Saudi Arabia warns against 'nefarious activities' by Iran
The lifting of sanctions on Iran as a result of its nuclear deal with world powers will be a harmful development if it uses the extra money to fund "nefarious activities", Saudi Arabia's Foreign...
View ArticleSaudi Arabia's foreign minister just gave an utterly unconvincing explanation...
Oil is down to $28 a barrel, a drop in price that's going to have an untold and possibly disruptive impact on countries around the world and across the development spectrum.An emerging conventional...
View ArticleBank of America singles out the No. 1 black-swan event for the global oil market
Saudi Arabia is spending cash like there was no tomorrow, but the party cannot go on forever.According to knowledgeable Bloomberg sources, government officials in Saudi Arabia have begun capital...
View ArticleAt least 5 killed after Saudi airstrikes hit Yemeni oil storage facilities
Air strikes by the Saudi-led coalition struck oil storage facilities at Yemen's Ras Isa port on the Red Sea on Thursday, killing at least five people, oil workers said.They said the attack targeted a...
View Article$30 oil is 'irrational' and a rebound is 'inevitable,' according to Saudi...
Shocking: Saudi Arabia thinks oil prices at $30 per barrel are "irrational."According to a report in The Financial Times, Khalid al-Falih, chairman of the state-owned oil company Saudi Aramco, said at...
View ArticleSaudi Arabia just presented an ambitious plan to move beyond oil
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with...
View ArticleThe head of Saudi Arabia's state-owned oil company thinks oil prices will...
RIYADH (Reuters) - National oil giant Saudi Aramco expects to see oil prices pick up by the end of this year, the company's chief executive Amin Nasser said on Tuesday.Speaking at a business...
View ArticleHere's how chess strengthens your brain
The future of chess in Saudi Arabia is in doubt after the country’s most senior cleric, the grand mufti Sheikh Abdul-Aziz al-Sheikh, said it was forbidden under Islam. Al-Sheikh told a television...
View ArticleIran says 'terrorists in a new mask' must be barred from Syria peace talks
MOSCOW (Reuters) - Iran said on Thursday it strongly opposed moves by its regional foe Saudi Arabia to allow "terrorists in a new mask" to sit down for talks between the Syrian government and the...
View Article'GOOGLE IT': Donald Trump promotes conspiracy theory, fake photo of Megyn...
Real-estate mogul Donald Trump promoted a fake photo and a conspiracy theory in the middle of his Thursday-morning tweetstorm blasting Fox News and one of the network's anchors, Megyn Kelly.Trump...
View ArticleSaudi Arabia has proposed the first universal deal in over a decade to help...
Russia said on Thursday that OPEC kingpin Saudi Arabia had proposed global oil production cuts of up to 5 percent in what would be the first universal deal in over a decade to help clear a glut of...
View ArticleSaudi Arabia's 3,000-foot-tall skyscraper will have the world's highest...
Rising to a staggering 3,281 feet tall, Saudi Arabia's Jeddah Tower could one day set a world record as the tallest skyscraper on Earth. It will also have the world's tallest observation deck.Located...
View ArticleBillionaire Saudi prince fires back after Donald Trump promotes fake photo of...
Billionaire Saudi Prince Alwaleed bin Talal fired back at Donald Trump on Thursday after the Republican presidential front-runner promoted a fake photo of him to attack Fox News.Trump shared a photo on...
View ArticleIt's starting to look like Russia will have the biggest impact on oil prices...
The global oil situation continues to drag on.Powerhouse oil producers are still being squeezed financially by lower prices and some of the more unstable OPEC members have seen upticks in violence and...
View Article9 US citizens are being held in Saudi Arabia on terror charges
Nine American citizens are reportedly among 33 suspects who have been detained by Saudi Arabia on terrorism charges in the past week. The US embassy in the oil-rich Gulf kingdom is yet to comment on...
View ArticleRussia is now China's biggest oil partner — and it's a huge problem for Saudi...
Saudi Arabia has long trumped Russia in the Chinese oil market.The Saudi share of Chinese crude imports at the beginning of the decade was about 20%, while Russia's was below 7%, according to data...
View ArticleThe US is about to sell $1 billion in weapons to Saudi Arabia
At the end of January, attachés to US Secretary of State John Kerry dusted off the typical lines about Saudi Arabia's human rights abuses. Concerns were expressed, disappointments were level led.Kerry...
View ArticleHere's the latest sign that investors are anxious about Saudi Arabia (USO, OIL)
Saudi Arabia's leaders are nervous about the future.Low oil prices are forcing Riyadh to introduce unprecedented taxation and austerity measures.Iran, the country's regional arch-rival, just received...
View ArticleMARC FABER: Saudi Arabia is 'basically bankrupt' if oil prices stay low for 3...
Is Saudi Arabia cash strapped?Saudi Arabia still has money, but if the oil price stays here for another three years the country’s basically bankrupt. In my opinion, the whole Middle East will go back...
View ArticleSaudi Arabia says it is willing to send ground troops to Syria to fight ISIS
Saudi Arabia said on Thursday it was ready to participate in any ground operations in Syria if the U.S.-led alliance decides to start such operations, an adviser to the Saudi defence minister said."The...
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