The British government announced on Wednesday that it had struck a series of trade and investment agreements worth $8.6 billion with Saudi Arabia, marking a major step in the UK’s efforts to boost economic relations across the Gulf.
Finance Minister Rachel Reeves met senior Saudi officials and business leaders in Riyadh this week, where discussions focused on expanding trade, investment, and financial cooperation between the two countries.
As part of the deals, the UK’s Export Finance agency will provide around £5 billion in export credit to support British firms competing for contracts in Saudi Arabia.
Several major UK-based companies, including Aberdeen Investcorp, Barclays, HSBC, and artificial intelligence firm Quantexa, signed new agreements aimed at deepening their presence in the Gulf.
British officials say the partnership will help increase UK exports, create jobs, and attract fresh investment, reinforcing London’s goal of strengthening trade ties beyond Europe.
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Alphabet is emerging as a frontrunner in the global artificial intelligence race, as analysts and executives say Google has overtaken OpenAI, marking a sharp reversal from a year ago when the company was widely seen as lagging.
Using art as a quiet alarm, a new exhibition in Baku is drawing attention to endangered wildlife and the need for environmental responsibility.
Ukrainian and Russian negotiators began the second round of U.S.-brokered talks in Abu Dhabi on Wednesday (4 February).
Ukraine and Russia carried out a rare exchange of 314 prisoners on Thursday as U.S.-brokered talks in Abu Dhabi closed with a pledge to resume negotiations soon, offering one of the clearest signs of diplomatic movement in months.
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Iran’s Islamic Revolutionary Guard Corps (IRGC) unveiled a new underground ballistic missile base on Wednesday (4 February), just over a day before the start of mediated nuclear negotiations with the United States, slated for Friday in Oman.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Ukrainian President Volodymyr Zelenskyy accused Russia on Tuesday (3 February) of exploiting a U.S.-backed energy ceasefire to stockpile weapons and launch large-scale drone and missile attacks on Ukraine ahead of peace talks.
A London court has sentenced Russian captain Vladimir Motin to six years in prison for gross negligence over a 2025 ship collision that killed Filipino crew member Mark Pernia, whose body was never found.
In recent years, Abu Dhabi has emerged as a venue for high-stakes diplomacy, hosting sensitive talks on conflicts ranging from Ukraine-Russia to Armenia-Azerbaijan, as the United Arab Emirates positions itself as a neutral platform amid deepening global divisions.
British Prime Minister Keir Starmer delivered a stark apology on Thursday, launching a direct attack on former British ambassador to the United States Peter Mandelson and admitting he was wrong to trust him.
Iran’s Revolutionary Guards (IRGC) say they've detained two vessels in the Persian Gulf carrying more than 1 million litres of smuggled fuel, state media said, with 15 foreign crew members handed to judicial authorities.
Ukraine and Russia carried out a rare exchange of 314 prisoners on Thursday as U.S.-brokered talks in Abu Dhabi closed with a pledge to resume negotiations soon, offering one of the clearest signs of diplomatic movement in months.
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