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…
Saudi Aramco Q3 net income jumps 39% on higher crude prices
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 beat analysts’ forecasts, boosted by higher crude…
Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee
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 North Africa franchisee of fast-food chains KFC…
Saudi Q3 GDP grows 8.6%, boosted by higher oil prices
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, according to initial government estimates on Monday,…
Saudi Aramco launches $1.5 billion fund, says energy transition plan flawed
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 inclusive global energy transition on Wednesday while…
Saudi Arabia launches bid to attract $10 billion in supply chain investment
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 of raising an initial 40 billion riyals…
Nathan’s Famous Expands to Saudi Arabia
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 serving New York favorites for more than…
Saudi king Salman says kingdom seeks stability and balance in oil markets
RIYADH (Reuters) – Saudi King Salman said on Sunday the kingdom was working hard to support stability and balance in oil markets, including by establishing and maintaining the agreement of the OPEC+…
Saudi defence minister: OPEC+ decision taken unanimously for economic reasons
(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 bin Salman also said he was “astonished”…
‘There’s Gonna Be Consequences’: National Security Official Says US Could Stop Saudi Weapons Sales Over OPEC Cut
‘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 Security Council spokesman John Kirby threatened a…
Saudi Arabia Confirms That Biden Pressured OPEC To Delay Oil Production Cuts Until November
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 issued a rare statement Wednesday confirming that…
Saudi inflation rises to 3.1% in Sept on higher food prices
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 General Authority for Statistics said on Thursday.…
Saudi wealth fund braves market tumult in green bonds debut, others unlikely to rush
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 bonds last week in its maiden debt…
‘Terrible Decision’: Top Dem Senator Vows To Punish Saudi Arabia For Oil Production Cut
‘Terrible Decision’: Top Dem Senator Vows To Punish Saudi Arabia For Oil Production Cut Micaela Burrow on October 10, 2022 Democratic Senate Foreign Relations Chairman Bob Menendez called for the Biden…
U.S. lawmakers question Saudi arms sales as Biden mulls OPEC response
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 Arabia, as President Joe Biden on Thursday…
Saudi Arabia’s PIF expected to raise $2.5-2.75 billion with debut bonds
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 make it the first sovereign wealth fund…
Saudi non-oil private sector keeps up steady growth in Sept – PMI
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 at a slower pace than in August…
Saudi wealth fund’s Savvy Games Group to invest $37.8 billion
(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 kingdom a global hub for gaming, state…
Saudi king names crown prince MbS as prime minister
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 prime minister and his second son Prince…
Saudi Arabia’s wealth fund hires banks for debut green bonds
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 debut issuance of multi-tranche U.S. dollar-denominated green…
Saudi Arabia to invest $10 billion in local infrastructure projects – state TV
(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 the Ministry of Municipal and Rural Affairs…
Saudi crown prince discusses energy security with senior U.S. officials -state news agency
(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 National Security Council’s Middle East policy coordinator…
Two Americans Captured In Ukraine Set Free — Thanks To Saudi Arabia
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 separatist regions in Ukraine re-entered the free…
U.S. thanks Ukraine, Saudi Arabia for release of two Americans by Russia
(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 release of two American citizens by Russia…
Saudi Central Bank raises key interest rates by 75 bps
(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. Federal Reserve’s hike as the Saudi riyal…
Saudi woman gets 45-year prison term for social media posts -rights group
By Aziz El Yaakoubi RIYADH (Reuters) – A Saudi Arabian court has sentenced a woman to 45 years in prison for social media posts, a rights group said, in the latest example…
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