Experts Tell Asharq Al-Awsat: Nuclear Agreement Strengthens Saudi Arabia's Reliability in Global Markets

Prince Abdulaziz bin Salman meets with Energy Secretary Chris Wright during the latter's visit to the Kingdom last year (X).
Prince Abdulaziz bin Salman meets with Energy Secretary Chris Wright during the latter's visit to the Kingdom last year (X).
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Experts Tell Asharq Al-Awsat: Nuclear Agreement Strengthens Saudi Arabia's Reliability in Global Markets

Prince Abdulaziz bin Salman meets with Energy Secretary Chris Wright during the latter's visit to the Kingdom last year (X).
Prince Abdulaziz bin Salman meets with Energy Secretary Chris Wright during the latter's visit to the Kingdom last year (X).

Economic experts and specialists told Asharq Al-Awsat that the peaceful nuclear agreement between Saudi Arabia and the United States marks a new and unprecedented phase of strategic, high-value cooperation between the two countries. They said the agreement extends beyond its technical and developmental impact on the energy sector, strengthening the Kingdom's credibility in international markets as an attractive hub for cross-border investment.

It also provides the Saudi economy with greater resilience and stronger protection against unexpected global shocks, drives a qualitative leap in local manufacturing, and advances the objectives of Saudi Vision 2030.

Analyzing the agreement's benefits, Shura Council member Fadl bin Saad Al-Buainain told Asharq Al-Awsat that the deal carries major strategic and economic significance. From a strategic perspective, it deepens the longstanding partnership between Riyadh and Washington and provides a framework for long-term cooperation that supports key aspects of comprehensive national security.

Al-Buainain stressed that the agreement should be viewed through a broad strategic lens rather than being assessed solely on the basis of direct costs and returns. He said its benefits extend across the economy, including water security, energy security, and regional stability, with Saudi Arabia serving as the region's central pillar.

Benefits for the National Energy Sector

Discussing the agreement's direct impact on energy and natural resources, Al-Buainain said the introduction of peaceful nuclear energy would improve production efficiency in sectors vital to the economy, particularly electricity generation and water desalination, which remain strategic priorities for the Kingdom's water security.

He added that using nuclear power to generate electricity would free up substantial volumes of oil and natural gas currently consumed by domestic power plants. Those resources could then be redirected toward exports to increase government revenues while also helping meet growing domestic demand, particularly from the industrial, mining, and advanced technology sectors. He also noted the Kingdom's ambition to make optimal use of its uranium reserves and develop uranium enrichment capabilities to achieve self-sufficiency in nuclear fuel and strengthen the sovereignty of its energy sector.

Localizing Advanced Technologies

Addressing the agreement's long-term horizon, Al-Buainain said the approximately 30-year accord establishes a lasting partnership that will help ensure continued investment flows, technology transfer, and stronger ties with leading US companies.

He said the partnership is expected to serve as a gateway for advanced technologies and high-value industries linked to the nuclear sector while developing the skills of young Saudi professionals. This would support economic diversification and create a new growth sector underpinning a wide range of productive industries. He also pointed to the possibility of exporting electricity to neighboring countries through regional power interconnection networks.

Attracting Foreign Investment

For his part, Dr. Abdulrahman Baashen, head of the Al-Shorouq Center for Economic Studies in Jazan, told Asharq Al-Awsat that the agreement lays the most important strategic foundation for a first-of-its-kind bilateral partnership, raising the level of industrial and technological cooperation between the two countries.

He said the agreement would accelerate the Kingdom's efforts to improve energy efficiency, expand clean energy, protect the environment, and achieve its net-zero emissions targets under the commitments of Saudi Vision 2030.

Baashen added that the partnership opens broad opportunities to introduce and localize advanced industries that complement strategic sectors, including artificial intelligence, semiconductor manufacturing, and advanced chip production. He said this would enhance the competitiveness of Saudi products in global markets and strengthen the stability of the Kingdom's industrial base.

Baashen concluded that the agreement's most significant immediate impact lies in enhancing the Saudi economy's overall reliability in the eyes of global investors and international companies. He said this would stimulate foreign direct investment and pave the way for international and regional partnership projects that would provide the national economy with stronger protection against economic shocks and global volatility.



SAMA Governor: Saudi Infrastructure Sustains Oil Supplies, Regional Trade Amid Conflict

Officials at the meeting of the International Monetary and Financial Committee of the International Monetary Fund in Bangkok. (X)
Officials at the meeting of the International Monetary and Financial Committee of the International Monetary Fund in Bangkok. (X)
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SAMA Governor: Saudi Infrastructure Sustains Oil Supplies, Regional Trade Amid Conflict

Officials at the meeting of the International Monetary and Financial Committee of the International Monetary Fund in Bangkok. (X)
Officials at the meeting of the International Monetary and Financial Committee of the International Monetary Fund in Bangkok. (X)

Saudi Arabia’s diversified energy infrastructure and logistics networks have enabled the Kingdom to maintain oil supplies and regional trade despite the widening economic fallout from the Middle East conflict, said Saudi Central Bank (SAMA) Governor Ayman Al-Sayari.

Addressing the International Monetary and Financial Committee (IMFC) of the International Monetary Fund in Bangkok, chaired by Saudi Finance Minister Mohammed Al-Jadaan, Al-Sayari highlighted the Kingdom’s ability to withstand the crisis, supported by prudent policies, substantial financial and nonfinancial buffers, and a well-capitalized banking sector.

He stressed Saudi Arabia’s commitment to supporting economic activity and preserving monetary and financial stability without compromising fiscal sustainability.

Al-Sayari stressed that energy security depended not only on the availability of supplies but also on their reliable and affordable delivery to international markets.

He called for sustained investment throughout the energy supply chain, from production and refining to storage and diversified transport routes, as well as across all energy sources, including oil and gas.

The conflict’s initial impact, concentrated in energy markets and major shipping corridors, had gradually spread to trade, transportation, inflation, financing conditions and investor confidence.

Disruptions had also extended beyond crude oil and natural gas to refined petroleum products, particularly transportation fuels, as well as fertilizers and essential production inputs, increasing price pressures and threatening food security and production.

While rerouting supplies and drawing down inventories had helped cushion the immediate shock, those measures had reduced the capacity to absorb further disruptions, Al-Sayari cautioned.

Banking sector withstands shocks

Turning to the domestic economy, Al-Sayari highlighted the resilience of Saudi banks, whose capital and liquidity positions remain robust, with financial soundness indicators among the strongest in the region.

He attributed the Kingdom’s ability to preserve domestic stability to decades of prudent economic management, effective risk management and strategic investment, explaining that its extensive energy and logistics infrastructure had also helped maintain oil supplies and regional commerce and mitigate the impact of disruptions in global energy markets.

He underlined that Saudi Arabia would continue adjusting its response as the conflict evolved, preserving room to address further developments while maintaining fiscal discipline.

Saudi Central Bank (SAMA) Governor Ayman Al-Sayari. (IMF)

Vision 2030 strengthens economic foundations

Al-Sayari said Saudi Vision 2030, now entering its tenth year, had reinforced the Kingdom’s economic foundations by expanding non-oil activity, increasing private sector participation and strengthening institutions and reform implementation.

He underlined the government’s commitment to productivity-enhancing reforms, greater private investment opportunities, more efficient public spending and sound public finances.

The next phase would focus on further diversification, deeper financial markets and human capital development, alongside improvements in infrastructure and institutional capacity to support sustainable and inclusive growth.

IMF urged to implement institutional reforms

On international cooperation, Al-Sayari called on the IMF to prioritize the implementation of recently reviewed institutional reforms covering economic surveillance, program design and conditionality, financial sector assessments and the debt sustainability framework for low-income countries.

Fund-supported programs should reflect individual countries’ circumstances, needs and capacity to implement reforms with conditions focused on measures essential to their success, he remarked.

He also advocated closer coordination between surveillance, lending and technical assistance, as well as timely and orderly resolution of unsustainable debt and stronger cooperation among creditors.

Al-Sayari reiterated Saudi Arabia’s support for IMF capacity development, including its $279 million pledge and backing for the Fund’s regional office in Riyadh.

He also drew attention to risks stemming from volatile capital flows, rising sovereign bond yields and the expanding role of nonbank financial institutions.

Artificial intelligence and stablecoins presented implications for both productivity and financial stability, underscoring the importance of strengthening analysis and oversight to address emerging risks, he noted.


Asian Shares are Mixed with Tech Stocks Volatile, and Oil Falls on Trump's Russian Sanctions Waiver

Passersby walk past a stock market indicator board in Tokyo, Japan, 15 October 2026. EPA/FRANCK ROBICHON
Passersby walk past a stock market indicator board in Tokyo, Japan, 15 October 2026. EPA/FRANCK ROBICHON
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Asian Shares are Mixed with Tech Stocks Volatile, and Oil Falls on Trump's Russian Sanctions Waiver

Passersby walk past a stock market indicator board in Tokyo, Japan, 15 October 2026. EPA/FRANCK ROBICHON
Passersby walk past a stock market indicator board in Tokyo, Japan, 15 October 2026. EPA/FRANCK ROBICHON

Asian shares were mixed Monday as volatility in technology stocks persisted, while US equity futures edged higher ahead of another week of American corporate earnings results.

Oil prices fell more than 1% after US President Donald Trump’s decision to waive sweeping sanctions on Russia, including on Russian energy, The Associated Press said.

A sell-off of technology shares from Asia to Wall Street recently put downward pressure on stock markets, as investor concerns grow over the sustainability of the artificial intelligence boom.

South Korea’s benchmark Kospi index was up 1.1% to 5,729.58 on Monday, after falling sharply last week. The Kospi is down more than 18% over the past month, and still well below the 9,000 mark it crossed in June at its peak on the global AI frenzy.

Samsung Electronics was up 0.7%, while memory chipmaker SK Hynix fell 0.9%.

Japan’s Nikkei 225 lost 0.8% to 64,799.03. Japanese chip equipment maker Tokyo Electron lost 2.1%, and OpenAI investor SoftBank Group dropped 3.6%.

Hong Kong’s stock market was closed because of a holiday. The Shanghai Composite index edged 0.2% higher to 3,722.20, after China reported better-than-expected growth of 4.5% for its economy in the July-September quarter.

CXMT, China’s leading memory chipmaker, fell more than 7% despite the company forecasting a strong profit for the first nine months.

Taiwan’s Taiex fell 1%. Shares of Taiwan Semiconductor Manufacturing Co., or TSMC, the world’s biggest contract chipmaker, were down 0.6%.

Australia’s S&P/ASX 200 was 0.3% higher at 8,832.20.

India’s Sensex edged down 0.1%.

Indonesia’s benchmark stock index fell another 5% to its lowest level since 2020, after it plunged over 11% on Friday following a warning from index provider MSCI that it would downgrade the country from its “emerging market” status.

On Friday, Wall Street’s benchmark S&P 500 declined 1.1%. The Dow Jones Industrial Average fell 0.3%, and the technology-heavy Nasdaq composite sank 2.1%.

Investors this week are watching for more big corporate earnings results from the US, including Meta, Netflix, General Motors, Tesla and IBM. Strong company earnings have been one factor that’s been keeping US stocks robust lately.

Oil prices were down early Monday, with Brent crude, the international standard, falling 1.8% to $107.86 per barrel.

Benchmark US crude dropped 1.6% to $97.43 per barrel.

Oil fell after Trump on Friday signed an executive order to put new broad US sanctions against Russia on hold just days before they were to come into effect, drawing disappointment from Ukraine, with the move likely resulting in more energy exports from Russia.

Trump's decision came not long after he said earlier this month he had reached a diesel deal with Russia in an attempt to bring down elevated US fuel prices ahead of the Nov. 3 midterm elections.

But even with the decline, oil prices have remained elevated compared with those seen before the Iran war. Global oil supply risks are still high amid tensions in the Middle East, including uncertainty surrounding oil transport in the Strait of Hormuz, adding upward pressure to prices.

The US dollar fell slightly to 158.09 Japanese yen from 158.10 yen. The euro was trading at $1.1231, down from $1.1234.


Anthropic Commits 5% of Its Stock to a New 'Public Benefit' Fund

FILE PHOTO: An Anthropic logo is displayed at Moscone Center during the Dreamforce 2026 technology summit in San Francisco, California, US, September 17, 2026. REUTERS/Carlos Barria/File Photo
FILE PHOTO: An Anthropic logo is displayed at Moscone Center during the Dreamforce 2026 technology summit in San Francisco, California, US, September 17, 2026. REUTERS/Carlos Barria/File Photo
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Anthropic Commits 5% of Its Stock to a New 'Public Benefit' Fund

FILE PHOTO: An Anthropic logo is displayed at Moscone Center during the Dreamforce 2026 technology summit in San Francisco, California, US, September 17, 2026. REUTERS/Carlos Barria/File Photo
FILE PHOTO: An Anthropic logo is displayed at Moscone Center during the Dreamforce 2026 technology summit in San Francisco, California, US, September 17, 2026. REUTERS/Carlos Barria/File Photo

Anthropic said Sunday it is committing 5% of its shares to a new “public benefit” fund, with the fund's worth potentially increasing as its shares grow in value.

The shares will go to the Anthropic Public Benefit Fund, a new entity within the company, The Associated Press said.

The fund “will have increased flexibility and scale, enabling us to pursue our mission in new ways: for example, we might explore large donations to traditional nonprofits or direct distributions to specific populations,” Anthropic said in a blog post. It gave labor market impacts as an example, saying that while it has already committed $200 million to study the effects of artificial intelligence, “given the pace of AI progress, bolder approaches may be needed.”

CEO Dario Amodei and the company’s five other cofounders established Anthropic as a public benefit corporation, a designation that for-profit companies select to balance financial goals and social impact.

They have also pledged that they will donate 80% of their wealth. An equity donation match program, in which about half of the company's employees participate, lets workers pledge equity that Anthropic matches.

When combined with Sunday’s announcement, Anthropic said roughly 20% of its shares will be dedicated to the “public good,” plus any additional percentage that could be added if the company’s valuation reaches specific milestones.

Anthropic is planning a massive initial public offering as soon as November.