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Saudi Arabia
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Saudi Arabia

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Saudi Arabia
Saudi Arabia
The latest news, analysis and opinion on Saudi Arabia. In-depth analysis, industry insights and expert opinion.
Capital
Riyadh
Head of State
King Salman bin Abdulaziz Al Saud
Head of Government
Prime Minister Mohammed bin Salman Al Saud
Nasdaq is set to become the world's biggest IPO market this year with the SpaceX listing. Photo: Reuters
IPO

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

US, Israel war on Iran

Trump calls off new Iran attack at request of Gulf states

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US, Israel war on Iran

How does the Strait of Hormuz stand-off look in the wake of Trump-Xi summit?

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Iran

Iran war pushes Asia’s Gulf migrants to use stablecoins for remittances

The risk of sanctions has fuelled concerns that monetary transfers from migrant workers via banks or other operators could be disrupted.

Foreign workers look at a tall plume of black smoke after an explosion in the Fujairah industrial zone in the UAE in March amid the Iran war. Photo: AFP
Diplomacy

Opinion | Just because Brics isn’t a coherent bloc doesn’t mean it’s impotent

The grouping has a future, not as a binding structure demanding policy alignment but as a tool for members to enhance leverage and maximise options.

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Middle East

Opinion | The problem no one is naming as the UAE dramatically exits Opec

The fighting over oil production quotas was the symptom. Security realignment is the disease.

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South Korea

South Korea draws Gulf oil storage interest as Hormuz stays closed

Saudi Arabia, Kuwait and the UAE are among major oil producers looking to South Korea’s underground storage facilities, officials say.

Oil storage tanks at the Daesan petrochemical complex in Seosan, South Korea. Most of the country’s “oil reserve base” storage facilities have been built underground. Photo: Reuters
Hong Kong economy

Editorial | GDP uptick signals Hong Kong’s economy is on the right path

The city is betting on diversification – fully integrating with the mainland economy while expanding trade and business ties with others.

Diplomacy

Opinion | How China-Gulf ties can turn energy vulnerability into sustainability

Hormuz tensions are a reminder to start building a better, more sustainable energy order before the next crisis hits; Hong Kong can help.

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China's military weapons

Will new Saudi-Pakistan defence pact give Chinese arms risk-free exposure?

Islamabad’s elevated stature in Middle East security could make it ‘the operational face of Chinese defence systems’ via regional deployment.

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Illustration: Henry Wong
Middle East

Letters | UAE’s Opec exit reflects a complex world

Readers discuss the UAE’s decision to leave the oil cartel, and a Vietnamese leader’s choice to travel twice on China’s high-speed trains.

A commercial vessel is seen off the coast of Dubai on April 20. Photo: AFP
Middle East

‘Structural shift’: new routes for Middle East freight to bypass Hormuz

Saudi Arabia, Turkey and the UAE lead a push for a new trade architecture with multiple nodes linking the Indian Ocean to the Mediterranean Sea.

Middle East

UAE’s Opec exit signals aim to accelerate foreign policy diversification

Iran’s attacks on Gulf states have forced Abu Dhabi to rethink its place within the Saudi Arabia-led diplomatic architecture, analysts say.

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Pakistan

Pakistan’s IMF-backed recovery under pressure as Iran-US mediation stalls

While Islamabad continues to push for peace, the war threatens to erode its foreign exchange reserves and make financing harder to secure.

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A trader monitors share prices at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, on Monday. Photo: EPA
US, Israel war on Iran

The UAE’s exit from Opec could bring ‘even bigger trouble’: Chinese expert

While the UAE’s departure from oil cartel is disruptive, it could also further drive apart Gulf Cooperation Council members, observer says.

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The Gulf Cooperation Council has been fractured by an intensifying rivalry between Saudi Arabia and the UAE, as the countries each pursue competing visions of regional leadership. Photo: AFP
Thailand

Bridge too far? Hormuz crisis revives Thailand’s controversial plan

While the plan to bypass the Malacca Strait is popular with Anutin’s government, economists and environmentalists say it is not realistic.

US, Israel war on Iran

Why UAE’s exit from Opec is good news for oil-thirsty Asia

Once free of Opec’s production caps, the world’s sixth-largest oil producer plans to flood the market with 5 million barrels a day.

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China exports

How China’s reported sulphuric acid export ban could have global buyers reeling

Foreign firms fear more halts following reports of a ban on the export of the chemical, crucial for fertiliser and battery production.

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Illustration by Henry Wong
China-Middle East relations

China’s calls to open Hormuz show the limits of its ties to Iran, experts say

While Beijing has long seen Tehran as a useful partner, the nation is not crucial to its Middle East strategy, analysts argue.

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US, Israel war on Iran

UAE to leave Opec after 6 decades, oil cartel unity questioned

Abu Dhabi, long at odds over quotas, says exit will free output as experts point to Saudi rift and push to boost production.

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United States

Austrian citizen admits plot to kill at Taylor Swift concert in Vienna

The 21-year-old and two other men also planned attacks in Saudi Arabia, Turkey and the United Arab Emirates.

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Defendant Beran A hides his face while being escorted out of court in Austria. He is standing trial for plotting to carry out an attack on one of superstar singer Taylor Swift’s 2024 Vienna concerts. Photo: AP
Donald Trump

Trump demands firing of Kimmel over ‘expectant widow’ joke

Late-night TV host made a morbid joke about first lady Melania Trump days before the Washington gala shooting.

President Donald Trump has called on ABC to immediately fire late night host Jimmy Kimmel. Photo: AFP
Electric & new energy vehicles

Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific

Beijing-based EV maker expects overseas deliveries to account for 30 per cent of its total by 2030, president Ma Donghui says.

US, Israel war on Iran

Pakistan, Turkey, Saudi Arabia, Egypt: the Middle East’s new power brokers?

‘Fear of US abandonment’ is helping forge a new Middle East – but don’t expect an Islamic Nato just yet.

SCMP Highlights

Trump extends Iran ceasefire; Hong Kong actress’ cancer shock: 7 highlights

From Hong Kong’s triple baby bonus scheme to President Xi Jinping’s Strait of Hormuz call, here are highlights from SCMP’s recent reporting.

Cargo ships near the Strait of Hormuz. Photo: Reuters
Diplomacy

Editorial | Saudi leader’s phone call to Xi Jinping shows shifting global power balance

For long-time US ally Riyadh to seek out China suggests a growing lack of conviction among countries that the US alone can shape the global order.

Saudi Crown Prince Mohammed bin Salman welcoming Chinese President Xi Jinping to Riyadh, on December 8, 2022. Photo: AFP
US, Israel war on Iran

Opinion | How China’s patient diplomacy can help secure peace in Iran

China’s diplomacy, backed by leverage and guarantees of assistance, could provide a template for contemporary conflicts where a single side cannot carry the day.

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Singapore

UN alarmed by Singapore executions for drug-related offences

UN rights chief Turk said drug-related offences not involving loss of life did not meet the ‘most serious crimes’ standard by international law.

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