Saudi

Main architectural features of a mustatil. Credit: Kennedy et al., 2023, PLOS ONE, CC-BY 4.0 (creativecommons.org/licenses/by/4.0/) A comprehensive analysis of an archaeological site in Saudi Arabia sheds new light on mustatils—stone monuments from the Late Neolithic period thought to have been used for ritual purposes. Melissa Kennedy of the University of Western Australia, Perth, and colleagues, in conjunction with The Royal…

Boeing said Tuesday it has reached a deal to sell 78 of its 787 Dreamliner planes to two Saudi airlines, the latest large order for the wide-body jets in the past few months.The jetliners will go to Saudi Arabian Airlines, or Saudia, and a new airline, called Riyadh Air, which Crown Prince Mohammed bin Salman announced over the weekend. Saudia ordered 39 of the planes, with options for 10 more, and Riyadh Air will get 39 of the two largest models of the planes, with options for 33 more.Boeing did not disclose a timeline…

Two Saudi Arabian airlines said they would buy almost 80 Boeing Co. BA 2.00% 787 Dreamliners, part of a broader plan to boost travel to the oil-rich kingdom. U.S. administration officials said the deal announced Tuesday was worth a combined $37 billion and included options to take the sale up to 121 aircraft. The jets would be powered by U.S.-made General Electric Co. GE 2.55% engines.…

Two Saudi Arabian airlines are nearing a deal to buy a total of about 80 Boeing Co. BA 0.15% 787 Dreamliners with options for some 40 more, people familiar with the matter said, another significant order for the American aircraft manufacturer. Riyadh Air, a new airline launched by the Saudi sovereign-wealth fund over the weekend, is expected to commit to purchasing 39 of the wide-body jets, while existing carrier Saudia is expected to…

RIYADH, Saudi Arabia—This oil rich kingdom unveiled a new international airline called Riyadh Air, aiming to compete with a handful of other Middle Eastern carriers that have used their geography to build world-class airlines and attract business travelers and tourists. Saudi Arabia’s sovereign-wealth fund, the Public Investment Fund, is close to committing to a big order of Boeing Co. BA 0.91% jets to underpin the new airline, The Wall Street Journal first reported over…

Saudi Arabia’s national oil company reported record annual profit of $161 billion for 2022, the largest ever by an energy firm, continuing a dramatic turnaround for the global oil industry after the Ukraine war lifted crude prices and upended commodity flows.Saudi Arabian Oil Co., known as Aramco, said its yearly profit swelled by 46% in 2022, a period when Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, continued to rebuff U.S. requests to pump more oil to help tame surging…

Fast News The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. Riyadh Air will serve more than 100…

DUBAI—Saudi Arabia’s Public Investment Fund is close to a deal for a large number of Boeing Co. commercial jets that will serve in the fleet of a new national airline, people familiar with the matter said. The Saudi sovereign-wealth fund is expected to announce the deal as soon as Sunday during an official launch of the airline, though the timing is still fluid, according to some of the people. The Boeing aircraft order is valued at $35 billion,…

Since the beginning of the high-profile legal wranglings between the PGA Tour and its rival LIV Golf last year, the Tour has consistently angled to place LIV’s backing from Saudi Arabia at the center of the feud. Now, the U.S. District Court for the Northern District of California has granted one of the PGA Tour’s chief goals. A ruling issued late Tuesday will allow the Tour to add Saudi Arabia’s Public Investment Fund, LIV’s financial backer, and its governor, Yasir Al-Rumayyan, as defendants in its…

A federal judge has ruled that LIV Golf’s financial backer, Saudi Arabia’s Public Investment Fund, and its governor, Yasir Al-Rumayyan, aren’t entitled to sovereign immunity and must turn over information connected with the upstart circuit’s courtroom battle with the PGA Tour.The PIF and Al-Rumayyan had argued that there was no court in the U.S. with jurisdiction over them, saying they were shielded because they are part of a foreign government.  It was a claim that highlighted the money—and…