Tag: Saudi Arabia

• Wednesday, December 6th 2017 - 16:20 UTC

  Saudi Prince released after agreeing “acceptable settlement” of more than US$ 1bn

  

  Saudi Prince Miteb bin Abdullah has been released more than three weeks after he was detained on allegations of corruption, officials have said. Prince Miteb, once seen as a contender to the throne, was freed after agreeing an “acceptable settlement” with authorities of more than US$1bn (£750m).

• Monday, November 6th 2017 - 08:07 UTC

  Wall Street and LSE battle to host largest share floatation in history: US$ 100bn of Saudi Arabia's Aramco

  

  President Donald Trump has made a pitch to Saudi Arabia to float the world's biggest oil company in the US. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!”, twitted the US president.

• Wednesday, October 25th 2017 - 11:36 UTC

  Saudi Arabia announces plan to build US$ 500bn new city and a bridge connecting with Egypt

  

  Saudi Crown Prince Mohammad Bin Salman announced plans to build a new city on the Red Sea coast, promising a lifestyle not available in today’s Saudi Arabia as he seeks to remake the kingdom in a time of dwindling resources.

• Thursday, September 28th 2017 - 23:43 UTC

  Saudi Arabia women hail decision allowing them to drive: great victory

  

  Campaigners in Saudi Arabia have hailed King Salman's decree allowing women to drive for the first time. One female activist called it a “great victory”, while another said things would “never be the same again”, and the country's US ambassador has described the move as “the right decision at the right time”.

• Monday, June 5th 2017 - 10:26 UTC

  Arab countries isolate Qatar; Emirate is accused of cozying to Iran and supporting terrorism

  

  Arab countries began cutting off diplomatic relations with the Persian Gulf emirate of Qatar on Monday, accusing it in general terms of supporting terrorism. Egypt accused Qatar specifically of supporting the Muslim Brotherhood, Egypt's state news agency reported.

• Thursday, September 29th 2016 - 18:14 UTC

  Overriding Saudi Arabia bill veto, “a mistake and dangerous precedent”, warns Obama

  

  President Obama has said Congress made a “mistake” by overriding his veto and pushing through a bill that allows legal action against Saudi Arabia over the 9/11 attacks. He added that the bill would set a “dangerous precedent” for individuals around the world to sue the US government. Wednesday's vote was the first time Obama's veto power was overruled.

• Tuesday, September 6th 2016 - 18:21 UTC

  Russia and Saudis agree to “act together” to lift price of oil from its two-year slump

  

  Energy ministers from the world's two largest oil producers, Russia and Saudi Arabia said on Monday that their countries had agreed to “act together” to lift the price of oil out of its two-year slump, though they provided few details as to how they planned to achieve that goal.

• Wednesday, May 11th 2016 - 12:14 UTC

  Oil markets on alert: major overhaul in Saudi Arabia´s cabinet and economic policy

  

  Saudi Arabia's King Salman removed the country's veteran oil minister as part of a broad government overhaul. Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.

• Monday, February 1st 2016 - 06:22 UTC

  Venezuelan lobbying for oil production reduction: tour begins Monday in Russia

  

  Venezuelan Oil Minister Eulogio Del Pino will visit Russia, Qatar, Iran and Saudi Arabia on a tour of OPEC and non-OPEC countries intended to drum up support for action to stem the tumble in crude prices.

• Monday, January 18th 2016 - 05:34 UTC

  War between Saudi Arabia and Iran could send oil prices to $250

  

  By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East