The latest investments mark the largest such announcement since the U.S. lifted sanctions on Syria in December.

The MOU comes as Somalia seeks regional support against Israel’s recognition of the breakaway region of Somaliland.

The third edition of the World Defense Show opened Sunday in the Saudi capital, drawing around 1,000 exhibitors from over 85 countries, including defense manufacturers from the US, China, Russia, and Ukraine,

By Timour Azhari RIYADH, Feb 9 (Reuters) - Saudi Arabia's $925 billion Public Investment Fund (PIF) plans to announce a new five-year strategy this week, two people with direct knowledge of the matter said,

Saudi Arabia is widening its search for capital, turning to some of the kingdom’s wealthiest families as the government looks to ease pressure on public finances and fund the next phase of Crown Prince Mohammed bin Salman’s economic overhaul.

The deals follow Syria's hosting of the signing of a memorandum of understanding between Chevron and a Qatar-based company to pursue offshore oil and gas exploration.

Saudi Arabia committed $2.8B to Syria's infrastructure in February 2026. Without governance frameworks, reconstruction risks replicating pre-war capture dynamics.

The PIF Saudi Ladies International kicks off the Ladies European Tour this week with a $5 million purse, the largest outside the majors and CME.