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☆ All projects are moving full steam ahead in Saudi Arabia, economy minister says
▼ + stars: | 2024-04-29 | 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 EmailAll projects are moving full steam ahead in Saudi Arabia, economy minister saysFaisal Al Ibrahim, the Saudi economy minister, tells CNBC's Dan Murphy "all projects are moving full steam ahead," after reports indicate some megaprojects will be scaled back.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy Locations: Saudi Arabia, Saudi

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ Saudi Arabia’s focus is on non-oil growth and momentum is strong, economy minister says
▼ + stars: | 2024-04-29 | 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 Arabia’s focus is on non-oil growth and momentum is strong, economy minister saysFaisal Al Ibrahim, Saudi Arabia’s minister of economy and planning, discusses the economic impact of geopolitical tensions in the Middle East and provides an update on the kingdom’s Vision 2030 initiative.

Persons: Faisal Al Ibrahim, Saudi Organizations: Saudi

☆ 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

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

☆ UAE's Edge chairman discusses deal with Italian shipbuilder Fincantieri
▼ + stars: | 2024-02-22 | 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 EmailUAE's Edge chairman discusses deal with Italian shipbuilder FincantieriUAE defense conglomerate Edge Group and Italian shipbuilder Fincantieri have launched a joint venture. Faisal Al Bannai, Edge chairman, discusses its global ambitions.

Persons: Fincantieri, Faisal Al Bannai Organizations: Edge Group, Edge Locations: UAE

☆ Israel Presents Video Allegedly Showing UN Aid Worker Taking Body of Israeli on Oct. 7
▼ + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

JERUSALEM (Reuters) - A video made public by Israeli officials allegedly shows a U.N. relief worker loading the limp body of a shot Israeli man into the back of an SUV and driving away from a southern Israeli village during Hamas' Oct. 7 cross-border attack. Jonathan Fowler, an UNRWA spokesperson, said in response to the video: "It is not possible for UNRWA to verify the footage or photographs and ascertain who the person is. In the CCTV footage, a white SUV drives into Kibbutz Be'eri, one of the communities hardest hit on Oct. 7. A screen shot of the video was posted on X by an Israeli military spokesperson and a clip of it was posted by a Foreign Ministry official. Reuters did not and could not independently verify the identities of the men in the video.

Persons: Faisal Ali Mussalem Al Naami, Jonathan Fowler, Kibbutz, Yoav Gallant, Ari Rabinovitch, Nidal, Giles Elgood Organizations: Washington Post, United Nations Relief Works Agency, UNRWA, UN, Be'eri, Foreign Ministry, Reuters, Israeli Locations: JERUSALEM, Gaza, Israel, Kibbutz Be'eri

☆ 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 Israeli-Palestinian Conflict and the Long Shadow of 1948
▼ + stars: | 2024-02-01 | by ( Emily Bazelon | A Discussion Moderated Emily Bazelon | ) www.nytimes.com time to read: +18 min

In 1948, Jews realized their wildly improbable dream of a state, and Palestinians experienced the mass flight and expulsion called the Nakba, or catastrophe. It’s only in 1948 that the Arabs become Palestinians and the Jews become Israelis. Many Jews became lower-level officers during World War II, and they brought their new military expertise to the 1948 war. Zoltan Kluger/GPO, via Getty Images Palestinian bombers destroyed buildings on Ben Yehuda Street in Jerusalem in March 1948. Bettmann/Getty Images A Palestinian refugee cut off from her home by the border established after the 1948 war.

Persons: Matson, —, Khalil Raad, Yaakov Ben Dov Delegates, Haj Amin al, Husseini, ”, It’s, Avraham Avinu, David, Fox, King David Hotel, David Ben, Gurion, “, Hitler, Hans Pinn, Abd al, Qadir al, Chalil, Zoltan Kluger, Ben Yehuda, Hugo H, Mendelsohn, John Phillips, Palestine ”, UNSCOP, Bettmann, Ruth Orkin, David Seymour, Jordan, Israel, Abdullah, Nadim, Leena Dallasheh, Abigail Jacobson, Moshe Naor, ” Derek Penslar, ” Itamar Rabinovich, Salim Tamari, Emily Bazelon, Herzl, Faisal Al, Hashemi, James Russell &, Bain, Jabotinsky, Abraham Pisarek, Weizmann, Heinrich Hoffmann Organizations: Congress, Institute for Palestine, Palestinian, . Institute for Palestine, Matson, Palestine, Getty, of Congress British, Peel, Zionist, Jewish, British Armed Forces, Allied, King, of Congress Women, Hulton, Biltmore, British, Agence France, Getty Images, Refugees, West Bank, Shutterstock, United Nations, League of Nations, United, United Nations Jewish, Madver, The, Palestine Studies, Columbia University, Columbia University , New York University, Rice University, Islamic, Hebrew University of Jerusalem, Center for Jewish Studies, Harvard University, Tel Aviv University, Birzeit University, Institute for Palestine Studies, The New York Times Magazine, James Russell & Sons, of Congress, Israel, Ben, General Photographic Agency, Society, International Affairs Locations: Palestine, City, Jerusalem, Canadian American, Israel, British, Jaffa, Damascus, Old City, Hebron, Safed, Europe, Arab, North Africa, New York City, Middle Eastern, Haifa, Cyprus, Jenin, U.S, United Nations, Iraq, Tel Aviv’s Lod, Lebanon, Eyal, el Bared, Egypt, Syria, Gaza, Tel Aviv, Ashdod, Palestinian, United States, Qatar, Iran, Columbia University ,, Nazareth, Israeli, Husseini

☆ 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

☆ UAE defense conglomerate Edge speaks about its latest technology
▼ + stars: | 2023-11-17 | 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 EmailUAE defense conglomerate Edge speaks about its latest technologyFaisal Al Bannai, Edge Group chairman, speaks to CNBC's Dan Murphy at the Dubai Airshow.

Persons: Faisal Al Bannai, CNBC's Dan Murphy Organizations: UAE, Edge, Edge Group, Dubai Airshow

☆ Lebanon and Palestine draw 0-0 in World Cup qualifier held in UAE
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Nov 16 (Reuters) - Palestine drew 0-0 with Lebanon on Thursday in a World Cup qualifier played without fans in the United Arab Emirates due to the Israel-Gaza conflict. Despite starting official training only four days ago, the Palestinians started the game well. Karim Darwich missed a good chance for Lebanon three minutes into the second half and Palestine, ranked 94th by FIFA, had a Tamer Seyam shot saved by Lebanon goalkeeper Moustafa Matar. Lebanon's Ali Al Haj shot into the side netting after 87 minutes before Matar saved Oday Dabbagh's close-range shot with his out-stretched leg in the final minute. The Palestinians usually host games at Al-Ram's Faisal Al-Husseini Stadium on the West Bank but they will meet Australia next in Kuwait on Nov. 21.

Persons: Hassan Maatouk, Atta Gaber, Karim Darwich, Moustafa Matar, Lebanon's Ali Al Haj, Matar, Oday Dabbagh's, Ram's Faisal Al, Ashraf Hamed Atta, Toby Davis Organizations: United, Palestinian, FIFA, Al, West Bank, Australia, Thomson Locations: Palestine, Lebanon, Emirates, Israel, Gaza, Beirut, Sharjah, Asia, Kuwait

☆ Gaza conflict takes toll on Palestinian players, says PFA official
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Smoke rises in Gaza, as seen from southern Israel, amid the ongoing conflict between Israel and the Palestinian group Hamas, November 16, 2023. The match is being played in neutral venue of Sharjah, in the United Arab Emirates, because of the conflict. "Everything changed after Oct. 7 with the start of the conflict in Gaza," Palestine Football Association (PFA) media manager Ahmed Rajoub told the National media outlet. "All sporting activities stopped completely in Palestine, and the football team was forced to move to Jordan. "We just can't get the players focused on the game when people are killed and injured every day since the conflict started," he said.

Persons: Alexander Ermochenko, Ram's Faisal Al, Ahmed Rajoub, Khalid, Mohammed, Rajoub, Mohammed Rashid, Rashid, Pearl Josephine Nazare, Robert Birsel Organizations: Palestinian, Hamas, REUTERS, Lebanon, United Arab, Al, West Bank, Palestine Football Association, National, Thomson Locations: Gaza, Israel, Sharjah, United Arab Emirates, Beirut, Australia, Palestine, Jordan, Lebanon, UAE, Kuwait, Bengaluru

☆ Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts
▼ + stars: | 2023-10-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

The Saudi National Bank headquarters and other buildings in Riyadh. Bloomberg | Bloomberg | Getty ImagesRIYADH — Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. In a bold surprise move back in February 2021, the Saudi government announced that it would, by 2024, cease doing business with any international companies whose regional headquarters were not based within the country. The news stunned investors and expat workers, many of whom saw the move as a shot at Dubai, the United Arab Emirates commercial capital that is home to the highest concentration of Middle East regional headquarters. Faisal Al Ibrahim, Saudi minister of economy and planning, told CNBC that the plan is still going ahead and discussed how the kingdom aims to support foreign companies with the change.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, that's, Prince Mohammed bin Salman, Saudi Arabia — Organizations: Saudi National Bank, Riyadh . Bloomberg, Bloomberg, Getty, United Arab Emirates, East, CNBC, Future Investment Initiative, Saudi Arabia's Public Investment Fund Locations: Riyadh ., RIYADH, Saudi Arabia, Saudi, Dubai, Riyadh

RIYADH, Saudi Arabia (AP) — U.S. Secretary of State Antony Blinken called Saturday for protection for civilians in both the Gaza Strip and Israel as the Israeli military ordered half of the Palestinian territory's population to evacuate in advance of an expected ground assault. Both stressed the importance of minimizing the harm to civilians as Israel prepared for an anticipated incursion against Hamas a week after the militant group's unprecedented attack in Israel. "None of us want to see suffering by civilians on any side, whether it’s in Israel, whether it’s in Gaza, whether it’s anywhere else." Prince Faisal said Saudi Arabia is committed to the protection of civilians. After his meeting in Abu Dhabi, Blinken plans to return to Saudi Arabia and then to travel on Sunday to Egypt.

Persons: Antony Blinken, Blinken, Prince Faisal bin Farhan, Israel, ” Blinken, “, Prince Faisal, ”, ” Faisal, ___ Baldor Organizations: —, Gaza, United Arab Emirates, Organization of Islamic Cooperation Locations: RIYADH, Saudi Arabia, Israel, Saudi, Riyadh, it’s, Gaza, U.S, Egypt, Qatar, Palestinian, Jeddah, Abu Dhabi, Jordan, Bahrain

☆ Saudi bourse tracks oil prices lower, Egypt extends losses
▼ + stars: | 2023-10-01 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser/File Photo Acquire Licensing RightsOct 1 (Reuters) - Saudi Arabia's stock market ended lower on Sunday in response to Friday's fall in oil prices, while the Egyptian index extended loses on profit-taking. Saudi Arabia's benchmark index (.TASI) fell 0.1%, extending losses from the previous session, weighed down by a 0.9% fall in oil giant Saudi Aramco (2222.SE). Oil prices - a key catalyst for the Gulf's financial markets - settled 1% lower on Friday due to macroeconomic concerns and profit-taking. Saudi Arabia is expected to tap the international debt markets to finance a projected budget deficit in 2023-2024, the finance ministry said, against a backdrop of lower oil prices and the country's extended oil production cuts.

Persons: Faisal Al Nasser, Ateeq, David Holmes Organizations: REUTERS, Saudi, Saudi Aramco, Qatar National Bank, Qatar bourse, Banking, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Qatar, Ateeq Shariff, Bengaluru

A view shows the construction of the King Abdullah Financial District, north of Riyadh, Saudi Arabia April 11, 2016. REUTERS/Faisal Al Nasser/File Photo Acquire Licensing RightsDUBAI, Sept 6 (Reuters) - The International Monetary Fund (IMF) expects GDP growth in Saudi Arabia to slow further from the currently forecast 1.9% to reflect the latest extension of oil production cuts, an IMF official said, even as non-oil growth is seen remaining strong. But cuts to production this year and lower prices have hit oil revenues and will weigh on growth. The IMF forecasts non-oil GDP growth at 4.9% this year. The IMF said the outlook for Saudi Arabia was positive and that risks remained balanced.

Persons: King, Faisal Al Nasser, Mati, Prince Mohammed bin Salman, Rachna Uppal, Yousef Saba, Andrew Cawthorne, Andrea Ricci, Nick Macfie Organizations: King Abdullah Financial District, REUTERS, Rights, Monetary Fund, Reuters, Saudi, IMF, Government, Thomson Locations: Riyadh, Saudi Arabia, Rights DUBAI, Saudi, Aramco, Russia

☆ Saudi crown prince meets Iran's foreign minister as relations thaw
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

Footage of the meeting on Iranian state media showed MbS and Amirabdollahian smiling as they spoke, while Prince Faisal and the Iranian delegation looked on. Saudi state news agency SPA said they discussed international and regional developments. [1/3]Saudi Crown Prince, Mohammed bin Salman meets with Iranian Foreign Minister Hossein Amir-Abdollahian in Jeddah, Saudi Arabia August 18, 2023. Prince Faisal visited Tehran in June and said he hoped Iranian President Ebrahim Raisi would visit the kingdom at the "appropriate time". Saudi Arabia had meanwhile lost confidence in U.S. commitment to shared regional security concerns and wanted to bolster ties with China, which has retained good relations with Iran.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman, Hossein Amirabdollahian, Amirabdollahian, Prince Faisal bin Farhan, Mohammed bin Salman, Prince Faisal, Saudi Crown Prince, Hossein Amir, Ebrahim Raisi, Ayatollah Ali Khamenei, General Antony Blinken, Angus McDowall, Mark Potter, Conor Humphries Organizations: Saudi Arabian Crown, Saudi, MbS, Saudi Crown, Iranian, Iran's Foreign, West Asia News Agency, REUTERS Acquire, Iran's, U.S, Dubai Newsroom, Thomson Locations: DUBAI, Saudi, Jeddah, United States, Iraq, Syria, Lebanon, Yemen, Bahrain, Abdollahian, Saudi Arabia, China, Tehran, Iran, Ukraine, Beijing, East

☆ Saudi Arabia urges improved maritime security in Gulf as ties with Iran resume
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

June 17 (Reuters) - Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-time rival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday. The kingdom broke ties with Iran in 2016 after protesters attacked the Saudi embassy in Tehran in retaliation for Riyadh's execution of a prominent Shiite cleric. Iran has recently been trying to mend its strained ties with several Gulf Arab states. Saudi Arabia's rapprochement with Iran has left Israel largely alone as it has sought to isolate Iran diplomatically. The United Arab Emirates, which was the first Gulf Arab country to sign a normalisation agreement with Israel in 2020, resumed formal relations with Iran last year.

Persons: Prince Faisal bin Farhan, Prince Faisal, Hossein Amirabdollahian, Ebrahim Raisi, Amirabdollahian, Hatem Maher, Aziz El Yaakoubi, Mark Heinrich, Louise Heavens, Mike Harrison Organizations: Foreign, United, United Arab Emirates, Israel, Thomson Locations: Saudi Arabia, Iran, China, Gulf, Yemen, Syria, Lebanon, Tehran, Saudi, Hormuz, United States, Israel, United Arab, Arab, Bahrain, Morocco, UAE, Cairo, Riyadh, Dubai

☆ 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.

☆ There's been a 'significant' rise in international demand for our products: UAE defense group
▼ + stars: | 2023-02-24 | 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 EmailThere's been a 'significant' rise in international demand for our products: UAE defense groupFaisal Al Bannai, chairman of the board of directors of UAE's leading defense group Edge, says it's "not focused on the lower end of the market."

☆ 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.

☆ Arab fans unite after surprise wins in Qatar
▼ + stars: | 2022-11-29 | by ( Muath Freij | ) www.reuters.com time to read: +3 min

That chance to make history has forged a sense of solidarity among Arab supporters in Doha. "When Saudi Arabia play I am Saudi and when Morocco play, all the Arab people..." said Mansouri "...are Moroccans!" Mansouri said it felt as if Morocco and Saudi Arabia were both playing on home ground in Qatar, something which may have helped them reach new heights. All Arab and Gulf people support any (Arab) team," said Saudi supporter Khaled al-Asaimi, echoing the tone set by the leaders of Qatar and Saudi Arabia at the start of the tournament. Tensions between the two neigbours led Saudi Arabia and its allies to declare a travel and trade embargo on Qatar in 2017, a move only rescinded last year.

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