Travel


Posts filtered by tags: Riyadh[x]


 

#SaudiArabia would need oil at $80-$85 a barrel to balance budget: IMF official | Reuters

Saudi Arabia would need oil at $80-$85 a barrel to balance budget: IMF official | Reuters:Top oil exporter Saudi Arabia would need oil priced at $80-$85 a barrel to balance its budget this year, an International Monetary Fund official said. Riyadh’s breakeven oil price depends on several factors, including the level of oil production, how much of Saudi oil revenues are transferred to the budget, and how non-oil revenues perform this year.“But if you take the (2019) budget as presented with every...
Tags: Travel, Saudi Arabia, Middle East, International Monetary Fund, Imf, Reuters, Riyadh, Central Asia, Rupert Neil Bumfrey, Jihad Azour


#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


#SaudiArabia has attracted $43bn of foreign investment in four years, says official report

Saudi Arabia has attracted $43bn of foreign investment in four years, says official report:Saudi Arabia attracted $43 billion worth of foreign investment between 2013 and 2017, a study by the Chamber of Commerce and Industry in Riyadh has found.The 493 investments were made by 361 foreign firms, the study noted, according to the Asharq Al-Awsat newspaper. The economic transformation underway in the Kingdom is set to lure in more foreign investment. [Author: [email protected] (Rupert Neil Bu...
Tags: Travel, Saudi Arabia, Kingdom, Riyadh, Asharq Al Awsat, Chamber of Commerce and Industry, 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


#Saudi- #UAE business forum kicks off in Riyadh

Saudi-UAE business forum kicks off in Riyadh:Saudi Arabia’s minister of commerce and investment has praised relations with the United Arab Emirates during the second Saudi-UAE Business Forum which kicked off on Thursday in Riyadh.Majid bin Abdullah Al-Qasabi stressed that distinguished relations in all fields between Saudi Arabia and the UAE derive their strength from brotherly ties between the two countries and their leaderships.“The vision of the two brotherly countries seeks sustainable devel...
Tags: Travel, Saudi Arabia, United Arab Emirates, Uae, Riyadh, Rupert Neil Bumfrey, Riyadh Majid, Abdullah Al Qasabi


Aramco Could Stagger Payments for Sabic Deal, Oil Minister Says - Bloomberg

Aramco Could Stagger Payments for Sabic Deal, Oil Minister Says - Bloomberg:Saudi Aramco could stagger payments for the acquisition of chemical giant Sabic, offering flexibility in how to finance the largest deal in the kingdom’s history, energy minister Khalid Al-Falih said.Aramco is close to agreeing on the purchase of a 70 percent stake in Sabic from the Public Investment Fund for as much as $70 billion. The state-run oil company carries almost no debt, but plans an unprecedented internationa...
Tags: Travel, Bloomberg, Riyadh, Aramco, Saudi Aramco, SABIC, Khalid al Falih, Rupert Neil Bumfrey, Al Falih


Saudis Pledge Even Deeper Oil Cuts in February Under OPEC+ Deal - Bloomberg

Saudis Pledge Even Deeper Oil Cuts in February Under OPEC+ Deal - Bloomberg:Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said.The world’s biggest exporter targeted production of 10.2 million barrels a day in January and is aiming to pump about 10.1 million in February, he said. Saudi Arabia’s voluntary limit under the December cuts deal...
Tags: Travel, Saudi Arabia, Russia, Opec, Riyadh, Bloomberg Television, Khalid al Falih, Rupert Neil Bumfrey, OPEC Deal Bloomberg


#Saudi government to spend 100 billion riyals on industry plan | Reuters

Saudi government to spend 100 billion riyals on industry plan | Reuters:The Saudi Arabian government will spend 100 billion riyals ($27 billion) in 2019 and 2020 as part of its industrial development program, Aabed Abdullah al-Saadoun, deputy minister of Energy, Industry and Mineral Resources said on Monday.The program is offering investment opportunities in mining, industry, logistics and energy sectors inside the kingdom, according to a document distributed to participants at an investment con...
Tags: Travel, Reuters, Riyadh, Rupert Neil Bumfrey, Aabed Abdullah al Saadoun, Energy Industry and Mineral Resources


#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, #UAE Loans to Help Pakistan Avert Financial Crisis - Bloomberg

Saudi, U.A.E. Loans to Help Pakistan Avert Financial Crisis - Bloomberg:Pakistan received $1 billion from Saudi Arabia Friday, a day after the United Arab Emirates deposited the first installment of a $3 billion financial support package aimed at helping the South Asian nation tide over a balance-of-payment crisis.The U.A.E. transferred $1 billion as part of an agreement between Pakistan and the Abu Dhabi Fund for Development this month, the central bank said in a statement on Twitter Thursday. ...
Tags: Travel, Saudi Arabia, Pakistan, United Arab Emirates, Riyadh, KARACHI Pakistan, South Asian, Rupert Neil Bumfrey, Abu Dhabi Fund for Development, Mohammed Sohail, Topline Securities Pakistan Ltd


Bakr bin Laden temporarily released from #Saudi detention: sources | Reuters

Bakr bin Laden temporarily released from Saudi detention: sources | Reuters:Bakr bin Laden, former chairman of construction giant Saudi Binladin Group, has been temporarily released nearly 15 months after his arrest in Saudi Arabia’s anti-corruption campaign, three sources with knowledge of the matter said on Thursday.The sources said he was taken from Riyadh’s Ha’ir prison on Wednesday and then flown to the western city of Jeddah to attend a close relative’s funeral. He is expected to return to...
Tags: Travel, Saudi Arabia, Jeddah, Reuters, Riyadh, Saudi Binladin Group, Rupert Neil Bumfrey, Bakr bin Laden


World’s Worst Economy Is a Threat to Mideast Rulers Rich or Poor - Bloomberg

World’s Worst Economy Is a Threat to Mideast Rulers Rich or Poor - Bloomberg:Saudi ministers had just finished presenting an upbeat view of the kingdom’s economic prospects for 2019 at a December conference in Riyadh when a businessman sitting in the audience burst their bubble. After congratulating the officials on their growth predictions, Abdulaziz Al-Ajlan, a textile manufacturer, politely pointed out how little their outlook resembles reality. “Many small and medium-sized companies are shut...
Tags: Travel, Middle East, International Monetary Fund, Latin America, Imf, North Africa, Riyadh, Mideast, Persian Gulf, Rupert Neil Bumfrey, Poor Bloomberg, Abdulaziz Al Ajlan


Former Ritz Detainee Alhokair Is Said to Restart #Saudi Mall IPO - Bloomberg

Former Ritz Detainee Alhokair Is Said to Restart Saudi Mall IPO - Bloomberg:Fawaz Alhokair Group, whose billionaire co-founder was detained in Saudi Arabia’s declared corruption crackdown, is restarting work on the initial public offering of its Arabian Centres malls unit, people familiar with the matter said.The group is working with Moelis & Co., Morgan Stanley, Samba Financial Group and NCB Capital on plans to sell 30 percent of the company and list the shares on the Saudi stock exchange, the...
Tags: Travel, Saudi Arabia, Ipo, Riyadh, Ritz Carlton, NCB Capital, Rupert Neil Bumfrey, Fawaz Alhokair, Fawaz Alhokair Group, Fawaz Abdulaziz Alhokair Co, Ritz Detainee Alhokair Is Said, Restart Saudi Mall IPO Bloomberg, Moelis Co Morgan Stanley Samba Financial Group


#Saudi Alhokair's mall unit files for IPO, offering in Q2 -sources | ZAWYA MENA Edition

Saudi Alhokair's mall unit files for IPO, offering in Q2 -sources | ZAWYA MENA Edition:Saudi Arabia's Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday.Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four sources who declined to be named due to commercial sensitivities.Arabian Centres did not respond to requ...
Tags: Travel, Saudi Arabia, Ipo, Reuters, Riyadh, Rupert Neil Bumfrey, Capital Market Authority, Fawaz Alhokair Group, Arabian Centres Company, Arabian Centres


#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


Russian sovereign wealth fund to boost deals with #SaudiArabia | Reuters

Russian sovereign wealth fund to boost deals with Saudi Arabia | Reuters:Russian sovereign wealth fund RDIF said on Wednesday it was poised to significantly increase its number of investment deals with Saudi Arabia.Kirill Dmitriev, the head of the fund, met Saudi Energy Minister Khalid al-Falih and other Saudi officials in Riyadh to discuss projects in oil refining, petrochemicals, gas chemicals and oilfield services, among other fields, RDIF said in a statement.The fund said last month it was c...
Tags: Travel, Saudi Arabia, Reuters, Riyadh, Khalid al Falih, Rupert Neil Bumfrey, Novatek, Saudi Energy, RDIF, Kirill Dmitriev, NVTK


#SaudiAramco's bond will probably be in 10 billion range: energy minister | Reuters

Saudi Aramco's bond will probably be in 10 billion range: energy minister | Reuters:Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday.Khalid al-Falih, speaking at a conference in Abu Dhabi, did not specify the currency of the planned debt issuance but last week he said at an event in Riyadh that the bonds - which would be Aramco’s debut in the international debt markets - are likely to be denominated in U.S. dollars.The Sa...
Tags: Travel, Saudi Arabia, Abu Dhabi, Reuters, Riyadh, Aramco, Saudi Aramco, Khalid al Falih, Rupert Neil Bumfrey


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


#SaudiArabia passes bond test as investors look past Khashoggi | Reuters

Saudi Arabia passes bond test as investors look past Khashoggi | Reuters:Saudi Arabia drew a strong response on Wednesday in its first test of international bond market sentiment since coming under intense scrutiny in October from foreign governments and investors over the murder of journalist Jamal Khashoggi.Seeking to raise $7.5 billion, Riyadh attracted demand that topped $27 billion for the dual-tranche paper maturing in 2029 and 2050, according to a document issued by one of the banks leadi...
Tags: Travel, Saudi Arabia, Reuters, Riyadh, Rupert Neil Bumfrey, BlueBay Asset Management, Khashoggi, Jamal Khashoggi, Timothy Ash


Exclusive: #Saudi private jet industry stalls after corruption crackdown | Reuters

Exclusive: Saudi private jet industry stalls after corruption crackdown | Reuters:A crackdown on corruption in Saudi Arabia has severely dented the kingdom’s private jet industry in a sign of the impact the campaign has had on private enterprise and the wealthy elite.Dozens of planes, owned by individuals and charter companies and worth hundreds of millions of dollars, are stranded at airports across the kingdom including Riyadh and Jeddah, four people familiar with the matter told Reuters.Some ...
Tags: Travel, Saudi Arabia, Jeddah, Reuters, Riyadh, Rupert Neil Bumfrey


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 Arabia Targets $32 Billion of Bond Sales to Bridge Deficit - Bloomberg

Saudi Arabia Targets $32 Billion of Bond Sales to Bridge Deficit - Bloomberg:Saudi Arabia intends to issue around 120 billion riyals ($32 billion) of bonds next year to help finance its deficit, with plans to tap international markets in the first half, Finance Minister Mohammed Al-Jadaan said.The kingdom is considering international bonds in dollars and other currencies, Al-Jadaan told Bloomberg TV in Riyadh on Wednesday. The exact timing of the issuances will depend on market conditions. The m...
Tags: Travel, Asia, Europe, Saudi Arabia, Bloomberg, Riyadh, Bloomberg TV, Rupert Neil Bumfrey, Mohammed al Jadaan, Al Jadaan


The $259bn question: Saudi Arabia's 2019 budget under the microscope

The $259bn question: Saudi Arabia's 2019 budget under the microscope:Saudi Arabia’s 2019 budget is undoubtedly ambitious — but is it realistic? That was a key question being asked on the sidelines of a forum held on Wednesday in Riyadh, where government ministers discussed how next year’s spending plan would play out.According to the budget, Saudi Arabia will boost spending by about 7 percent to $295 billion in 2019, yet also reduce the deficit by 4.2 percent. Oil revenues are expected to reach ...
Tags: Travel, Saudi Arabia, Riyadh, Finance Ministry, Rupert Neil Bumfrey


US shale juggernaut will stomp on Opec’s oil plans | Financial Times

US shale juggernaut will stomp on Opec’s oil plans | Financial Times:Opec and Russia started the year cutting oil production, spent the middle of the year raising production and have ended the year by agreeing to cut it again.That, in a nutshell, is the narrative of the oil market in 2018. But while it is the time of year for looking backwards, what it tells us about what lies in store for 2019 may be causing a few sleepless nights in Riyadh and Moscow.Oil prices may still be on course to averag...
Tags: Travel, Russia, US, Opec, Moscow, Financial Times, Riyadh, Rupert Neil Bumfrey


Saudi collected more than 50 billion riyals in 2018 from Ritz settlements: minister | Reuters

Saudi collected more than 50 billion riyals in 2018 from Ritz settlements: minister | Reuters:Saudi Arabian government collected more than 50 billion riyal ($13.33 billion) so far this year from settlements reached with detainees in a crackdown on corruption launched at the end of last year, said Finance Minister Mohammed al-Jadaan on Tuesday.Scores of top officials and businessmen were detained in Riyadh’s Ritz-Carlton Hotel in a purge, which began in November 2017. Investigators said earlier t...
Tags: Travel, Reuters, Riyadh, Ritz, Ritz Carlton Hotel, Rupert Neil Bumfrey, Mohammed al Jadaan


#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


Missing Billionaire's Empire Boomed After Arrest in Saudi Arabia #MbS - Bloomberg

Missing Billionaire's Empire Boomed After Arrest in Saudi Arabia - Bloomberg:More than a year ago, he vanished into the Ritz-Carlton in Riyadh, along with dozens of Saudi princes and businessmen.Before long, rumors swirled: Was the billionaire Mohammed Al Amoudi even alive?Now, at last, comes the answer. Al Amoudi, is "still alive" and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified. [Author: [email protected] (Rupert ...
Tags: Travel, Saudi Arabia, Bloomberg, Riyadh, Ritz Carlton, al Amoudi, Rupert Neil Bumfrey, Mohammed Al Amoudi


#Dubai's ENOC Group plans 45 new service stations in Saudi Arabia | ZAWYA MENA Edition

Dubai's ENOC Group plans 45 new service stations in Saudi Arabia | ZAWYA MENA Edition:Dubai's Emirates National Oil Company (ENOC) said on Monday it plans to open 45 new service stations in Saudi Arabia over the next five years. Over the next two years, it will open stations in the Central Region, mainly Riyadh and the Eastern province, it said.ENOC said the plan would support the kingdom's aim to open 1,200 more petrol stations. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Dubai, Riyadh, ENOC, Central Region, Rupert Neil Bumfrey, Emirates National Oil Company ENOC, ENOC Group


Qatar's Emir Won't Join Gulf Summit in Riyadh: Turkey's AA - Bloomberg

Qatar's Emir Won't Join Gulf Summit in Riyadh: Turkey's AA - Bloomberg:The Qatari Emir, Tamim Bin Hamad Al Thani, will not join the Gulf Cooperation Council Summit to be held in Riyadh on Sunday, Turkey’s Anadolu Agency reported late Saturday, citing a Qatari official it didn’t identify.A state minister will represent the country at the meeting instead, AA reported. Saudi Arabia’s King Salman bin Adbulaziz invited Qatar’s ruler to attend the regional summit in a sign of a potential thaw between ...
Tags: Travel, Saudi Arabia, Qatar, Turkey, Yemen, Riyadh, Anadolu Agency, Tamim Bin Hamad Al Thani, Rupert Neil Bumfrey, Jamal Khashoggi, AA Bloomberg, Gulf Cooperation Council Summit, Salman bin Adbulaziz



Filters
show more filters
December - 2018
MoTuWeThFrSaSu
     12
3456789
10111213141516
17181920212223
24252627282930
31      
January - 2019
MoTuWeThFrSaSu
 123456
78910111213
14151617181920
21222324252627
28293031   
February - 2019
MoTuWeThFrSaSu
    123
45678910
11121314151617
18192021222324
25262728