Saudi Arabia

Indonesia hopes for billions from Saudi king's visit

JAKARTA, Indonesia (AP) — Indonesia is hoping to ring up investment deals worth billions of dollars when Saudi Arabia's King Salman and an entourage of 1,500 officials, princes and businesspeople arrive in the Indonesian capital next week.<p>The March 1-9 state visit is the first to Indonesia by a …

King Salman

Counting the days: Our five most anticipated upcoming buildings

Though we've reported on many amazing buildings over the past 12 months, some of the most exciting designs are still to come. With this in mind, we …

Jeddah

Tom Petrie Says Market Test Determines Saudi Aramco Value

Tom Petrie, chairman at Petrie Partners, discusses the market valuation for Saudi Aramco. He speaks on "Bloomberg Daybreak: Americas." (Source: …

Saudi Aramco

Indian expats in Saudi Arabia may soon find themselves jobless as country pushes to hire more nationals

With Saudi Arabia's economic growth gradually slowing, the nation is now heavily pushing to hire more of its own nationals. The move suggests that there'll be fewer positions for expatriates in the country which had been welcoming foreign nationals for long. The push is more likely to hit nationals …

Middle East

The 100 billion dollar IPO

Oil giant Saudi Aramco is reportedly considering offering shares to citizens of Saudi Arabia as it prepares for an initial public offering that could …

Saudi Aramco

Saudi Arabia holds its first Comic-Con, critics brand it a "devil worshippers’ party"

In Saudia Arabia, social media users have denounced the country’s first ever Comic-Con festival as a meeting of “devil worshippers” while many young …

Jeddah

As Saudis prepare to sell shares in oil giant, some have misgivings

| KHOBAR, Saudi Arabia/DUBAI<p>Jamil Farsi, a prominent Saudi Arabian jewelry tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month.<p>"I don't know anything about economics but I beg you, and I beg the officials in the country, not to sell …

Saudi Aramco

Saudi Aramco: Is Oil Worth Half Kingdom Estimates? - Emerging Markets Daily

By Dimitra DeFotis<p>As the Kingdom of Saudi Arabia struggles with deficit spending at $50-per-barrel oil, it must diversify its economy and raise money.<p>…

Saudi Aramco

Over 12,000 civilians killed in Saudi wa

An NGO reports that the Saudi invasion of Yemen has so far cost the lives of as many as 12,041 civilians.

Yemen

Animation on Chinese boy's adventures in Saudi Arabia premieres

An animation series, Kong Xiaoxi and Hakim, co-produced by China and Saudi Arabia, premiered in Saudi Arabia on Wednesday.The 26-episode series …

Middle East

Saudi King Salman launches investment drive with Asia tour

| RIYADH<p>Saudi Arabia's King Salman starts a month-long Asian tour on Sunday to build ties with the world's fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco.<p>The octogenarian monarch, who has overseen the …

King Salman

Saudi Arabia's Oil Wealth Is About to Get a Reality Check - Bloomberg

Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google …

Oil

Comics and music shows in Saudi Arabia draw rebuke from clerics

| RIYADH<p>A comic show and a recent pop concert have drawn rebuke from powerful religious figures and social media users in Saudi Arabia this week, highlighting the sensitivity of cultural reforms underway in the conservative kingdom.<p>Thousands of Saudis - including women - decked out in costumes and …

Middle East

Egyptian real estate developers suspend Saudi projects

Four companies halt housing deals with Saudi gov't amid political tensions between the two countries

Middle East

Families of 9/11 victims may soon get day in court against Saudi officials

The pain of Sept. 11, 2001, never goes away for Gina Cayne.<p>When the Boca Raton widow speaks of losing her husband as he worked on the 104th floor of …

Middle East

OPEC's May Day: Extending The Oil Production Cuts

Current oil inventory build in the US is merely a timing issue.<p>OPEC/Non-OPEC overproduction in November and December is leading to today’s …

Saudi Aramco

UK probes 257 alleged human rights abuses by Saudi Arabia in Yemen

UK Defense Secretary Sir Michael Fallon says Britain is investigating more than 250 alleged violations of humanitarian law by Saudi Arabia in its war …

Yemen

UK firms linked to alleged war crimes tout weapons in UAE

Major British weapons manufacturers linked to alleged war crimes in Yemen have been “touting” for business at the Middle East’s biggest arms show in …

Yemen

Credit Suisse to Commit $600 Million for Saudi Expansion - Bloomberg

Credit Suisse Group AG, the Swiss lender seeking a banking license in Saudi Arabia, has allocated about $600 million of its own capital to expand its …

Banking

Investigators clear Saudi-led forces of 2015 attacks, blames technical fault for seven deaths | Reuters

DUBAI A body set up by the Saudi-led coalition to investigate civilian casualties in Yemen said on Thursday a technical fault was responsible for the …

Yemen

Ensco - Complete Fleet Status Analysis As Of February 23, 2016

Ensco released its February fleet status on February 23, 2017.<p>It was a busy fleet status and quite positive overall. I was pleased to see that the …

Saudi Aramco

What Oil Price Does Saudi Arabia Want? - Asia Stocks to Watch

By Shuli Ren<p><b>Saudi Arabia</b> needs oil prices to average at <b>$75 per barrel</b> in 2017, according to <b>Bernstein Research</b>.<p>At the current Brent crude price of $56 …

Saudi Aramco

Saudi Arabia: Accusations and invitations

As human rights organizations put Saudi Arabia under pressure once again, DW's Tim Sebastian presses Prince Turki Al-Faisal on Raif Badawi, 'alternative facts' and torture cases.<p>Prince Turki Al-Faisal of Saudi Arabia issued an open invitation to DW's Tim Sebastian to undertake a fact-finding visit …

Human Rights

UK Government accused of 'blatant double standards' over its relationship with Saudi Arabia

The UK has been accused of “blatant double standards” in its relationship with Saudi Arabia amid a judicial review into arms sales during the Yemen …

Middle East

Exclusive: Malaysia's Petronas, Saudi Aramco to sign deal on RAPID refinery project

| KUALA LUMPUR<p>Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.<p>Petronas and Saudi Aramco, the …

Saudi Aramco

Assila Hotel, Jeddah, Saudi Arabia

In the two decades since Sir Rocco Forte and Olga Polizzi launched the Rocco Forte hotel group, the intrepid brother and sister have built a remarkably compact collection of properties in blue chip locations in Florence, Rome, London, Berlin and the like. Their latest, the Assila in Jeddah, marks …

Jeddah

Sisi, King Abdullah meet in Cairo to discuss regional issues, Palestinian state

President Abdel Fattah al-Sisi received King Abdullah II of Jordan at Cairo International Airport on Tuesday.<p>The two leaders held bilateral talks …

King Abdullah

Iran to send pilgrims to Hajj if Saudi Arabia accepts Tehran’s conditions: Minister

Iran says it will send pilgrims to this year’s Hajj if Saudi Arabia accepts Tehran’s conditions.

Iran

Saudi King Salman due in Indonesia on another lavish visit

Saudi King Salman is to travel to Indonesia on a lavish visit with an entourage of 1,500 people.

Middle East

GLobal markets flat ahead of FOMC minutes

Japan -0.01%.<p>Hong Kong +0.99%.<p>China +0.24%.<p>India +0.36%.<p>London +0.06%.<p>Paris +0.07%.<p>Frankfurt -0.12%.<p>Now read: <b>Saudi Aramco picks lead IPO underwriters</b> …

Saudi Aramco