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Putin backs Saudi over OPEC decision

Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco’s initial public offering, but that Moscow respected Riyadh’s interests. Speaking to reporters in Brazil at a summit for BRICS countries, Putin said …

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Marwa al-Khuzaim to head Aramco Asia Singapor

Saudi Aramco, the world’s top oil exporter, has appointed its first woman head of an overseas office, two sources with knowledge of the matter said on Wednesday. Marwa al-Khuzaim will helm Aramco Asia Singapore from December, taking over from Nader al-Arfaj, they said. Al-Khuzaim is currently a supply chain director …

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Saudi in defence talks with Oman

Saudi Arabia’s vice minister of defense visited Oman on Monday and met with ruler Sultan Qaboos, Omani state news agency ONA reported, following a deal to end a power struggle in the south of Yemen. The Saudi defense ministry said Prince Khalid bin Salman, a son of the king, would …

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Japanese companies not eager for Aramco IPO

Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world’s biggest oil company, the head of Japan’s largest refiner said on Friday. The unusually frank remarks from the head of a typically conservative Japanese company …

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Saudi Aramco targets Malaysia in IPO bid

Saudi Aramco has approached Malaysian state energy company Petronas to participate in Aramco’s initial public offering (IPO), Petronas said on Wednesday, as the Middle Eastern oil giant seeks cornerstone investors for the listing. The Saudi government plans to sell 2% of state-run Aramco, the world’s most profitable company, in a …

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Saudi Aramco IPO listing to go as planned

Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as the kingdom seeks to diversify and create the world’s most valuable listed company. SALAH SHAMMA, HEAD OF INVESTMENT, MENA, FRANKLIN TEMPLETON EMERGING MARKETS EQUITY With Aramco likely …

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Saudi Arabia returning Iranian fishermen

Saudi Arabia has freed 19 Iranian fishermen detained 10 months ago by the kingdom’s coastguard, an Iranian official was quoted as saying on Thursday, following talks between the two regional rivals. The crews of two separate fishing boats had been captured when “bad weather forced the boats into Saudi Arabia’s …

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Saudi Aramco IPO slotted for December 4

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors. The people also said Aramco’s chief executive officer, Amin …

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Saudi channels suspended in Iraq as protests escalate

Iraq has suspended Saudi Arabian state-owned broadcasters Al-Hadath TV and Al Arabiya, Al-Hadath said on Saturday, amid renewed anti-government protests that saw scores killed over two days in clashes with security forces and militia groups. “The Iraqi government suspends the work of Al-Hadath and Al Arabiya,” Al-Hadath TV said on …

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Saudi brokered deal to include Yemen separtists

A preliminary deal between Yemen’s Saudi-backed government and southern separatists to end a power struggle in Aden will see the separatists included in a new technocrat cabinet and both sides’ forces placed under government control, sources said. The Saudi-brokered arrangement, an advanced version of which was seen by Reuters, is …

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US prepared to help Saudi nuclear programme

U.S. Energy Secretary Rick Perry said on Saturday that conversations with Saudi Arabia on a nuclear program are going forward. The world’s top oil exporter had said it wanted to use nuclear power to diversify its energy mix. It wants to go ahead with a full-cycle nuclear program, including the …

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New Saudi prince takes FM slot

Saudi Arabia appointed a prince with diplomatic experience in Western capitals as foreign minister on Wednesday in a partial cabinet reshuffle as the kingdom tries to mend its international image and prepares to take over the Group of 20 presidency. Prince Faisal bin Farhan Al Saud had served for the …

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Pentagon chief in Saudi Arabia

U.S. Defense Secretary Mark Esper arrived in Saudi Arabia on Monday, with tensions simmering between the United States and Iran, and Russia seeking to increase its regional influence. Esper is likely to meet King Salman and Crown Prince Mohammed bin Salman on his first trip to the key Middle East …

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Saudi Aramco postpones issuing IPO

Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday. Aramco had been expected to announce plans next week to float a 1% …

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Russian investors eyeing Saudi Aramco IPO

A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday. Dmitriev, speaking ahead of Russian President Vladimir Putin’s visit to Saudi Arabia, also …

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Pakistan interceding between Iran and Saudi

Pakistan will do its utmost to enable talks between arch regional rivals Iran and Saudi Arabia, Pakistani Prime Minister Imran Khan said on Sunday in Tehran, adding that he will travel to Saudi Arabia on Tuesday. “Pakistan does not want conflict between Iran and Saudi Arabia…I am happy to facilitate …

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New logistic zone to be set up in Jeddah

Saudi Arabia plans to launch a new logistics zone open to private investors, in the Red Sea port city of Jeddah, according to a transport ministry statement on Sunday. The new zone will be located in al-Khomra, the statement said. It aims to boost the logistics sector to help diversify …

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Iran prepared to talk to Saudi, says Zarif

Iran is prepared to hold talks with regional rival Saudi Arabia, with or without the help of a mediator, the Iranian Foreign Ministry said on Saturday, ahead of a visit by Pakistani Prime Minister Imran Khan. Asked about reports that Khan, due to arrive in Iran at the weekend, may …

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Saudi Arabia in defence talks with US

Saudi Arabia’s deputy defense minister said on Thursday he discussed regional security and military cooperation with senior U.S. government officials at a time of heightened tension with Iran following last month’s attacks on Saudi oil facilities. Saudi Arabia and the United States blamed common foe Tehran for the Sept. 14 …

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Saudi Arabia pushing cybersecurity in UAE’s GITEX Technology Week

Saudi Arabia’s Ministry of Energy today outlined how it is adapting and maintaining its world-class defense against evolving global cybersecurity threats. “Cyberattacks aimed at disrupting critical infrastructures are becoming more nuanced, advanced and difficult to spot. There can be no compromise when it comes to our defensive posture and we …

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Saudi, Russian oil ministers coordinating policy

The Saudi energy minister on Monday discussed with the Russian minister of economic development cooperation in energy and the stability of global markets, Saudi state news agency (SPA) reported. Prince Abdulaziz bin Salman discussed with Russia’s Maxim Oreshkin “the role of the two countries in the stability of global markets …

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Saudi trying to get Sudan off terror list

Saudi Arabia is working to remove Sudan from the United States’ list of state sponsors of terrorism, a Saudi foreign ministry tweet said on Sunday. The tweet followed a meeting in Riyadh between King Salman and the head of Sudan’s transitional sovereign council Abdel Fattah al-Burhan and prime minister Abdalla …

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Saudi non-oil sector booming

Growth in Saudi Arabia’s non-oil private sector increased in September at the fastest rate for three months, as output increased and employment growth reached an 18-month high, a survey showed on Thursday. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose to 57.3 in September from 57.0 …

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US navy in talks with Saudi over Iran

The commander of U.S. Naval Forces Central Command visited Riyadh over the weekend to discuss with the head of Saudi Arabia’s naval forces reinforcing defenses against Iranian threats, the command said on Tuesday. The meeting followed a Sept. 14 drone and missile attack on two Saudi oil facilities that initially …

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Royal Saudi bodyguard killed in personal row

The long-time personal bodyguard of Saudi Arabia’s King Salman was shot dead by a friend while at a private residence in the western city of Jeddah, in what the state broadcaster described as “a personal dispute”. State media did not give details about the row that sparked the shooting on …

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Possible Houthi attack on Saudi border

Yemen’s Houthi movement said on Saturday it had carried out an attack near the border with the southern Saudi region of Najran and captured several army officers, but there was no immediate confirmation from Saudi Arabian authorities. The Houthis’ military spokesman said in a statement that three “enemy military brigades …

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MBS gives interview on Khashoggi assassination

Saudi Arabia’s crown prince said he bears responsibility for the killing of journalist Jamal Khashoggi last year by Saudi operatives “because it happened under my watch,” according to a PBS documentary to be broadcast next week. Mohammed bin Salman, the kingdom’s de facto ruler, has not spoken publicly about the …

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