(Bloomberg) — Saudi Arabia will set aside 300 billion riyals ($80 billion) for an investment fund tied to the crown prince’s flagship megaproject, Neom, and plans an initial public offering of t...
Tag: saudi
Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project – Blockchain Bitcoin News
A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of ...
The US is the world’s biggest oil producer — so why do we still need to import crude and ask other countries like Saudi Arabia for help?
The US is the world’s biggest oil producer — so why do we still need to import crude and ask other countries like Saudi Arabia for help? Oil prices are high, energy worries are roiling the global econ...
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...
Saudi Arabia Rejects Biden Request, Eyes on Nord Stream
Saudi Arabia held on their ground and refused Biden’s concert to increase oil production by keeping their commitment to stick to the OPEC+ production plan. The turn down of Biden’s request helped Bren...
Why Biden’s visit to Saudi Arabia is unlikely to contribute much to oil’s price decline
President Joe Biden is in the Middle East late this week and the pressure is on for the U.S. to look to Saudi Arabia, the world’s largest oil exporter, for more barrels of oil. Limits to oil productio...
Meeting With Saudi Prince ‘Accomplished Some Significant Business’
Topline President Joe Biden said at a briefing Friday afternoon in Saudi Arabia that he and Saudi Crown Prince Mohammad bin Salman had agreed to significant new security measures during a highly antic...
Saudi Arabia Has Massive Crypto Adoption, Says KuCoin Survey
Keeping in mind the country’s excellent regulatory framework, vast customer base, and growing interest in cryptocurrencies, Saudi Arabia is a key market for digital currencies. According to the findin...
KuCoin survey reveals high crypto adoption in Saudi Arabia
Saudi Arabia has recorded a high level of cryptocurrency adoption and penetration, according to a recent survey by KuCoin. The survey shows that the country now ranks as one of the largest hubs for cr...
GOP Senator Questions DOJ’s Timing Of PGA Tour Probe Before Biden’s Saudi Visit
Topline In a letter to President Joe Biden, Sen. John Cornyn (R-Texas) expressed concern about the timing of a Justice Department antitrust investigation into the PGA Tour as it fights to fend off its...
51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows
Nearly 3 million citizens in Saudi Arabia have entered the crypto space over the past six months, according to a study by KuCoin. To explore the adoption and penetration of cryptocurrencies in Saudi A...
Snippy Biden Defends Human Rights Views ‘Positively Clear’ Ahead Of Saudi Visit
Topline President Joe Biden got defensive Thursday while justifying his first presidential trip to Saudi Arabia, as he wobbles on an impossibly thin tightrope to not backtrack on his promise to punish...
Saudi Arabian Crypto Investors Doubled Over 6 Months (Survey)
A recently released KuCoin report found surging interest and adoption of cryptocurrencies within Saudi Arabia. It found that 76% of crypto investors in the region had under a year’s experience trading...
Saudi Arabia: bear market doesn’t scare off investors
The crypto-exchange KuCoin has released its “Into The Cryptoverse” report stating that cryptocurrency investors in Saudi Arabia are increasingly adopting self-trading strategies during the bear market...
Survey reveals high penetration and adoption of crypto in Saudi Arabia
The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA)...
Crypto Is Gaining Incredible Amount of Popularity In Saudi Arabia –
– Advertisement – In Saudi Arabia, the use of cryptocurrency is seeing a meteoric rise in popularity According to a KuCoin survey, as of May 2022, around 3 million Saudi Arabians, or 14 pe...
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...
Biden’s Quest for Saudi Oil Faces Reality-Check of Slim Capacity
(Bloomberg) — Most Read from Bloomberg Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the glob...
6 Numbers That Show How Saudi Money Forever Changed Golf
Topline On the eve of the British Open, the last major of the 2022 that starts Thursday, here’s how LIV Golf has upended the sport since it stormed onto the scene earlier this year—in six numbers. Phi...
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...
Russia leapfrogs Saudi Arabia as China’s biggest oil supplier—with some help from massive discounts
Russia has reclaimed its position as China’s biggest oil supplier, overtaking Saudi Arabia in May as Beijing cashed in on discounted Russian energy. Last month, Chinese imports of Russian oil surged b...
Saudi Stocks Briefly Erase Year’s Gains as Oil, Equities Plunge
(Bloomberg) — Most Read from Bloomberg Saudi Arabian stocks briefly erased the year’s gains on Monday before rebounding strongly as bargain hunters stepped in following steep recent losses. The ...
Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities
Motley Fool 5 Surefire Stocks That Can Build Generational Wealth in 25 Years Since hitting their respective all-time closing highs within the past seven months, the well-known Dow Jones Industrial Ave...
Trump, Saudis Join Forces To Stick It To The PGA
Illustration by Philip Smith for Forbes; Photos by Don Emmert/Getty Images, Julio Cortez/AP, Oisin Keniry/Getty Images, Dimitrios Kambouris/Getty Images With LIV Golf, the former president returns to ...
Human Rights, Antitrust Behavior And The PGA-LIV Showdown
LONDON, ENGLAND – JUNE 07: Justin Harding, Ratchanon Chantananuwat, Greg Norman, Chase Koepka and … [+] Phil Mickelson pose for a photograph following the LIV Golf Invitational – Lon...
Saudi Arabia is increasing supply — so why is the oil price holding firm?
The price of oil has barely budged since Saudi Arabia and allied producers agreed to start pumping more quickly. The Brent crude contract for August delivery settled at $119.51 a barrel on Monday — hi...
‘Price Tag’ Singer Jessie J Headlines LIV Golf Concert Series
LEEDS, ENGLAND – NOVEMBER 26: Jessie J performs at O2 Academy Leeds on November 26, 2018 in Leeds, … [+] England. (Photo by Andrew Benge/Redferns) Redferns Already well-paid PGA Tour playe...
Saudi Arabia Raises Oil Export Prices to Asian Customers
Global energy networks are facing a tectonic shift. The WTI benchmark and Brent Crude both breached $120 per barrel today, achieving three-month highs on the back of Saudi Arabia’s decision to raise e...
AlUla In Saudi Arabia To House Notable Film Studio Boosting The Region’s Real Estate Sector
CANNES, FRANCE – MAY 21: Stephen Strachan, guest, Wayne Borg, Zeinab Abu Alsamh and Matt Rhodes … [+] attend the Film AlUla lunch during the 75th annual Cannes film festival at the America...
World’s Biggest Solar Plant To Decarbonize Aluminum Industry In Saudi Arabia
The Saudi Arabian Mining Company will buy industrial solar-generated steam from GlassPoint. GlassPoint Saudi Arabia will host the world’s biggest solar thermal plant. The facility will generate steam ...