Page 13 - Saudi Arabia

Saudi Arabia to sell shares worth $12 billion of oil major Aramco

The deal will test global investors' appetite for the world's biggest oil exporter amid questions about climate change and the future of fossil fuels

US slows licence approvals for AI chip exports to prevent resale to China

The United States Commerce Department extended chip export restrictions to include much of West Asia, along with China and other foreign countries, in October

Lenovo to issue $2 bn of convertible bonds to Saudi's Alat to repay debt

The world's largest maker of personal computers has become the latest Chinese firm to join a rush in Asia to raise capital through convertible bonds

Saudi King to be treated for lung inflammation hours after undergoing tests

Due to King Salman's health issue, Crown Prince Mohammed bin Salman, the de facto Saudi leader, postponed a visit to Japan that had been scheduled to begin on Monday

US NSA, Saudi's crown prince meet to discuss 'semi-final' security deal

President Joe Biden's national security adviser met early Sunday with Saudi Arabia's Crown Prince Mohammed bin Salman to discuss what the kingdom described as the semi-final version of a wide-ranging security agreement between the countries. The announcement by the state-run Saudi Press Agency comes as the strategic deal had been upended after Hamas' October 7 attack on Israel that killed 1,200 people and saw 250 others taken hostage back to the Gaza Strip. In the time since, a punishing Israeli airstrike campaign and ground offensive there has killed over 35,000 Palestinians, endangering the security deal that had included Saudi Arabia diplomatically recognising Israel for the first time since its founding in 1948. Saudi state media released no images of Jake Sullivan and Prince Mohammed meeting in Dhahran, a city in the kingdom's far east that's home to its state-run oil giant, the Saudi Arabian Oil Co. known as Saudi Aramco. The semi-final version of the draft strategic agreemen

Saudi's King Salman suffering from fever, undergoes medical exams

Saudi Arabia's 88-year-old King Salman will undergo medical checks on Sunday after suffering from a high temperature and joint pain, state media reported. King Salman will undergo the examinations at the Royal Clinics at Al Salam Palace in Jeddah, the Red Sea port city, the state-run Saudi Press Agency reported. The treating medical team decided to conduct some examinations to diagnose his health condition and to check on his health, the statement said. It did not elaborate further. In April, the monarch entered a hospital for medical checks and was later discharged. King Salman took the throne in 2015. He's since elevated his son, Crown Prince Mohammed bin Salman, to the kingdom's monarch-in-waiting. The crown prince is widely believed to be running the day-to-day affairs of the kingdom.

US NSA, Saudi's crown prince meet to discuss 'semi-final' security deal

President Joe Biden's national security adviser met early Sunday with Saudi Arabia's Crown Prince Mohammed bin Salman to discuss what the kingdom described as the semi-final version of a wide-ranging security agreement between the countries. The announcement by the state-run Saudi Press Agency comes as the strategic deal had been upended after Hamas' October 7 attack on Israel that killed 1,200 people and saw 250 others taken hostage back to the Gaza Strip. In the time since, a punishing Israeli airstrike campaign and ground offensive there has killed over 35,000 Palestinians, endangering the security deal that had included Saudi Arabia diplomatically recognising Israel for the first time since its founding in 1948. Saudi state media released no images of Jake Sullivan and Prince Mohammed meeting in Dhahran, a city in the kingdom's far east that's home to its state-run oil giant, the Saudi Arabian Oil Co. known as Saudi Aramco. The semi-final version of the draft strategic agreemen

Israel resists grand bargain as US, Saudi officials work on security pact

Prime Minister Benjamin Netanyahu of Israel has rebuffed calls for the creation of a Palestinian state, saying that it would become a "terror haven"

Saudi 'ordered to kill' those who resisted eviction for futuristic city

A former intelligence officer says Saudi government asked officers to 'kill those who protested land eviction notices

Saudi Crown Prince Muhammad bin Salman's visit to Pakistan postponed

Saudi Crown Prince Muhammad bin Salman's much-anticipated visit to Pakistan has been deferred for unspecified reasons, a report said on Saturday. He was earlier expected to arrive in Islamabad on May 19 on a two-day visit, Geo News reported. Commenting on the visit of the Saudi crown prince, Foreign Office Spokesperson Mumtaz Zehra Baloch on Friday clarified that details of the visit will be made public as soon as a schedule is worked out between Islamabad and Riyadh. Baloch was confident that the visit would take place soon and surely be valuable as the people of Pakistan were anxiously waiting for the leader from the brotherly country. The high-level visit was likely to take place after the recent diplomatic and trade-related engagements between Pakistan and Saudi Arabia following Prime Minister Shehbaz Sharif's visit to the Kingdom in March. The expected visit of the top dignitary, which has now been delayed, possesses vital importance to cash-strapped Pakistan eyeing big ...

Saudi Arabia's budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue

Oil revenues reached 181.922 billion riyals in Q1, up 2% from the prior-year period, but non-oil revenues increased 9% year on year during the quarter

Arab nations pushing for roadmap leading to Palestinian state within 3 yrs

The proposed roadmap, endorsed by Arab foreign ministers and supported by European nations, outlines a phased approach towards Palestinian statehood

Israeli officials weigh sharing power with Arab states in postwar Gaza

Far-right members of Netanyahu's coalition are almost certain to dismiss such an idea, and so are the Arab countries mentioned as possible participants

Israel truce proposal 'extraordinarily generous', says Antony Blinken

A source briefed on the talks said Israel's proposal entailed a deal for the release of fewer than 40 of the roughly 130 hostages believed to be still held in Gaza in exchange for freeing Palestinians

Requested Crown Prince of Saudi to increase Haj quota: PM Modi in Aligarh

Addressing a public rally in Aligarh, PM Modi said the BJP-led government took a very significant decision for the Muslim brothers and sisters

Pak PM Shehbaz Sharif set to visit Saudi to advance investment talks

Pakistan's Prime Minister Shehbaz Sharif is expected to visit Saudi Arabia soon, his second trip this month to the friendly Gulf kingdom, to advance investment talks as his cash-strapped government has presented lucrative returns on Saudi investment. According to The Express Tribune, in addition to the enticing prospects of harvesting rich dividends on investment, Pakistan has assured priority in profits to Saudi investors without any hindrances. Sharif's government has presented returns ranging from an appealing 14 per cent to an astounding 50 per cent on Saudi investment, the report said. According to government sources involved in these discussions, the indicated returns on Saudi investment are expected to allow the Kingdom to recoup its invested capital within three to nine years, depending on the nature of the project. Pakistan aims to advance the Saudi Arabia investment initiative during the April 27-28 visit of Sharif, who will be accompanied by a team from the Special ...

Saudi' Arabia's Neom hunts for more cash for $1.5 trillion desert city

Neom recently secured a 10 billion-riyals loan from a group of Saudi banks, according to two other people familiar with the deal

Eyeless in Gaza

Little visibility on the end of the conflict

Saudi Crown Prince MBS's $100 billion foreign investment quest falters

Saudi Arabia has long recognized its funding requirements would mostly be backed by local capital and only partly by foreign money

Saudi Arabia to preside over UN forum on women's rights, gender equality

Saudi ambassador to the UN, Abdulaziz Alwasil, was elected as chair on Wednesday