Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

UAE, Saudi leaders meet after rift over oil policy

    • Both review ‘deep-rooted fraternal relations’ between the two countries

    • They also discuss strategic cooperation in various fields to boost relations

    The key leaders of Saudi Arabia and the United Arab Emirates met in Riyadh on Monday, emphasizing the ties between the neighbors after a public row over oil policy.

    “My brother Mohammed bin Salman and I discussed ways to further deepen the fraternal bond and strategic cooperation between our nations,” Abu Dhabi’s Crown Prince Mohammed bin Zayed said after talks with Saudi Arabia’s Crown Prince Mohammed bin Salman.

    “The partnership between the UAE and Saudi Arabia continues to be strong and prosperous,” he tweeted.

    The pair have long been seen as the region’s power couple, known by their initials MBZ and MBS.

    The 23-member OPEC+ reached a compromise on Sunday, agreeing to continue to boost output modestly from August.

    Saudi state media said that Prince Mohammed had received the Emirati leader at the airport on his arrival.

    “During the meeting, they reviewed deep-rooted fraternal relations between the two countries and aspects of bilateral cooperation and ways to support and develop it in various fields,” the Saudi state news agency SPA said.

    The UAE’s official news agency WAM also reported that the two leaders explored avenues for enhancing the flourishing relations and strategic cooperation between their countries.

    The two sides reportedly discussed cooperation and acceleration of joint efforts to ensure the higher good of the peoples of their countries and the whole region, and reviewed the latest regional, Arab and international developments of mutual concern and efforts to eliminate political challenges towards achieving peace and stability.

    (With AFP inputs)