The powerful young prince overseeing Saudi Arabia’s economy unveiled ambitious plans on Monday aimed at ending the kingdom’s “addiction” to oil and transforming it into a global investment power. Deputy Continue Reading
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman reacts upon his arrival at the Elysee Palace in Paris, France, June 24, 2015. A sweeping economic reform plan announced by Saudi Continue Reading
An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Saudi Arabia expects state oil company Saudi Aramco [SDABO.UL] to Continue Reading
Saudi Arabia will see the biggest drop this year in the oil price needed to balance its budget as Riyadh curbs spending amid the crude-market rout. The kingdom’s fiscal break-even Continue Reading
If Saudi Aramco were to become a holding company with 5% or so of its… Saudi Arabian Oil Co.: A company that enriched its private investors for decades through what Continue Reading
Saudi Arabia has unveiled the most far-reaching reform programme in the kingdom’s history, in its latest attempt to wean the country off dependence on falling oil revenue and shift towards Continue Reading
The Saudi Arabian sale of Saudi Aramco is already starting to attract widespread attention after Mohammad bin Salman, deputy crown prince of the Kingdom, indicated that an IPO for the Continue Reading
Despite oil’s rebound from cyclical lows and the world’s exuberance that the energy space may be saved (on the basis of headline-reading algo pumping momentum into commodity futures products that Continue Reading
After three decades of internecine war, Abdul-Aziz bin Saud, allied with the fundamentalist Wahhabist Islamic sect, consolidated the House of Saud’s dominance over Arabia in 1932 with the tacit support Continue Reading
A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. Delegates from Burundi, Ethiopia, Kenya, Rwanda, Continue Reading
