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Saudi Arabia News

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Saudi Arabia is investing billions in fun

DUBAI (CNNMoney) -- Saudi Arabia is pumping $2.7 billion into new entertainment projects. The kingdom wants people to have more fun at home and take fewer vacations abroad. Its sovereign wealth fund will create a company to invest in the sector and do deals with strategic partners. One of its inve

CROSSROADSTODAY.COM - 2017-09-20 16:05:00

The Petrodollar Is Under Attack: Here's What You Need to Know

(ANTIMEDIA Op-ed)- Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable differ

THE ANTI-MEDIA - 2017-09-20 15:30:15

Is This The Next War In The Middle East?

President Donald Trump reportedly warned Saudi Arabia and the United Arab Emirates not to use military force in the early days of their regional dispute with Qatar in a meeting at the U.N. Tuesday, according to Bloomberg News. Saudi Arabia, the UAE and other Arab countries diplomatically cut off rel

THE DAILY CALLER - 2017-09-20 12:02:22

Saudi Arabia to allow women into stadium for national day

Saudi Arabia has invited women to a sports stadium for the first time to attend annual national day celebrations with their families, state media said on Wednesday, opening up a previously male-only venue. Families will be allowed into the King Fahd stadium in Riyadh, used mostly for football matche

MSN.COM - 2017-09-20 15:18:44

How to increase trust in the media: Just forget the First Amendment

Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Reporters gather around counselor to the president Kellyanne Conway on July 25. (Jabin Botsford/The Washington Post) Americans' trust in the media is at a low

WASHINGTON POST - 2017-09-20 12:30:00

Wife of jailed blogger tells U.N. Human Rights Council that Saudi Arabia's seat is not 'deserved'

Ensaf Haidar, the wife of jailed Saudi blogger Raif Badawi, spoke before the U.N. Human Rights Council where she condemned Saudi Arabia's inclusion in the international body. Noting that her husband, the creator of website Free Saudi Liberals, had been sentenced to 10 years in prison and 1,000 lashe

NEW YORK TIMES - 2017-09-20 19:27:34

Trump's Selective Sovereignty Is Par for the Course in U.S. Foreign Policy

The president's "principled realism" promises more restraint than he has delivered so far. C-SPANThe New York Timesclaims Donald Trump "sketched out a radically different vision of the world order than his forebears" by "declaring Tuesday that sovereignty should be the guiding principle of affairs b

REASON.COM - 2017-09-20 19:30:00

White House angry with Tillerson over Gulf arms-sales delays

Opinion Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Tensions between the White House and the State Department over how to approach the ongoing dispute between the United States' Gulf allies are reaching a boiling

WASHINGTON POST - 2017-09-20 06:16:00

Blankfein Says Saudi Arabia Must Find Way to Lure Expat Workers

Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said Saudi Arabia must address cultural differences with the West to attract more foreign workers as it seeks to diversify its economy away from oil. "Nobody has done this without attracting a lot of expats and a lot of people," Blankf

BLOOMBERG - 2017-09-20 19:28:29

Sanders: U.S. must condemn atrocities in Yemen

FILE - In this May 14, 2012 file photo, King Salman, left, speaks with his son, now Crown Prince Mohammed Bin Salman, as they wait for Gulf Arab leaders ahead of the opening of Gulf Cooperation Council, in Riyadh, Saudi Arabia. The arrests of apparent Islamist sympathizers and critics of the crown p

UNIVERSITY DAILY KANSAN - 2017-09-20 14:30:00

Could 4 Mbpd Of Oil Demand Really Disappear?

Over 4 million bpd of oil demand is essentially artificial, created by subsidies in producing nations. These subsidies are an endangered species in the new era of lower oil prices, which makes them unaffordable. Withdrawing such subsidies could set off a chain reaction, depressing budgets still furt

SEEKINGALPHA.COM - 2017-09-20 19:23:55

Saudi Arabia Enters the Entertainment World with $2.7-B Investment

Saudi Arabia's sovereign wealth fund is creating an entertainment investment company as the conservative Kingdom loosens it reins on the fun zone. The Kingdom's Public Investment Fund announced Wednesday it will develop the new company with an initial capitalization of $2.7-B Its aim will be to prov

LIVETRADINGNEWS.COM - 2017-09-21 02:51:37

Facebook use has plummeted in the Middle East, survey says

A new survey from Northwestern University in Qatar offers some interesting findings about media consumption habits and patterns in Middle Eastern countries. Ongoing since 2013, the survey has tracked news consumption trends, social media use, how citizens use the internet, and a flurry of other digi

FAST COMPANY - 2017-09-20 20:42:43

Can Congo Become The Saudi Arabia Of Lithium?

AVZ Minerals is the majority owner of potentially one of the world's largest lithium-rich pegmatite deposits. So far, exploration results suggest that AVZ can be sitting on up to 800 million tonnes of high-grade lithium concentrate. With such reserves, AVZ is poised to become a lithium industry game

SEEKINGALPHA.COM - 2017-09-20 21:00:28

Report: Iran group hacks aviation, petrochemical industries

DUBAI, United Arab Emirates (AP) - A group of hackers suspected of working in Iran for its government is targeting the aviation and petrochemical industries in Saudi Arabia, the U.S. and South Korea, a cybersecurity firm warned Wednesday. The report by FireEye also said the suspected Iranian hackers

TIMES UNION - 2017-09-21 00:50:10

The 'new' Saudi Arabia is still a dungeon

Opinion Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Saudi Crown Prince Mohammed bin Salman. (Saudi Press Agency/Handout via Reuters) ONCE AGAIN, news from Saudi Arabia points toward the old thinking and not the m

WASHINGTON POST - 2017-09-20 11:55:00

Abu Dhabi targets IPOs worth $5 billion ahead of Saudi Aramco

Reuters. FILE PHOTO: Employees are seen in the offices at the National Bank of Abu Dhabi headquarters By Saeed Azhar and Stanley Carvalho DUBAI/ABU DHABI (Reuters) - Abu Dhabi is hoping to fast-track at least $5 billion (3.7 billion pounds) of stock market listings by state-backed companies next ye

INVESTING.COM - 2017-09-20 09:43:45

U.S. aviation company targeted by Iranian hackers, FireEye says

SAN FRANCISCO - A suspected Iranian hacking group has been targeting aviation and energy companies in the United States, Saudi Arabia and South Korea since 2013, computer security company FireEye said in a report released Wednesday. The group seems largely to have engaged in stealth spying to give

USA TODAY - 2017-09-20 19:19:13

Saudi Arabia lifts ban on Skype, WhatsApp, and other messaging apps

Saudi Arabia is lifting a year-long ban on Skype and other services like WhatsApp and Snapchat, effective at 8PM ET today. According to a statement from Saudi Arabia's telecommunications authority posted on Twitter, any voice and video apps that meet the rules will be allowed. In the context of Saud

THE VERGE - 2017-09-20 19:50:07

Saudi Plans $2.7 Billion Entertainment Firm as Kingdom Opens Up

Saudi Arabia's sovereign wealth fund is setting up a company to invest in local entertainment, as the conservative kingdom tentatively opens up and pursues a long-term strategy to reduce its reliance on oil. The company will have an initial capitalization of 10 billion riyals ($2.7 billion) and "act

BLOOMBERG - 2017-09-20 09:32:53