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Saudi Arabia's Stock Exchange Gets a Revamp Ahead of Anticipated IPO This Year
The Saudi Tadawul Group’s CEO expects a “historic” pipeline of IPOs in the kingdom this year.
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OPEC+ Decides to Gradually Curb Output Cuts as Demand Concerns Persist
The ongoing coronavirus crisis continues to cloud the outlook, and analysts expect this to reaffirm Saudi Arabia’s caution about the global economic recovery.
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Saudi Aramco CEO Says Oil Giant Can Still Meet Dividend Expectations as Crown Prince Prioritizes Investments
Saudi Arabia has announced that oil giant Saudi Aramco and petrochemical firm SABIC will fund most of a 5 trillion riyal private sector investment plan.
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Saudi Arabia Proposes Cease-Fire in Yemen as War Drags on
Last month, Biden announced the end of U.S. support for offensive operations in Yemen.
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Biden Defends Inaction Against Saudi Crown Prince in Killing of Journalist Jamal Khashoggi
President Joe Biden is defending his decision to waive any punishment for Saudi Arabia’s crown prince in the killing of a U.S.-based journalist
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Middle East Start-Up That Grows Food in the Desert Raises $60 Million in Funding
Pure Harvest Smart Farms grows fruits and vegetables in greenhouses in the UAE desert, and has partnerships to do the same in Saudi Arabia and Kuwait.
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Biden Wants the Yemen War to End. One Expert Says His Actions May Be Making It Worse
President Joe Biden ended support for offensive operations in Yemen in a bid to end the war there, but one political analyst says that might make things worse.
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Oil Slides, Reversing Early Gains That Pushed Prices to Highest Level in More Than a Year
International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than a year.
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Biden Needs Saudi Support, and That Could Make It Tough to Pressure Riyadh on Human Rights: Atlantic Council CEO
Biden previously said he would make Riyadh a “pariah,” but realizes Saudi Arabia’s support is important for the U.S., said Frederick Kempe of the Atlantic Council.
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Crown Prince's Actions in Khashoggi Killing Leave Saudi Fund Vulnerable, Ex-Obama Official Says
The Saudi crown prince’s actions in the killing of Khashoggi might have left the kingdom’s sovereign wealth fund vulnerable to consequences.
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US Intel Report Concludes Saudi Crown Prince ‘Approved' Khashoggi Killing
Saudi Arabia’s crown prince likely approved the killing of U.S.-based journalist Jamal Khashoggi inside the Saudi consulate in Istanbul, according to a newly declassified U.S. intelligence report released Friday. The finding could escalate pressure on the Biden administration to hold the kingdom accountable for a murder that drew widespread outrage in the U.S. and abroad. The public blaming of...
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Biden Isn't Going to Make Saudis a ‘Pariah' Despite Khashoggi, Says Foreign Policy Expert
Michael O’Hanlon explains why President Joe Biden will not make Saudi Arabia “a pariah” due to the economic and military relationship at stake.
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Biden Admin. to Release Report Blaming Saudi Crown Prince for Khashoggi Killing
The Biden administration will release an intelligence report Thursday that concludes that Saudi Crown Prince Mohammed bin Salman approved the 2018 killing of journalist Jamal Khashoggi, according to three U.S. officials familiar with the matter.
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CIA: Saudi Crown Prince Ordered Journalist's Murder
Calling Saudi Arabia a “great ally,” President Donald Trump declined to stand behind the CIA’s claim that Saudi Arabia’s Crown Prince, Mohammed bin Salman, was responsible for the murder of journalist Jamal Khashoggi.
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Biden's Snub of Saudi Crown Prince Mohammed Bin Salman Is a ‘Warning' Signaling a Relationship Downgrade
“The Saudis in Washington are in the worst position they’ve ever been,” a former Obama administration official told CNBC.
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‘Dramatic and Risky' — and a Shot at Dubai? Saudi Arabia Issues Bold Business Ultimatum to Pull Regional HQ Offices Into the Kingdom
What began as a pitch for investment to global firms has just become something much more aggressive.
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SABIC Expects Vaccine Rollout to Boost Its Petrochemical Sales, Earnings
Saudi Arabia’s SABIC posted a net profit of 2.22 billion riyals ($592 million) in the fourth quarter, after reporting a net loss of 890 million riyals in the same quarter in 2019. SABIC, Saudi Basic Industries Corp, expects the global rollout of coronavirus vaccines will boost its sales revenue by as much as 5 percent this year. SABIC shares have…
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US Exploring New Bases in Saudi Arabia Amid Iran Tensions
The U.S. military is looking into using a Red Sea port in Saudi Arabia and an additional two airfields in the kingdom amid heightened tensions with Iran
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Oil Prices Expected to Struggle Despite Saudi Cuts, But Goldman Is More Bullish Than Most
Goldman Sachs sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations.
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End of Qatar Blockade Is ‘a Win for the Region,' Saudi Foreign Minister Says
The Al-Ula declaration resolves all of the outstanding issues that Qatar and other Arab nations had, said Faisal bin Farhan al-Saud, Saudi’s foreign minister.