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M & A in Saudi ArabiaSaudi Arabia’s Takween Signs $347m Loan For Savola Packaging Buy
Saudi Arabia’s Takween Industries signed a SAR1.3 billion ($346.6 million) Islamic loan with a group of local banks to fund the acquisition of Savola Packaging Co, it said on Wednesday.
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Social MediaSaudis are avid social media users, Twitter forum told
Dr. Abdullah Al-Musnad, a Saudi Twitter expert, told the audience gathered at the forum that eight million Saudis send one million tweets every 24 hours and, accordingly, the Kingdom is surpassing many countries such as the Philippines and Indonesia despite the tremendous difference in population.
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Saudi Oil PolicyChevron CEO: Saudi is not Trying To Put US Shale Out Of Business [Video]
"I don't think they're trying to put anybody out of business. I think what they're doing is trying to protect market share...All they're saying is 'we're going to continue to produce 9 m/bpd. We know that we have a low cost of production but we want our business to be strong for the long term. We're just going to continue to produce what we're producing...We're not going to be the balancing point in the market to hold prices up.'"
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U.S. Public OpinionAmericans Name Government as No. 1 U.S. Problem
Americans continue to name the government (18%) as the most important U.S. problem, a distinction it has had for the past four months. Americans' mentions of the economy as the top problem (11%) dropped this month, leaving it tied with jobs (10%) for second place.
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HousingSaudi replaces housing minister after king vows to address shortage
Saudi Arabia's King Salman replaced the housing minister late on Wednesday, a day after pledging to speed efforts to end a shortage of homes in his first address to the nation since becoming monarch in late January.
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FinanceSaudi’s Riyad Capital predicts 25 pct growth in AUM over several years
Riyad Capital, the Saudi Arabian investment bank, expects its assets under management to grow at least 25 percent over the next few years, helped by the opening of the kingdom's stock market to direct investment by foreigners later this year, a company executive said on Wednesday.
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EducationSaudi Arabia invests $2 million in UC San Diego research
Saudi Arabia is giving UC San Diego $2 million to conduct basic research on 5G and other wireless telecommunications technologies that could eventually lead to much faster smartphones and similar devices.
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@MujtahiddSaudi’s ‘Julian Assange’ returns to Twitter
A Saudi whistleblower who has leaked documents indicating high-level corruption inside the Kingdom's royal family is back on Twitter after having his account briefly suspended for unknown reasons.
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Raif BadawiOpinion: Europe Stands Up to Saudi Arabia
Merkel and Gabriel have stood by their January decision not to sell Leopard tanks to the Saudis, not least because it's politically unpopular.
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NuclearSaudi Nuclear Deal Raises Stakes for Iran Talks
As U.S. and Iranian diplomats inched toward progress on Tehran’s nuclear program last week, Saudi Arabia quietly signed its own nuclear-cooperation agreement with South Korea.
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