Terrorist Behind German Christmas Market Attack Was Wanted Fugitive from Saudi Arabia, Granted Asylum
MAGDEBURG, Germany — Reports circulating on social media claim that the suspect behind the deadly Christmas market attack in Magdeburg is a fugitive from Saudi Arabia, whom the German government had refused…
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws Nick Pope on August 25, 2023 The United Nations (UN) warned several major banks Friday that their…
SHOSHANA BRYEN: The Biden Admin Should Stay Out Of Israel’s Talks With Saudi Arabia
SHOSHANA BRYEN: The Biden Admin Should Stay Out Of Israel’s Talks With Saudi Arabia Shoshana Bryen on August 14, 2023 The brilliance of the Abraham Accords of 2020 is twofold: they were…
Palestinians, Israel differ on significance of new Saudi envoy
By Dan Williams JERUSALEM (Reuters) -Israel ruled out on Sunday any eventual physical mission in Jerusalem for the first Saudi envoy to the Palestinians, even as they cast his appointment as endorsement…
Ukraine says Saudi talks were ‘breakthrough’, Kyiv has more to offer Africa than Russia
By Dan Peleschuk and Anna Dabrowska KYIV (Reuters) – Saudi-hosted talks last weekend were a “breakthrough” for Kyiv that showed it is possible to rally global support around the 10-point plan proposed…
Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sources…
Kremlin seeks more info about talks in Saudi, Ukraine says Moscow unwelcome
MOSCOW (Reuters) -The Kremlin said on Monday it needed to learn more about the purpose of talks planned in Saudi Arabia about the war in Ukraine, but Ukraine made it plain Russia…
Iran says Saudi Arabia-Israel rapprochement would harm regional peace
DUBAI (Reuters) – Normalisation of ties between Saudi Arabia and Israel would harm regional peace and stability, Iran’s foreign ministry spokesperson Nasser Kanaani said on Monday. U.S. President Joe Biden said on…
Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm – statement
DUBAI (Reuters) – Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as…
Saudi Arabia detains relatives of US citizen over lawsuit, rights groups say
By Aziz El Yaakoubi RIYADH (Reuters) -Saudi Arabian authorities have detained five relatives of a U.S. citizen, rights groups said on Wednesday, arguing that the detentions were retaliation for his family’s failed…
Saudi FDI inflows reach 8.1 billion Riyals in Q1 2023 – ministry
DUBAI (Reuters) – Saudi Arabia’s foreign direct investment inflows reached 8.1 billion Riyals ($2.16 billion) in the first quarter of 2023, up 10.2% from the same quarter a year prior, the economy…
IMF cuts Saudi Arabia’s 2023 GDP growth forecast to 1.9%
DUBAI (Reuters) -The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9% in its latest World Economic Outlook update released on Tuesday, to reflect the impact of…
‘Woke’ Investing Titan Just Put A Saudi Oil CEO On Its Board
‘Woke’ Investing Titan Just Put A Saudi Oil CEO On Its Board Nick Pope on July 18, 2023 BlackRock announced Monday that it has placed Amin Nasser, CEO of Saudi Arabia’s state-owned…
Green Investment Funds Ended Up In The Hands Of A Saudi Arabian Oil Company: REPORT
Green Investment Funds Ended Up In The Hands Of A Saudi Arabian Oil Company: REPORT Nick Pope on July 12, 2023 Money invested in environmental, social and governance (ESG)-sensitive investment funds inadvertently…
Saudi National Bank was denied taking 40% Credit Suisse stake -report
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported…
Aramco, TotalEnergies sign $11 billion contract to build petrochemicals complex in Saudi Arabia
(Reuters) – Saudi Arabian Oil Company (Aramco) and TotalEnergies have signed an $11 billion contract to start building a new petrochemicals complex in Saudi Arabia, the two companies said in a joint…
Saudi Central Bank may need to inject liquidity into banks – Capital Economics
DUBAI (Reuters) – The Saudi Central Bank, known as SAMA, may need to inject liquidity into the banking sector like it did last year as interbank rates sit at their highest since…
BlackRock sees strong demand for infrastructure investments in Saudi Arabia
NEW YORK (Reuters) – BlackRock sees strong demand from its global clients for infrastructure investments in Saudi Arabia, Rachel Lord, Head of APAC at the asset manager, said on Wednesday. Speaking at…
Saudi Arabia Inks Multi-Billion Dollar Deal With China As Kingdom Seeks To ‘Collaborate’ With CCP
Saudi Arabia Inks Multi-Billion Dollar Deal With China As Kingdom Seeks To ‘Collaborate’ With CCP Philip Lenczycki on June 12, 2023 The Saudi Arabian government announced its intention to “collaborate” with the…
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT
Saudi Prince Threatened ‘Major Economic Consequences’ After Biden Spat: REPORT Nick Pope on June 9, 2023 A leaked intelligence document reveals that Saudi Arabian Crown Prince Mohammed bin Salman privately threatened to…
Analysis-Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of…
Analysis-Qatar takes diplomatic back seat as Saudi flexes political muscle
By Andrew Mills DOHA (Reuters) – The Arab League’s welcoming back of Syria’s President Bashar al-Assad into its ranks highlights how far behind Qatar has fallen in its bid to be a…
Saudi inflation steady at 2.7% in April, driven by housing
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate was 2.7% in April, unchanged from the previous month, driven mostly by housing rental costs, government data released on Monday showed. Housing, water, electricity,…
Lucid losses put Saudi Arabia’s EV strategy in the headlamps
By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Lucid’s electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crown prince’s multi-billion dollar…
Saudi Aramco to supply full oil volumes to Asia in June, but some seek less
By Muyu Xu SINGAPORE (Reuters) – Saudi Aramco has told customers in North Asia they will receive full volumes of crude oil that they have requested in June, several sources with knowledge…
Top Biden aide discusses Yemen peace efforts with Saudi crown prince
WASHINGTON (Reuters) – U.S. national security adviser Jake Sullivan met Saudi Crown Prince Mohammed bin Salman during a visit to the kingdom on Sunday and reviewed what the White House called “significant…
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