Syrian Foreign Minister Asaad Hassan al-Shibani said on Wednesday that the country will open its economy to foreign investment and that Damascus is also working on energy and electricity partnerships with Gulf states.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Saudi Arabia's state oil company Aramco bought its first cargo of WTI Midland, a U.S. crude oil grade that underpins the global Brent benchmark, oil-index publisher S&P Global Commodity Insights said on Wednesday.

Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration contributing to the risk of a war between Israel and Iran, addressing an issue the region has feared since the start of Israel's war in Gaza.

Saudi Arabia said it received a record 30 million foreign tourists last year as the kingdom spends heavily on hotels, luxury projects and entertainment to transform itself into a hub for tourism.

Minister of Investment Khalid Al-Falih revealed that Saudi Arabia has exceeded the set targets in the path of pumping investments worth $3.3 trillion in the primary economy, which is the target level to be achieved by 2030.

Saudi Arabia's foreign minister visits Lebanon on Thursday in the first trip to Beirut by Riyadh's top diplomat in 15 years, seeking a commitment to reform as the Gulf state reasserts sway in a country where Iranian influence is waning.

Saudi Minister of Commerce Dr. Majid Al-Kassabi announced on Wednesday that the Kingdom’s trade in services reached SAR540 billion in 2023, reflecting an annual growth rate of 7%. Speaking at a panel discussion on Trade in Service at the World Economic Forum in Davos,

The Office of the President is preparing the visit of President Volodymyr Zelenskyy to Saudi Arabia.This was announced by the head of the Office of the

Finance Minister Mohammed Al-Jadaan said that Saudi Arabia has set a target of $100 as a return on investment for every dollar allocated in the budget, and succeeded in achieving double returns amounting to $200.

Tehran, IRNA – The foreign minister of Saudi Arabia has stressed the importance of preventing the start of any war in the region, as the regional countries have “feared since the start of Israel's war in Gaza,” last October.

Saudi Arabia’s business jet sector achieved a record 24% jump in flight volumes in 2024, the General Authority of Civil Aviation has announced whilst profiling the