If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›
The development seals the deal which both countries entered into in Nov. 2018 for 44 Terminal High Altitude Area Defense launchers, missiles and related equipment. According to a statement by the Pentagon, Lockheed Martin Corp has been awarded a $2.4… Read More ›
Qatar aspires to be a regional hub for sporting events in the run-up to the 2022 soccer World Cup. As per a senior Qatari official, the Gulf state is aiming to attract more sports companies to the Gulf state and… Read More ›
The move is part of a larger effort aimed at weaning off the Kingdom from its oil-dependent economy and boost local manufacturing. As part of an effort to boost domestic industry and manufacturing capabilities, Saudi Arabia signed a preliminary agreement… Read More ›
Britain has opposed Saudi Arabia’s inclusion in the list because of it probably bad for business, especially for the City of London. In a significant development, the European Commission has added a host of countries including Saudi Arabia, Nigeria, Panama,… Read More ›
Saudi Arabia’s PIF used an equity collar to reduce its exposure to price movements of Tesla’s shares. As per a report by the Financial Times, Saudi Arabia’s Public Investment Fund (PIF) has reduced its exposure to Tesla Inc. Saudi Arabia’s… Read More ›
Although details of the signed conference have not been provided, so far, they are expected to be released in the coming days. On Monday, as per a report from Al Arabiya TV, deals worth $63 billion, (235 billion riyals) have… Read More ›
The move mirrors the strategic shift in the fossil fuel industry from dirty polluting crude to liquefied natural gas. On Monday, Qatar’s energy minister Saad al-Kaabi stated, Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) from… Read More ›
The Trump Administration played the Iran card saying the deal would protect against “.. growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups.” According to a spokesman from the U.S. Department of State, Saudi Arabia will purchase… Read More ›
The Saudi energy giant is positioning itself to tap the booming LNG market – a much cleaner fuel compared to pollution-heavy crude oil. On Tuesday, Saudi energy giant Aramco stated, its gas program is likely to draw $150 billion in… Read More ›
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