:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a
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:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz
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:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of
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:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that
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:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown
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:: On Tuesday the US Secretary of Defense, Mark Esper, took to Twitter to state that having met with some of the US’s key allies, “The consensus is clear – Iran is responsible for the extraordinary attack on Saudi Arabia.”
:: Leaders of the Iran-backed Houthi militia have told Saudi Arabian officials that they did not carry out the attacks on Saudi Aramco oil facilities and covered for Iran by claiming responsibility, the Wall Street Journal (WSJ) quoted two Saudi
:: Britain believes Iran was responsible for an attack on Saudi oil facilities and will work with the US and European allies on a joint response, Prime Minister Boris Johnson said on Monday. The US and Saudi Arabia have already
:: The Cabinet on Tuesday strongly condemned the attacks on two Saudi Aramco facilities in Abqaiq and Khurais and reaffirmed the Kingdom’s ability to effectively deal with such attacks and their impact. King Salman, who chaired the Cabinet session at
:: Drone attacks caused fires in two major Saudi Aramco facilities in the kingdom, the Saudi interior ministry said on Saturday. The attacks hit the world’s largest oil processing plant at Abqaiq near Damman in Eastern Province and the country’s
:: With Saudi Arabia embarking on the ambitious NEOM project, recent reports highlighting discussions on creating a technology hub in the kingdom have turned the spotlight on Saudi crown prince Mohammed bin Salman’s growing stature in the Middle East. The
:: Saudi Oil Minister Khalid Al-Falih has said oil-exporting countries such as Saudi Arabia are an integral part of the solution to tackle the challenges of climate change and its adverse economic impacts, according to the Saudi Press Agency (SPA).
By : Frank Kane :: Commercial ties between Saudi Arabia and China have become vitally important for both countries since the visit by Chinese president Xi Jinping in January 2016 that signalled a new era in bilateral relations. That was
:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A shareholder agreement was
:: The London Stock Exchange is working on a new type of listing structure that would make it more attractive for oil giant Saudi Aramco to join the bourse, sources familiar with the discussions said. Exchanges around the world are
By : Frank Kane :: As bankers and business execs home in on Riyadh this week for the annual Euromoney Saudi Arabia Conference, they have before them a glittering prize — $200 billion worth of privatization deals to be won
Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce its dependence on oil, the bank’s co-head in the region Elyas Algaseer said.
Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia, making it the single largest investor in the Southeast Asian country. The announcement came on the
The publically owned Saudi Public Investment Fund is looking set to become one of the world’s most powerful sovereign funds after a sudden burst deal making, UK daily the Financial Times has reported. The previously little known and generally inactive
King Salman on Thursday inaugurated six Saudi Aramco mega projects in the company’s main building in Dhahran. The ceremony began with a speech by CEO Amin Nasser, who reviewed the company’s achievements since it was founded, and oil discoveries since
Saudi deputy crown prince orders oil company Aramco to reward the employee Satam Mirsal Al-Anezi for his heroic role in saving his colleagues during the fire incident that arose at a plant of crude oil in the Wasia last week.
Egypt’s Prime Minister Sherif Ismail said relationship with Saudi Arabia is “good and solid” after diplomatic tensions arose recently between the two countries, Al-Ahram newspaper reported on Friday. Ismail made his statement to Al-Ahram after signs of tension surfaced between
Saudi Arabia’s oil giant expects oil prices to climb toward the end of the year, saying the current price of around $30 a barrel is not sustainable. Saudi Aramco’s CEO Amin Nasser, speaking Tuesday at the 9th Global Competitiveness Forum,
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