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Search resuls for: "Saudi Arabia's Crown Prince Mohammed bin Salman"


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March 12 (Reuters) - Most stock markets in the Middle East ended lower on Sunday, with the Egyptian bourse leading the declines, in response to Friday's fall in global shares over fears of contagion following the collapse of Silicon Valley Bank (SVB) (SIVB.O). The startup-focused lender became the largest bank to fail since the 2008 financial crisis on Friday, roiling global markets and leaving billions of dollars belonging to companies and investors stranded. In Qatar, the index (.QSI) slid 1.6%, as almost all the stocks were in negative territory including Qatar Islamic Bank (QISB.QA), which tumbled 3.9%. Saudi Arabia's benchmark index (.TASI) dropped 0.8%, weighed down by a 1.7% fall in Al Rajhi Bank (1120.SE) and a 0.8% decrease in Retal Urban Development CO (4322.SE). Outside the Gulf, Egypt's blue-chip index (.EGX30) tumbled 3.1%, with 28 of thirty one stocks on the index trading red, including top lender Commercial International Bank (COMI.CA), which was down 1.8%.
Feb 4 (Reuters) - Ex-Australia international and former FIFA Council member Moya Dodd has accused soccer's governing body of a lack of understanding of the women's game amid reports Saudi Arabia's tourism authority will sponsor the Women's World Cup. Australia and New Zealand, co-hosts of this year's tournament, wrote to FIFA on Wednesday seeking urgent clarification after the Guardian reported Visit Saudi will be named as a major sponsor of the event. "For FIFA to tell LGBTQ players and fans they should 'Visit Saudi' is to send them to a jurisdiction where they are regarded as criminals. FIFA and Visit Saudi have declined to comment on sponsorship of the World Cup, which will be held from July 20 to Aug. 20. "If FIFA is seriously proposing to these fans and players that they should 'Visit Saudi', then they profoundly misunderstand either their own community, or the laws in Saudi Arabia."
In 2022, Saudi Arabia sought closer ties with Russia and China. Russia's President Vladimir Putin (R) and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 Leaders' Summit in Buenos Aires, on November 30, 2018. Analysts say that US criticism of Saudi Arabia's human-rights record and its suppression of domestic dissent infuriate Riyadh. Crown Prince Mohammed has more affinity with the ideology of fellow strongmen Xi or Putin than with the US, said Alterman. "Saudi Arabia, China, and Russia all believe in the model of 'authoritarian stability'.
DUBAI, Dec 4 (Reuters) - Saudi Arabia's stock exchange said on Sunday it was launching a market-making framework for its stock and derivatives markets to help ensure liquidity and raise price-determination efficiency. Entities must be exchange members, derivatives exchange members or their clients to be market makers. "Market Makers have to ensure the availability of liquidity for a listed security by providing continuous quotes throughout market open session," the Saudi Exchange, also known as Tadawul, said. "The Saudi Exchange will monitor compliance with Market Maker obligations, and will provide incentives to the Market Maker after obligations are met." As of October, Tadawul was the world's ninth largest exchange by market capitalisation of listed companies at $2.86 trillion, just ahead of the London Stock Exchange, according to Statista.
"There is a big solidarity between us, Morocco, Tunisia, Qatar and Saudi Arabia. "Look at what Saudi Arabia and Morocco have done. We hope that it will be crowned with a Tunisian and Saudi victory today," he said. "It's a good feeling, the first time (a World Cup is hosted) in an Arabian country," said Ali Abbas Moussa, a 30-year-old pharmacist from Iraq. Some Arab leaders attending the World Cup have echoed the sense of pan-Arab solidarity during matches.
SEOUL, Nov 17 (Reuters) - South Korean and Saudi Arabian leaders pledged stronger ties on Thursday in the fields of energy, defence industry and building projects, as the oil-rich kingdom signed investment agreements worth $30 billion with South Korean companies. "In particular, he said he would like to drastically strengthen cooperation with South Korea in the areas of defence industry, infrastructure and construction," Yoon's office said. Saudi-based Asharq TV quoted the kingdom's investment minister as saying deals signed on Thursday were worth $30 billion. "The (South Korean) government will actively support the successful implementation of cooperative projects which apply Korea's state-of-the-art architecture ... in NEOM," said South Korea's trade minister, Lee Chang-yang. Shares in Lotte Fine Chemical (004000.KS), which signed an agreement for chemical industry cooperation with the Saudi Ministry of Investment, rose 2.1%.
Factbox: G20 summit: Which leaders will attend Bali summit?
  + stars: | 2022-11-12 | by ( ) www.reuters.com   time to read: +5 min
It will also mark the first face-to-face meeting between U.S. President Joe Biden and Chinese President Xi Jinping since Biden became president. CHINA'S PRESIDENT XI JINPINGXi's visit to Southeast Asia will be only his second foreign trip since the beginning of the COVID-19 pandemic. UKRAINE'S PRESIDENT VOLODYMYR ZELENSKIY (VIRTUAL)Indonesia invited Zelenskiy to attend the summit as an obsever, although the Indonesian foreign ministry has said he will appear at the summit virtually. INDIAN PRIME MINISTER NARENDRA MODIModi is due to symbolically take over the G20 presidency from current chair Indonesian President Joko Widodo in Bali. He also committed to work closely with the Indonesian president to help deliver a successful summit.
CAIRO, Nov 3 (Reuters) - Saudi Arabia's crown prince Mohammed bin Salman has launched Ceer, the first Saudi electric vehicle brand, expected to be available in 2025, the state news agency (SPA) reported on Thursday. Ceer will attract over $150 million of foreign direct investment and is projected to directly contribute $8 billion to the kingdom's GDP by 2034, SPA added. The company is a joint venture between Saudi Public Investment Fund (PIF) and Hon Hai Precision Industry Co. (Foxconn), SPA said. Reporting by Alaa Swilam; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
White House officials believed they'd struck a secret oil deal with Saudi Arabia, per NY Times. The Saudi decision to cut oil output before the midterms angered the White House, per NY Times. Saudi Arabia also enraged Democratic lawmakers and White House officials earlier this month by announcing plans to cut production along with Russia and other OPEC nations, pushing up oil prices. Biden has said there will be consequences for Saudi Arabia as a result of the decision, without specifying what they might be. The White House did not immediately respond to Insider's request for comment.
MBC, which in March 2018 scrapped Turkish programmes including soap operas popular with Arab audiences, said in a statement that the deal would allow it to exclusively host content from Medyapim and Ay Yapim production houses, and produce original Arabic-language content in Saudi Arabia. Saudi Arabia and Turkey were at loggerheads during the 2011 "Arab Spring" over Ankara's support for political Islamist groups deemed a threat to the region's system of rule. MBC said Medyapim and Ay Yapim's content would be available to MBC channels and its online Shahid platform on their airing dates in Turkey. MBC will work with Medyapim and Ay Yapim to co-develop and commission a number of Arabic-language productions, scheduled to begin filming in Saudi Arabia and in the region in the coming years, it added. Medyapim and Ay Yapim dominate the TV industry in Turkey and beyond with prime-time shows that conquered Turkic countries, the Middle East and Latin America.
Register now for FREE unlimited access to Reuters.com RegisterABU DHABI, Sept 25 (Reuters) - German Chancellor Olaf Scholz said on Sunday that he had seen progress in talks to buy liquefied natural gas (LNG) and diesel from the United Arab Emirates (UAE). Germany, until recently heavily dependent on Russia for gas, has been seeking to diversify its energy supply since Russia invaded Ukraine in February. Scholz, on a two-day trip to the Gulf region with executives from Germany industry, did not provide details on the talks with the UAE. On Saturday, Scholz held talks in Jeddah with Saudi Arabia's Crown Prince Mohammed bin Salman. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andreas Rinke; Writing by Tom Sims; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.com RegisterJEDDAH, Sept 24 (Reuters) - German Chancellor Olaf Scholz said on Saturday after a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman that he wants to deepen the energy partnership between the two countries. Speaking to reporters, Scholz said that the partnership should go beyond fossil fuels to include hydrogen and renewable energies. Germany, until recently heavily dependent on Russia for gas, has been seeking to diversify its energy supply since Russia invaded Ukraine in February. Khashoggi's killing at the Saudi consulate in Istanbul four years ago triggered a global outcry and put pressure on Saudi Arabia's de facto ruler. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andreas Rinke, Writing by Tom Sims, Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
Saudi crown prince meets with Turkish officials- SPA
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterSaudi Crown Prince Mohammed bin Salman looks on during a signing ceremony at the Maximos Mansion, in Athens, Greece, July 26, 2022. REUTERS/Louiza VradiSept 24 (Reuters) - Saudi Arabia's Crown Prince Mohammed bin Salman met with Turkey's Finance Minister Nureddin Nebati and Ibrahim Kalin, Turkish President Tayyip Erdogan's spokesman and chief foreign policy adviser, in Jeddah on Saturday, Saudi state news agency SPA reported. Turkey is hoping for a currency swap deal with Saudi Arabia, after it established one with the United Arab Emirates earlier this year. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nayera Abdallah Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
India, Saudi Arabia discuss rupee-riyal trade
  + stars: | 2022-09-19 | by ( Idrees Ali | ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterSaudi Arabia's Crown Prince Mohammed bin Salman speaks at a meeting with Indian Prime Minister Narendra Modi as he looks on, at Hyderabad House in New Delhi, India, February 20, 2019. REUTERS/Adnan AbidiNEW DELHI, Sept 19 (Reuters) - The Indian government said on Monday that it had discussed the feasibility of institutionalising rupee-riyal trade with its South Arabian counterpart. Both governments reaffirmed cooperation in joint projects including a refinery in western India, LNG infrastructure investment and development of strategic petroleum storage facilities in India, the statement added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tanvi Mehta; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
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