Saudi Arabia
Saudi Arabia’s $500 billion bet to build a futuristic city in the desert
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. The site covers an area of more than 10,000 square miles, […]
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EV maker Lucid closes $1.5 billion raise from the Saudi public wealth fund and other investors
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group said Monday […]
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Saudi Arabia reports its very first price range surplus in almost 10 years on better oil prices
The Kingdom Tower (heart) stands on the skyline over the King Fahd highway in Riyadh, Saudi Arabia. Simon Dawson | Bloomberg | Getty Photographs Saudi Arabia claimed its 1st price range surplus in approximately 10 yrs, many thanks to its earnings being ramped up by elevated oil price ranges. The 2022 surplus arrived to 102 billion […]
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China’s Xi to stop by Riyadh as Saudi Arabia seeks to develop worldwide get to
Chinese chief Xi Jinping Getty Visuals Chinese President Xi Jinping will be in Saudi Arabia on Wednesday to attend the to start with China-Arab States Summit and the China-Gulf Cooperation Council Summit in Riyadh, according to the Ministry of Overseas Affairs in China. The check out, which will span a few times, adopted an invitation […]
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You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the tiny Gulf country for […]
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Credit rating Suisse shares are a ‘steal,’ say new Saudi backers right after having 9.9% stake
Essential Points Saudi Nationwide Lender, the kingdom’s most significant financial institution and greater part-owned by the Saudi govt, introduced Wednesday that it was investing up to $1.5 billion in Credit history Suisse — symbolizing a stake of up to 9.9%. The Swiss loan company posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 […]
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Trump criticizes PGA Tour, says ‘Saudis have done a fantastic job’ with LIV
Former U.S. president Donald Trump speaks during a rally in Robstown, Texas, U.S., October 22, 2022. Go Nakamura | Reuters Donald Trump on Thursday again praised Saudi-backed golf venture LIV, which is in the middle of a political and legal battle with the PGA Tour and other American golf interests. The former president’s Doral club […]
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Biden administration asked Saudi Arabia to postpone its OPEC determination by a thirty day period, Saudis say
US President Joe Biden remaining welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. Anadolu Agency | Anadolu Agency | Getty Photographs DUBAI, United Arab Emirates — The Biden administration asked Saudi Arabia, the de-facto chief of oil producer team OPEC, to hold […]
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Biden threatens ‘consequences’ for Saudi Arabia immediately after OPEC cut, but his possibilities are restricted
US President Joe Biden and Saudi Crown Prince Mohammed bin Salman get there for the spouse and children picture throughout the Jeddah Protection and Improvement Summit (GCC+3) at a lodge in Saudi Arabia’s Pink Sea coastal metropolis of Jeddah on July 16, 2022. Mandel Ngan | Afp | Getty Pictures President Joe Biden is angry […]
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Ron Insana: It truly is time to use an ‘all of the above’ strength policy to break up the OPEC+ cartel
An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Conference of the Joint Ministerial Checking Committee and the 33rd OPEC and non-OPEC Ministerial Conference held on October 05, in Vienna, Austria. Joe Klamar | AFP | Getty Illustrations or photos Saudi Arabia’s final decision […]
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