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☆ Saudi Arabia's wealth fund hires banks for debut green bonds
▼ + stars: | 2022-09-27 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterDUBAI, Sept 27 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan (JPM.N) to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday. Sources told Reuters earlier this month that PIF would issue the long-planned green bonds this month or in October. Register now for FREE unlimited access to Reuters.com RegisterA debut issuance in tranches of five, 10 and potentially a longer-dated tenor will follow, subject to market conditions. "PIF is acting as the key vehicle to achieve KSA (the Kingdom of Saudi Arabia) green aspirations," the presentation said, referring to an ambitious economic reform agenda to wean the economy off oil. read more($1 = 3.7620 riyals)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yousef Saba; Editing by Louise Heavens and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Germany's Scholz sees progress on LNG and diesel projects in UAE
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

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.

Videos show the moment two American veterans touched down on U.S. soil and were reunited with their families after being held hostage for three months by Russian forces. The two men were among ten foreign fighters captured by Russian forces in June after they traveled to Ukraine to aid in the war. They were held by Russian proxies in the contested Donbas region that remains at the center of the war. Dianna Shaw and Bunny Drueke, the aunt and mom of Drueke, said they were "thrilled" that he was finally free. The 10 foreign fighters included Drueke and Huynh, five British fighters, and one Moroccan, Swede and Croatian, according to the Saudi Ministry of Media.

☆ 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.

☆ Germany's Scholz seeks to deepen energy partnership with Saudi Arabia
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

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.

The crown prince of Saudi Arabia, Russian oligarch Roman Abramovich , and a top Ukrainian negotiator played key roles in months of talks that led to the release of more than 250 prisoners by Russia and Ukraine this week in a broader deal involving Turkey, according to U.S., Ukrainian and Saudi officials and others familiar with the negotiations. Mr. Abramovich personally accompanied 10 prisoners, including British and American detainees captured by Russia in Ukraine, onto a private jet that took them to Riyadh, Saudi Arabia, from Russia earlier this week, Saudi officials said. Other people familiar with the situation confirmed Mr. Abramovich’s involvement.

☆ Billionaire Russian oligarch Roman Abramovich met Saudi Prince Mohammed bin Salman to help broker a Russia-Ukraine prisoner swap, report says
▼ + stars: | 2022-09-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Russian oligarch Roman Abramovich and Saudi Prince Mohammed bin Salman met in late August. Their meeting helped broker a Ukraine-Russia prisoner swap announced Thursday, Bloomberg reported. In a major prisoner swap announced Thursday, Ukraine handed over 55 captives, including pro-Russian tycoon Viktor Medvedchuk. The Saudi, Ukrainian, and Russian governments did not immediately respond to separate requests for comment from Insider on the prisoner swap Friday. The Sun newspaper reported Thursday that Abramovich was on a private jet used to transport the freed foreign prisoners from Russia to Saudi capital Riyadh.

☆ Analysis: Saudi prince's Ukraine mediation signals 'useful' Russia ties - analysts
▼ + stars: | 2022-09-23 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +5 min

With Prince Mohammed's mediation, Russia on Wednesday released 10 foreigners it had captured in Ukraine, including five Britons and two Americans. He denied the Crown Prince had become involved to rehabilitate his reputation. U.S. citizens Alexander Drueke, 39, and Andy Huynh, 27, both from Alabama, are expected to leave Saudi Arabia within days, officials said. But Saudi Arabia has shown little readiness to join the effort to isolate Russia. U.S. National Security Adviser Jake Sullivan, Secretary of State Antony Blinken and British Prime Minister Liz Truss thanked the Saudi crown prince for his role.

Ten foreign fighters, including two Americans who joined the war effort in Ukraine before they were captured and held by Russian forces, were released Wednesday as part of an exchange of prisoners of war between Russia and Ukraine. The Saudi Ministry of Foreign Affairs said that Crown Prince Mohammed bin Salman and the Saudi government had successfully negotiated the release of the foreign fighters and transferred them to Saudi Arabia, where they were "facilitating procedures for their safe return home." The 10 foreign fighters are five British fighters, two Americans, and one Moroccan, Swede and Croatian, according to the Saudi Ministry of Media. U.K. Prime Minister Liz Truss said in a tweet that she was elated to hear that the British nationals had been released. They are believed to be the first Americans to be captured during the war between Ukraine and Russia.

☆ Russia releases 10 foreigners captured in Ukraine, after Saudi mediation, Riyadh says
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSRIYADH, Sept 21 (Reuters) - Russia on Wednesday released 10 foreign prisoners of war captured in Ukraine, following a mediation by Saudi Crown Prince Mohammed bin Salman, the Saudi foreign ministry said. "The relevant Saudi authorities received and transferred them from Russia to the kingdom and are facilitating procedures for their respective countries," the statement said. A Saudi official said they were five Britons, two Americans, a Croatian, a Morrocan and a Swedish national. Large numbers of foreigners have travelled to Ukraine to fight since Russia's Feb. 24 invasion. Some of them have been caught by Russian forces, along with other foreigners in the country who say they were not fighters.

☆ UK lawmaker says Aiden Aslin among prisoners released by Russian-backed forces -statement
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Video released June 8, 2022. Supreme Court of Donetsk People's Republic/Handout via REUTERS TV ATTENTIONLONDON, Sept 21 (Reuters) - British lawmaker Robert Jenrick on Wednesday said Aiden Aslin was among the prisoners released by Russia on Wednesday following a mediation by Saudi Crown Prince Mohammed bin Salman. "I am delighted that my constituent, Aiden Aslin, and the other British prisoners of war held captive by the Russian authorities have finally been released and are on their way back to the UK," Jenrick said in an emailed statement. Aslin was captured earlier this year then sentenced to death by a court in the self-proclaimed Donetsk People's Republic (DPR), one of Russia's proxies in eastern Ukraine. Register now for FREE unlimited access to Reuters.com RegisterReporting by William James Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

The move is unexpected, since Russian-backed separatists last month said there would be a trial of Azov personnel, who Moscow describes as Nazis. Register now for FREE unlimited access to Reuters.com RegisterIn a statement, Yermak said the freed prisoners included Azov commander Lieutenant Colonel Denys Prokopenko and his deputy, Svyatoslav Palamar. Also at liberty is Serhiy Volynsky, the commander of the 36th Marine Brigade of the Ukrainian Armed Forces. Earlier in the day, Saudi Arabia said Russia had released 10 foreign prisoners of war captured in Ukraine following mediation by Saudi Crown Prince Mohammed bin Salman. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Ljunggren Editing by Alistair Bell and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ Trump may be called to testify at ally's foreign agent trial, judge says
▼ + stars: | 2022-09-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

U.S. District Judge Brian Cogan in Brooklyn told several prospective jurors for Barrack's trial about the prospect of Trump testifying to gauge whether they might be biased against the defendant. Barrack raised money for Trump during the 2016 presidential campaign and chaired Trump's 2017 inaugural committee. Twelve jurors and four alternates are due to serve in the trial, which is expected to last about one month. Cogan dismissed one prospective juror who said she did not like Trump, prompting the judge to ask if she could set her feelings aside. the prospective juror asked.

☆ 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.

☆ The world's most powerful are gathered in London for Queen Elizabeth II's funeral. Here's who is — and isn't — there
▼ + stars: | 2022-09-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Wpa Pool | Getty Images Entertainment | Getty ImagesHundreds of global dignitaries are gathered in London Monday to attend the funeral of Queen Elizabeth II, marking a level of ceremony unseen in the U.K. for decades. Britain's King Charles III waves as he's driven down the Mall in London on September 19, 2022, ahead of the State Funeral Service of Britain's Queen Elizabeth II. - Leaders from around the world will attend the state funeral of Queen Elizabeth II. President of United States Joe Biden and Jill Biden arrive for the State Funeral of Queen Elizabeth II at Westminster Abbey on September 19, 2022 in London, England. Japan's Emperor Naruhito and his wife Empress Masako arrive at Westminster Abbey in London on September 19, 2022, for the State Funeral Service for Britain's Queen Elizabeth II.

As Russia bombs its neighbor, what has become the biggest European war since 1945 has had an outsized impact far south, in the Middle East. Here are four ways the Ukraine war has affected the Middle East over the last six months:Energy exporters are cashing inThe war has seen oil prices rise to as much as a 14-year high. Despite vowing to turn Saudi Arabia into a pariah, US President Joe Biden visited Saudi Arabia in a landmark trip last month. Saudi Arabia: #How_many_wives_would_you_takeSaudi men took to Twitter to ask each other how many wives they’d like to take. According to the 2019 report by the Doha International Forum called State of Marriage in the Arab World, information on polygamy in Saudi Arabia is not readily available.

☆ U.S. is ‘not going anywhere,’ Middle East envoy says, as China’s Xi expected to visit Saudi Arabia
▼ + stars: | 2022-08-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

watch nowU.S. President Joe Biden's administration on Friday disputed claims that a forthcoming visit by Chinese President Xi Jinping to Saudi Arabia signals America's waning influence in the Middle East, insisting that the U.S. is "not going anywhere." Reports emerged Thursday that Xi is to arrive in Saudi Arabia next week for a meeting with Crown Prince Mohammed bin Salman — the Chinese premier's first official foreign visit since 2020 — as Beijing and Riyadh seek to consolidate ties. US President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. "The United States is a vital partner to not only Saudi Arabia but each of the countries in the region," he said. That included convincing Saudi Arabia to extend and strengthen a U.N.-mediated truce and engaging in talks to end the war.

☆ Saudi Arabia Lures Executives to Neom With Million-Dollar Salaries, Zero Taxes
▼ + stars: | 2020-05-04 | by ( Rory Jones | ) www.wsj.com time to read: 1 min

Saudi Arabia’s megadevelopment Neom is paying senior executives roughly $1.1 million each annually, according to an internal Neom document, showing how the kingdom is using large pay packages to lure global talent to Crown Prince Mohammed bin Salman ’s national transformation plan. Neom is the most ambitious project in Saudi Arabia and one of dozens of real-estate developments and new companies set up to drive Prince Mohammed’s social and economic reforms. The kingdom is recruiting foreign executives to lead new industries—tourism, technology and entertainment—that were, until recently, largely nonexistent in the kingdom.

☆ Everything to know about Neom, the futuristic city project in Saudi Arabia critics fear could be a surveillance dystopia
▼ + stars: | 2019-09-23 | by ( Bill Bostock | Tom Porter | ) www.businessinsider.com time to read: +1 min

Saudi Arabia is building a futuristic mega-city called Neom deep in a desert bordering the Red Sea. But critics fear that sophisticated technology could be used to surveil residents. Saudi Arabia is building a futuristic mega-city 33 times the size of New York City from scratch. It's called Neom, a planned 16-borough city on the Red Sea coast in the northwestern Saudi province of Tabuk. As Insider reported, they believe that the Saudis could be preparing to use sophisticated Chinese surveillance technology to tightly monitor and control Neom's residents.

☆ ‘Unique’ Aramco IPO changes the dynamics of Saudi Arabia’s economy, stock market CEO says
▼ + stars: | 2018-05-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

"The Saudi Stock Exchange is as excited as everybody else with the listing of Aramco," Khalid Abdullah Al Hussan, CEO of the Saudi Stock Exchange, told CNBC's Hadley Gamble in Riyadh on Wednesday. watch nowThe world's largest initial public offering (IPO) will radically transform the way in which Saudi Arabia's economy operates, according to the chief executive of the Saudi Stock Exchange. So far, Saudi Arabia's Tadawul is the only confirmed listing exchange for state-owned energy giant, Saudi Aramco. "The Saudi Stock Exchange is as excited as everybody else with the listing of Aramco," Khalid Abdullah Al Hussan, CEO of the Saudi Stock Exchange, told CNBC's Hadley Gamble in Riyadh on Wednesday. "It is almost doubling the size of the Saudi market and that is definitely changing our position as far as size ... (And) will change the dynamics of how the Saudi capital market — as well as the economy — operates," he added.

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