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☆ Saudi's PIF pivot to domestic investment will help diversification: minister
▼ + stars: | 2024-10-31 | 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 sovereign wealth fund's pivot to domestic investment will help accelerate diversification: ministerFaisal Alibrahim, Saudi Arabia's minister of economy and planning, says the kingdom is planting the seeds for steady growth, and is using "these seeds to attract more capital."

Persons: Faisal Alibrahim Organizations: Saudi

☆ Watch CNBC's full interview with Saudi Arabia's minister of economy
▼ + stars: | 2024-06-26 | 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 minister of economyFaisal Alibrahim, minister for the economy and planning for Saudi Arabia, discusses trade and tech opportunities with China.

Persons: Faisal Alibrahim Organizations: Saudi Locations: Saudi Arabia, China

☆ Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
▼ + stars: | 2024-03-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude supply cuts until the end of the second quarter. Saudi Arabia will stretch out its voluntary crude production cut of 1 million barrels per day until the end of the second quarter, the state-owned Saudi Press Agency said Sunday, citing an official source from the country's Ministry of Energy. Riyadh's crude production will be approximately 9 million barrels per day until the end of June, the announcement said. Back in November, OPEC+ countries had held a formal policy of collectively reducing their output by 2 million barrels per day until the end of 2024. Unlike formal policy changes, voluntary cuts do not require the group's unanimous consent during an official meeting and bypass the need to distribute production cuts or increases among OPEC+ members.

Persons: Energy Prince Abdulaziz bin Salman al, Saud, Alexander Novak, —, Prince Abdulaziz bin Salman Organizations: Saudi, Energy, OPEC, Organization for, Petroleum, Saudi Press Agency, country's Ministry of Energy, Tass, Moscow, Google, INA, Hamas, Saudi Energy Locations: Vienna, Saudi Arabia, Russia, OPEC, Riyadh, Moscow, Russian, Iraq, UAE, Iran, Gaza, China, Aramco

☆ 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

☆ A strong Saudi Arabia is important for the region, finance minister 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 EmailA strong Saudi Arabia is important for the region, finance minister saysMohammed Al Jadaan, Saudi Arabia's minister of finance, says for the world and region’s economy to flourish, you need stability.

Persons: Mohammed Al Jadaan Organizations: Saudi Locations: Saudi Arabia

☆ 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

☆ Saudi Arabia says will host Arab and Islamic summits to discuss Gaza conflict
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Saudi Arabia's Minister of Investment Khalid Al Falih gestures during the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsSINGAPORE, Nov 8 (Reuters) - Saudi Arabia will host summits of Arab and Islamic nations in coming days to discuss the Israeli-Palestinian conflict, Saudi Arabia's investment minister said on Wednesday. "We will see, this week, in the next few days Saudi Arabia convening an emergency Arab summit in Riyadh," said Saudi investment minister Khalid Al-Falih, at the Bloomberg New Economy Forum in Singapore. "In a few days you will see Saudi Arabia convening an Islamic summit," he said. Falih also said Saudi Arabia would convene a summit with African nations, without specifying a date.

Persons: Investment Khalid Al Falih, Ahmed Yosri, Khalid Al, Ebrahim Raisi, Falih, Tom Westbrook, Maha El, Shri Navaratnam Organizations: Saudi, Investment, Future Investment Initiative, REUTERS, Rights, Bloomberg, Economy, of Islamic, Thomson Locations: Riyadh, Saudi Arabia, Rights SINGAPORE, Saudi, Singapore, of Islamic Cooperation, Iranian, Tehran, China, Maha El Dahan, Dubai

☆ We are making a lot of effort with our partners to deescalate unrest in region: Saudi minister
▼ + stars: | 2023-10-25 | 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 are making a lot of effort with our partners to deescalate unrest in region: Saudi ministerMohammed bin Abdullah Al-Jadaan, Saudi Arabia's minister of finance, says his country is making "a lot of effort" with partners to deescalate unrest in the region.

Persons: Mohammed bin Abdullah Al Organizations: Saudi Locations: Saudi

☆ First hydrogen train in Middle East to begin trials next week, Saudi energy minister says
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

Companies First Hydrogen Corp FollowRIYADH, Oct 8 (Reuters) - Saudi Arabia's Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week. "It will be on trial for next week, hopefully for the next few months.. We will have the first hydrogen train in the Middle East," the minister said, speaking at the UN MENA Climate Week in Riyadh. The minister also said that Saudi Arabia will be launching a "credible, transparent and adaptable domestic market mechanism" on Monday, without elaborating. Reporting by Aziz El Yaakoubi; Writing by Rachna Uppal; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Prince Abdulaziz bin Salman, Aziz El Yaakoubi, Rachna Uppal, Toby Chopra Organizations: First Hydrogen Corp, Saudi Arabia's Minister, Energy, Thomson Locations: RIYADH, UN, Riyadh, 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.

☆ 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.

☆ 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.

☆ Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start?
▼ + stars: | 2023-01-18 | by ( Shady Amir | ) www.reuters.com time to read: +3 min

Messi's Paris St Germain take on a combined Al Hilal-Al Nassr team in an exhibition match, giving Ronaldo and Messi a chance to rekindle their old 'El Clasico' rivalry when they played for Real Madrid and Barcelona, respectively. Mohammed Al-Jadaan, Saudi Arabia's Minister of Finance, had recently indicated that the door was open for moves by Saudi clubs to try and sign both of soccer's biggest stars. Messi and Ronaldo won every Ballon d'Or award from 2008-2017 until Real Madrid midfielder Luka Modric broke their hegemony and the Argentine has since won two more to lead 7-5 over his Portuguese rival in the race to be the world's best player. Should the Argentine move to Saudi Arabia, Thursday's encounter between the sport's two biggest stars of the modern era could signal the dawn of a new age in Asian football. Reporting by Shady Amir; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi energy minister sees no clear results yet from Russia price cap
▼ + stars: | 2022-12-11 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +3 min

[1/2] Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. "These tools were created for political purposes and it is not clear yet whether they can achieve these political purposes," he said, referring to the price cap. The OPEC+ alliance decision to cut production by 2 million barrels per day on Oct. 5 was proven to be the correct one when recent developments are taken into consideration, he said. Prince Abdulaziz said the alliance would continue to focus on market stability in the year ahead. He also said he insisted that every OPEC+ alliance member take part in decision-making.

☆ Saudi Arabia has a strong tourism market, but minister holds out hope for Chinese travelers
▼ + stars: | 2022-10-28 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Sprawling mountains in the south, redevelopment of the Red Sea's coastal jewel city Jeddah and a futuristic smart city NEOM by 2030 — these are just some of the highlights that Saudi Arabia's minister of tourism hopes will be the main draws for future tourists. The Arab kingdom has a "very strong domestic market" for tourism, Saudi Arabia's Minister of Tourism Ahmed Al Khateeb told CNBC's Dan Murphy on Wednesday on the sidelines of the Future Investment Initiative in Riyadh. The minister added that he hopes China eases Covid restrictions, which could lead to an influx of Chinese tourists. "We definitely have [a] very strong religious market, people visiting the two holy cities," Al Khateeb said.

☆ Watch CNBC's full interview with Saudi Arabia's Minister of Tourism Ahmed Al Khateeb
▼ + stars: | 2022-10-27 | 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 Minister of Tourism Ahmed Al KhateebAhmed Al Khateeb, Saudi Arabia's Minister of Tourism sits down with CNBC's Dan Murphy at the Future Investment Initiative conference in Riyadh to discuss the country's tourism numbers and strategy.

☆ Watch CNBC’s full interview with Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef
▼ + stars: | 2022-10-27 | 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 Minister of Industry and Mineral Resources Bandar AlkhorayefSaudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef speaks with CNBC's Dan Murphy about Saudi Arabia's latest supply chain investments and the outlook for the mineral resources sector at the Future Investment Initiative conference in Riyadh.

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