Kingdom Of Fear: Saudi Arabia On Lockdown
Events in Saudi Arabia are unfolding at a blinding pace, with a radical shift taking place within the upper echelons of government. Last weekend, King Salman announced the set-up of Continue Reading
Scores more Saudis detained in $100 billion corruption sweep
Dozens of more people have been taken into custody by Saudi authorities, the kingdom said Thursday, bringing to 201 the number detained in a sweep that investigators say has uncovered Continue Reading
Is Saudi Arabia Lying about Its Oil Inventories?
Saudi Arabia’s reports about declining crude oil inventories were instrumental in the buildup of trust on the market that OPEC’s—and the Kingdom’s specifically—efforts to rebalance crude oil’s fundamentals were working. Continue Reading
Saudi Aramco signs engineering and construction deals worth $4.5 billion
Saudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and Continue Reading
Arrests of Saudi media moguls raise ownership fears
Among the 200 princes, businessmen and senior officials arrested in Saudi Arabia’s sweeping anti-corruption crackdown are the two most important media moguls in the Arab world, potentially giving the kingdom’s Continue Reading
Oil Tycoons Make Billions In Saudi Purge
Oil tycoons are applauding Saudi Arabia’s recent anti-corruption raid, which has boosted the net worth of the world’s 21 largest oil tycoons by $1.4 billion, according to Bloomberg. The boost Continue Reading
With Saudi Arrests, Crown Prince Shows He Can Force Change. But It’s Not Democracy
The Saudi prince behind the weekend’s unprecedented arrest of high-level Saudi officials and businessmen is known as young and brash, and has even been called reckless. He is also known Continue Reading
Aramco expects to boost capital expenditure by about 10 percent
Oil giant Saudi Aramco expects to increase its capital spending budget by almost 10 percent in its next financial year, a senior vice president at the state-owned company said on Continue Reading
Saudi purge demonstrates ruthlessness of crown prince
Five things about Saudi Arabia’s Crown Prince Mohammed bin Salman Media captionFive things about Saudi Arabia’s Crown Prince Mohammed bin Salman Big things are happening in Saudi Arabia. Princes, ministers Continue Reading
Saudi Corruption Crackdown Topples Oil Kingpins
After Saturday’s news emerged that a long list of high-profile Saudi royals, military leaders and multi-billionaires were arrested or confined to their quarters, all seemed to be only an implementation Continue Reading