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saudi

Iran denies it poses a threat to Saudi Arabia, after report Saudis raised concern

November 2, 2022
Iran denies it poses a threat to saudi arabia, after report saudis raised concern - photo licensed by shore news network.

DUBAI (Reuters) – Iran denied on Wednesday it posed a threat to Saudi Arabia, after the Wall Street Journal reported that Riyadh had shared intelligence …

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U.S. concerned about Iranian threats to Saudi Arabia

November 2, 2022
U. S. Concerned about iranian threats to saudi arabia - photo licensed by shore news network.

By Steve Holland WASHINGTON (Reuters) -The United States is concerned about threats from Iran against Saudi Arabia and will not hesitate to respond if necessary, …

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KFC’s Middle East and North Africa franchisee plans dual listing in UAE, Saudi

November 2, 2022
Kfc's middle east and north africa franchisee plans dual listing in uae, saudi - photo licensed by shore news network.

By Hadeel Al Sayegh DUBAI (Reuters) -Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, said it planned …

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US, Saudi Arabia On Alert After Warnings Of Iranian Attack: REPORT

November 1, 2022
Us, saudi arabia on alert after warnings of iranian attack: report - photo licensed by shore news network.

US, Saudi Arabia On Alert After Warnings Of Iranian Attack: REPORT Micaela Burrow on November 1, 2022 The Saudi military and U.S. troops stationed in …

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Saudi Aramco Q3 net income jumps 39% on higher crude prices

November 1, 2022
Saudi aramco q3 net income jumps 39% on higher crude prices - photo licensed by shore news network.

By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that …

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Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee

October 31, 2022October 31, 2022
Saudi arabia approves dual listing of pizza hut, kfc franchisee - photo licensed by shore news network.

DUBAI (Reuters) – Saudi Arabia’s market regulator said on Monday it had approved a concurrent and dual listing of Americana Group, the Middle East and …

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Saudi Q3 GDP grows 8.6%, boosted by higher oil prices

October 31, 2022
Saudi q3 gdp grows 8. 6%, boosted by higher oil prices - photo licensed by shore news network.

By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabia’s gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, …

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Saudi Aramco launches $1.5 billion fund, says energy transition plan flawed

October 26, 2022
Saudi aramco launches $1. 5 billion fund, says energy transition plan flawed - photo licensed by shore news network.

By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) – Oil giant Saudi Aramco launched a $1.5 billion fund to support an …

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Saudi Arabia launches bid to attract $10 billion in supply chain investment

October 23, 2022
Saudi arabia launches bid to attract $10 billion in supply chain investment - photo licensed by shore news network.

RIYADH (Reuters) -Saudi Arabia’s crown prince on Sunday launched an initiative to attract investments in supply chains to and from the kingdom, with an aim …

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Nathan’s Famous Expands to Saudi Arabia

October 22, 2022
Nathan’s famous expands to saudi arabia - photo licensed by shore news network.

Brand Offers Nathan’s Famous Hot Dogs and Fries in Saudi Arabia for First Time in History Jericho, NY  (-)  Nathan’s Famous, Inc., the American tradition …

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Saudi king Salman says kingdom seeks stability and balance in oil markets

October 16, 2022October 16, 2022
Saudi king salman says kingdom seeks stability and balance in oil markets - photo licensed by shore news network.

RIYADH (Reuters) – Saudi King Salman said on Sunday the kingdom was working hard to support stability and balance in oil markets, including by establishing …

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Saudi defence minister: OPEC+ decision taken unanimously for economic reasons

October 16, 2022

(Reuters) – Saudi Arabia’s defence minister said the decision by OPEC+ to cut oil output was taken unanimously and for purely economic reasons. Prince Khalid …

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‘There’s Gonna Be Consequences’: National Security Official Says US Could Stop Saudi Weapons Sales Over OPEC Cut

October 13, 2022
‘there’s gonna be consequences’: national security official says us could stop saudi weapons sales over opec cut - photo licensed by shore news network.

  ‘There’s Gonna Be Consequences’: National Security Official Says US Could Stop Saudi Weapons Sales Over OPEC Cut Harold Hutchison on October 13, 2022 National …

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Saudi Arabia Confirms That Biden Pressured OPEC To Delay Oil Production Cuts Until November

October 13, 2022October 13, 2022
Saudi arabia confirms that biden pressured opec to delay oil production cuts until november - photo licensed by shore news network.

  Saudi Arabia Confirms That Biden Pressured OPEC To Delay Oil Production Cuts Until November Micaela Burrow on October 13, 2022 Saudi Arabia’s foreign ministry …

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Saudi inflation rises to 3.1% in Sept on higher food prices

October 13, 2022
Saudi inflation rises to 3. 1% in sept on higher food prices - photo licensed by shore news network.

DUBAI (Reuters) – Saudi Arabia’s inflation rose to 3.1% in September, driven mainly by higher food prices, rents, and the rising cost of utilities, the …

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Saudi wealth fund braves market tumult in green bonds debut, others unlikely to rush

October 12, 2022October 12, 2022
Saudi wealth fund braves market tumult in green bonds debut, others unlikely to rush - photo licensed by shore news network.

By Yousef Saba DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund faced little scrutiny over its green credentials when it sold $3 billion in green …

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‘Terrible Decision’: Top Dem Senator Vows To Punish Saudi Arabia For Oil Production Cut

October 11, 2022
‘terrible decision’: top dem senator vows to punish saudi arabia for oil production cut - photo licensed by shore news network.

  ‘Terrible Decision’: Top Dem Senator Vows To Punish Saudi Arabia For Oil Production Cut Micaela Burrow on October 10, 2022 Democratic Senate Foreign Relations …

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U.S. lawmakers question Saudi arms sales as Biden mulls OPEC response

October 6, 2022
U. S. Lawmakers question saudi arms sales as biden mulls opec response - photo licensed by shore news network.

By Patricia Zengerle and Mike Stone WASHINGTON (Reuters) – Democratic members of the U.S. Congress called for a sharp reduction in military sales to Saudi …

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Saudi Arabia’s PIF expected to raise $2.5-2.75 billion with debut bonds

October 5, 2022
Saudi arabia's pif expected to raise $2. 5-2. 75 billion with debut bonds - photo licensed by shore news network.

DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund is expected to raise between $2.5 billion and $2.75 billion in its debut bond sale that will …

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Saudi non-oil private sector keeps up steady growth in Sept – PMI

October 4, 2022
Saudi non-oil private sector keeps up steady growth in sept - pmi - photo licensed by shore news network.

DUBAI (Reuters) – Saudi Arabia’s non-oil private sector growth remained solid in September helped by a relatively strong pickup in output and new orders, albeit …

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Saudi wealth fund’s Savvy Games Group to invest $37.8 billion

September 29, 2022September 29, 2022

(Reuters) -Saudi Arabia’s Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the …

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Saudi king names crown prince MbS as prime minister

September 27, 2022
Saudi king names crown prince mbs as prime minister - photo licensed by shore news network.

By Aziz El Yaakoubi RIYADH (Reuters) -Saudi Arabia’s King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom’s …

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Saudi Arabia’s wealth fund hires banks for debut green bonds

September 27, 2022September 27, 2022

By Yousef Saba DUBAI (Reuters) -Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan to arrange a …

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Saudi Arabia to invest $10 billion in local infrastructure projects – state TV

September 24, 2022
Saudi arabia to invest $10 billion in local infrastructure projects - state tv - photo licensed by shore news network.

(Reuters) – Saudi Arabia will invest 40 billion riyals ($10.6 billion) in developing local infrastructure projects in 11 cities, state TV reported on Saturday citing …

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Saudi crown prince discusses energy security with senior U.S. officials -state news agency

September 23, 2022September 23, 2022
Saudi crown prince discusses energy security with senior u. S. Officials -state news agency - photo licensed by shore news network.

(Reuters) – Saudi Arabia’s Crown Prince Mohammed bin Salman met on Friday with U.S. Senior Advisor for Energy Security Amos Hochstein and the White House …

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Two Americans Captured In Ukraine Set Free — Thanks To Saudi Arabia

September 22, 2022September 22, 2022
Two americans captured in ukraine set free — thanks to saudi arabia - photo licensed by shore news network.

Two Americans Captured In Ukraine Set Free — Thanks To Saudi Arabia Micaela Burrow on September 21, 2022 Two U.S. citizens held captive in Russian-occupied …

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U.S. thanks Ukraine, Saudi Arabia for release of two Americans by Russia

September 21, 2022September 21, 2022
U. S. Thanks ukraine, saudi arabia for release of two americans by russia - photo licensed by shore news network.

(Reuters) – The White House’s national security adviser thanked the governments of Ukraine and Saudi Arabia for assisting in a prisoner exchange that saw the …

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Saudi Central Bank raises key interest rates by 75 bps

September 21, 2022

(Reuters) – The Saudi Central Bank said on Wednesday it increased its key interest rates by 75 basis points, moving in tandem with the U.S. …

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Saudi woman gets 45-year prison term for social media posts -rights group

August 30, 2022

By Aziz El Yaakoubi RIYADH (Reuters) – A Saudi Arabian court has sentenced a woman to 45 years in prison for social media posts, a …

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Europe’s Wizz Air considering a Saudi operating license

August 25, 2022
Europe's wizz air considering a saudi operating license - photo licensed by shore news network.

RIYADH (Reuters) -European budget carrier Wizz Air is considering basing an airline in Saudi Arabia as part an agreement signed with the government this year …

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The World’s Biggest Woke Investor Just Took Millions In Saudi Oil Money

August 19, 2022August 17, 2022
The world’s biggest woke investor just took millions in saudi oil money - photo licensed by shore news network.

The World’s Biggest Woke Investor Just Took Millions In Saudi Oil Money John Hugh DeMastri on August 16, 2022 BlackRock, the world’s biggest asset manager …

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Saudi Aramco’s Amin Nasser: a homegrown engineer who reached the top

August 14, 2022
Saudi aramco's amin nasser: a homegrown engineer who reached the top - photo licensed by shore news network.

By Maha El Dahan and Michael Georgy DUBAI – At an industry event this year in Riyadh, the Saudi energy minister paused at about 9 …

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Twitter Employee Found Guilty of Spying For Saudi Arabia

August 10, 2022
Twitter employee found guilty of spying for saudi arabia - photo licensed by shore news network.

Twitter Employee Found Guilty of Spying For Saudi Arabia John Hugh DeMastri on August 9, 2022 Former Twitter employee Ahmad Abouammo was found guilty Tuesday …

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Former Twitter employee is convicted in Saudi spy case

August 9, 2022

By Jonathan Stempel SAN FRANCISCO/NEW YORK – A former Twitter Inc manager accused of spying for Saudi Arabia was convicted on Tuesday on six criminal …

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Saudi Arabia posts almost $21 billion second-quarter surplus

August 4, 2022
Saudi arabia posts almost $21 billion second-quarter surplus - photo licensed by shore news network.

By Yousef Saba DUBAI – Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, …

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Saudi Arabia sets up investment promotion agency

August 2, 2022
Saudi arabia sets up investment promotion agency - photo licensed by shore news network.

DUBAI – Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the …

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Saudi GDP grows 11.8% year/year in Q2 -flash estimates

July 31, 2022
Saudi gdp grows 11. 8% year/year in q2 -flash estimates - photo licensed by shore news network.

DUBAI – Saudi Arabia’s gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government …

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OPEC+ will assess oil market and do what is necessary, say Saudi foreign minister

July 16, 2022
Opec+ will assess oil market and do what is necessary, say saudi foreign minister - photo licensed by shore news network.

JEDDAH, Saudi Arabia – Saudi Arabia’s foreign minister said a U.S.-Arab summit on Saturday did not discuss oil and that OPEC+ would continue to assess …

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Biden Stalls On Palestine Two-State Solution Before Meeting With Saudi Leaders

July 19, 2022July 15, 2022
Biden stalls on palestine two-state solution before meeting with saudi leaders - photo licensed by shore news network.

Biden Stalls On Palestine Two-State Solution Before Meeting With Saudi Leaders Micaela Burrow on July 15, 2022 President Joe Biden demurred on the possibility of …

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U.S. and Saudi announce package of agreements during Biden trip

July 15, 2022
U. S. And saudi announce package of agreements during biden trip - photo licensed by shore news network.

JEDDAH, Saudi Arabia – The United States and Saudi Arabia on Friday made a package of announcements ranging from removing peacekeepers from a strategic island …

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Biden to discuss energy security during talks in Saudi, says advisor

July 15, 2022
Biden to discuss energy security during talks in saudi, says advisor - photo licensed by shore news network.

AIR FORCE ONE – U.S. President Joe Biden will discuss energy security with leaders of Gulf Arab oil producers during meetings in Saudi Arabia and …

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Saudi June inflation up slightly to 2.3%

July 14, 2022
Saudi june inflation up slightly to 2. 3% - photo licensed by shore news network.

DUBAI -Saudi Arabia’s consumer price index climbed 2.3% in June, inching back up to a pace reached in April, as prices were again pushed higher …

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Factbox: Biden set to tackle oil, Israel, Yemen, Iran on Saudi trip

July 12, 2022
Factbox: biden set to tackle oil, israel, yemen, iran on saudi trip - photo licensed by shore news network.

DUBAI – President Joe Biden will visit the United State’s most important Arab ally Saudi Arabia on July 15-16 after two years of strained ties …

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Biden defends decision to visit Saudi Arabia, says rights are on his agenda

July 9, 2022
Biden defends decision to visit saudi arabia, says rights are on his agenda - photo licensed by shore news network.

By Nandita Bose WASHINGTON – President Joe Biden on Saturday defended his decision to travel to Saudi Arabia saying human rights would be on his …

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U.S. envoy discusses hostility towards Jews with Saudi officials

July 7, 2022
U. S. Envoy discusses hostility towards jews with saudi officials - photo licensed by shore news network.

By Alexander Cornwell ABU DHABI – A U.S. special envoy said on Thursday she discussed prejudice towards Jews with officials in Saudi Arabia ahead of …

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Back from Europe, Biden turns to diplomatically delicate Saudi Arabia trip

July 5, 2022
Back from europe, biden turns to diplomatically delicate saudi arabia trip - photo licensed by shore news network.

By Steve Holland and Matt Spetalnick WASHINGTON – U.S. President Joe Biden turns his attention this month to a sensitive trip to the Middle East …

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Saudi non-oil private sector gallops despite inflation -PMI

July 4, 2022
Saudi non-oil private sector gallops despite inflation -pmi - photo licensed by shore news network.

DUBAI – Saudi Arabia’s non-oil private sector expanded in June at its fastest pace since September as demand continued to rise strongly despite the highest …

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OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip

June 30, 2022
Opec to finally boost oil production ahead of biden’s saudi arabia trip - photo licensed by shore news network.

OPEC To Finally Boost Oil Production Ahead Of Biden’s Saudi Arabia Trip Jack McEvoy on June 30, 2022 The Organization of the Petroleum Exporting Countries …

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Energy Groups Invite Biden To Visit American Oil And Gas Sites Before He Jets Off To Saudi Arabia

June 24, 2022June 24, 2022
Energy groups invite biden to visit american oil and gas sites before he jets off to saudi arabia - photo licensed by shore news network.

Energy Groups Invite Biden To Visit American Oil And Gas Sites Before He Jets Off To Saudi Arabia Jack McEvoy on June 24, 2022 More …

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OPEC+ to stick to oil supply rise plan as Biden heads to Saudi – sources

June 23, 2022
Opec+ to stick to oil supply rise plan as biden heads to saudi - sources - photo licensed by shore news network.

By Ahmad Ghaddar and Alex Lawler LONDON – OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output …

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