PUBLIC INVESTMENT FUND

Saudi Arabia’s PIF Eyes Billions in Debt Raise after Aramco Success – Report

Mohammed Al-Jadaan
Saudi Arabia's Public Investment Fund is planning to tap the debt market for billions of dollars, according to a Wall Street Journal report, which cited comments from the country's finance minister Mohammed Al-Jadaan.

Saudi Arabia

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Capital Market Authority

Saudi Arabia considers relaxing ownership limits for foreign investors

An upcoming sale of shares in shopping mall operator Arabian Centres Company, owned by Fawaz Alhokair Group, will be the first offering in the kingdom ...

 

Housing and Real Estate

Head of Saudi Arabia’s SRC: ‘Ask banks for a mortgage, and we will refinance it’

The head of the state-owned Saudi Real Estate Refinance Company (SRC) has made an unprecedented offer to the Kingdom’s home-seekers to underwrite future mortgages. ...

 

PIF

Saudi Wealth Fund “not in a Hurry” to Issue Bonds, Considers Funding Option

The bridge loan that PIF has been discussing, and that could go up to $8 billion, could be for a period of less than one ...

 

U.S.-Saudi Security Relationship

The Yemen Resolution and the Historical U.S.-Saudi Security Relationship

In the current dispute, Congress is leveraging several old tools for influencing security policy—including opposition to arms sales under the AECA and restrictions on foreign ...

 

Debt Finance

Finance Ministry Announces 30 Years Sukuk Issuance for First Time in Saudi History

The debt management office at the Saudi Ministry of Finance has announced a Sukuk issuance in the domestic market with a 30 year maturity. It said ...

 

Saudi Aramco

Saudi Aramco Looks To Bolster Gas Business Through Joint-Ventures

At the end of February, Nasser said that Saudi Arabia aims to export as much as 3 billion cubic feet of gas per day by ...

 

Iran Sanctions

No request yet from China for more oil, Saudi Arabia says as United States tightens Iran sanctions

Asked if other Asian buyers had asked for more crude oil, al-Falih said: “In the beginning of May, we will find out demand for June ...

 

Saudi Budget

Aramco Cash Behind Saudi Oil Revenue Rise That Puzzled Analysts

“We received royalties, tax, dividends and special dividends in the first quarter, like we did last year” from Aramco, Al-Jadaan told Bloomberg Television in an ...

 

U.S.-Saudi Relations

US places Saudi Arabia on Watch List amid BeoutQ piracy case

The US government has named Saudi Arabia on its Priority Watch List amid ongoing pressure from several national sports bodies and international broadcasters to bring ...

 

Dakar Rally

Details Announced for 2020 Dakar Rally Move to Saudi Arabia

The varied landscapes of the 30th country to host the Dakar have all the ingredients for a well-rounded route with 1.4 million square miles of ...

 

Iran Sanctions

US sanctions on Iran stabilizing Middle East, Saudi finance minister says

Saudi Finance Minister Mohammed Al-Jadaan discusses how geopolitical tensions between the U.S. and Iran are impacting the Saudi Arabian economy. ...

 

Energy

Nigeria and Saudi Arabia to draft MoU on oil and gas

Nigeria and Saudi Arabia plan to draft a memorandum of understanding on an oil and gas partnership that could lead to the construction of a ...

 

Media

Saudi publishing house to be launched

“This publishing house will be one of the arms of the Ministry of Culture to publish, market, and distribute Saudi books in various Arab countries ...

 

Saudi +

Regional and related topics

Oil Fracking

Fracking’s Biggest Gushers Are Struck in the Corner Office

The dream in the oil business is to own a piece of real estate from which you extract fantastic profits just because you’re lucky enough ...

 

Russia in the Region

Russia and the Gulf States: Pragmatic Energy Partners

The Gulf states have ceased to perceive Russia purely as an adversary; today Moscow is regarded as a reliable international partner but also a competitor. ...

 

Islamic State

Sri Lanka hunts 140 suspected IS militants for Easter bombings

Sri Lankan President Maithripala Sirisena on Friday promised an exhaustive search for nearly 150 people suspected in the Easter Day suicide attacks that killed hundreds. ...

 

Yemen Civil War

Jeremy Hunt hosts talks in effort to save Yemen peace process

Jeremy Hunt will make a fresh effort to keep the embers of the Yemen peace process alive as he comes under pressure from Saudi Arabia ...

 

Taliban Talks

Senior U.N. official meets Taliban negotiators in Qatar

The United Nations’ top official in Afghanistan met the Taiban’s chief negotiator in Qatar on Thursday, the movement’s chief spokesman said, as moves continue to ...

 

Global Military Trade

Trump administration expected to distance itself from global arms treaty

The Trump administration is expected to end U.S. support for a global arms treaty, the latest illustration of its aversion to international pacts and world ...

 

AQAP

Yemen’s al-Qaida branch vows revenge over Saudi executions

Al-Qaida in Yemen is vowing to avenge beheadings carried out by Saudi Arabia this week — an indication that some of the 37 Saudis executed ...

 

Afghanistan

How the US military’s opium war in Afghanistan was lost

The US has spent $1.5m (£1.15m) a day since 2001 fighting the opium war in Afghanistan. So why is business still booming? ...

 

Yemen Civil War

Baha’i community concerned over fate of its members in Yemen

A Baha’i advocacy group has expressed concerns over the fate of minority Baha’is at the hands of Yemen’s Houthi rebels ahead of the appeals hearing ...

 

Sudan

Massive crowds at Sudan′s defense ministry demand civilian rule

Hundreds of thousands of Sudanese citizens have responded to calls for a million-strong march. Organizers seek to force military leaders to hand over power to ...

 

Qatar

Qatar emerges as front-runner for long-term LNG deal for Pakistan

Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of ...

 

Turkey

Turkey orders detention of 210 military personnel over links to Gulen – Reuters

Istanbul prosecutors ordered the detention of 210 military personnel over suspected links to the network blamed by Ankara for orchestrating a failed 2016 military coup, ...

 

Softbank

Saudi-backed SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

A SoftBank Corp. business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on ...

 

UAE

Opinion: The UAE evolves into a ‘smart’ power

These Asia-Africa strategies have glued together commercial, diplomatic and security interests, marking a new chapter in the UAE’s diplomatic journey. ...

 

IRGC

US grants exemptions to sanctions on elite Iranian military unit

The State Department on Wednesday put in place two carve-outs to the recently announced sanctions against Iran’s Revolutionary Guard Corps (IRGC) that mean foreign governments, ...

 

ME Security Agreements

Cooperative Security in the Middle East: History and Prospects

As Administration officials continue to consult with regional partners on the formation of MESA, many obstacles appear to exist, including ongoing disputes among its prospective ...

 

France

Inquiry opens into leaked classified ‘French weaponry in Yemen’ note

French authorities have opened an investigation into the leaking of a classified military note which revealed French weapons are being used by the United Arab ...

 

U.S.-Iran

Iran’s foreign minister believes Trump does not want war, but could be ‘lured into one’

Zarif said a so-called “B-team,” including Trump’s national security adviser John Bolton, an ardent Iran hawk, and conservative Israeli Prime Minister Benjamin Netanyahu could goad ...

 

Islamic State

Factbox: After ‘caliphate’ defeat, Islamic State is down but not out

Its involvement is not always proven, but even if the link is ideological rather than operational, Islamic State still poses a security threat in many ...

 

Anti-ISIS Campaign

Iraq Proposes “Pay-To-Prosecute” for IS Foreign Fighters

Iraq has detained an estimated 20,000 persons in connection with IS since 2014, most of them since 2017, and half of that number have at ...

 

Egg Incubators

The Egyptian Egg Ovens Considered More Wondrous Than the Pyramids

Aristotle and Diodorus were referring to Egyptian egg incubators, an ingenious system of mud ovens designed to replicate the conditions under a broody hen. ...

 

Belt and Road

Belt and Road forum: China’s ‘project of the century’ hits tough times

The three-day forum starting on Thursday is meant to promote Chinese leader Xi Jinping’s “project of the century”, a foreign policy initiative launched in 2013 ...

 

Iran Sanctions

Hezbollah Donation Boxes Show Trump’s Sanctions Are Hurting Iran

The International Monetary Fund says Iran is staring at its deepest recession since 2012, when U.S. sanctions imposed under Barack Obama peaked. ...

 

Lockheed Martin

Lockheed, Frustrated with US Air Force, Eyes Foreign F-35 Sales

Lockheed is expected to build more than 130 F-35 for the U.S. and allies this year. Hewson said Lockheed’s factories can be configured to churn ...

 

Turkey Economy

Turkey to End Silence Over $20 Billion Mystery With Reserves

An expected increase of as much as $20 billion in net reserves can’t be seen in official accounts for this year through March 29, according ...

 

U.S.-Iran

Iranian parliament labels entire US military as terrorists

Iranian lawmakers on Tuesday overwhelmingly approved a bill that labels all U.S. military forces as terrorist, state TV reported, a day after Washington ratcheted up ...

 

Strait of Hormuz

Strait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran waivers

Around 18.5 million barrels a day of crude and refined products moved through it in 2016, nearly a third of all seaborne-traded oil and almost ...

 

Egypt

Egypt′s constitutional changes approved in referendum

As expected, Egyptian voters have backed the constitutional changes which could see President Abdel-Fattah el-Sissi stay in power until 2030. Turnout was only 44 percent. ...

 

Bahrain

Bahrain’s king reinstates citizenship of 551 tried in courts

At least 990 Bahrainis have reportedly lost their citizenship through court decisions or executive orders since 2012. Most have been left effectively stateless, and some ...

 

Lebanon

Hariri – ‘Promising summer’ for Lebanon after Saudi travel warning lifted

Saudi Arabia had been advising its citizens since 2011 to avoid Lebanon, citing Hezbollah's influence and instability from the war in neighbouring Syria. ...

 

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