The Latest Breaking News from Saudi

Moody's has changed its outlook on Saudi Arabia’s Public Investment Fund (PIF) from "stable" to "positive" and affirmed its long-term issuer and senior unsecured ratings at A1. According to the performance evaluation, the rating reflects PIF's standalone creditworthiness as expressed by a BCA of A1.

Gulf Cooperation Council (GCC) foreign ministers have welcomed the Saudi-Iran agreement sponsored by China.

The Silverstone squad has shown race pace second only to reigning constructors’ champion Red Bull at the start of the new season, with Alonso reinstated to third place in the Saudi Arabian Grand Prix after his team successfully appealed a 10-second reprimand for the rear jack touching the car during…

Riyadh and Tehran may have moved to bury some of their differences, but it is unclear whether same will happen in Yemen.

Human rights campaigners argue there is no difference between thwarted Saudi bid to sponsor Women’s World Cup and its rebel golf funding

The runaway winner in Bahrain a fortnight previously had taken a clean sweep across the practice sessions, ending the three hours of running with a cumulative advantage of 1.3s.

The possibility of the grand prix in Jeddah becoming the first race next season emerged late last year when Australian Grand Prix bosses revealed that Saudi Arabia had requested it because of Ramadan. 

Max Verstappen picked up where he left out in Bahrain with a dominant performance in Friday’s two practice sessions for the Saudi Arabian Grand Prix.

George Russell and Lewis Hamilton will be up against it at the Saudi Arabia Grand Prix as Mercedes look to compete at the front of the grid with pace setters Red Bull

F1 heads back to Jeddah for the second race of the 2023 season this weekend, the first event after the 2022 edition was marred and nearly aborted following the threat of a drivers' strike in the aftermath of a Houthi missile strike on a nearby Aramco oil facility during practice. 

In brokering a detente between Iran and Saudi Arabia – and offering its own peace plan for Ukraine – we have been given a glimpse of Beijing’s grander vision, writes Borzou Daragahi