Nineteen months after Crown Prince Mohammed bin Salman (MBS) originally announced Vision 2030—the privatization of state assets to power an economic restructuring—the deals are slow to actualize. “It’s going to Continue Reading
The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is Continue Reading
Ministers from OPEC and their allies have agreed to extend their production pact all the way to the end of 2018 but with a review in June that will take Continue Reading
Senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching an “acceptable settlement agreement” with authorities paying more than $1 billion, Continue Reading
State oil giant Saudi Aramco [IPO-ARMO.SE] and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil Continue Reading
The Ritz-Carlton in Riyadh is holding about 200 members of the Saudi elite A peak inside the Ritz-Carlton as it hosts those suspected of corruption Riyadh’s palatial Ritz-Carlton hotel, branded Continue Reading
In asserting himself over Saudi Arabia, 32-year-old Crown Prince Mohammed bin Salman is imposing a trade-off that appeals to many fellow young Saudis. The prince, in essence, is broadening social Continue Reading
Toshiba-owned Westinghouse ( 6502.T ) is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, Continue Reading
A tycoon was called home to Saudi Arabia from abroad for a business meeting and detained when he returned. A billionaire was ordered to turn himself in or be picked Continue Reading
The Middle East is heading for a major showdown, if statements made by Saudi Crown Prince Mohammed bin Salman (MBS) and UAE’s minister of Foreign Affairs Gargash are to be Continue Reading
