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Posts filtered by tags: Mohammed bin Salman[x]


 

#Saudi crown prince turns to Asia to rebuild his image | Financial Times

Saudi crown prince turns to Asia to rebuild his image | Financial Times:Saudi Arabia’s Crown Prince Mohammed bin Salman this week sought to offset his rocky relationship with western powers on a five-day tour of Asia in which lavish receptions and investment pledges took precedence over the fate of Jamal Khashoggi.As the young prince faces criticism in the US and Europe over the killing of Khashoggi, a journalist critical of Saudi rulers, the tour was an attempt to re-establish his credentials a...
Tags: Travel, Asia, Europe, Saudi Arabia, China, US, Argentina, Mohammed bin Salman, Pakistan India, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


UPDATE 1- #Saudi agrees $10 bln China refinery deal as crown prince visits | Reuters

UPDATE 1-Saudi agrees $10 bln China refinery deal as crown prince visits | Reuters:State-owned oil company Saudi Aramco signed a $10 billion deal to build a refining and petrochemical complex in China on Friday, as Saudi Crown Prince Mohammed bin Salman wrapped up a two-day trip to Beijing.The Saudi delegation, including top executives from Aramco, arrived on Thursday on an Asia tour that has already seen the kingdom pledge investment of $20 billion in Pakistan and seek to make additional invest...
Tags: Travel, Asia, China, India, Beijing, Xi Jinping, Pakistan, Middle East, Reuters, Aramco, Saudi Aramco, State, Mohammed bin Salman, Rupert Neil Bumfrey


Blockchain is solid, in that there is no liquidity

The quality of a financial market is driven by liquidity. Companies want to list on the NYSE, because that’s where the most financial investors in the world are located, and the thicker the market for investors, the better the valuations for companies. The NYSE has “problems” though — its closed most hours of the week, for instance, because humans are lazy, and it has a bunch of rules on what can be listed and how. So blockchain! Blockchain solves this liquidity problem by allowing traders to op...
Tags: Travel, Google, Asia, UK, New York, Sweden, Congress, Indonesia, Washington Post, Saudi Arabia, China, Southeast Asia, India, Softbank, New York City, Israel


China's desire for close #Iran ties unchanged, Xi says ahead of Saudi prince's visit | Reuters

China's desire for close Iran ties unchanged, Xi says ahead of Saudi prince's visit | Reuters:China’s desire to develop close ties with Iran will remain unchanged, regardless of the international situation, President Xi Jinping told the speaker of Iran’s parliament, ahead of Thursday’s visit to Beijing by Saudi Arabia’s crown prince.China has traditionally played little role in Middle East conflicts or diplomacy, despite relying on the region for oil, with Iran its fourth largest supplier last y...
Tags: Travel, Saudi Arabia, China, Iran, Beijing, Xi Jinping, Middle East, Reuters, Mohammed bin Salman, Salman, Xi, Rupert Neil Bumfrey


#Saudi crown prince’s India visit puts relationship to the test | Financial Times

Saudi crown prince’s India visit puts relationship to the test | Financial Times:Saudi Arabia’s Prince Mohammed bin Salman is set to arrive in New Delhi on Tuesday on a state visit that will test the kingdom’s relationship with India after a bloody terror attack in Kashmir, claimed by a Pakistan-based terrorist group, revived Indo-Pakistan tensions.Prince Mohammed’s trip, during which he is expected to sign investment agreements, comes just days after a visit to Pakistan during which he pledged ...
Tags: Travel, Saudi Arabia, India, Pakistan, Imran Khan, New Delhi, Kashmir, Financial Times, Mohammed, Riyadh, Mohammed bin Salman, Adel al Jubeir, Rupert Neil Bumfrey


Ahead of #Saudi visit, China seeks 'deeper trust' with #Iran | Reuters

Ahead of Saudi visit, China seeks 'deeper trust' with Iran | Reuters:China wants to deepen “strategic trust” with Iran, the Chinese government’s top diplomat told Iran’s foreign minister on Tuesday, days before Saudi Arabia’s crown prince visits Beijing, underscoring China’s difficult Middle East balancing act.China has traditionally played little role in Middle East conflicts or diplomacy, despite its reliance on the region for oil, but it has been trying to raise its profile, especially in the...
Tags: Travel, Saudi Arabia, China, Iran, Beijing, Middle East, Reuters, Mohammed bin Salman, Salman, Rupert Neil Bumfrey


#SaudiArabia Signs Investment MoUs Worth $20 Billion in Pakistan - Bloomberg

Saudi Arabia Signs Investment MoUs Worth $20 Billion in Pakistan - Bloomberg:Saudi Arabia’s Crown Prince Mohammed bin Salman said his country signed so-called memorandums of understanding worth $20 billion of investment in Pakistan.“We are creating a great future for Saudi Arabia and Pakistan,” Prince Mohammed said at a reception by Prime Minister Imran Khan after the kingdom’s de facto ruler reached Islamabad on Sunday on a two-day trip. The two nations signed investments deals in energy and ag...
Tags: Travel, Asia, Saudi Arabia, Pakistan, United Arab Emirates, Imran Khan, Khan, Islamabad, Mohammed, Mohammed bin Salman, Rupert Neil Bumfrey, SaudiArabia Signs Investment MoUs Worth, Pakistan Bloomberg, Saudi Arabia Signs Investment MoUs Worth, Gwadar Prince Mohammed


The global tide is turning against Mohammed bin Salman | Financial Times

The global tide is turning against Mohammed bin Salman | Financial Times:The savage murder last year of journalist Jamal Khashoggi, dismembered by Saudi Arabia’s agents in its consulate in Istanbul, surprised in the way it accelerated into the worst crisis between the kingdom and the west since September 11 2001, when 15 of the 19 hijackers who attacked the US turned out to be Saudis. It seems just as surprising that, as 2019 progresses, there is little let-up in the pressure on the Saudi leader...
Tags: Travel, Amazon, Post, Saudi Arabia, US, Jeff Bezos, National Enquirer, Donald Trump, The Washington Post, Istanbul, Financial Times, Mohammed, Bezos, Mohammed bin Salman, Adel al Jubeir, Rupert Neil Bumfrey


#Qatar revamps investment strategy after Kushner building bailout | Reuters

Qatar revamps investment strategy after Kushner building bailout | Reuters:When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha.Kushner, a senior White House adviser, was a close ally of Saudi Crown Prince Mohammed bin Salman - a key architect of a regional boycott against Qatar, which Riyadh accuses of sponsoring terrorism. Doha denies the charge.Brookfield, a global ...
Tags: Travel, New York, White House, Qatar, Manhattan, Brookfield, Fifth Avenue, Doha, Reuters, Riyadh, Mohammed bin Salman, Kushner, Rupert Neil Bumfrey, Kushner Companies, Jared Kushner Donald Trump, Doha Kushner


#Saudi Named in Report on Khashoggi Murder Becomes #UAE Envoy - Bloomberg

Saudi Named in Report on Khashoggi Murder Becomes U.A.E. Envoy - Bloomberg:The former head of a Saudi-owned broadcaster has been sworn in as the kingdom’s ambassador to the United Arab Emirates, days after the New York Times reported that Crown Prince Mohammed bin Salman had told him he might use “a bullet” on Jamal Khashoggi.Turki Aldakhil, who was previously general manager of Al Arabiya television, was sworn in by King Salman along with other new ambassadors, state-run SPA news agency reporte...
Tags: Travel, New York Times, United Arab Emirates, Times, Istanbul, Mohammed, Mohammed bin Salman, Salman, Al Arabiya, Rupert Neil Bumfrey, Khashoggi, Khashoggi Murder Becomes UAE Envoy Bloomberg, Jamal Khashoggi Turki Aldakhil, Aldakhil


#Saudi King Approves $3.1 Billion Plan to Ease Expat Fee Costs - Bloomberg

Saudi King Approves $3.1 Billion Plan to Ease Expat Fee Costs - Bloomberg:Saudi Arabia’s King Salman has approved a plan to ease levies businesses pay on foreign workers to help revive economic growth.Authorities will exempt some companies from paying the 2018 fees or reimburse those that have already paid, according to the official-Saudi Press Agency. To qualify for the aid, businesses need to have made strides in hiring more Saudi nationals. The fees were introduced in 2018 as part of a drive ...
Tags: Travel, Saudi Arabia, Bloomberg, Mohammed bin Salman, Salman, Rupert Neil Bumfrey


Freed Saudis Resurface Billions Poorer After Prince's Crackdown - Bloomberg

Freed Saudis Resurface Billions Poorer After Prince's Crackdown - Bloomberg:Almost 15 months after rounding up dozens of Saudi Arabia’s richest and most powerful people and imprisoning them in Riyadh’s Ritz-Carlton, Crown Prince Mohammed bin Salman has declared the raid a lucrative success.An anti-corruption commission headed by the crown prince said a total of about $107 billion -- a mix of cash, real estate, companies and securities -- has been recovered from 87 people.Aside from confirming a ...
Tags: Travel, Saudi Arabia, Riyadh, Bloomberg News, Mohammed bin Salman, National Guard, Ritz Carlton, Rupert Neil Bumfrey, Crackdown Bloomberg


#SaudiArabia winds down 15-month anti-corruption campaign | Reuters

Saudi Arabia winds down 15-month anti-corruption campaign | Reuters:Saudi Arabia has ended a sprawling crackdown on corruption ordered by Crown Prince Mohammed bin Salman that it said had recovered more than $106 billion through settlements with scores of senior princes, ministers and top businessmen.A royal court statement said the government had summoned 381 people, some as witnesses, under the campaign launched in November 2017, but it provided no names. It said 87 people confessed to charges...
Tags: Travel, Saudi Arabia, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey


UPDATE 1- #Saudi NEOM set up as joint stock company run by state fund - SPA | Reuters

UPDATE 1-Saudi NEOM set up as joint stock company run by state fund - SPA | Reuters:Saudi Arabia has set up a closed joint-stock company, called NEOM, that aims to develop a $500 billion economic zone and which will be owned by the government’s Public Investment Fund, the state news agency SPA reported on Tuesday.NEOM is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan that aims to attract foreign investment and create jobs in a bid to wean the kingdom off reliance on oil.The new lega...
Tags: Travel, Saudi Arabia, Spa, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Public Investment Fund, NEOM, Saudi NEOM


#Saudi signs $54.4 billion of deals, offers manufacturing incentives | Reuters

Saudi signs $54.4 billion of deals, offers manufacturing incentives | Reuters:Saudi Arabia said on Monday it had signed agreements worth 204 billion riyals ($54.4 billion) and offered fresh incentives to attract capital as part of a 10-year program that would help diversify the economy of the world’s top oil exporter.The kingdom is offering investment opportunities in mining, industry, logistics and energy through its National Industrial Development and Logistics Program (NIDLP).That is part of ...
Tags: Travel, Saudi Arabia, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey


#Saudi Crown Prince to Launch $425 Billion Infrastructure Plan - Bloomberg

Saudi Crown Prince to Launch $425 Billion Infrastructure Plan - Bloomberg:Saudi Arabia is seeking 1.6 trillion riyals ($425 billion) in investment by 2030 for infrastructure as well as energy, mining and other industrial projects, as part of an effort to cut its reliance on oil, Energy Minister Khalid Al-Falih said Saturday in Riyadh.Crown Prince Mohammed bin Salman, who is behind reforms known as Vision 2030, will present details of the infrastructure plan on Monday. The kingdom could sign abou...
Tags: Travel, Saudi Arabia, Middle East, Riyadh, Mohammed bin Salman, Khalid al Falih, Rupert Neil Bumfrey, Al Falih


#Saudi Crown Prince Shows a `Chilling' Instability, Graham Says - Bloomberg

Saudi Crown Prince Shows a `Chilling' Instability, Graham Says - Bloomberg:Saudi Arabia’s Mohammed bin Salman has shown “a level of instability that is chilling,” and U.S. lawmakers will take action against the crown prince for his role in the murder of journalist Jamal Khashoggi, Senator Lindsey Graham said. Sanctions are forthcoming, likely in the next few days or weeks, the Republican senator said in an interview on Saturday in Ankara, without providing any specific details on the penalties t...
Tags: Travel, Congress, Saudi Arabia, Bloomberg, Donald Trump, Lindsey Graham, Trump, Ankara, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Jamal Khashoggi


Senator Graham says U.S.-Saudi cannot move on until prince 'dealt with' | Reuters

Senator Graham says U.S.-Saudi cannot move on until prince 'dealt with' | Reuters:Republican U.S. Senator Lindsey Graham said on Saturday the relationship between the United States and Saudi Arabia cannot move forward until Saudi Crown Prince Mohammed bin Salman is “dealt with”, without being more specific.Speaking in Ankara a day after meeting with Turkish President Tayyip Erdogan, Graham also said Congress will reintroduce sanctions against those involved in the killing of Saudi journalist Jam...
Tags: Travel, Congress, Saudi Arabia, United States, Graham, Lindsey Graham, Ankara, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Jamal Khashoggi, Tayyip Erdogan Graham


Saudis Lure Investors to $7.5 Billion Debt After Khashoggi - Bloomberg

Saudis Lure Investors to $7.5 Billion Debt After Khashoggi - Bloomberg:Saudi Arabia sold $7.5 billion of international bonds on Wednesday in the first test of how much damage the brutal killing of Washington Post columnist Jamal Khashoggi has inflicted on investor appetite.Only three months have passed since global investors — along with some of the banks managing the deal — skipped a major economic forum in Riyadh amid broad condemnation over the murder, which some blame on Crown Prince Mohamme...
Tags: Travel, London, Washington Post, Saudi Arabia, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Tim Ash, Jamal Khashoggi, Khashoggi Bloomberg, BlueBay Asset Management LLC


Is the tide at last on the turn for the world’s ‘strongman’ leaders? | World news | The Guardian

Is the tide at last on the turn for the world’s ‘strongman’ leaders? | World news | The Guardian:The trial of 11 people charged with the murder of dissident Saudi journalist Jamal Khashoggi opened and was quickly adjourned in Riyadh last week. It may be that the outcome is fixed in advance. Yet that the hearing took place at all could be seen as progress of a kind. It suggests even a state as autocratic, inward-looking and undemocratic as Saudi Arabia is not immune to international opinion and c...
Tags: Travel, Saudi Arabia, Middle East, Yemen, Donald Trump, Istanbul, Riyadh, Mohammed bin Salman, Salman, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi, Iran Salman


Saudi king brings veterans back into the fold | Financial Times

Saudi king brings veterans back into the fold | Financial Times:When Ibrahim al-Assaf was detained at the Ritz-Carlton in Riyadh during Crown Prince Mohammed bin Salman’s extraordinary anti-corruption crackdown, many believed it marked an ignominious end to a long career serving the Saudi state.But just over a year later, Mr Assaf, who spent two decades as finance minister under three kings, finds himself back at the heart of government. On Thursday, King Salman named him foreign minister, a pos...
Tags: Travel, Financial Times, Riyadh, Mohammed bin Salman, Salman, Ritz Carlton, Assaf, Rupert Neil Bumfrey, Ibrahim al Assaf, Jamal Khashoggi


#Saudi Prince's Allies Retain Jobs in Post-Khashoggi Shake-Up - Bloomberg

Saudi Prince's Allies Retain Jobs in Post-Khashoggi Shake-Up - Bloomberg:Saudi Arabia kept key supporters of Mohammed Bin Salman in their cabinet jobs and brought in some new ones, in the first major government shake-up since the kingdom and its crown prince became the focus of an outcry over the killing of Jamal Khashoggi.The ministers of finance, energy, economy and trade -- senior members of the crown prince’s team -- retained their positions in an overhaul announced on Thursday, when a serie...
Tags: Travel, Saudi Arabia, Mohammed bin Salman, Salman, National Guard, Rupert Neil Bumfrey, Jamal Khashoggi, Post Khashoggi Shake Up Bloomberg, Prince Abdullah bin Bandar bin Abdulaziz


#Russia Warns U.S. Against Interfering in #Saudi Royal Succession - Bloomberg

Russia Warns U.S. Against Interfering in Saudi Royal Succession - Bloomberg:Russia warned the U.S. against any effort to influence the royal succession in Saudi Arabia, offering its support to embattled Saudi Crown Prince Mohammed bin Salman, who’s under continuing pressure over the killing of a government critic. President Vladimir Putin’s envoy to the Middle East said Prince Mohammed has every right to inherit the throne when the ailing 82-year-old King Salman dies.“Of course we are against in...
Tags: Travel, Vladimir Putin, Saudi Arabia, Russia, America, Middle East, Moscow, Mohammed bin Salman, Salman, Mikhail Bogdanov, Rupert Neil Bumfrey, Prince Mohammed


Sotheby’s in Talks to Help Saudi Prince Build Desert Art Oasis - Bloomberg #MbS

Sotheby’s in Talks to Help Saudi Prince Build Desert Art Oasis - Bloomberg:Saudi Crown Prince Mohammed Bin Salman has set multiple ambitious agendas for his desert kingdom. Turning it into a major cultural destination may end up being one of the highest-profile.For part of the plan, the Saudi government has turned to Sotheby’s, the biggest U.S. auction house, and Allan Schwartzman, the co-chairman of its fine art division. He rose to fame by creating an arts dreamland in the Brazilian jungle for...
Tags: Travel, Saudi Arabia, Mohammed bin Salman, Sotheby, Allan Schwartzman, Nabateans, Rupert Neil Bumfrey, Oasis Bloomberg, Help Saudi Prince Build Desert Art Oasis Bloomberg, Mada'in Salih


Saudi Arabia insists it remains ‘attractive for investment’ | Financial Times

Saudi Arabia insists it remains ‘attractive for investment’ | Financial Times:Saudi officials took to the stage on Wednesday to elaborate on next year’s state budget that will boost spending despite the kingdom’s stated aim of reducing its yawning fiscal deficit in the near future.Speaking in the ornate ballrooms of the Ritz-Carlton hotel, ministers touted the economic reform programme launched by Crown Prince Mohammed bin Salman in 2016, which they said had moved from the planning stage to impl...
Tags: Travel, Saudi Arabia, Financial Times, Mohammed bin Salman, Ritz Carlton, Rupert Neil Bumfrey, Jamal Khashoggi


Little room to manoeuvre as Saudi slows drive to cut deficit | Reuters

Little room to manoeuvre as Saudi slows drive to cut deficit | Reuters:Saudi Arabia is slowing a drive to cut its huge fiscal deficit in order to revive the economy, but the state budget plan for 2019 suggests it may not have room to boost growth by much.With unemployment among Saudis at a record 12.9 percent, creating jobs is becoming increasingly important to justify reforms launched over two years ago by Crown Prince Mohammed bin Salman, who aims to diversify the economy beyond oil exports.Th...
Tags: Travel, Saudi Arabia, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey


Party Time in Saudi Arabia Ends a Year of Fear - Bloomberg

Party Time in Saudi Arabia Ends a Year of Fear - Bloomberg:It was time to showcase the new Saudi Arabia. Under pulsing lights, men and women danced to the bass line of house music superstar David Guetta after electric racing cars whizzed around a track.Crown Prince Mohammed bin Salman, the 33-year-old de facto leader, toured the government-sponsored event over the weekend taking pictures with loyal followers. Then, on Tuesday, came the announcement of another year of handouts worth billions of d...
Tags: Travel, Washington Post, Saudi Arabia, Bloomberg, David Guetta, Mohammed bin Salman, Rupert Neil Bumfrey, Jamal Khashoggi


Saudi King Extends Billions in Handouts for Another Year - Bloomberg

Saudi King Extends Billions in Handouts for Another Year - Bloomberg:Saudi Arabia’s King Salman extended handout payments worth billions of dollars to citizens for another year to to cushion the impact of rising costs, a decision that may raise questions about the government’s commitment to trimming its wage bill.The monarch, in a royal order carried by the official Saudi Press Agency, ordered the renewal of the cost of living allowance until a study of the kingdom’s “social protection system” i...
Tags: Travel, Saudi Arabia, Bloomberg, Mohammed bin Salman, Salman, Ministry Of Finance, Saudi Press Agency, Rupert Neil Bumfrey


#SaudiArabia condemns US Senate ‘interference’ over Khashoggi | Financial Times

Saudi Arabia condemns US Senate ‘interference’ over Khashoggi | Financial Times:Saudi Arabia fired back at its critics in Washington for their “interference” in its affairs after the US Senate blamed the Saudi crown prince for the killing of journalist Jamal Khashoggi.In a statement late on Sunday, Riyadh said the Senate vote “was based on unsubstantiated claims and allegations, and contained blatant interferences in the kingdom’s internal affairs, undermining the kingdom’s regional and internat...
Tags: Travel, Washington, Saudi Arabia, Senate, US, US Senate, Yemen, Istanbul, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


Why Saudi Arabia Isn't Meeting Its Ambitious Solar Energy Targets - Bloomberg

Why Saudi Arabia Isn't Meeting Its Ambitious Solar Energy Targets - Bloomberg:Around the world, high oil prices tend to accelerate the shift to renewable energy and electric vehicles. In Saudi Arabia, they have the opposite effect. Over the past six years, the Saudis have announced investments of more than $350 billion aimed at making the sun-drenched kingdom the, well, Saudi Arabia of renewable energy.But virtually no construction has begun, and with crude more than doubling from early 2016 to ...
Tags: Travel, Saudi Arabia, Kingdom, Bloomberg, Mohammed bin Salman, International Energy Agency, Fatih Birol, Rupert Neil Bumfrey, Birol



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