Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: ARAMCO
Pentagon chief: ‘Iran is responsible for extraordinary attack on Saudi Arabia’
:: On Tuesday the US Secretary of Defense, Mark Esper, took to Twitter to state that having met with some of the US’s key allies, “The consensus is clear – Iran is responsible for the extraordinary attack on Saudi Arabia.”
Houthi leaders say they covered for Iran for Saudi Aramco attacks: Report
:: Leaders of the Iran-backed Houthi militia have told Saudi Arabian officials that they did not carry out the attacks on Saudi Aramco oil facilities and covered for Iran by claiming responsibility, the Wall Street Journal (WSJ) quoted two Saudi
UK believes Iran was behind Saudi oil attacks: PM Johnson
:: Britain believes Iran was responsible for an attack on Saudi oil facilities and will work with the US and European allies on a joint response, Prime Minister Boris Johnson said on Monday. The US and Saudi Arabia have already
Saudi Arabia wants global community to confront Aramco attackers
:: The Cabinet on Tuesday strongly condemned the attacks on two Saudi Aramco facilities in Abqaiq and Khurais and reaffirmed the Kingdom’s ability to effectively deal with such attacks and their impact. King Salman, who chaired the Cabinet session at
Trump calls Crown Prince Mohammed bin Salman after drones attack Saudi Aramco plants
:: Drone attacks caused fires in two major Saudi Aramco facilities in the kingdom, the Saudi interior ministry said on Saturday. The attacks hit the world’s largest oil processing plant at Abqaiq near Damman in Eastern Province and the country’s
Saudi crown prince named the ‘most powerful leader in Middle East’
:: With Saudi Arabia embarking on the ambitious NEOM project, recent reports highlighting discussions on creating a technology hub in the kingdom have turned the spotlight on Saudi crown prince Mohammed bin Salman’s growing stature in the Middle East. The
Saudi Arabia part of solution to tackle climate change: Al-Falih
:: Saudi Oil Minister Khalid Al-Falih has said oil-exporting countries such as Saudi Arabia are an integral part of the solution to tackle the challenges of climate change and its adverse economic impacts, according to the Saudi Press Agency (SPA).
China is welcome in Saudi Arabia, but speculations of buying Aramco are far-fetched
By : Frank Kane :: Commercial ties between Saudi Arabia and China have become vitally important for both countries since the visit by Chinese president Xi Jinping in January 2016 that signalled a new era in bilateral relations. That was
Saudi Aramco signs deal with foreign, local firms to build huge shipyard
:: Saudi Aramco said on Wednesday it had signed a joint venture agreement with three firms to build a shipyard on the kingdom’s east coast, part of the government’s drive to diversify the economy beyond oil. A shareholder agreement was
London tries to lure Saudi Aramco with new listing structure
:: The London Stock Exchange is working on a new type of listing structure that would make it more attractive for oil giant Saudi Aramco to join the bourse, sources familiar with the discussions said. Exchanges around the world are
With $300bn on the table, Saudi Arabia gets ready for sale of the century
By : Frank Kane :: As bankers and business execs home in on Riyadh this week for the annual Euromoney Saudi Arabia Conference, they have before them a glittering prize — $200 billion worth of privatization deals to be won
Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role
Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce its dependence on oil, the bank’s co-head in the region Elyas Algaseer said.
Saudi Arabia’s Aramco to invest $7 bln in Malaysia oil refinery
Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia, making it the single largest investor in the Southeast Asian country. The announcement came on the
Saudi Public Investment Fund to be world leader
The publically owned Saudi Public Investment Fund is looking set to become one of the world’s most powerful sovereign funds after a sudden burst deal making, UK daily the Financial Times has reported. The previously little known and generally inactive
King Salman inaugurates 6 Aramco mega projects
King Salman on Thursday inaugurated six Saudi Aramco mega projects in the company’s main building in Dhahran. The ceremony began with a speech by CEO Amin Nasser, who reviewed the company’s achievements since it was founded, and oil discoveries since
Mohammed bin Salman rewards Aramco employee after fire incident
Saudi deputy crown prince orders oil company Aramco to reward the employee Satam Mirsal Al-Anezi for his heroic role in saving his colleagues during the fire incident that arose at a plant of crude oil in the Wasia last week.
Egypt’s PM: Cairo’s ties with Riyadh ‘good and solid’
Egypt’s Prime Minister Sherif Ismail said relationship with Saudi Arabia is “good and solid” after diplomatic tensions arose recently between the two countries, Al-Ahram newspaper reported on Friday. Ismail made his statement to Al-Ahram after signs of tension surfaced between
Oil prices likely to climb by end of 2016: Aramco
Saudi Arabia’s oil giant expects oil prices to climb toward the end of the year, saying the current price of around $30 a barrel is not sustainable. Saudi Aramco’s CEO Amin Nasser, speaking Tuesday at the 9th Global Competitiveness Forum,
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