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TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

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The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

Saudi will not normalize ties with Israel without two-state solution

Prince Faisal bin Farhan Al Saud.
  • Saudi Arabia is a close partner of the US but has repeatedly refused to normalize ties with US-ally Israel due to its occupation of Palestinian territories.
  • The West Bank and the Gaza Strip plus Israeli-annexed east Jerusalem were long touted as the basis of a Palestinian state in a "two-state" solution.

Riyadh, Saudi Arabia–Saudi Arabia will not normalize ties with Israel in the absence of a two-state solution with the Palestinians, the kingdom’s top diplomat has said, according to a tweet by the foreign ministry on Friday.

The comments by Prince Faisal bin Farhan Al Saud on the sidelines of the World Economic Forum in Davos came as Israeli Prime Minister Benjamin Netanyahu discussed normalization with Saudi Arabia in talks with White House National Security Advisor Jake Sullivan in Jerusalem on Thursday.

“True normalization and true stability will only come through… giving the Palestinians a state,” Prince Faisal told Bloomberg at the summit.

Saudi Arabia, the world’s largest oil exporter, is a close partner of the United States but it has repeatedly refused to normalize ties with US-ally Israel due to its occupation of Palestinian territories.

The US-brokered Abraham Accords in 2020 saw the kingdom’s neighbors — the United Arab Emirates and Bahrain — establish full diplomatic ties with Israel.

Netanyahu has repeatedly expressed his desire to see Saudi Arabia join the list.

In their talks on Thursday, Netanyahu and Sullivan discussed “measures to deepen the Abraham Accords… with an emphasis on a breakthrough with Saudi,” the Israeli leader’s office said.

The West Bank and the Gaza Strip plus Israeli-annexed east Jerusalem were long touted as the basis of a Palestinian state in a “two-state” solution to the long-running conflict.

But that goal has become ever more distant, with the occupied West Bank fragmented by Jewish settlements.

Netanyahu plans to pursue a policy of increased settlement expansion in the West Bank, with ultra-Orthodox Jewish parties in his coalition advocating the annexation of some of the territory.