Sentences with word «saudis»

OPEC wants to talk to rival shale drillers to learn lessons of oil glut Saudis and US, seen as rivals, are actually growing together: Aramco CEO Saudi Aramco looking to Google parent Alphabet to build tech hub

So Jeff Bezos, be CEO of Amazon, one of the things that Mohammed bin Salman and the Saudis are looking to do, is they're really looking to establish Saudi Arabia as a logistics hub.

The Saudis» corruption crackdown opened up a chasm under the tech industry's justification for taking money from the religious monarchy, NYT reports.

It also comes as little surprise that the latest hint that the Saudis are likely targeting $ 80 oil is not universally shared among all OPEC members, according to Bloomberg sources who relayed the Saudi ambition for said target.

With oil, which is traded internationally, prices collapsed (mainly) because the Saudis have flooded the market with supply in an attempt to retake lost market share from U.S. producers — whom also drilled too many successful wells.

SoftBank and the Saudis say the solar project will be able to generate around 7.2 gigawatts of power in 2019, and 200 gigawatts by 2030.

«The Saudis actually support the Iran nuclear deal; they were upset about sanctions relief, however.

A big investment in Aramco by China's sovereign wealth fund has long been rumored, but never confirmed by the Saudis.

Trump publicly sided with the Saudis and Emiratis early in the crisis, but is now pushing for a resolution to maintain a united front against Iran.

The higher the oil price the Saudis (or OPEC) target and possibly reach, the more areas in the U.S. would be profitable to drill and add to the global oil supply, potentially wiping out the effect of the cuts and depressing oil prices again.

Amid all the excitement and attention driven by MBS, Cook said the market is overlooking the destabilizing aspects of the Crown Prince's Vision 2030 plan, and responding more positively to the Saudis» stated position: they have no choice, and failure isn't an option.

At the signing ceremony in July that finalized plans for Dubai's 2,400 - megawatt Hassyan coal project, the Chinese group set to build the plant and the Saudis who will operate it were joined by a partner: an executive from General Electric ge, standing proudly near a backdrop boasting the familiar blue GE logo.

The world's biggest solar project is going to get underway in Saudi Arabia, according a plan whipped up by the country's sovereign wealth fund and the Japanese technology conglomerate SoftBank.

CNBC's Michelle Caruso - Cabrera provides a preview of the Saudi - U.S. CEO forum in New York as corporate leaders from both countries meet to discuss future business ties.

That includes the cost of labor, panels — which will be imported until local production capacity is up to speed — and an unprecedented network of batteries that will be able to store this energy for measured distribution over the Saudi grid.

The state - owned oil firm is expected to list on the Saudi stock exchange in the second half of the year, but an international listing is said to have been temporarily shelved.

For Saudi Arabia, the price of oil needed to balance the 2018 public spending is $ 83 a barrel.

«In order to maintain the peg, the Saudi authorities have to move interest rates in lockstep with the Fed,» Marcus Chenevix, a London - based MENA analyst with TS Lombard, told CNBC.

«I would say take Egypt over Saudi Arabia because the Saudi economy is more vulnerable to oil prices.»

Earlier this month, Jubeir said Saudi Arabia would be prepared to send troops into Syria under the U.S. - led coalition if a decision is taken to widen it.

In Saudi Arabia earlier, Pompeo said that the U.S. would abandon the 2015 nuclear deal with Iran, reached under President Donald Trump's predecessor, unless talks with European partners yield improvements to ensure the Islamic Republic never possesses nuclear weapons.

The comments reflect those made by Saudi Oil Minister Khalid Al - Falih who this month said that oil prices could rise to $ 75 without causing economic damage.

For a number of reasons, Saudi Arabia's competitors in international markets had an incentive to engage in Riyadh's price war.

But the Saudi ETF flows aren't at the top of the list when it comes to U.S. investor interest in overseas stock markets.

«Reports that the Saudi government is planning to dilute its reform plans may be the first sign that the power and influence of Crown Prince Mohammed bin Salman is starting to wane and that broader opposition to reform is building,» Jason Tuvey, Middle East economist for Capital Economics, wrote in a research note.

Helma Croft and Christopher Louney, commodity strategists at RBC Capital Markets in New York, called the agreement between Saudi Arabia, Russia, Qatar and Venezuela «symbolic,» as they think all four countries are producing at maximum capacity.

Secretary of State Mike Pompeo, who met Saudi King Salman in Riyadh on a flying visit to the...

Major reforms are being taken seriously by investors, and plans from major index providers to add Saudi stocks to emerging market benchmarks are providing support for stock growth.

This flurry of major statements follows quickly after new Secretary of State Pompeo's day - after - confirmation trip to Israel and Saudi Arabia this weekend.

A key part of the vision is to increase private investment and the growth of the private sector, which Saudi Arabia hopes will contribute 65 percent of gross domestic product (GDP) by 2030.

Such contrasts can be seen when looking at the steady tattoo of allegations concerning mass atrocities leveled at Qaddafi of Libya (but after his demise never confirmed), compared to the almost complete failure to cover the uprising in Saudi Arabia — or ongoing human rights outrages there.

The much - anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $ 80 per barrel, a private equity investor said.

Last month, BP CEO Bob Dudley told CNBC that he expected «little market dislocations» would be to blame for any looming disruptions to Saudi Aramco's plans to list.

The Houthis have reportedly launched several missiles into Saudi Arabia of late.

Investors hoping to a buy a piece of the world's largest oil company may be forced to wait until 2019 at the earliest, amid reports Saudi Aramco's initial public offering (IPO) is likely to be delayed.

In January, Saudi regulators changed rules for qualified foreign institutions to allow them to own up to 49 percent of listed securities as the kingdom opens up its stock market and plans a 5 percent sale of $ 2 trillion oil giant Aramco in 2019.

Trump signed a $ 110 billion arms deal with Saudi Arabia last week.

Saudi Arabia in particular gave a strong indication that higher prices wouldn't be a bad thing.

An international listing of Aramco was seen as the centerpiece of the powerful Crown Prince Mohammed bin Salman's efforts to reshape the Saudi economy and reduce the nation's reliance on oil revenues.

Saudi Arabia is said to desire crude closer to $ 80.

The iShares MSCI Saudi Arabia ETF (KSA) is up close to 18 percent, surpassed only by the VanEck Vectors Egypt Index ETF (EGPT), up 22 percent, according to data from XTF.com through April 27.

ETF flows this year show more interest in Saudi stocks.

That explains the unsure reaction to the Saudi - Russia announcement.

Saudi's Attorney General said in November that the government estimated that «at least $ 100 billion has been misused through systematic corruption and embezzlement over several decades» and said 208 individuals had been arrested as part of the crackdown, with seven released without charge.

Dollar - pegged countries like Saudi Arabia, Qatar, Kuwait and the United Arab Emirates (UAE) don't have currency depreciation to help offset to higher domestic interest rates.

CNBC's Michelle Caruso - Cabrera reports the latest news out of the Saudi - U.S. CEO Forum 2018, including news on OPEC and the Saudi Aramco IPO.

Yemen bears particularly close watching as Houthi missile attacks pose a direct risk to critical Saudi infrastructure, and the proxy war could prove to be the tripwire for a direct confrontation between Riyadh and Tehran.

While Chinese cities have recently hit more than 500 micrograms of PM 2.5 per cubic meter, Saudi Arabia, on a per - country average, has the most toxic air in the world.

Saudi Arabia's state - owned oil behemoth had planned to begin trading on the country's domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018.

If Trump busts the deal, people may get nervous and this might have an impact on the Saudi market,» he said.