Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up

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Saudi Arabia

News, analysis, and more

Saudi Oil Supply

Top Three Saudi Oil Fields Drive 59% of Country’s Oil Production in 2021, says GlobalData

Analysis of Saudi Arabia's crude oil production shows that over $79.6bn in capital expenditure (capex) would be spent by Saudi Arabia Oil Co on oil ...

 

Islam in Europe

Saudi Arabia is giving up control of the Grand Mosque in Brussels

Since 1969, Belgium leased the Grand Mosque in Brussels to Saudi Arabia in return for cheaper oil for its industry, according to Reuters. The deal ...

 

Saudi Aramco IPO

Russia May Invest in Saudi Aramco IPO Via Fund With China

Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign ...

 

Saudi Oil Policy

Saudi Arabia to restrain oil exports in March, confident cuts will stabilize market

Saudi Arabia will restrain its oil exports in March despite lower domestic need for crude as OPEC’s leader is pushing to eliminate fully the global ...

 

Technology

Tech Law in Saudi Arabia: Keeping Pace with Technology

Technology and innovation underpins large parts of Saudi Arabia's National Transformation Program. As it seeks to improve economic competitiveness and enhance efficiency, Vision 2030 will ...

 

Women Drivers

Taxi app signs up 1,000 new women drivers in Saudi Arabia

The new drivers have been hired by Careem, a UAE-based ride hailing company with millions of users in neighbouring Saudi Arabia. ...

 

Travel and Tourism

Saudi set to open 84 new hotels in 2018

This year is set to be a bumper one for Saudi Arabia’s hotels, with almost 60 per cent of the country’s current construction pipeline forecast ...

 

Sophia

Perspective: Saudi Arabia’s Sophia robot is eroding human rights

Naming Sophia a citizen creates a huge void in legal systems around the world, damages public understanding of AI, and fundamentally damages the very notion ...

 

Ban

Citigroup Hired for First Saudi Arabia Deal After Reopening

The bank is advising budget carrier FlyNas LLC on its initial public offering along with Morgan Stanley and NCB Capital, people familiar with the matter ...

 

Sandstorm

Severe sandstorm hits Saudi capital and forces school closures

The Saudi Civil Defense Forces called on citizens to abide by safety precautions, such as staying home, keeping away from places with zinc and iron ...

 

Prince Alwaleed bin Talal

Newly free Saudi Prince Alwaleed gives to soccer club

Saudi Arabian billionaire Prince Alwaleed bin Talal, freed two weeks ago from detention in a luxury hotel during a corruption sweep, said on Tuesday he ...

 

Saudi +

Regional and related topics

U.S. Oil Exports

Supertankers could change U.S. oil export game

The shipment via the Saudi Arabian-owned supertanker, capable of carrying 2 million barrels, signals the next phase in the U.S. transition to becoming a major ...

 

Military Spending

Middle East Governments Are Cutting Their Military Budgets Even As Wars Rage Around The Region

According to data published by the International Institute for Strategic Studies (IISS) on February 14, total spending across the region fell to $167bn in 2017, ...

 

Israel-Syria

Iran and Israel face off in Syria, as if it wasn’t complicated enough

Israel has been sending messages through all possible channels to Iran, Syria, and Russia that it will not tolerate any kind of Iranian presence and ...

 

Iraq Aid

Billions pledged for Iraq’s post-ISIL reconstruction

A three-day summit on Iraq's reconstruction concluded in Kuwait City on Wednesday, with Qatar, Saudi Arabia, Kuwait and Turkey pledging to offer loans and direct investments to ...

 

Iran Unrest

Commentary: Iran’s Uncertain Political Future

Indeed, the 2017 protests had no acknowledged leader. At the same time, this latest uprising was the most geographically widespread and vehemently anti-regime event since ...

 

U.S. Department of State

State Department, USAID Face Drastic Budget Cut

The funding shortfall of about $8.8 billion would impose the biggest reduction in resources for the U.S. diplomatic corps and development programs since the 1990s. ...

 

U.S. Refugee Operations

Dozens of refugee resettlement offices to close as Trump downsizes program

The State Department has said the drop in refugee numbers, from the 110,000 ceiling set by the Obama administration to 45,000 for 2018, means ...

 

Tillerson ME Trip

US is committed to Middle East peace, says Rex Tillerson

US Secretary of State, Rex Tillerson, traveled on Wednesday to Amman, Jordan, where he spoke with regional leaders about the war in Syria and the ...

 

Syria

The Politics of Return

The return of refugees can be misused as a card by those involved in the Syrian conflict to create a new political order that consolidates ...

 

Netanyahu

Israel’s Benjamin Netanyahu should be charged for corruption, police recommend

After months of investigations, Israeli police said they believe there is sufficient evidence against the prime minister to indict him on suspicion of accepting bribes, fraud ...

 

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