Saudi Arabia

This is how badly Saudi Arabia needs its big oil IPO to go well

<b>New York (CNN) —</b> Cash-strapped Saudi Arabia really needs the crown jewel of its oil empire to have a successful IPO.<p>Saudi Arabia gave Saudi Aramco a huge gift this week by slashing the tax rate on the national oil company to 50% from 85%.<p>The kingdom stressed that the drastically reduced tax rate, …

Saudi Aramco

Saudi oil giant’s tax bill slashed

Saudi Arabia has agreed to cut the amount of income tax paid by the national oil giant Saudi Aramco.<p>The company’s tax rate has been slashed from 85 percent to 50 percent.<p>A tax cut has made Saudi_Aramco's IPO more appealing - but much remains to be done #OOTT https://t.co/8vae6rFzqk …

Oil

Saudi king’s "Clash of Civilizations", convergence with Indonesia's hypocrisy and opportunism

Family member? Yes, being Muslims, we are all members of the ummah (community of Muslims), which for some is even more meaningful than being …

Middle East

Iran, Gulf Monarchies Mend Fences as U.S.-Tehran Tensions Grow

Iran and the Gulf states, whose contest for power in the Middle East has been tipping toward open confrontation, are quietly trying to repair the damaged relationship as the U.S. takes a more confrontational stance toward Tehran.<p>The longstanding rivalry flared last year when Saudi Arabia executed a …

Iran

Aramco's Tax Rate Slashed From 85% to 50%

Oman Investment Fund Chief Economist Fabio Scacciavillani discusses Saudi Arabia cutting the tax rate paid by state oil producer Saudi Aramco ahead …

Saudi Aramco

Aramco's upcoming IPO gets a royal boost

A royal decree has cut the income tax paid by Aramco to 50% from the previous 80%.<p>The Kingdom of Saudi Arabia has launched a royal decree, which will …

Saudi Aramco

Citi applies for capital markets license in Saudi Arabia: sources

KHOBAR/DUBAI (Reuters) - Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years.<p>The application has been made with Saudi Arabia's Capital …

Banking

Trump, Palestinian cause are high on agenda of annual Arab League summit

DEAD SEA, Jordan — Faced with multiple crises and wary of President Trump’s approach toward the Middle East, leaders of a divided Arab world hope to forge common positions on the region’s most pressing concerns when they meet Wednesday for their annual summit.<p>In particular, the Arab leaders are …

Israel

Trump Takes Aim at Obama Climate Policies---Energy Journal

Here’s your morning jolt of news, insight and analysis on the global energy business.<p>Send us tips, suggestions and complaints: EnergyJournal@wsj.com<p>Sign up for this newsletter: http://on.wsj.com/EnergyJournalSignup<p>TRUMP TO SIGN EXECUTIVE ORDER TO ROLL BACK OBAMA CLIMATE-CHANGE POLICIES<p>President …

Saudi Aramco

Riyadh Experience: Where to Eat, Shop, and Stay

If you’re going to San Francisco, be sure to wear some flowers in your hair; if it’s Riyadh you’re headed to, however, you’d better arm yourself with …

Riyadh

U.S. Weighs Bigger Role In War In Yemen

Yemen’s conflict has claimed the lives of more than 10,000 people and pushed the impoverished country to the brink of famine.<p>WASHINGTON, March 27 (Reuters) - The United States is considering deepening its role in Yemen’s conflict by more directly aiding its Gulf allies battling Iran-aligned Houthi …

Yemen

The best podcasts you should listen to this week

<b>By</b> <b>Jaclyn Schiff</b> <b>and</b> <b>Simon Owens</b><p><i>Do you love listening to podcasts but are overwhelmed by the sheer number of choices out there? Have you subscribed to</i> …

Podcasting

Business Watch: Faith in 'Trump Trade' wavers

Rethinking 'Trump Trade'<p>Markets weren't very concerned about healthcare and seem to have moved on from the Republicans' failure to overhaul Obamacare. What investors care about is tax reform, and confidence that Trump can keep his campaign promise of overhauling the tax system is starting to waver …

Saudi Aramco

Saudis Thinking Beyond Oil in Asia Courtship

King Salman bin Abdulaziz's trip to Asia has been characterized as either a routine visit to bolster the already strong trading ties between Saudi Arabia and Asia, an effort to diversify ties away from the U.S. or as a way to attract investments into Saudi Arabia and promote its own. The reality is …

Saudi Aramco

China's Sinopec Says Saudi Aramco Invited It to Become Investor - Bloomberg

China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial …

Saudi Aramco

MercBloc's Dicker Says Oil Bears Focus on Inventory

Dan Dicker, president at MercBloc, talks about the market impact of OPEC's production cut, the weight of the Saudi Aramco IPO, and Russian …

Saudi Aramco

On the eve of Brexit, Qatar pledges over $6 billion in investment in Britain

LONDON (Reuters) - Qatar pledged 5 billion pounds ($6.3 billion) of investment in Britain on Monday in a show of support for the world's fifth-largest economy just two days before Prime Minister Theresa May triggers formal Brexit talks.<p>The wealthy Gulf state has 40 billion pounds of investments in …

European Union

The Pentagon is looking to increase support for Saudi Arabia's 2 year old war in Yemen

The Pentagon is looking to increase support for Saudi Arabia’s two-year-old war against Houthi rebels in Yemen, signaling a possible expansion of Washington’s controversial backing for a campaign that human rights groups say has killed hundreds of civilians and fueled a growing humanitarian …

Yemen

Inhabitants of Maldives Atoll Fear a Flood of Saudi Money

MAGOODHOO, Maldives — As long as anyone can remember, life on the island of Magoodhoo in the Maldives has revolved around fishing in the crystal clear waters that wash the coral reefs, and kicking back under palm trees on deck chairs made from coir rope.<p>“This is a very fun, happy life,” said Islam …

King Salman

Sino-Saudi alignment creates strategic opportunity for Turkey

<i>Saudi Arabia and China agreed to increase oil supplies to Beijing in the coming years. This was announced during the visit of Saudi King Salman ibn</i> …

King Salman

Saudi Arabia and Sudan to hold first joint air force drill

Khartoum // Sudan and Saudi Arabia will begin a joint air force drill this week, the first such manoeuvres since Khartoum allied with Riyadh after …

Middle East

Why the London attacker's links to Saudi Arabia might matter

The British man who killed four people in a rampage in London last week had made three trips to Saudi Arabia in his lifetime. Though millions of foreigners from around the world live and work in the kingdom, Khalid Masood's time there immediately raised questions about whether the country's …

Terrorism

Gulf oil crisis deepens: Indians lose jobs to Pakistanis, Bangladeshis

Indians who work in the Gulf countries are not only losing jobs due to the oil crisis but are losing out to Pakistanis and Bangladeshis, according to …

Pakistan

Saudi general: My country supports America's tough stance against ISIS, terror and Iran

Leaders from 68 countries gathered in Washington for a meeting of the Global Coalition to Counter Daesh (ISIL) hosted by President Trump’s administration this past week.<p>Saudi Arabia welcomes the new administration’s attention to the Middle East and its support for America’s friends who are fighting …

Iran

Here's how much it costs both Saudi Arabia and the US to produce oil

When crude oil prices crashed into the $20 range early last year, it had most oil-producing nations quaking in their boots. That's because few countries can make much -- if any -- money at that price point. I say <i>most</i> because there are a handful of producers that were still able to make a tidy …

Oil

Saudi Arabia temporarily bans poultry imports from Tennessee over bird flu

DUBAI (Reuters) - Saudi Arabia has temporarily banned imports of live birds, hatching eggs and chicks from Tennessee after a form of bird flu that is highly lethal for poultry was found in the U.S. state, the Saudi ministry of agriculture said on Sunday.<p>The Tennessee Department of Agriculture …

Middle East

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.07%

Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Media & Publishing, Financial Services and Agriculture & …

Oil

Goldman Sachs in Talks for Saudi Arabian Equities License - Bloomberg

Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the U.S. lender seeks to take advantage of the country’s …

Middle East

BBC World Service - Witness, The Death of King Faisal

On March 25th 1975, the King of Saudi Arabia was assassinated, shot at point-blank range by one of his nephews. King Faisal's oil minister Ahmed Zaki Yamani was standing beside the king when the shots were fired. His daughter, the academic and author Dr Mai Yamani, talks to Louise Hidalgo about the …

House of Saud

Australia Selling Arms to Saudis Amid War Crimes in Yemen

<b>yemenpress</b><p><b>Australian firms have signed military contracts to provide weapons to Saudi Arabia, despite the regime’s ongoing war in Yemen that has</b> …

Middle East