Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de fact...
Tag: Mohammed bin Salman
The Biggest Winners In 2022’s Energy Rollercoaster
On trip to the Kingdom, Biden greets Saudi Crown Prince Mohammed bin Salman with a fist bump. Anadolu Agency via Getty Images W hen U.S. President Joe Biden traveled to Riyadh in July to give him a fi...
Saudi Arabia reports first budget surplus in nearly 10 years
The Kingdom Tower (center) stands on the skyline above the King Fahd highway in Riyadh, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia reported its first budget surplus in nearly 1...
Top Oil Exporter Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up.
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative (FII) conference in … [+] the Saudi capital Riyadh in 2018. AFP via Getty Images Big oil statistics. With oil prod...
Credit Suisse shares are a ‘steal,’ say new Saudi backers SNB
The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking p...
Biden Has ‘No Plans’ To Meet Saudi Crown Prince At G20 Summit After Oil Cuts
Topline President Joe Biden has “no plans” to meet with Saudi Arabian Crown Prince Mohammed bin Salman on the sidelines of the Group of Twenty Summit next month, National Security Advisor Jake Sulliva...
Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure ...
The Greed And Geopolitics Of The OPEC+ Oil Production Cut
Delegates during a news conference following the 33rd meeting of the Organization of Petroleum … [+] Exporting Countries (OPEC) and non-OPEC countries in Vienna, Austria, on Wednesday, Oct. 5, 2...
Ex-Twitter Employee Convicted Of Sending Private Data To Saudi Government
Topline A former Twitter employee was convicted in federal court Tuesday for giving the government of Saudi Arabia information about regime critics’ social media accounts, according to multiple news o...
Saudi Arabia Makes Another Play For Foreign Capital, Launching Inward Investment Agency
Saudi investment minister Khalid al-Falih (right) speaks to the US senior advisor for energy … [+] security Amos Hochstein during an investment event in Jeddah, Saudi Arabia on July 16, 2022. (P...
OPEC+ Quotas And Seinfeld Car Rentals
JEDDAH, SAUDI ARABIA – JULY 15 US President Joe Biden (L) being welcomed by Saudi Arabian Crown … [+] Prince Mohammed bin Salman (R) at Alsalam Royal Palace in Jeddah, Saudi Arabia on July...
Saudi Aircraft Leasing Company Launches In UK And Signs Up First Customer
A Flynas Airbus A320neo airplane at Dubai International Airport (DXB) in the United Arab Emirates on … [+] May 22, 2021 getty The aviation industry’s newest aircraft leasing company AviLease sec...
Last Week, In “Games” That May Influence The Future Of Energy, President Biden Played Two Weak Hands.
President Joe Biden announces members of his climate and energy appointments. Getty Images Cards in the right hand. President Biden was in the Middle East last week trying to work a deal with Saudi Ar...
As Biden Prepares Saudi Trip, Its Oil Imports Dwindle To 8% This Year
The value of U.S. oil imports from the world was higher in May of this year than any other month of … [+] May since 2014, according to WorldCity analysis of U.S. Census Bureau data. But the Saud...
Saudi Arabia And Abu Dhabi Launch Ambitious Drives To Diversify Economies
Saudis working at a solar panel factory in Uyayna, north of Riyadh, on March 29, 2018 (Photo: FAYEZ … [+] NURELDINE/AFP via Getty Images) AFP via Getty Images Oil-rich Middle East governments ar...
How Long Will The Era Of $5.00 Gasoline Last?
Gasoline $5.00 Sign getty A radio host asked me this week how long I thought the era of $5.00 gas at the pump would last. I replied that it would likely last as long as it takes for the price to rise ...
Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income
RIYADH, Saudi Arabia—Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the purse strings of th...
Princess Basmah Released In Saudi Arabia After Almost Three Years In Custody
Saudi Princess Basmah Bint Saud Bin Abdulaziz speaking during a discussion on the role of women in … [+] the Middle East at the Middle East Institute in Washington, DC on April 12, 2017. Photo: ...