Global

Saudi Arabia says ‘absolutely not’ to oil phaseout at COP28

Saudi Arabia’s energy minister has slammed the door shut on agreeing to phase out fossil fuels at the U.N.’s COP28 climate talks, setting the stage for difficult negotiations in Dubai. A tentative “phasedown/out” was included in a first draft of an agreement on climate action that delegates are haggling over during talks that are scheduled

READ MORE
Deportes

Why is Saudi Arabia buying 10% of Heathrow airport in the UK?

Saudi Arabia’s Public Investment Fund is set to acquire a 10% stake in London’s Heathrow airport from Spanish firm Ferrovial as part of a major shareholder reshuffle. ADVERTISEMENT Saudi Arabia’s Public Investment Fund (PIF) has entered into an agreement to purchase a 10% stake in London’s Heathrow airport, marking a significant shift in the airport’s

READ MORE