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Saudi Arabia Has Received Nuclear Offers From Five Countries, Says Official

24 Jan (NucNet): Saudi Arabia has received offers from five countries to build the first two nuclear power plants in the kingdom, an official said. [Author: [email protected]]
Tags: Saudi Arabia


Sight of #Saudi Bailout Bazooka Enough for Record Bond Rally - Bloomberg

Sight of Saudi Bailout Bazooka Enough for Record Bond Rally - Bloomberg:When Saudi Arabia vows to go “all the way” for a country in need, the rest is just noise for investors.A day after Lebanon’s bonds sank following a credit rating downgrade by Moody’s Investors Service, a show of support by Saudi Arabia was enough to undo the damage. With the kingdom’s regional rival Qatar also agreeing to throw a $500 million lifeline to Lebanon earlier this week, its dollar bonds due 2028 jumped the most ev...
Tags: Travel, Saudi Arabia, Qatar, Bahrain, Lebanon, Cnbc, Persian Gulf, Rupert Neil Bumfrey, Moody 's Investors Service, Record Bond Rally Bloomberg


Saudis to Davos: move on from Khashoggi, let's do business | Reuters

Saudis to Davos: move on from Khashoggi, let's do business | Reuters:If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. The kingdom has sent one of its strongest delegations ever to the Swiss mountain resort and packed its top executives’ agendas with meetings with international peers.It has even managed to secure top Western businessmen...
Tags: Travel, Saudi Arabia, Davos, Morgan Stanley, Reuters, World Economic Forum, James Gorman, Rupert Neil Bumfrey, Patrick Pouyanne, Khashoggi, Jamal Khashoggi


Mideast Stocks: Petchems hurt #Saudi, #Dubai weighed down by property stocks | ZAWYA MENA Edition

Mideast Stocks: Petchems hurt Saudi, Dubai weighed down by property stocks | ZAWYA MENA Edition:The Saudi stock market dropped on Thursday as weak oil prices pressured its petrochemical firms, while weakness in property stocks such as DAMAC Properties weighed on Dubai stocks.International Brent crude oil futures were at $60.88 a barrel, down 0.4 percent from their last settlement.Saudi Arabia's index fell 0.4 percent, with industry heavyweight Saudi Basic Industries Corp sliding 0.7 percent. ...
Tags: Travel, Saudi Arabia, Dubai, Saudi Basic Industries Corp, DAMAC Properties, Rupert Neil Bumfrey


Saudi crown prince offers full support for Iraq's security: Iraq PM's office

Saudi Arabia's Crown Prince Mohammed Bin Salman on Thursday offered his full support for Iraq's continued security in a phone call to Prime Minister Adel Abdul Mahdi. The countries have been at loggerheads since the Iraqi invasion of Kuwait in 1990. The call was the latest indication of attempts to improve relations, which began with the reopening of the Saudi Arabian embassy in Baghdad in 2016.
Tags: Science, Saudi Arabia, Iraq, Kuwait, Baghdad, Mohammed bin Salman, Adel Abdul Mahdi


Saudis to Davos: move on from Khashoggi, let's do business

If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has even managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major Total’s chief executive Patrick Pouyanne and Morgan Stanley’s boss James Gorman will be sitting next to the Saudi finance and economy ministers. The Davos g...
Tags: Science, Saudi Arabia, Davos, Morgan Stanley, Istanbul, World Economic Forum, Swiss Alps, James Gorman, Mohammed bin Salman, Patrick Pouyanne, Khashoggi, Jamal Khashoggi


Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion

Majid Al Futtaim boss: ‘We’ll be everywhere’ in Saudi cinema expansion:A leading foreign investor in Saudi Arabia signaled his confidence in the Kingdom’s economy and investment prospects with a multibillion-dollar expansion program and a rollout of innovations in leisure and retail.Speaking on the sidelines of the annual World Economic Forum in Davos, Alain Bejjani, chief executive of Dubai-based Majid Al Futtaim (MAF), unveiled the latest stages of a $4 billion investment plan.This includes th...
Tags: Travel, Saudi Arabia, Kingdom, Dubai, Vox, Jeddah, Majid Al Futtaim, Carrefour, Rupert Neil Bumfrey, Majid Al Futtaim MAF, Davos Alain Bejjani


#SaudiArabia could get $50bn inflow windfall says CMA chief

Saudi Arabia could get $50bn inflow windfall says CMA chief:Saudi Arabia could attract inflows of as much as $50 billion according to the Kingdom’s markets chief.Mohammed bin Abdullah Al-Quweiz, the president of Saudi Capital Market Authority, said he expected inflows of around $30-$50 billion because of the recent upgrade in emerging market indices.He made the prediction in an interview with Al Arabiya on the sidelines of the World Economic Forum in Davos. [Author: [email protected] (Ruper...
Tags: Travel, Saudi Arabia, Kingdom, Davos, Cma, World Economic Forum, Al Arabiya, Rupert Neil Bumfrey, Saudi Capital Market Authority, Mohammed bin Abdullah Al Quweiz


#Qatar's $500 Million Foray Into Lebanon Provokes Saudi Pushback - Bloomberg

Qatar's $500 Million Foray Into Lebanon Provokes Saudi Pushback - Bloomberg:Qatar threw a $500 million lifeline to Lebanon because of what it sees as its mission to be the Middle East’s emergency lender to nations in distress, according to the country’s foreign minister.Not to be outdone, Qatar’s regional rival Saudi Arabia vowed less than a day later to support one of the world’s most indebted nations “all the way.”For the small gas-rich emirate, the rationale for buying Lebanese government bon...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Middle East, Lebanon, Mohammed bin Abdulrahman Al Thani, Rupert Neil Bumfrey, Manulife Asset Management


Newcomers pile into race for #Qatar LNG | Reuters

Newcomers pile into race for Qatar LNG | Reuters:Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway’s Equinor and Italy’s Eni, industry sources said.Plans to expand Qatar’s liquefied natural gas (LNG) facilities, already the world’s largest, by more than a third in the next five years are considered one of the most lucrative investments in the rapidly growing global ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Italy, Doha, Gulf, Reuters, Eni, United Arab Emirates Bahrain, Rupert Neil Bumfrey, Iran Qatar, Chevron Norway


U.S. oil firms tell OPEC their growth will slow | Reuters

U.S. oil firms tell OPEC their growth will slow | Reuters:U.S. oil producers sought on Wednesday to soothe OPEC’s worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.The Organization of the Petroleum Exporting Countries and non-OPEC allies such as Russia have cut output since 2017 to support oil prices, while watching producers in the United States, which is not party to the cuts, drive up production.The United Sta...
Tags: Travel, Saudi Arabia, Russia, Opec, United States, Reuters, Organization of the Petroleum Exporting Countries, Rupert Neil Bumfrey


MIDEAST STOCKS-Financials lift #Dubai, most major Gulf markets gain | Reuters

MIDEAST STOCKS-Financials lift Dubai, most major Gulf markets gain | Reuters:The Dubai stock market snapped a three day losing streak on Wednesday, boosted by its financial and property shares, while Saudi Arabia rose on the back of its banks.The Dubai index was up 0.9 percent higher with Emirates NBD, its largest bank, adding 2.1 percent and its largest listed developer Emaar Properties gaining 2.2 percent.Gulf Arab economies are expected to grow at a slower pace than previously forecast, a qua...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey


Why A.I. is a big fat lie

All the hype around artificial intelligence misunderstands what intelligence really is. And A.I. is definitely, definitely not going to kill you, ever.Machine learning as a process and a concept, however, holds more promise. A.I. is a big fat lie A.I. is a big fat lie. Artificial intelligence is a fraudulent hoax — or in the best cases it's a hyped-up buzzword that confuses and deceives. The much better, precise term would instead usually be machine learning – which is genuinely powerful and ev...
Tags: Amazon, Elon Musk, North Korea, Saudi Arabia, Michael Bay, Siri, Data, Nasa, Bbc, Artificial Intelligence, New York Times, Bill Gates, Innovation, Alan Turing, Machine Learning, Stephen Hawking


Saudi Arabia to host Spanish-style 'bull run'

The Gulf kingdom has ambitious aims for its growing state-backed entertainment sector.
Tags: News, Saudi Arabia, Gulf


Lebanon's Bond Buyer of Last Resort Gets Hint of Saudi Pushback - Bloomberg

Lebanon's Bond Buyer of Last Resort Gets Hint of Saudi Pushback - Bloomberg:Qatar threw a $500 million lifeline to Lebanon because of what it sees as its mission to be the Middle East’s emergency lender to nations in distress, according to the country’s foreign minister.Not to be outdone, Qatar’s regional rival Saudi Arabia vowed less than a day later to support one of the world’s most indebted nations “all the way.”For the small gas-rich emirate, the rationale for buying Lebanese government bon...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, Middle East, Lebanon, Mohammed bin Abdulrahman Al Thani, Rupert Neil Bumfrey, Manulife Asset Management


Gulf Arab economies likely to grow more slowly through 2020 | ZAWYA MENA Edition

Gulf Arab economies likely to grow more slowly through 2020 | ZAWYA MENA Edition:Gulf Arab economies will grow at a slower pace than previously forecast, a quarterly Reuters poll of economists found, as oil output cuts, lower crude prices and weaker global growth put pressure on regional economies.Gross domestic product in Saudi Arabia, the largest Gulf Arab economy and the world's largest oil exporter, will grow 2.1 percent in 2019 and 2.2 percent in 2020, the poll of 22 economists projected. T...
Tags: Travel, Saudi Arabia, Reuters, Gulf Arab, Rupert Neil Bumfrey


MIDEAST STOCKS-Financials weigh on #Qatar, most Major Gulf markets mixed | Reuters

MIDEAST STOCKS-Financials weigh on Qatar, most Major Gulf markets mixed | Reuters:The Qatar stock market fell in early trading on Wednesday, pressured by its financial shares, while property stocks lifted Saudi Arabia’s index.Qatar’s index lost 0.8 percent, primarily due to a 1 percent drop in blue-chip Qatar National Bank and a 1.4 percent fall in lender Masraf Al Raya.Gulf Arab economies will grow at a slower pace than previously forecast, a quarterly Reuters poll of economists found, as oil o...
Tags: Travel, Saudi Arabia, Qatar, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Major Gulf, Masraf Al Raya Gulf Arab


Russian spy chief met Saudi counterpart and Crown Prince: Ifax

MOSCOW (Reuters) - The head of Russia's SVR foreign intelligence agency Sergei Naryshkin on Monday met Saudi Arabia's Crown Prince Mohammed bin Salman, as well as the head of the kingdom's intelligence services, the Interfax news agency said on Wednesday. Naryshkin discussed cooperation in the fight against international terrorism with his Saudi counterpart, Interfax cited Russia's Foreign Intelligence Service as saying. (Reporting by Polina Ivanova; Writing by Polina Nikolskaya;...
Tags: Science, Saudi Arabia, Russia, Moscow, Reuters, Interfax, Mohammed bin Salman, SVR, Foreign Intelligence Service, Sergei Naryshkin, Polina Nikolskaya, Naryshkin, Polina Ivanova


AC Milan sign Krzysztof Piatek as replacement for Chelsea's Gonzalo Higuain

With Gonzalo Higuain set to be loaned out to Chelsea by Milan, the FC guys question if he'll be able to solve Chelsea's woes in front of goal. Cristiano Ronaldo's second-half header secured Juventus' first Italian Super Cup since 2015 against 10-man AC Milan, in Saudi Arabia. Italian Supercoppa: Franck Kessie (74') Juventus 1-0 AC Milan AC Milan have completed a deal to sign Krzysztof Piatek from Genoa on a four-and-a-half year contract, the club have ...
Tags: Milan, Saudi Arabia, Football, Sport, Story, Chelsea, Transfers, Cristiano Ronaldo, Juventus, Ac Milan, Genoa, Lecce, Rossoneri, Fc, Coppa Italia, Gonzalo Higuain


Deaths of Saudi sisters found bound together in New York river ruled suicide

Bodies of Rotana Farea and Tala Farea were found taped together, lying on rocks along the river last OctoberThe tragic and mysterious death of two Saudi Arabian sisters whose bodies were found, taped together, along New York City’s waterfront last October appears to have been a double suicide.Rotana and Tala Farea both drowned and the cause of death was suicide, New York medical examiner Barbara Sampson said in a brief report on Tuesday evening. Continue reading...
Tags: New York, Saudi Arabia, New York City, US news, Middle East and North Africa, Rotana, Barbara Sampson, Rotana Farea, Tala Farea


Time to tear down Mideast trade barriers, Davos panel hears

Time to tear down Mideast trade barriers, Davos panel hears:Amid global trade wars and the rise of protectionism, Middle East economic and business leaders on Tuesday issued a clarion call for the exact opposite: To ease customs restrictions in the region.A panel at Davos heard how an agreement between Saudi Arabia and the UAE to boost cooperation — including the reduction of obstacles to trade across the shared border — could be a blueprint for the wider region.Mohammad Al-Tuwaijri, Saudi minis...
Tags: Travel, Saudi Arabia, Davos, Middle East, Uae, Mideast, Rupert Neil Bumfrey, Mohammad Al Tuwaijri


Kingdom Holding May Spin Off Part of Real Estate Business, CEO Says – Bloomberg

Kingdom Holding May Spin Off Part of Real Estate Business, CEO Says – Bloomberg:Talal Ibrahim Al Maiman, chief executive officer at Kingdom Holding, discusses investor interest in Saudi Arabia, potentially spinning off part of the real estate business, and where the company is investing. He speaks with Bloomberg's Francine Lacqua at the World Economic Forum's annual meeting in Davos, Switzerland, on "Bloomberg Surveillance." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfre...
Tags: Travel, Saudi Arabia, Bloomberg, Davos Switzerland, Kingdom Holding, Rupert Neil Bumfrey, Talal Ibrahim al Maiman, Francine Lacqua


U.S. shale oil output to rise to record 8.179 million bpd in February: EIA | Reuters

U.S. shale oil output to rise to record 8.179 million bpd in February: EIA | Reuters:U.S. oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bpd) in February to a record 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday.The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 23,000 bpd to a record of about 3.85 million bpd in February.Rising U....
Tags: Travel, Saudi Arabia, Russia, New Mexico, EIA, Reuters, U S Energy Information Administration, Rupert Neil Bumfrey, Permian Basin of Texas


Oil drops nearly 3 percent on rising supplies, China slowdown | Reuters

Oil drops nearly 3 percent on rising supplies, China slowdown | Reuters:Oil prices fell 3 percent on Tuesday over concerns the world’s stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised.Gloomy new global growth forecasts by the International Monetary Fund and signs of a spreading slowdown in China weighed on crude prices as traders worried about supplies rising in 2019 despite lower prices.Brent...
Tags: Travel, Saudi Arabia, China, International Monetary Fund, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


MIDEAST STOCKS-Oil hurts most of Gulf, blue-chips push down Egypt | Reuters

MIDEAST STOCKS-Oil hurts most of Gulf, blue-chips push down Egypt | Reuters:Saudi Arabia's stock market traded flat on Tuesday after a sharp fall in oil prices, while Egypt's index was pulled down by its blue-chip shares, mirroring a wider decline in emerging markets.Saudi's main index was unchanged after inching up earlier in the session, with petrochemical investor Alujain jumping its 10 percent limit to enjoy its best one-day gain in two years.The firm provided an update on the fire at its af...
Tags: Travel, Saudi Arabia, Egypt, Gulf, Reuters, Rupert Neil Bumfrey, Alujain, NATPET


Oil drops nearly three percent on rising supplies, China slowdown

Oil prices fell 3 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised.
Tags: Money, Saudi Arabia, China, businessNews


Oil drops nearly 3 percent on rising supplies, China slowdown

Oil prices fell 3 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised. Gloomy new global growth forecasts by the International Monetary Fund and signs of a spreading slowdown in China weighed on crude prices as traders worried about supplies rising in 2019 despite lower prices. U.S. West Texas Intermediate (WTI) crude futures fell $1.57, or 2.9 per...
Tags: Science, Saudi Arabia, China, International Monetary Fund, U S West Texas Intermediate WTI


Bahrain Received Part of Saudi-Led Financial Support, Al-Maraj Says – Bloomberg

Bahrain Received Part of Saudi-Led Financial Support, Al-Maraj Says – Bloomberg:Central Bank of Bahrain Governor Rasheed Al-Maraj discusses aiming for oil market balance, reforms in Saudi Arabia, and receiving a the first portion of a financial support package. He speaks at the World Economic Forum's annual meeting in Davos, Switzerland, on "Bloomberg Surveillance." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Bloomberg, Bahrain, Central Bank, Davos Switzerland, Rupert Neil Bumfrey, Rasheed Al Maraj


MIDEAST DEBT-Gulf gets boost as billions pour in before bond index entry | Reuters

MIDEAST DEBT-Gulf gets boost as billions pour in before bond index entry | Reuters:Government bonds issued by Saudi Arabia and four other Gulf states are outperforming debt from other regions, on expectations their inclusion in JPMorgan’s bond indexes will pull in up to $40 billion in foreign investment.JPMorgan told investors in September that Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait – all members of the Gulf Cooperation Council – would join its emerging-market governme...
Tags: Travel, Saudi Arabia, Kuwait, Gulf, Reuters, Jpmorgan, Gulf Cooperation Council, United Arab Emirates Bahrain, Saudi Arabia Qatar, Rupert Neil Bumfrey


#UAE open to co-hosting World Cup if #Qatar rift resolved: sports chief | Reuters

UAE open to co-hosting World Cup if Qatar rift resolved: sports chief | Reuters:United Arab Emirates sports chief Mohammed Khalfan al-Romaithi believes the Gulf nation would welcome an approach to co-host the 2022 World Cup if its deep political rift with Qatar is resolved.FIFA President Gianni Infantino has backed a proposal to expand the next World Cup from 32 to 48 teams and has suggested that neighboring countries could host matches.Saudi Arabia, the UAE, Bahrain and Egypt, however, launched...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Fifa, United Arab Emirates, Uae, Gulf, Reuters, Gianni Infantino, Rupert Neil Bumfrey, UAE Bahrain, Mohammed Khalfan al Romaithi