Saudi Arabia

4 stories

World
Vision 2030
Saudi Arabia Halts NEOM's 'The Line' and Cuts Its 2030 Population Target
Saudi Arabia is scaling back NEOM, its flagship Vision 2030 megaproject. Under new CEO Aiman al-Mudaifer, reporting says work on 'The Line' has been halted until after 2030, with Red Sea tourism and the Trojena ski resort delayed. The 2030 population target has collapsed from roughly 1.5 million to as low as 100,000, while $3 billion is redirected to the port-city OXAGON. Finance Minister al-Jadaan says Riyadh has 'no ego' and will defer or cancel projects.
By Tom Reuter1 June 2026
World
Foreign policy
At Gymnich, Bettel tests Luxembourg's line on a wider EU foreign-policy agenda
The informal EU foreign ministers' meeting in Limassol put Ukraine, India and Saudi Arabia on an agenda where small states still have to be precise.
By Pierre Hansen29 May 2026
Politics
Diplomacy
Saudi Arabia Urges Restraint by US and Iran After Fujairah Attack
Riyadh's foreign ministry urged restraint from both Washington and Tehran on 4 May, marking a more dovish stance than its Gulf neighbours and underscoring the kingdom's reluctance to be drawn into a wider war.
By Marie-Anne Kayser4 May 2026
Finance
OPEC
UAE Moves Toward OPEC Exit Amid Gulf Rift Deepened by Iran War
Abu Dhabi's signalled withdrawal from OPEC and rare public rebuke of fellow Arab states have exposed a rift with Riyadh that the cartel will struggle to paper over.
By Pierre Hansen4 May 2026