Category: Saudi Arabia

Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The New York Times – Business:
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
What LIV Golf’s Demise Means for Saudi Influence

The New York Times – Business:
The upstart golf circuit couldn’t conquer the sport, despite big spending by Saudi Arabia. Its end signals limits to how much the country will spend.
What’s Driving the Wartime Stock Rebound

The New York Times – Business:
The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
Investors Question Whether Quick Peace in Iran Is Possible

The New York Times – Business:
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
Attacks on Energy Infrastructure Could Lead to Much Higher Prices

The New York Times – Business:
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem

The New York Times – Business:
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
U.S. Tech Giants Flocked to the Persian Gulf. Now They Are Targets.

The New York Times – Business:
Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.
War With Iran Puts Further Strain on America’s Pessimistic Farmers

The New York Times – Business:
Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
Elon Musk’s xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm

The New York Times – Business:
Humain, which was created by Crown Prince Mohammed bin Salman last year, said it made the investment just before xAI was acquired by SpaceX, Mr. Musk’s rocket company.
Saudi Arabia, Once Shunned, Has Corporate Titans Swooning for Deals

Some of the most prominent U.S. executives gathered at the Kennedy Center for an event promoting deal-making with the oil-rich kingdom.
Saudi Arabia Backs Elon Musk’s xAI With Data Center Deal

Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his country’s economy.
Melania Trump Goes Saudi Green

At the official dinner for Prince Mohammed bin Salman, the first lady offered an unexpected sign of allegiance.