Recent news and analysis on Saudi Arabia

Latest news, breaking stories, and expert analysis on Saudi Arabia. Stay informed with comprehensive coverage from trusted sources.

• Russia names Saudi Arabia guest country at St. Petersburg forum

  Russia has designated Saudi Arabia as its guest country at the 2026 St. Petersburg International Economic Forum, underscoring their deepening ties amid OPEC upheaval. The UAE left OPEC on May 1, weakening the cartel's pricing power, while Russia and Saudi Arabia together produce over 20% of the world's oil.

• Saudi non-oil private sector expands at fastest pace in three months

  Saudi Arabia's non-oil private sector grew at the fastest rate in three months in May 2026, driven by stronger output and new orders, showing resilience amid the Iran war. The economy shrank 1.5% in Q1 due to declining oil activity, but non-oil sectors remain robust.