Posts filtered by tags: Mohammed bin Salman[x]


 

The #Saudi Prince of Oil Prices Vows to Drill ‘Every Last Molecule’ - Bloomberg

Saudi Prince Abdulaziz bin Salman Seeks to Tame Oil Prices, OPEC, Russia - Bloomberg Prince Abdulaziz bin Salman Photographs: Bloomberg (2) The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and a dozen or so aides were heading home from a tumultuous meeting at OPEC’s headquarters in Vienna the day before.For most of the journ...
Tags: Travel, Washington, Saudi Arabia, Opec, Bloomberg, Earth, Vienna, Egypt, Boeing, Mediterranean, Eastern Europe, Mohammed bin Salman, Red Sea, Bank of America Corp, Abdulaziz, Rupert Neil Bumfrey


De facto #UAE leader arrives in #SaudiArabia amid tensions | Reuters

De facto UAE leader arrives in Saudi Arabia amid tensions | Reuters The United Arab Emirates' de facto ruler arrived in Saudi Arabia on Monday, state media said, at a time of tensions between the two Gulf allies that led this month to an open standoff over oil policy.Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan was met by Saudi Crown Prince Mohammed bin Salman in the capital Riyadh.A public dispute this month between Riyadh and Abu Dhabi disrupted policy setting by OPEC+, an oil produce...
Tags: Travel, Saudi Arabia, Opec, United Arab Emirates, Abu Dhabi, Uae, Gulf, Reuters, Riyadh, Mohammed bin Salman, Emirati, Mohammed bin Zayed Al Nahyan, Rupert Neil Bumfrey, Saudiarabia


Saudi Arabia is planning a futuristic city

Saudi Crown Prince Mohammed bin Salman is planning a $500 billion model city in the desert of northwest Saudi Arabia. Built from scratch, NEOM will purportedly be powered by clean energy, run by artificial intelligence, enhanced by machine learning, serviced by robot maids and flying taxis, and illuminated every night by a giant artificial moon.
Tags: News, Saudi Arabia, Stories, Mohammed bin Salman, NEOM, northwest Saudi Arabia Built


Saudi Arabia is planning a futuristic city. Don't build it with abusive labor practices

Saudi Crown Prince Mohammed bin Salman is planning a $500 billion model city in the desert of northwest Saudi Arabia. Built from scratch, NEOM will purportedly be powered by clean energy, run by artificial intelligence, enhanced by machine learning, serviced by robot maids and flying taxis, and illuminated every night by a giant artificial moon.
Tags: News, Saudi Arabia, Stories, Don, Mohammed bin Salman, NEOM, northwest Saudi Arabia Built


#Saudi sovereign wealth fund scopes banks for ESG framework - sources | Reuters

Saudi sovereign wealth fund scopes banks for ESG framework - sources | Reuters Saudi Arabia’s sovereign wealth fund has asked banks to help it develop an environmental, social and governance (ESG) framework, four sources said, a move that could allow it to expand its funding base to attract ESG-focussed investors.The Public Investment Fund (PIF) sent a request for proposals to banks last month, said the four sources with direct knowledge of the matter, speaking anonymously because the matter i...
Tags: Travel, Saudi Arabia, ESG, Pif, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Public Investment Fund PIF, NEOM, Red Sea Development Company


#Oman Leader’s Rare #SaudiArabia Visit Shows Region’s Shifts - Bloomberg

Oman Leader’s Rare Saudi Arabia Visit Shows Region’s Shifts - Bloomberg The sultan of Oman landed in Saudi Arabia on Sunday in the first visit by an Omani leader in over a decade, a sign of shifting alliances in the Persian Gulf as the kingdom reaches out to states with closer ties to regional rival Iran.Skyscrapers in the Saudi capital, Riyadh, were lit up in red and green, the colors of the Omani flag, to celebrate Sultan Haitham bin Tariq’s arrival. The visit to the city of Neom, where he w...
Tags: Travel, Saudi Arabia, Iraq, Qatar, Bloomberg, Iran, GCC, Middle East, United Arab Emirates, Oman, Uae, Mohammed, Gulf, North Africa, Riyadh, Mohammed bin Salman


#SaudiArabia Eases Subsidy Cuts With Gasoline Price Ceiling - Bloomberg

Saudi Arabia Eases Subsidy Cuts With Gasoline Price Ceiling - Bloomberg Saudi Arabia’s government set an upper limit for domestic gasoline prices and said the state would bear any extra costs, softening an energy subsidy cut program that’s drawn complaints from citizens.The ceiling for local gasoline prices will be set at June’s levels, or 2.18 riyals (58 cents) per liter of 91 octane, as of Saturday, according to a statement carried by the official Saudi Press Agency. The decision was made to...
Tags: Travel, New York, Saudi Arabia, Opec, Bloomberg, United Arab Emirates, Mohammed, Mohammed bin Salman, Saudi Press Agency, Rupert Neil Bumfrey, Bloomberg Saudi Arabia


Biden administration gives senior Saudi visitor the red carpet treatment signaling possible warming ties

The Biden administration hosted the most senior Saudi official to arrive in Washington since the White House distanced itself earlier this year from the kingdom and its defacto ruler Crown Prince Mohammed bin Salman in a visit that may signal yet another recalibration in the fraught relationship.
Tags: Washington, White House, Cnn, Biden, Mohammed bin Salman


#SaudiArabia and the #UAE Can't Afford Not to Be Friends Despite Their OPEC Tiff - Bloomberg

Saudi Arabia and the UAE Can't Afford Not to Be Friends Despite Their OPEC Tiff - Bloomberg The Middle East’s most meaningful alliance has endured territorial disputes, succession crises and the pressures of war in the neighborhood. Now the partnership between Saudi Arabia and the United Arab Emirates is being tested by a more existential challenge: economics. It will survive because the two Gulf Arab countries have many common interests, especially in the spheres of geopolitics and security: ...
Tags: Travel, Saudi Arabia, Qatar, Turkey, Iran, Middle East, Islam, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Muslim Brotherhood, Uae, Riyadh, Mohammed bin Salman, Mohammed bin Zayed


US hosts high-level #Saudi visit after Khashoggi killing

US hosts high-level Saudi visit after Khashoggi killing Top Biden administration officials on Tuesday hosted a brother to Saudi Arabia’s powerful crown prince, Mohammed bin Salman, in the highest-level such visit known since the U.S. made public intelligence findings linking the crown prince to the killing of journalist Jamal Khashoggi.The Biden administration did not publicly disclose the visit by Prince Khalid bin Salman, Saudi Arabia’s deputy defense minister, in advance. President Joe Bide...
Tags: Travel, Saudi Arabia, US, Joe Biden, Middle East, Biden, Mohammed bin Salman, Khalid, Sarah Leah Whitson, Rupert Neil Bumfrey, Khashoggi, Top Biden, Khalid bin Salman Saudi Arabia, Arab World Now, Jamal Khashoggi The Biden


US Hosts High-Level Saudi Visit After Khashoggi Killing

Top Biden administration officials are hosting a brother to powerful Saudi Arabian crown prince Mohammed bin Salman in Washington.
Tags: US, Mohammed bin Salman, Khashoggi, Top Biden


Saudis May Work Longer, Pay More to Fill Pension Fund Gap - Bloomberg

Saudis May Work Longer, Pay More to Fill Pension Fund Gap - Bloomberg Saudi Arabia is considering revamping the kingdom’s pension system to require citizens to work longer and contribute more, another hit to living standards that could undermine public support for Crown Prince Mohammed bin Salman’s efforts to reshape the oil-reliant economy.The government -- faced with an estimated actuarial gap of 800 billion riyals ($213 billion) at the state-controlled pension fund -- is weighing proposals ...
Tags: Travel, Mohammed bin Salman, Rupert Neil Bumfrey, GOSI, General Organization for Social Insurance, Gap Bloomberg, Gap Bloomberg Saudi Arabia


#SaudiArabia Plans $147 Billion Expansion for Transport Sector - Bloomberg

Saudi Arabia Plans $147 Billion Expansion for Transport Sector - Bloomberg Saudi Arabia plans to invest 550 billion riyals ($147 billion) in transport and logistics over the next nine years as Crown Prince Mohammed bin Salman looks to turn the kingdom into a global aviation hub.About 35% of that spending will come from the government and the rest from the private sector as officials launch a new international airline, expand airports, build a broader train network and explore new technologies,...
Tags: Travel, Saudi Arabia, Hyperloop, Jeddah, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Al Jasser, Billion Expansion for Transport Sector Bloomberg, Saleh Al Jasser, Riyadh Pushing


Analysis: OPEC disagreement lays bare growing #UAE-#Saudi economic rivalry | Reuters

Analysis: OPEC disagreement lays bare growing UAE-Saudi economic rivalry | Reuters Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan receives Saudi Crown Prince Mohammed bin Salman at the Presidential Airport in Abu Dhabi, United Arab Emirates November 27, 2019. WAM/Handout via REUTERS Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only lo...
Tags: Travel, Saudi Arabia, Opec, Qatar, Iran, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Amir Khan, Uae, Gulf, Reuters, Riyadh, Mohammed bin Salman


#SaudiArabia plans second national airline - by @Ahmed Al Omran - @RiyadhBureau

Saudi Arabia plans second national airline - by Ahmed Al Omran - Riyadh Bureau Saudi Crown Prince Mohammed bin Salman has announced plans to launch a second national airline as part of a broader push to turn the kingdom into a hub for transport and logistics to help diversify the economy and decrease dependence on oil revenues. The announcement came Tuesday shortly after the cabinet, chaired by his father the king, approved renaming the “Ministry of Transport” to “Ministry of Transport and Log...
Tags: Travel, Saudi Arabia, Kingdom, Riyadh, Mohammed bin Salman, Ministry of Transport, Rupert Neil Bumfrey, Public Investment Fund, Al Omran, Ahmed Al Omran Riyadh Bureau, Ministry of Transport and Logistic Services, National Transport and Logistics Strategy


A new ‘digital violence’ platform maps dozens of victims of NSO Group’s spyware

For the first time, researchers have mapped all the known targets, including journalists, activists, and human rights defenders, whose phones were hacked by Pegasus, a spyware developed by NSO Group. Forensic Architecture, an academic unit at Goldsmiths, University of London that investigates human rights abuses, scoured dozens of reports from human rights groups, carried out open-source research and interviewed dozens of the victims themselves to reveal over a thousand data points, including de...
Tags: Washington Post, Mexico, Saudi Arabia, Israel, Tech, Spain, United States, Laura Poitras, Enrique Peña Nieto, United Arab Emirates, Amnesty International, Pegasus, Montreal, University of Toronto, Signal, Mohammed bin Salman


ACWA Power Gets #Saudi Approval to Offer 11.1% Stake in IPO - Bloomberg

ACWA Power Gets Saudi Approval to Offer 11.1% Stake in IPO - Bloomberg Saudi Arabia’s Capital Market Authority approved an application by ACWA Power, the kingdom’s renewable energy leader, to sell an 11.1% stake in an initial public offering.ACWA Power, also known as International Co. for Water and Power Projects, will offer 81.2 million shares in the IPO, the market authority said in a statement Wednesday. The regulatory approval is valid for six months.The kingdom’s sovereign wealth fund hol...
Tags: Travel, Ipo, Middle East, Mohammed, Riyadh, Saudi Aramco, Mohammed bin Salman, ACWA Power, Rupert Neil Bumfrey, Capital Market Authority, IPO Bloomberg, ACWA Power Gets Saudi Approval to Offer, IPO Bloomberg Saudi Arabia, International Co for Water and Power Projects, Neom While Saudi Arabia


Saudis Leaving Workforce Push Unemployment to a Five-Year Low - Bloomberg

Saudis Leaving Workforce Push Unemployment to a Five-Year Low - Bloomberg Unemployment among Saudi Arabia’s citizens fell to its lowest level in nearly five years, but the decline was partly driven by people dropping out of the labor force, unwelcome news for a crown prince who has put job creation for a youthful population at the center of his agenda.The jobless rate decreased to 11.7% in the first quarter compared to 12.6% in the fourth quarter, continuing a strong downward trend after hitti...
Tags: Travel, Saudi Arabia, Mohammed bin Salman, Rupert Neil Bumfrey, Low Bloomberg, General Authority for Statistics However


Saudi Arabia Plans New National Airline as It Diversifies From Oil

CAIRO (Reuters) - Saudi Arabia's Crown Prince Mohammed bin Salman announced plans on Tuesday to launch a second national airline as part of a...
Tags: Mohammed bin Salman, CAIRO Reuters Saudi Arabia, Saudi Arabia Plans New National Airline


Sovereign fund PIF considers #Saudi Telecom stake sale, sources say | Reuters

Sovereign fund PIF considers Saudi Telecom stake sale, sources say | Reuters Saudi Arabia’s Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, sources close to the matter told Reuters, as the sovereign wealth fund seeks to monetise some of its assets.The fund, which holds $430 billion of assets, has hired Goldman Sachs and Saudi National Bank’s (SNB) investment banking arm to arrange a transaction, three sources said, declining to be named because the mat...
Tags: Travel, Saudi Arabia, Goldman Sachs, SNB, Pif, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey, Saudi Telecom, Public Investment Fund PIF, Saudi National Bank


Saudi Arabia executes 26-year-old man for protesting against the government when he was a teen, human rights groups say

Mustafa al-Darwish. Reprieve Saudi Arabia has executed a young man over his reported involvement in anti-government protests when he was a teenager, human rights groups said Tuesday. The Saudi Ministry of the Interior announced that Mustafa al-Darwish, 26, had been executed, according to Reprieve. Al-Darwish's family received no advance notice of his death and only learned that he had been executed by reading the news online, the UK-based non-profit organization said. Al-Darwish was arr...
Tags: UK, News, Saudi Arabia, International, Trends, Protests, Amnesty International, Executions, Mohammed bin Salman, Mustafa, Saudi Ministry of the Interior, Speed desk, Mustafa al Darwish Reprieve, Mustafa al Darwish, Al Darwish, Reprieve al Darwish


#Saudi first quarter GDP shrinks 3%, hit by oil sector decline | Reuters

Saudi first quarter GDP shrinks 3%, hit by oil sector decline | Reuters Saudi Arabia’s gross domestic product fell 3% in the first quarter, slightly less than official estimates and compared with a 1% contraction last year, as a sharp fall in the oil sector pulled back the economy, data showed.The kingdom’s economy has been hit hard by the twin shock of last year’s historic oil price crash and the COVID-19 pandemic.The non-oil sector grew 2.9%, from 1.6% growth a year earlier, while the oil se...
Tags: Travel, Reuters, Mohammed bin Salman, Reuters Saudi Arabia, Rupert Neil Bumfrey, General Authority for Statistics


#Saudi Wealth Fund Makes Senior Hires, Including Goldman Banker - Bloomberg

Saudi Wealth Fund Makes Senior Hires, Including Goldman Banker - Bloomberg Saudi Arabia’s $430 billion sovereign wealth fund made three senior hires, including Goldman Sachs Group Inc.’s head of investment banking in the kingdom, as it expands deal-making.Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund, according to a statement. Omar AlMadhi, who previously worked with Saudi Aramco and Volkswagen AG, will join him at the division as ...
Tags: Travel, Saudi Arabia, Softbank, Goldman, Pif, Lucid, Saudi Aramco, Mohammed bin Salman, Goldman Sachs Group Inc, Volkswagen AG, HSBC Holdings Plc, Uber Technologies, Rupert Neil Bumfrey, Vision Fund, Yazeed Alhumied, Abdullah Shaker


2 years ago, a Saudi princess was kidnapped and jailed without charge. Her family say they're being stonewalled, and are urging Biden to step in.

Princess Basmah. Marcus Ingram/Getty Images; Samantha Lee/Insider Princess Basmah, a Saudi royal and activist, was abducted and imprisoned in early 2019. Her inner circle said Saudi Arabia has ignored their pleas, and are calling on Biden intervene. The State Department and House Foreign Affairs Committee have been trying to help, but are also being stonewalled. Visit Insider's homepage for more stories. On February 28, 2019, shortly before her 54th birthday, Princess Basmah bint Saud ...
Tags: Europe, Politics, Abc, Saudi Arabia, US, Trends, Joe Biden, Washington Dc, News UK, European Commission, State Department, Biden, Donald Trump, European Parliament, Jeddah, Riyadh


British Foreign Minister Discusses Iran With Saudi Crown Prince

DUBAI (Reuters) - Britain's foreign minister Dominic Raab met with Saudi Crown Prince Mohammed bin Salman in the kingdom on Monday and discussed...
Tags: Iran, Dubai, Mohammed bin Salman, Reuters Britain, Dominic Raab


Abdulaziz bin Salman, the prince in charge of #Saudi oil | Financial Times

Abdulaziz bin Salman, the prince in charge of Saudi oil | Financial Times © Joe Cummings Prince Abdulaziz bin Salman of Saudi Arabia spent most of his adult life as energy-minister-in-waiting. But just six days after becoming the first royal to take on the role, the kingdom’s oil production was cut in half by a series of drone and missile attacks that set the world’s largest crude processing facility ablaze.  The attack on Abqaiq in September 2019, which Riyadh and Was...
Tags: Travel, London, Washington, Saudi Arabia, Russia, Iran, Donald Trump, Financial Times, Riyadh, Saudi Aramco, Mohammed bin Salman, Salman, Abdulaziz, Abqaiq, Rupert Neil Bumfrey, Abdulaziz bin Salman


Pentagon Chief, Saudi Crown Prince Discuss Regional Security, Yemen War

WASHINGTON (Reuters) - U.S. Defense Secretary Lloyd Austin spoke with Saudi Crown Prince Mohammed bin Salman on Wednesday and emphasized U.S....
Tags: Washington, Pentagon, Mohammed bin Salman, Reuters U S Defense, Lloyd Austin


#SaudiArabia 2021: Women at Work Climbing Fast in Conservative Islamic Kingdom - Bloomberg

Saudi Arabia 2021: Women at Work Climbing Fast in Conservative Islamic Kingdom - Bloomberg It looks like a woman’s world on the 29th floor of Tamkeen Tower, where a call center for Saudi Arabia’s General Authority for Statistics overlooks the beige sprawl of Riyadh. Past frosted glass doors, the few men to one side of the room are vastly outnumbered by female colleagues sitting at desks spread across the office.The scene is the opposite of what most workplaces in the conservative Islamic kingd...
Tags: Travel, Saudi Arabia, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, General Authority for Statistics, Kingdom Bloomberg, Tamkeen Tower, Reem Almuhanna


Did Jordan’s closest allies plot to unseat its king?

Alleged sedition and a royal family feud may have been driven by a broader plan to reshape the Middle East The phone call that shook the Jordanian government came in the second week of March this year. On the line to the General Intelligence Directorate (GID) in Amman was the US Embassy, seeking an urgent meeting about a matter of national importance. The kingdom’s spies were startled. Danger was brewing on the home front, they were told, and could soon pose a threat to the throne.Within hours, ...
Tags: Saudi Arabia, Israel, US, World news, US foreign policy, Middle East and North Africa, Palestinian territories, Middle East, Jordan, Donald Trump, Amman, King Abdullah, Mohammed bin Salman, Abdullah, Trump Administration, Jared Kushner


Google urged to halt cloud-computing project in Saudi Arabia over human rights concerns

Dakar Rally organizers stand in front of a screen displaying images of Saudi King Salman, right, and Crown Prince Mohammed bin Salman, during a presentation in Dakar village, in Jiddah, Saudi Arabia, Saturday, Jan. 4, 2020. AP Photo/Amr Nabil In December 2020, Google announced it would build a cloud-computing center in Saudi Arabia. Critics fear that could allow Saudi authorities to more easily access user data. Human rights groups are calling on Google to halt work on the project. See mor...
Tags: Google, Amazon, South Korea, Twitter, Microsoft, Saudi Arabia, Cloud Computing, US, International, Trends, Qatar, Tech News, Gaza, Amnesty International, Silicon Valley, Electronic Frontier Foundation