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Tag Archives: Saudi Arabia

Saudi Aramco IPO should go according to plan

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right. Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, …

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Saudi export ban hits German shipyard

German shipbuilder Luerssen has suspended production of coastguard vessels it was building for Saudi Arabia and placed large numbers of staff on short hours, blaming uncertainty over whether Berlin would grant future weapons export licenses. After dissident journalist Jamal Khashoggi was killed in Saudi Arabia’s consulate in Istanbul, Chancellor Angela …

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Saudi Arabia bidding for South African defence contractor

Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall (RHMG.DE), a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defense spender, is seeking partnerships to …

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Opec mulls all options on output for 2019

Opec has urged a committee to prepare “options” for how much oil it should produce next year to prevent the market slipping back into oversupply, the clearest sign yet that the group could reduce output to avoid prices falling further. The rise in oil inventories in recent weeks coupled with …

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The Geopolitics of the Khashoggi Murder

By Graham E. Fuller — The grisly details of the murder of Saudi journalist Jamal Khashoggi by Saudi security goons in their own consulate in Istanbul has riveted global attention like few other recent stories. Not surprisingly, the lurid descriptions of this single sensational case have far greater impact on …

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3 Saudis accused of terrorism killed

hree Saudi men accused of terrorism were killed on Wednesday after they resisted arrest in the eastern region of Qatif, a Saudi security spokesman said on Thursday. Three members of the Saudi security forces suffered light injuries, he said. The three killed “are linked to the terror incidents that happened …

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Vision 2030 drives Saudi march to the future

Today, the Kingdom of Saudi Arabia celebrates its 88th National Day. It marks the day the Kingdom was unified under the founding King Abdul Aziz Bin Abdul Rahman Al Saud in 1932. On this occasion, we also celebrate the progress our great nation has made over the last nine decades …

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