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Russia and Saudi Arabia are planning a $1 billion technology fund
(Reuters) - Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday.The joint venture is the latest in...
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Saudi compliance with the OPEC deal comes at a price
Saudi Arabia is following through with its pledge to stick to the output cuts in the OPEC/non-OPEC deal. The Kingdom is also reducing exports to some buyers, even to its most prized market — Asia....
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Saudi Aramco's IPO is on track for 2018, say senior Saudi officials
MOSCOW (Reuters) - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as Saudi Arabia gears up to sign a string of investment agreements with Russia.The...
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Saudi Arabia just agreed to buy Russia's advanced S-400 missile-defense system
Saudi Arabia has agreed to buy the Russian S-400 air defense system, Saudi-owned al-Arabiya television reported on Thursday, on the sidelines of a visit by Saudi King Salman to Moscow.The Dubai-based...
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Oil climbs as King Salman makes the first-ever visit by a Saudi monarch to...
Oil climbed higher on Thursday as King Salman of Saudi Arabia made the first ever visit by a Saudi monarch to Russia.King Salman told Russian President Vladimir Putin in Moscow that the two countries...
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Watch the Saudi king get stuck in midair when his golden escalator breaks...
As leader of Saudi Arabia, King Salman travels in rarefied air. On Wednesday, he found himself stuck in it.As the Saudi king arrived in Moscow, the golden escalator he uses to disembark his plane...
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The US approves $15 billion sale of THAAD air-defense systems to Saudi Arabia
The US State Department on Friday approved a sale of Terminal High Altitude Area Defense missile-defense systems to Saudi Arabia, according to a press release from Defense Security Cooperation...
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This is the advanced missile-defense system Russia is selling to US allies
Saudi Arabia agreed to purchase Russia's advanced S-400 Triumf missile-defense system on Thursday during King Salman's visit to Moscow.The agreement marked the second time in the last month that a US...
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Russia and Saudi Arabia's new friendship is forcing oil giants to take sides
Saudi King Salman bin Abdulaziz Al Saud visited Moscow last Wednesday, the first such visit by a Saudi monarch since the Soviet Union collapsed. Two topics dominated the agenda: Syria and oil. Saudi...
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Saudi Arabia is losing market share to its OPEC rivals
Iraq and Iran increased their crude oil shipments abroad last month, taking advantage of lower Saudi exports to key destinations to expand their international market share.Data from Bloomberg suggests...
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REPORT: Saudi Aramco is 'considering shelving plans for an IPO'
Saudi Aramco might be delaying its initial public offering.The Financial Times' Anjli Raval, James Fontanella-Khan, Arash Massoudi, and Simeon Kerr report that the state-oil behemoth "is considering...
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Lawmakers want the US to stop helping Saudi Arabia in its war on Yemen
The U.S. Air Force's refueling operations for the Saudi-led coalition striking Yemen could end if lawmakers succeed in passing a House bill.Rep. Ro Khanna, a California Democrat and member of the House...
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China is offering to buy up to 5% of Saudi Aramco directly
Sinopec, PetroChina offer to buy up to 5 percent of AramcoWould offer Riyadh flexibility as it considers optionsAramco says multiple IPO options still being studiedSouth Korea and Japan also look to...
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Saudi Aramco's IPO is on track for 2018, CEO says
Saudi Aramco's initial public offering remains on track to take place in 2018, CEO Amin Nasser told CNBC on Monday.Nasser's comments came following a Reuters report out last week suggesting the IPO...
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Saudi Arabia just announced plans to build a $500 billion mega-city that's 33...
The Saudi Arabian government says it will build a $500 billion mega-city, with the goal of diversifying its economy to focus less on crude oil.The project, called NEOM, will measure 10,230 square...
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Crown Prince Salman says Saudi Aramco's $2 trillion IPO is on track for 2018
RIYADH (Reuters) - Saudi Aramco's initial public offering is on track for next year, and the national oil giant could be valued at more than $2 trillion, Saudi Arabia's Crown Prince Mohammad bin Salman...
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Britain's defence secretary thinks criticising Saudi Arabia's human rights...
UK Defence Secretary Michael Fallon has said criticism of Saudi Arabia's human rights record is"not helpful" for Britain's arms sales to the nation.The UK has been trying to secure a new fighter jet...
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A robot that once said it would 'destroy humans' just became the first robot...
Saudi Arabia is the first country to grant citizenship to a robot.Sophia, the humanoid produced by Hanson Robotics, spoke at the recent Future Investment Initiative.Sophia has said it would 'destroy...
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Saudi Aramco's record breaking international IPO might not go ahead after all
Saudi finance minister says that listing Saudi Aramco internationally is just one "option."The company could look for private overseas investment instead of an international listing, Mohammed Al-Jadaan...
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Tillerson notches a rare diplomatic win, bringing Saudi Arabia and Iraq...
On a recent trip to the Middle East, Secretary of State Rex Tillerson helped broker a monumental meeting between Saudi Arabia and Iraq. Saudi Arabia has an incentive to work with Iraq to try to curb...
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