Saudi Arabia

Saudi Arabia set to raise $11.2bn in Aramco share sale

Posted byAdam Baker on09/06/2024 - 13:32
Saudi ARAMCO

07 June 2024; MEMO: Saudi Arabia is poised to raise more than $11.2 billion from its secondary offering of oil giant Aramco’s shares, after pricing them towards the lower end of a price range at 27.25 riyals ($7.27), people familiar with the matter told Reuters today.

Aramco did not immediately give a comment. The Saudi government communications office did not immediately respond to a request for comment.

Saudi Arabia appoints 1st ambassador to Syria since 2012
Saudi Arab flag
Adam Baker 29/05/2024 - 13:57

26 May 2024; MEMO: Saudi Arabia appointed a new ambassador to Syria on Sunday, for the first time since 2012, Anadolu Agency reports.

Faisal Al-Mujfel was appointed the kingdom’s ambassador in Damascus, the state news agency SPA reported.

The move came months after the two countries resumed their diplomatic relations after they severed their ties more than a decade ago.

Passing away of Iranian president Ebrahim Raisi is a loss to all countries: Saudi UN envoy
Ebrahim Raisi
Adam Baker 23/05/2024 - 12:04

Tehran, IRNA – Saudi Arabia’s Permanent Representative and Ambassador to the United Nations Abdulaziz Alwasil has said that the passing way of Iranian president Ebrahim Raisi is a loss for all countries.

Alwasil made the comment on Wednesday as he met his Iranian counterpart Amir Saeed Iravani in New York, extending his condolences over the martyrdom of Raisi and his companions including foreign minister Hossein Amirabdollahian.  

The Saudi envoy hailed Raisi and Amirabdollahian for their efforts to improve stability in West Asia.

Saudi delegation heads to China without Crown Prince due to King's illness - sources
Saudi Chinese flag
Adam Baker 23/05/2024 - 11:25

22 May 2024; MEMO: Saudi Arabia is sending a delegation that includes the Kingdom’s investment minister to China this week, four people familiar with the matter said, as the world’s largest oil exporter looks for foreign funding for its ambitious economic transformation, Reuters reports.

Saudi Arabia condemns Israeli seizure of 800 hectares of Palestinian land in West Ban Adam Baker 28/03/2024 - 12:04

28 March 2024; MEMO: Saudi Arabia has condemned Israel’s decision to seize 800 hectares of Palestinian land in the occupied West Bank, joining the growing list of nations opposing the move, which violates international law.

Last week, the Israeli authorities seized more land in the Jordan Valley area of the occupied West Bank, in a move overseen by far-right Finance Minister Bezalel Smotrich for the purpose of enabling the construction of more illegal settlements for Jewish settlers.

Russia, Saudi to continue OPEC+ cooperation
OPEC Building
Adam Baker 20/03/2024 - 10:38

19 March 2024; MEMO: Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman yesterday expressed their willingness to continue developing friendly relations and cooperation between the two countries and coordination in OPEC+.

Saudi Arabia: MBS praises coordination with Russia as helping ‘remove tensions in the Middle East’
Vladimir Putin n Mohammed bin Salman
Adam Baker 08/12/2023 - 13:17

7 December 2023; MEMO: Saudi Arabia’s Crown Prince, Mohammed Bin Salman, has praised the Kingdom’s relationship and coordination with Russia as having “helped remove tensions in the Middle East”, as the two oil giants continue to advance relations and steer global oil markets.

Russia's Putin meets Saudi crown prince in whirlwind Gulf visit
Putin
Amma N 06/12/2023 - 19:18

RIYADH, Dec 6 (Reuters) - Russian President Vladimir Putin landed in Saudi Arabia on Wednesday and immediately began hastily arranged talks with Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine.

It was not immediately clear what Putin, who has rarely left Russia since the start of the Ukraine war, intended to raise specifically about oil or geopolitics in a meeting with the crown prince of the world's largest crude exporter.

Saudi Arabia urges US restraint as Houthis attack ships in Red Sea
Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea
Amma N 06/12/2023 - 19:16

RIYADH/DUBAI, Dec 6 (Reuters) - Saudi Arabia has asked the United States to show restraint in responding to attacks by Yemen's Houthis against ships in the Red Sea, two sources familiar with Saudi thinking said, as Riyadh seeks to contain spillover from the Hamas-Israel war.

The Iran-aligned Houthis have waded into the conflict that has spread around the Middle East since war erupted on Oct. 7, attacking vessels in vital shipping lanes and firing drones and missiles at Israel itself.

Saudi minister engages global aviation leaders at ICAN 2023, emphasizes economic impact of air transport
ICAN 2023
Amma N 04/12/2023 - 20:13

RIYADH, Dec 4 (APP): Saudi Minister of Transport and Logistic Services and Chairman of the General Authority of Civil Aviation (GACA), Eng. Saleh bin Nasser Al-Jasser on Monday participated in the ministerial session themed “Impact of air transport on economic development” at the 15th International Civil Aviation Organization’s (ICAO) Air Services Negotiation event, ICAN 2023.

According to SPA, the event, hosted by GACA, drew participation from aviation industry leaders spanning over 100 countries and witnessed discussions among ministers and heads of civil aviation agencies.

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