DIRS.INFO The most relevant business & tech news

U.S. Secretary of State Michael Pompeo speaks during a press conference with Iraq's Foreign Minister Fuad Hussein at the State Department in Washington on Aug. 19, 2020. A demonstrator holds a poster with a picture of Saudi journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, Turkey October 25, 2018. "And as even the New York Times reported, Khashoggi was cozy with the terrorist-supporting Muslim Brotherhood," Pompeo wrote. I confirm it to you," Khashoggi's widow, Hanan Elatr Khashoggi, told NBC News on Monday. Hanan Elatr Khashoggi Widow of journalist Jamal Khashoggi

☆ Why Egypt is asking its people to eat chicken feet
▼ + stars: | 2023-01-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +17 min

Abu Dhabi CNN —Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. In Egypt, chicken feet are seen as the cheapest of meat items, considered by most as animal waste rather than food. After the recommendation to switch to chicken feet, the price of one kilogram of the product reportedly doubled to 20 Egyptian pounds ($0.67). But those firms don’t operate like private companies, enjoying special privileges without disclosing their financial data to the public. Experts have questioned why international creditors had not leveraged their loans to drive Egypt’s military out of the economy.

☆ UAE will look to a world beyond OPEC
▼ + stars: | 2022-12-19 | by ( George Hay | ) www.reuters.com time to read: +3 min

The UAE has chafed at OPEC restrictions before, in 2020 and 2021. OPEC’s alliance with Russia, as part of the wider OPEC+ group, similarly risks lumping its members in with a wider anti-Western bloc. But ADNOC’s accelerated oil production timetable is arguably more in keeping with a different outlook, preferred by the International Energy Agency, whereby oil demand peaks much sooner. If MbZ were to use the COP28 conference to make that more explicit, it could push the UAE further away from OPEC. And quitting OPEC to pump more oil would be awkward while hosting a climate conference.

☆ US slaps down Saudi claim it helped secure Brittney Griner's release, undermining Riyadh's efforts to be a global power player
▼ + stars: | 2022-12-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US pushed back after Saudi Arabia and the UAE said they helped free Brittney Griner. The White House insisted that the only two parties to the prisoner swap were it and Russia. Saudi Arabia has repeatedly upset the US with attempts to take a bigger, independent global role. The Saudi Arabia and the UAE in a joint statement Thursday said that UAE President Sheikh Mohammed bin Zayed and Saudi Crown Prince Mohammed bin Salman had helped mediate the exchange. When asked about it at a White House press briefing, press secretary Karine Jean Pierre pushed back.

☆ China, Saudi Arabia stress importance of oil market stability as Xi visits Riyadh
▼ + stars: | 2022-12-09 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. China and Saudi Arabia stressed the importance of global oil market stability and Riyadh's role in achieving this balance, following a three-day Saudi visit by Chinese President Xi Jinping. China is the world's largest crude oil importer, while Saudi Arabia is the greatest exporter of such resources and chairs the influential OPEC+ producers' alliance. Xi met both King Salman bin Abdul-Aziz Al Saud and his heir, Crown Prince and Saudi Prime Minister Mohammed bin Salman, according to Chinese official news agency Xinhua. The Chinese head of state has extended an invitation for King Salman to visit China "at a mutually convenient time," the statement said.

DUBAI, Dec 8 (Reuters) - Saudi Arabia and China have signed memorandums of understanding on hydrogen energy and the encouragement of direct investment between the two states, state news agency (SPA) said on Thursday, during a state visit by Chinese President Xi Jinping to Riyadh. Xi and Saudi Crown Prince Mohammed bin Salman also signed an agreement for harmonization between the kingdom's 2030 vision and Beijing's belt and road initiative, SPA added. Reporting by Riham Alkousaa; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ China’s Xi Jinping Deepens Saudi Ties in Pivotal Trip
▼ + stars: | 2022-12-08 | by ( Stephen Kalin | ) www.wsj.com time to read: 1 min

RIYADH, Saudi Arabia—Chinese leader Xi Jinping met Saudi Crown Prince Mohammed bin Salman in a pivotal visit to the Middle East, where the world’s top oil importer deepened relations with the top exporter, in commercial agreements that included energy and technology deals but stopped short of explicitly expanding military cooperation. An honor guard welcomed the Chinese leader and Prince Mohammed greeted him with a handshake at the Saudi Royal Court on Thursday. Mr. Xi then met King Salman , and the two men signed a comprehensive strategic partnership agreement affording Riyadh top-tier status in China’s foreign relations. They pledged to visit each other every two years.

☆ China’s Xi gets a warm welcome from MBS in Riyadh
▼ + stars: | 2022-12-08 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +2 min

Saudi state TV showed a grand ceremony laid out for the Chinese leader, as bin Salman, the kingdom’s de facto ruler known as MBS, received him at Al-Yamamah Palace. Chinese and Saudi Arabian flags dotted the premises as members of the Saudi Royal Guard lined up with swords and played music. The two leaders smiled warmly and looked on for photographs, a contrast to the atmosphere of US President Joe Biden’s visit to Saudi Arabia earlier in the year. Xi landed in the capital Riyadh on Wednesday, where he was received by Saudi Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, and Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs. Saudi Crown Prince Mohammed bin Salman fist bumps US President Joe Biden upon his arrival at Al Salman Palace, in Jeddah in July.

It stood in stark contrast to the low-key welcome extended in July to U.S. President Joe Biden, with whom ties have been strained by Saudi energy policy and the 2018 murder of Jamal Khashoggi that had overshadowed the awkward visit. In an op-ed published in Saudi media, Xi said he was on a "pioneering trip" to "open a new era of China's relations with the Arab world, the Arab countries of the Gulf, and Saudi Arabia". [1/6] Saudi Crown Prince Mohammed Bin Salman welcomes Chinese President Xi Jinping in Riyadh, Saudi Arabia December 8, 2022. Chinese and Saudi firms also signed 34 deals for investment in green energy, information technology, cloud services, transport, construction and other sectors, state news agency SPA reported. While Saudi Arabia was an important U.S. ally, she noted, "in recent years, it has upheld its strategic autonomy, resisted the pressure of the United States".

☆ China’s Xi Jinping Visits Saudi Arabia Amid Strained U.S. Ties
▼ + stars: | 2022-12-07 | by ( Stephen Kalin | ) www.wsj.com time to read: 1 min

Chinese President Xi Jinping, pictured wearing a tie, is set to meet with Saudi Crown Prince Mohammed bin Salman, also pictured, later this week. RIYADH, Saudi Arabia—Chinese leader Xi Jinping is headed to Saudi Arabia on Wednesday for a visit that could deepen the relationship between the world’s top oil importer and top oil exporter amid strained U.S.-Saudi ties and a global reshuffling of power accelerated by the Ukraine war. Both sides say their relations remain primarily economic. China is Saudi Arabia’s top trading partner and the biggest buyer of its oil, a trend that is only expected to accelerate. But growing military and geopolitical aspects of their interactions alarm Washington, long the dominant security force in an energy-rich region that is now seeking additional partners including U.S. rivals.

☆ Xi Jinping: Saudi's MBS rolls out the red carpet for China's president, in a not too subtle message to Biden
▼ + stars: | 2022-12-07 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +9 min

Saudi leaders will infuse the trip with a dose of spectacle. The Saudi king – or his powerful Crown Prince, Mohammed bin Salman – may bestow the Chinese leader with some honors and medals. Saudi Crown Prince Mohammed bin Salman fist bumps US President Joe Biden upon his arrival at Al Salman Palace, in Jeddah, Saudi Arabia, on July 15. Today, the US consumes only a fraction of that Saudi oil, and China is Saudi Arabia’s biggest client and trading partner. Over the last year, Gulf Arab countries appear to have ramped up their independent-minded policy.

☆ U.S. court dismisses suit against Saudi crown prince in Khashoggi killing
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: +3 min

Saudi Crown Prince Mohammed bin Salman receives U.S. President Joe Biden at Al Salman Palace upon his arrival in Jeddah, Saudi Arabia, July 15, 2022. Khashoggi, a columnist for The Washington Post, had written critically of the harsh ways of Prince Mohammed, Saudi Arabia's de facto ruler. The U.S. intelligence community concluded the Saudi crown prince ordered the operation against Khashoggi. The Biden administration already had spared Prince Mohammed from government penalties in the case, again citing sovereign immunity. Rights groups and Saudi exiles argued that sparing Prince Mohammed from accountability in Khashoggi's killing would give the crown prince and other authoritarian rulers around the world a green light for future abuses.

☆ Saudi Arabia announces plans for six-runway hub airport in Riyadh
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

RIYADH, Nov 28 (Reuters) - Saudi Crown Prince Mohammed bin Salman announced on Monday plans to transform Riyadh airport into a massive aviation hub with six parallel runways and designed to accommodate up to 120 million travellers by 2030, state news agency SPA reported. Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), will build King Salman International Airport, which should stretch over 57 square kilometres (22.01 square miles) and include current King Khaled airport, SPA said. Aviation is part of a government strategy to become a global transportation and logistics hub by 2030, with Riyadh airport as the operation base of a brand new airline, RIA, that would compete with regional heavyweights Emirates and Qatar Airways. The kingdom has set itself high targets for diversifying its economy and reducing its dependence on oil, pouring hundreds of billions of dollars into a plan called Vision 2030 initiated by the kingdom's de facto ruler Prince Mohammed. It added King Salman airport would create 103,000 direct and indirect jobs, handle 185 million travellers and process 3.5 million tons of cargo by 2050.

☆ Prince Abdulaziz bin Turki Al-Faisal: 'I'm waiting for someone to wake me up,' says Saudi sports minister after remarkable win over Argentina
▼ + stars: | 2022-11-23 | by ( Zeena Saifi | ) edition.cnn.com time to read: +6 min

CNN —A day after Saudi Arabia’s historic win against Argentina at the Qatar World Cup, the Kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal says he’s “waiting for someone to wake me up.”“It’s been an unbelievable result. Saudi Arabia's victory is the most famous in the Arab world, alongside Algeria's victory over West Germany in 1982. People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years. In honor of the team’s historic win, Saudi Arabia’s King Salman bin Abdulaziz Al Saud ordered a national public holiday for a day on Wednesday. Asked if Saudi Arabia would put in a bid, similar to its takeover of Newcastle United last year, Prince Abdulaziz didn’t confirm nor deny.

☆ Saudi denies oil output hike discussion, says OPEC+ may cut if needed
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

The Wall Street Journal earlier on Monday reported an output increase of 500,000 barrels per day was under discussion for the next meeting of OPEC and its allies, known as OPEC+, on Dec. 4. Oil prices, which had slid more than 5% to below $83 a barrel after the Wall Street Journal report , pared losses following the minister's comments. Last month, OPEC+ unexpectedly decided to reduce output targets sharply. It would be unusual for the group to increase production at a time of declining prices and growing concern about the economic outlook. Prince Abdulaziz was also quoted as saying OPEC+ was ready to reduce output further if needed.

☆ Saudi Arabia eyes OPEC+ production increase - WSJ
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - Saudi Arabia and other OPEC oil producers are discussing an output increase, the Wall Street Journal reported on Monday, citing unidentified delegates within the group. An increase of up to 500,000 barrels per day is now under discussion for OPEC+'s Dec. 4 meeting, the report said. Last month, OPEC+ unexpectedly decided to reduce output targets sharply and it would be unusual for the group to increase production at a time of declining prices and concern about the economic outlook. The WSJ said talk of a production increase has emerged after U.S. President Joe Biden's administration told a federal court judge that Saudi Crown Prince Mohammed bin Salman should have sovereign immunity from a U.S. federal lawsuit related to the killing of Saudi journalist Jamal Khashoggi. The energy minister for Saudi Arabia, the OPEC+ de-facto leader, was quoted as saying earlier this month the group will remain cautious.

☆ China-Canada clash between Xi and Trudeau reminds autocrats what the free world is like
▼ + stars: | 2022-11-19 | by ( Brett Bruen | Brett Bruen Was The Director Of Global Engagement In The Obama White House | A Career American Diplomat. He Currently Runs Crisis Communications Agency The Global Situation Room | ) www.nbcnews.com time to read: +6 min

Then there were the reported leaks about Canadian Prime Minister Justin Trudeau taking China’s President Xi Jinping to task for alleged malicious meddling in his country’s elections. What these leaders most detest, as evidenced by Xi’s videotaped temper tantrum with Trudeau, is transparency. Leaders like Xi and Putin are starting to realize their limits, along with the liabilities that come with surrounding themselves with sycophants. What these leaders most detest, as evidenced by Xi’s videotaped temper tantrum with Trudeau, is transparency. Obama held three times as many joint press conferences with world leaders at this point in his presidency.

☆ Saudi crown prince Mohammed bin Salman to attend Qatar World Cup on Sunday
▼ + stars: | 2022-11-19 | by ( ) www.reuters.com time to read: 1 min

Nov 20 (Reuters) - Saudi crown prince Mohammed bin Salman arrived in Doha late on Saturday to attend the opening ceremony of the World Cup on Sunday, the Amiri Diwan of Qatar said. Saudi Arabia and Qatar have improved ties after a resolution early last year to end a political row that had led to Saudi Arabia, along with UAE, Bahrain and Egypt, boycotting Doha for over three years. Reporting by Omar Fahmy and Mahmoud MouradOur Standards: The Thomson Reuters Trust Principles.

☆ Biden Administration Says Saudi Crown Prince Has Immunity in Khashoggi Trial
▼ + stars: | 2022-11-18 | by ( Stephen Kalin | ) www.wsj.com time to read: 1 min

The Biden administration told a U.S. court that Saudi Crown Prince Mohammed bin Salman ’s status as a sitting head of government shields him from a civil lawsuit brought by the fiancée of slain Saudi journalist Jamal Khashoggi. Mr. Khashoggi, a former royal insider who criticized Prince Mohammed’s policies in Washington Post columns, was killed in 2018 and his body dismembered by Saudi agents during a visit to the kingdom’s Istanbul consulate where he was seeking papers needed to marry Hatice Cengiz, a Turkish citizen.

☆ U.S. moves to shield Saudi Crown Prince Mohammed bin Salman in Khashoggi killing
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: +2 min

The Biden administration declared Thursday that the high office held by Saudi Arabia's crown prince should shield him from lawsuits for his role in the killing of a U.S.-based journalist, a turnaround from Joe Biden's passionate campaign trail denunciations of Prince Mohammed bin Salman over the brutal slaying. The State Department on Thursday called the administration's decision to try to protect the Saudi crown prince from U.S. courts in Khashoggi's killing "purely a legal determination." The State Department cited what it said was longstanding precedent. Saudi officials killed Khashoggi at the Saudi consulate in Istanbul. The U.S. intelligence community concluded Saudi Arabia's crown prince had approved the killing of the widely known and respected journalist, who had written critically of Prince Mohammed's harsh ways of silencing of those he considered rivals or critics.

☆ Khashoggi's fiancée says the slain journalist 'died again' after Biden argued for MBS to have immunity in lawsuit over the murder
▼ + stars: | 2022-11-18 | by ( Azmi Haroun | John Haltiwanger | ) www.businessinsider.com time to read: +5 min

The fiancée of Saudi journalist Jamal Khashoggi criticized the Biden administration on Thursday. argued that the Saudi Crown Prince deserves immunity, per international law. Hatice Cengiz said Khashoggi "died again" as a result of the US position on Prince Mohammed. "I'm not going to meet with MBS," Biden told reporters in June. Khashoggi's fiancée also criticized the meeting between Biden and MBS, sharing a tweet captioned, "What Jamal Khashoggi would tweet today."

☆ Saudi crown prince arrives in Seoul - state news agency
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

[1/6] Crown Prince of Saudi Arabia, Mohammed bin Salman is received by South Korean Prime Minister, Han Duck-soo upon his arrival in Seoul, South Korea, November 16, 2022. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSCAIRO, Nov 16 (Reuters) - Saudi Crown Prince Mohammed bin Salman arrived in South Korea, state news agency (SPA) reported on Wednesday. He was received by the South Korean prime minister in the capital Seoul, it added. Reporting by Moataz Mohammed and Yasmin Hussein; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi defense officials rented suites at Trump's DC hotel that cost $10,500 right before MBS visited White House
▼ + stars: | 2022-11-14 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +5 min

Officials from six countries spent over $750k at Trump's DC hotel in 2017 and 2018, documents show. The officials stayed at Trump's hotel amid rocky periods in relations between their countries and the US. Saudi officials spent nearly $86k in March 2018. The Saudi officials spent nearly $86,000 from March 7 to March 18, including renting several $10,500 suites. Prince Mohammed, the de facto ruler of Saudi Arabia, was explicitly implicated in Khashoggi's killing by the US government.

☆ Thailand's deputy PM discusses the country's ties with Saudi Arabia
▼ + stars: | 2022-11-11 | 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've resumed our diplomatic relationship with Saudi Arabia 'in full': Thai deputy prime ministerAnutin Charnvirakul, Thailand's deputy prime minister, discusses ties between the two countries ahead of Saudi Crown Prince Mohammed bin Salman's first official visit to the Southeast Asian country.

Saudi Press Agency/Handout via REUTERSDUBAI, Nov 10 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) is working with Lazard (LAZ.N) on funding options and a potential initial public offering of Masar, a $27 billion mega project in the holy city of Mecca, two sources with direct knowledge told Reuters. The PIF, Lazard and Masar did not respond to a Reuters query for comment. Bloomberg first reported Lazard was advising the sovereign wealth fund on NEOM. Masar is a 1.2 million square metre urban development project in the western part of Mecca. Reporting by Hadeel Al Sayegh;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Saudi Crown Prince Mohammed Bin Salman"

25 mentions found