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This is Saudi Arabia's 'Achilles' heel'
In the aftermath of the 2003 terrorist attacks carried out by nationals in Riyadh, Saudi Arabia, then-Crown Prince Abdullah argued that youth unemployment was the Kingdom's biggest challenge.Fast...
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Saudi Arabia is 'backing away from OPEC'
The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness...
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Saudi Arabia might pull a Qatar
Saudi Arabia might take a page right out of Qatar's playbook.The Kingdom is thinking about a sale of as much as $15 billion of bonds this year in light of the investor demand for Qatar's recent issue,...
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Uber just got $3.5 billion from Saudi Arabia
Uber has raised $3.5 billion from a new investor: Saudi Arabia.The ride-hailing service announced on Wednesday that it has received a cash infusion from Saudi Arabia's Public Investment Fund, the main...
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We've officially reached the last stage of the tech unicorn boom
On Wednesday morning, the kingdom of Saudi Arabia invested $3.5 billion into Uber.It called to mind what an investor told me about a month ago when we were talking about the end of the current boom in...
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Top US officials expected to meet with Saudi Arabia's deputy crown prince in...
Saudi Arabia's powerful deputy crown prince is expected to visit Washington in mid-June for talks with top U.S. officials, possibly including President Barack Obama, amid growing friction between the...
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Here's why Saudi Aramco's IPO could wreak havoc in the oil markets
The public listing of Saudi Arabia's state-owned oil company, Aramco, could be terrible news for the oil industry in the long term, squeezing out smaller producers and causing big issues with...
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Iran could have the upper hand in the OPEC oil war
Traditional rivals, Saudi Arabia and Iran, continue to fight to prove their supremacy in OPEC. Neither gives up an opportunity to hurt the other, whenever and wherever they can, and oil seems to be...
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Russia should act like Saudi Arabia if it wants to avoid the 'oil curse'
When Deputy Crown Prince Mohammed bin Salman first announced the Kingdom’s post-oil blueprint in April many commentators were skeptical. Saudi Arabia, they said, has been talking about ditching its oil...
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The Iranian-Saudi 'cold war' is on the verge of going hot
While Saudi-Iranian tensions have been on the rise for years, Saudi Arabia’s execution of Sheikh Nimr al-Nimr in January — met with angry reactions in Iran — heightened the stakes so dramatically that...
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This fascinating map shows how OPEC's oil flows around the world
Every major economy around the world is fueled by oil, and a lot of them run on oil produced by OPEC.In its "Annual Statistical Bulletin," the cartel shared a map tracking OPEC's crude and refined oil...
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There's a secret plan to make Saudi Arabia's millennial prince the king by...
Saudi Arabia's millennial Deputy Crown Prince, Mohammad bin Salman, is plotting to try and take over as the country's new king by the end of 2016, according to a report from news site Middle East Eye...
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Suicide bombers strike 3 cities across Saudi Arabia in coordinated attacks
RIYADH (Reuters) - Suicide bombers struck three cities across Saudi Arabia on Monday, in an apparently coordinated campaign of attacks as Saudis prepared to break their fast on the penultimate day of...
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Saudi Arabia has identified the suicide bomber who detonated outside the US...
DUBAI, United Arab Emirates (AP) — Saudi Arabia on Tuesday identified the suicide bomber who struck outside the U.S. Consulate in Jiddah as a Pakistani resident of the kingdom who arrived 12 years ago...
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ISIS' global suicide-bombing campaign is only just beginning
The past week has seen a horrendous upswing in ISIS terrorist attacks around the globe. And, horrifyingly, these attacks could signal the beginning of a more pronounced worldwide ISIS campaign that...
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The US now has more oil reserves than Saudi Arabia
The shale boom has catapulted the U.S. energy industry to new heights:A new estimate shows that America is now the world’s No. 1 in oil reserves.The independent estimate by Rystad Energy shows that the...
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Brexit fears and production highs crushed the oil market
Oil is getting volatile again.The price of oil fell heavily in overnight trading on Tuesday as Brexit worries, combined with indications that output by the Organization of the Petroleum Exporting...
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The ISIS bombings in Saudi Arabia signal a start of 'Jihad 2.0'
Osama bin Laden may be dead but if the July 4 bombings in Saudi Arabia demonstrate anything to a global audience forcibly becoming, if not numbed, then wearily resigned to the horrors of jihadist...
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Bankers are scrambling to get a piece of the Saudi Aramco IPO
It’s a rough time to be an investment banker. Between Brexit crippling Europe and China worries depressing U.S. firms, investment banking transactions volume has been relatively weak leading to major...
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A bunch of ugly warning signs are bubbling up in Saudi Arabia
Saudi Arabia has weathered the lower-for-longer oil environment far better than some of its fellow OPEC members.But that doesn't mean other parts of its economy waded through the last few months...
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