US President Donald Trump said on Saturday that a broader agreement between the United States and Iran had been “largely negotiated” and that the Strait of Hormuz would be reopened, signalling potential momentum toward ending the monthslong conflict.
Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity.
Momentum is building toward US-Iran peace talks over the weekend following a possible agreement over Tehran’s nuclear programme and the ceasefire in Lebanon.
Ukraine has agreed to co-operate on defence with the UAE and Qatar as President Volodymyr Zelenskiy travelled to both countries amid escalating tensions in the region. Zelenskiy is looking at signing 10-year partnership agreements with both the Gulf countries.
The Gulf Cooperation Council (GCC) and India have launched trade agreement negotiations, marking a new phase in the strategic partnership.
