Westinghouse in Talks with Other U.S. Companies to Bid for Saudi Nuclear Opportunities, Reuters Reports

UAE Nuclear
An exclusive Reuters report reveals that Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, citing three industry sources.

Saudi Arabia

News, analysis, and more


Saudi Arabia’s stock market could attract inflows worth $145 billion thanks to indexes and the Aramco IPO

For a demonstration of their growing clout, look to Saudi Arabia, where the equity market is in line to receive about $145 billion of investment ...


U.S.-Saudi Relations

USA’s Tillerson and Saudi crown prince discuss terrorism by phone

U.S. Secretary of State Rex Tillerson called Saudi Arabia's Crown Prince Mohammed bin Salman on Monday to discuss regional security, Saudi state news agency SPA ...


Public Investment Fund

Saudi Wealth Fund to Take Over Struggling Financial Hub

Saudi Arabia’s sovereign wealth fund finalized a deal to take over the management of Riyadh’s $10 billion unfinished financial hub as the government attempts to ...


Vision 2030

Saudi Economic Reforms Increase Non-oil Revenues by 80%

Saudi non-oil revenues rose nearly 80 percent in the third quarter of 2017, a clear indication that economic reforms carried out by Saudi Arabia are ...



S&P affirms Saudi Arabia credit ratings

The agency maintained its “A-/A-2” ratings on Saudi Arabia and said its outlook was stable, citing expectations the government would take steps to consolidate public ...


Nuclear Power

Exclusive: Westinghouse discussing group bid for Saudi nuclear tender

Toshiba-owned Westinghouse (6502.T) is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors ...


Yemen Blockade

UN urges Saudi Arabia to allow urgent aid supplies into Yemen

UN humanitarian agencies in Yemen have pleaded with Saudi Arabia to permit the delivery of two urgently needed shipments of medicine and food aid blocked ...


Corruption Crackdown

Saudi Arabia Squeezes Detainees as It Tries to Seize Assets

Two weeks after the crackdown began, Saudi officials and their supporters are attempting to justify the indefinite detentions as an ordinary part of a plea-bargaining ...


Prince Alwaleed bin Talal

Exclusive: Saudi prince detention holds up loan to investment firm

Kingdom Holding’s plan to borrow money to fund new investments has stalled because owner Prince Alwaleed bin Talal has been detained in Saudi Arabia’s anti-corruption ...


Saudi Foreign Policy

How Saudi regional moves impact Israel

They have told the Americans that Saudi Arabia, the Gulf Cooperation Council, Egypt and the Arab League believe that it is an opportune time to embark ...



‘Advanced’ cyber attack targets Saudi Arabia

Saudi authorities said Monday they had detected an "advanced" cyber attack targeting the kingdom, in a fresh attempt by hackers to disrupt government computers. ...


Jeddah Floods

Flooding in western Saudi Arabia forces schools to shut

Saudi authorities have closed schools and universities after flooding in the kingdom’s second-largest city, Jiddah, and the country’s Red Sea coastal regions. ...


Nelly in Arabia

Rapper Nelly’s Planned Saudi Gig Sparks Social Media Stir

Rapper Nelly is to perform in Saudi Arabia next month, but his planned concert in the ultraconservative kingdom is not being welcomed by everyone. Some Saudis ...


Saudi +

Regional and related topics


The U.S. begins bombing Taliban drug labs as Trump’s Afghanistan strategy takes hold

U.S. and Afghan forces have launched a series of attacks on narcotics laboratories in southern Afghanistan, marking the start of what could become a long, ...


Iran in the Region

US Targets Iranian Counterfeit Scheme in Yemen

Treasury officials in Washington exposed the counterfeiting ring Monday, sanctioning a network of individuals and companies, including two based in Germany, linked to Iran's Revolutionary ...


U.S. War Zone Deaths

War zone deaths are up for the first time in six years

For the first time in six years, the number of U.S. troops killed in overseas operations has increased over the previous year. So far this year, ...



Syria military operation ‘wrapping up’, Putin tells Assad in Russia talks

The Russian president met his Syrian counterpart before a gathering, planned for this week in Russia’s Black Sea resort of Sochi with the leaders of ...


Kurdish Referendum

Iraq Supreme Court rules Kurdish referendum unconstitutional

The Iraqi Supreme Court has ruled that a referendum on Kurdish independence was unconstitutional. The ruling comes nearly two months after the vote, in which 92% ...


Hyperloop One

Ultra-fast tube transportation system will interconnect entire GCC region

Shortly after signing an agreement with the non-profit Prince Mohammed bin Salman bin Abdulaziz Philanthropic Foundation (MiSK Foundation), which aims to help disadvantaged youth in ...


Iranian Investment

London’s first Iran-linked listing raises transparency concerns

Euromoney has found that Indigo, which was created by Iranian investment bank Turquoise Partners, chose to omit Iran from its public disclosures because it thought ...



Iran earthquake: Khamenei criticises government’s response

He said "officials from some sectors" needed to "double their efforts". The 7.3-magnitude quake near the north-western border with Iraq killed at least 437 people and ...


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