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☆ Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
  + stars: | 2024-04-23 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +5 min
Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.
Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States
☆ Dubai is the economic jewel of the Middle East — now its Gulf neighbors are coming for a piece of the pie
  + stars: | 2024-02-03 | by ( Pete Syme | Beatrice Nolan | ) www.businessinsider.com   time to read: +8 min
According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.
Persons: —, Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia
☆ The slowdown wasn't expected last year, Saudi minister Faisal AiIbrahim says
  + stars: | 2024-01-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe slowdown wasn't expected last year, Saudi minister Faisal AiIbrahim saysFaisal Alibrahim, Saudi Arabia's minister of economy and planning, discusses how the non-oil economy has been growing steady in Saudi Arabia, "that is what we really care about."
Persons: Faisal AiIbrahim, Faisal Alibrahim Organizations: Saudi Locations: Saudi, Saudi Arabia
☆ Watch CNBC's full interview with Saudi Arabia's Economy Minister Faisal Alibrahim
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Saudi Arabia's Economy Minister Faisal AlibrahimFaisal Alibrahim, Saudi Arabia's minister of economy and planning, speaks to CNBC's Dan Murphy from the Financial Sector Conference in Riyadh about the Kingdom's Shareek program, Vision 2030 and the agreement to normalize ties with Iran.
☆ We want our economy to detach itself from the fluctuations of the oil market: Saudi minister
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want our economy to detach itself from the fluctuations of the oil market: Saudi ministerFaisal Alibrahim, Saudi Arabia's minister of economy and planning, discusses the country's plan to decouple its economy from oil by 2030.
☆ Saudi-Iranian deal paves way for more discussion and dialogue, Saudi minister says
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaudi-Iranian deal paves way for more discussion and dialogue, Saudi minister saysFaisal Alibrahim, Saudi Arabia's minister of economy and planning, says, however, that it's "too soon to tell" if Saudi Arabia will help Iran commercialize its oil reserves.
☆ The global tax deal won't help countries to change their tax rates, economist says
  + stars: | 2023-01-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe global tax deal won't help countries to change their tax rates, economist saysA panel moderated by CNBC's Joumanna Bercetche discusses the challenges of global tax reform. Zainab Shamsuna Ahmed, minister of finance for Nigeria, Mathias Cormann, secretary-general at the OECD, Gabriel Zucman, director at the EU Tax Observatory, and Faisal Alibrahim, minister of economy and planning of Saudi Arabia, joined the panel.
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