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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
Aramco and Saudi ministry officials have previously advocated for ongoing investment in hydrocarbons to avoid energy shortages until renewables can fully meet global energy demands. Nasser's comments drew applause from the audience at CERAWeek — an annual energy conference by S&P Global that's known as the "industry's Super Bowl." Other oil and gas executives at the event echoed Nasser's views, but spoke less directly about the state of the energy transition. Separately, Exxon Mobil CEO Darren Woods on Monday said that demand for petroleum products is "still very, very healthy." And the impact that price has on demand," Woods told CNBC's "Squawk on the Street."
Persons: Amin Nasser, Nasser's, Wael Sawan, Darren Woods, hasn't, Woods, CNBC's Organizations: Aramco, Saudi, Shell, Reuters, Exxon Mobil Locations: Houston , Texas, Saudi Aramco, Europe
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But while the US enjoys overwhelming military superiority over the Houthis, defeating this tribal movement would be a nightmare. Case in point: Egypt tried to suppress the Houthis in the 1960s. Today's Houthis are attacking ships in the Red Sea – and hurling ballistic missiles at Israel – ostensibly in response to Israel's military operations in Gaza. Indeed the rebellion eased Israel's lightning victory in the 1967 Six-Day War, a fact that the Houthis have chosen not to publicize.
Persons: , Gamal Abdel Nasser, Jesse Ferris, Nasser's Gamble, Nasser, quagmire, Islam –, Yemen —, Ferris, Mohammed Hamoud, Israel –, Israel, Lawrence Organizations: Service, Business, Broadway, Israel Democracy Institute, Palestine, US, Royalists, British, Yemeni Locations: Yemen, Egypt, Vietnam, British, Zaidi, Islam, Arab, Soviet, Russia, America, Afghanistan, Gaza, Saudi, Britain, Israel, Iran
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. The Middle East, a region long known for its oil and gas riches, is investing in a new, more sustainable future potentially dominated by electric vehicles. The electric vehicle sector is booming in Israel, with electric vehicle deliveries in the first half of this year over 210% higher than the same period last year. "There's a growing recognition that countries need to do something on climate," said Tammy Klein, chairperson of the Electric Vehicle Council. "I think Middle Eastern countries are no different."
Persons: Larry Fink, Amin Nasser's, Tammy Klein, Klein, Robert Falck, we'll, " Falck Organizations: BlackRock, Saudi, Lucid, Gauss Auto, Marson Group, Electric Vehicle Council, EV, Einride, UAE Ministry of Energy, Infrastructure Locations: Saudi Arabia, Saudi Aramco, Israel, Bahrain, American, U.S, Europe, UAE, Sweden, It's, Abu Dhabi, Dubai, Sharjah
But he says ridding the nation of Saddam has just created anarchy for others to bleed the country dry. Under Saddam's rule minorities were tolerated and not singled out for their religious beliefs, but were oppressed if they opposed the government. After the fall of Saddam, they were targeted by Islamists for their religious beliefs and labelled apostates or devil worshippers. A CHRISTIAN: PASCALE WARDAWhen U.S.-led forces invaded, Iraqi Christian Pascale Warda was in London lobbying European leaders to depose Saddam. It was the same under Saddam," said Warda, who had several members of her family executed by the state.
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