Al-Falih: ‘Going forward the world is going to be Saudi Aramco’s playground’

In a new interview with the Financial Times, Saudi Arabia's powerful minister of energy, industry, and mineral resources Khalid Al-Falih indicated that Saudi Aramco would take on an active position as investor in resource opportunities outside the Kingdom of Saudi Arabia.

Saudi Arabia

News, analysis, and more

Oil Prices

Saudi Arabia would need oil at $80-$85 a barrel to balance budget: IMF official

Top oil exporter Saudi Arabia would need oil priced at $80-$85 a barrel to balance its budget this year, an International Monetary Fund official said. ...



Citigroup sees Saudi, UAE as top Mideast markets for deals this year: executive

Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said ...


Oil and Gas

Saudi Aramco will expand into international oil and gas exploration: FT

Aramco has historically stuck to producing Saudi Arabia's vast, low-cost oil reserves, the world's second largest. But Saudi Energy Minister Khalid al-Falih now confirms in ...



Saudi Business Is About to Get More Complicated for EU Banks

European Union banks will face higher hurdles in dealing with clients from countries including Saudi Arabia as the bloc moves to tighten controls on illicit ...


Intellectual Property

Turkey and Saudi lead in patent applications in the Middle East

Turkey and Saudi Arabia rank the highest in the Middle East for patent applications according to a report from the World Intellectual Property Organisation (WIPO). Ranking ...



Is Blockchain the Missing Link in Saudi Arabia’s Vision 2030?

However, as many enterprises and governments in the Middle East are beginning to discover, introducing blockchain systems isn’t straightforward. A lack of developer expertise and ...


Turki Al-Faisal

CNBC Transcript: Saudi Arabian Prince Turki Al-Faisal

Below is the transcript of a CNBC interview with Saudi Arabian Prince Turki Al-Faisal. The interview was first broadcast on CNBC's Capital Connection on 12 ...


Yemen Civil War

Trump objects to measure ending U.S. support for Saudis in Yemen war

The Trump administration threatened on Monday to veto an effort in the U.S. Congress to end U.S. military support for the Saudi Arabia-led coalition in ...



Saudi Arabia, Trying to Lure Tourists, Hosts Music Festival Near Ancient Tombs

Officials under his rule are trying to build up Saudi Arabia’s tourism and culture industries by promoting events like the music festival. In past years, ...



Saudi Arabia leaps up World Bank index on resolving commercial disputes

Saudi Arabia has soared up a World Bank index that ranks countries on how easy it is to resolve a commercial dispute. ...


Saudi Foreign Policy

Pakistan, India hope to reap investment from Saudi prince’s visit

India's Modi met the prince in November, when they were both in Argentina for a Group of 20 summit. Though Saudi Arabia remains India's top ...



Boeing supports Saudi aerospace ecosystem

Boeing congratulates NIDLP, Ma’aden and Dussur for this exciting new partnership that will support the Kingdom’s goal to become a leader in aerospace grade aluminum ...


Grand Mosque

Saudi Crown Prince reviews Makkah Grand Mosque’s Third Expansion

Through Third Expansion, Makkah Grand Mosque is being expanded to raise total capacity to 2.2 million worshippers, according to construction listings website, ProTenders. ...



Saudi MERS total grows; WHO details Oman cluster

Over the weekend and through today, the ministry of health (MOH) of Saudi Arabia recorded 10 more cases of MERS, including 7 in an ongoing ...



National Enquirer Publisher Asked Justice Department for Advice on Saudi Connection

American Media inquired about having to register as foreign agent after publishing glossy magazine promoting Saudi Arabia and its new crown prince ...


Saudi +

Regional and related topics


Oil up more than 2 percent on Saudi and OPEC cuts

Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half ...


Trump Foreign Policy

Acting Pentagon chief visits Baghdad to support Iraq, discuss Syria withdrawal

Acting U.S. Defense Secretary Patrick Shanahan arrived in Baghdad on Tuesday for an unannounced visit during which he said he would stress the importance of ...


Anti-ISIS Campaign

Hundreds flee US-backed Syria battle for last IS holdout

US-backed forces pressed the battle to expel diehard jihadists from the last pocket of land under their control in eastern Syria on Tuesday after hundreds ...



Yemen Eyes Exports Of 75,000 Bpd This Year

Yemen’s Saudi-backed government has plans to export crude oil at a rate of 75,000 bpd this year, according to oil minister Aws Abdullah al-Awd ...


Diamond Play Button

First Arab YouTuber to hit 10 million subscribers is a woman, because YAS

In a recent milestone hit by an Arab YouTuber, Iraqi Noor Stars has reached 10 million subscribers on her channel. She is officially the first ...



Perspective: As Iran’s revolution turns 40, a consensus: Things must change

Amid reports of shortages, price rises, and rationing of red meat, for instance, President Hassan Rouhani in recent days said Iran is “facing the biggest ...



Turkey orders 1,112 arrested over links to cleric Gulen – state media

Turkey launched on Tuesday one of its largest operations against alleged supporters of the U.S.-based Muslim cleric accused of leading an attempted coup in 2016, ...



IMF sees no credit crunch in Oman, advises speedy fiscal reforms

Oman is not facing a credit crunch but the Gulf Arab oil producer should speed up implementation of fiscal reforms like the introduction of a ...



Qatar revamps investment strategy after Kushner building bailout

When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, ...


Palestinian Cuisine

Yasmin Khan Cooks Her Way through Palestine

Zaitoun is based on my travels through Israel, the West Bank, and includes recipes from Gaza. It celebrates the Palestinian kitchen. ...


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