International Energy Agency said Wednesday, as a shift to electric vehicles and other cleaner technologies brings growth in global oil use almost to a complete halt. “The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade,” said Fatih Birol, the agency’s executive director, in a news release. The assessment, which foresees global gasoline use declining after 2026, will…

A Saudi-China business conference underscores strengthening ties.

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The message at an Arab-China business forum hosted by Saudi Arabia this week was not particularly subtle, as hundreds of Chinese officials and executives gathered beneath giant chandeliers, smiling for selfies and snacking on organic dates. “If you want a trusted partner in the world — one of the best partners in the world — it’s the People’s Republic of China,” Mohammed Abunayyan, the chairman of a Saudi renewable energy company, declared from the stage, to resounding applause. “China is a partner you can depend on,” he said on Sunday, the…

Blinken’s Visit to Saudi Arabia Caps Biden Effort to Rebuild Ties

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By the time Secretary of State Antony J. Blinken wrapped up a visit to Saudi Arabia on Thursday, he and Saudi officials had discussed cooperation on a smorgasbord of issues: Iran, Sudan, the Islamic State, regional infrastructure, clean energy and the potential normalization of Saudi-Israel relations. Mr. Blinken gave effusive remarks on the work being done at a news conference in Riyadh: “It is critical for expanding opportunity and driving progress for our people and for people around the world.” It was the type of bonhomie that American officials usually…

China and Saudi Arabia boycott G20 meeting held by India in Kashmir

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India’s presidency of the G20 group of leading nations has become mired in controversy after China and Saudi Arabia boycotted a meeting staged in Kashmir, the first such gathering since India unilaterally brought Kashmir under direct control in August 2019. The meeting, a tourism working group attended by about 60 delegates from most G20 countries taking place from Monday to Wednesday, required a large show of security at Srinagar international airport. In 2019 the Indian government stripped the disputed Muslim-majority region of semi-autonomy and split it into two federal territories…