Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6 million beneficiaries, before it starts Continue Reading
Saudi Arabian Prince al-Waleed bin Talal, shown in July, has been detained in the Riyadh Ritz-Carlton since early November. Saudi authorities are demanding at least $6 billion from Saudi Prince Continue Reading
Saudi Arabia will initiate talks with the U.S. administration within a few weeks about the participation of U.S. nuclear energy companies in the Kingdom’s first civilian nuclear energy project. That’s Continue Reading
Make no mistake, the sale of a 5 percent position in oil giant Aramco will be a once-in-a-generation opportunity. That’s why, as the market moves toward this historic placement, it Continue Reading
Saudi Arabia should not forfeit its “sovereign” right to one day enrich uranium under its planned civilian nuclear program, especially as world powers have allowed Iran to do so, a Continue Reading
Saudi Arabia’s energy minister said it is premature to discuss any changes to the OPEC-led supply cut pact as market rebalancing is unlikely to happen until the second half of Continue Reading
Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia – Aramco – Continue Reading
Saudi Arabia’s energy Minister Khalid al-Falih speaks at an oil-and-gas conference in Basra, Iraq, on Dec. 4. Saudi Arabia is hunting for an energy deal in American shale country, as Continue Reading
Saudi Aramco has held early talks to buy a stake in a U.S. company and has inquired about potentially acquiring assets in the two biggest U.S. oil and gas shale Continue Reading
Saudi air defenses shot down a ballistic missile fired by Yemen’s Houthi group toward Riyadh on Tuesday, the Saudi-led coalition said, in an attack that could escalate a proxy war Continue Reading
