Saudi downgrade ought to galvanise reform
Saudi Arabia is seeking to reduce its reliance on oil amid lower prices
Part of the funds from the share sale will be used to set up a $2-trillion sovereign wealth fund
This can force American bond market to crash in Saudi's act of revenge, and send interest rates skyrocketing
The kingdom has pumped some of its oil profits into the United States, acquiring billions of dollars in Treasury securities and investments
Saudi US sell-off threat not to be trifled with
According to sources, lenders include a mix of US, European and Japanese banks and the loan may be signed before end of April
Saudi Arabia threatened to sell their American assets in protest against a controversial legislation that would allow 9/11 victims to sue the kingdom
The "Vision for the Kingdom of Saudi Arabia" will include developmental, economic, social and other programs
In an interview with Bloomberg, Prince Mohammed said the plan is to prepare the kingdom for an era in which it does not rely heavily on oil
This, if lawmakers pass a bill that would allow the Saudi government to be held responsible in American courts for any role in September 11, 2001, attacks, reports NYT
Ahead of summit in Doha, prince reiterates nation will only freeze output if Iran joins
Economic shake-up could lead to the kind of social changes 'needed to modernise Saudi's economy': for instance, allowing women to drive
Saudi gives a clue to oil price rebound
'Kiss goodbye' to any hopes of agreement in Doha: Commerzbank
Saudi economic growth is slowing as low oil prices produce a state budget deficit that totalled nearly $100 bn last year, forcing the government into spending cuts
Riyadh has asked lenders to submit proposals to extend it a five-year US dollar loan
He was speaking on the sidelines of the Global Aerospace Summit in Abu Dhabi, United Arab Emirates.