U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets, Bloomberg reports, ahead of U.S. efforts to press nations to stop buying Iranian oil by Nov. 4.
The Saudi Ministry of Energy, Industry and Mineral Resources announced Sunday the completion of the modified mineral investment system which will "open the path for investors and the private sector to benefit from promising investment opportunities in this vital sector."
Saudi Aramco signed a deal with Houston-based National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, according to a press release by Aramco and reported in several news outlets.
Saudi Arabia’s state grain buyer, the Saudi Arabian Grains Organization (SAGO), said on Thursday it would start accepting applications for qualification of potential investors interested in the sale of its four mills on Aug. 26 as the push toward privatization continues.
Saudi Arabia will hear news regarding its inclusion into MSCI, Inc.'s highly sought-after emerging market index, expanding the asset class by as much as $600 billion for the Kingdom.
Saudi Arabia's Crown Prince Mohammed bin Salman watched the match alongside of Russia's President Vladimir Putin, and video images of the two leaders reacting to the match have gone viral on social media sites.
Saudi Arabia's Public Investment Fund-backed mortgage company, the Saudi Real Estate Refinance Company (SRC), plans to roll out new funding soon to the Kingdom’s lenders to boost home ownership in Saudi Arabia, according to a report.
The latest monthly edition of the Saudi Chartbook published by Jadwa Investment finds positive indicators for the Saudi economy as growth picks up in the Kingdom.
The $13.3 billion month-on-month increase in reserves to $498.9 billion in April is the highest level reached in over year and reveals "the extent to which a rebound in oil prices is strengthening the kingdom’s finances."
The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia's powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply "anxiety," according to reports.
