Mohammed bin Salman

Saudi Arabia Plans Oil Rig ‘Adventure Tourism’ Theme Park

Saudi Arabia is expecting “around a million guests a year” to visit its oil rig-themed “adventure tourism” park that will feature an underwater restaurant, “immersive theater,” and multiple hotels, the executive in charge of the project told the Emirati newspaper The National on Tuesday.

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, op

Saudi Aramco Announces Second-Highest Profits on Record for 2023

Saudi Arabia’s national oil company, Aramco, on Sunday reported near-record profits of $121 billion in 2023. The eye-catching total might seem a bit surprising given media narratives that fossil fuels are on the way out, but Aramco found demand for oil stronger than ever, albeit distributed somewhat differently than in years past.

Prince Abdulaziz bin Salman, Saudi Arabia's energy minister, left, and Amin Nasser, c

Saudis Buy $3.2 Billion Missile Defense System from South Korea, Shop for Chinese Weapons

The South Korean Ministry of National Defense on Tuesday announced Saudi Arabia has agreed to purchase a $3.2 billion surface-to-air missile defense system, while China gushed that its weapons “attracted great interest” from the Saudis at a defense show in Riyadh over the weekend. The Saudis are also making strides with indigenously produced military systems, perhaps marking the definitive end of the Kingdom’s dependence upon the United States for defense products.

South Korea's Cheongung medium range surface-to-air missile system seen on display du

Saudi Arabia’s GDP Tops $1 Trillion as Oil Prices Surge

Saudi Arabia announced this weekend that its gross domestic product had crossed the threshold of $1 trillion for the first time in its history, a milestone reached with the aid of high global oil prices and heavy government investment in tourism and entertainment.

Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks to journ

China Celebrates ‘Honeymoon’ with Saudi Arabia After Biden Alienates Riyadh

The Chinese state newspaper Global Times proclaimed on Monday that China’s relationship with Saudi Arabia is in a “‘honeymoon’ period” following the deterioration of U.S.-Saudi relations under leftist President Joe Biden, citing the successful culmination of a Saudi-Chinese trade event this weekend reportedly resulting in $10 billion in deals.

Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin

Saudi Arabia Announces Solo Oil Production Cut After OPEC+ Meeting

Saudi Arabia announced a million-barrel-per-day (bpd) oil production cut on Sunday that would begin in July, a policy change following a meeting of the OPEC+ oil cartel in which several members failed to meet their production quotas and one, the United Arab Emirates (UAE), announced a production increase.

Abdulaziz bin Salman, Saudi Arabia's energy minister, center, speaks during a news co