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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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President Obama, King Salman Attend GCC Summit in Riyadh; Pledge to build on ‘Deep Strategic Partnership’
President Obama and King Salman attended the summit of the Gulf Cooperation Council (GCC) members in Riyadh, Saudi Arabia today at the Al-Diriyah Palace. The White House on Wednesday called the summit “an important opportunity for the United States and its Gulf partners to strengthen cooperation against [the Islamic State group] and also to address regional […]
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Muted Reception for President Obama in Riyadh Belies Strong U.S.-Saudi Cooperation on Security, Economy
President Obama arrived in Riyadh today to a chilly official reception from Saudi Arabia indicative of strained ties between his administration and the Kingdom. While King Salman welcomed the other heads of state of the visiting GCC leaders with “pomp and circumstance,” President Obama deplaned Air Force One and was met by the governor of Riyadh […]
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Saudi Arabia reportedly planning US-style ‘green card’ system as part of strategy to increase revenue
Saudi Arabia is considering setting up a ‘green card’ system, similar to that used in the US, as part of an overall strategy to raise $100 billion in revenues annually by 2020, according to reports. The Deputy Crown Prince “revealed Saudi Arabia’s inclination to introducing a system for residents that is similar to the American […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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Obama to Visit Saudi Arabia in Wake of Heated Debate Regarding U.S. Middle East Policy
U.S. President Barack Obama will visit Saudi Arabia in April, his third time visiting Saudi Arabia while president. In September 2015, Saudi Arabia’s King Salman visited the United States with his son and Deputy Crown Prince and Minister of Defense Mohammed bin Salman. And, last spring, Obama invited the Saudis and other Persian Gulf Arab […]
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Saudi-led Intervention in Yemen to Restore Hadi Continues into 10th Month with ‘Different Objectives’
The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members. The coalition has retaken Aden, Yemen’s southern port, and according to Saudi […]
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Syrian Rebels Summit As Riyadh Eyes Political Solution
Rebel factions in Syria’s bloody 4-year civil war meet in Saudi Arabia this week for a conference as Riyadh looks for a political solution to the crisis. Around 100 representatives of the Syrian opposition representing 70,000 “moderate rebels” in the fight held the first meeting of its kind in the Saudi capital. Western nations have observer status at […]
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‘The key challenges are our overdependence on oil and the way we prepare and spend our budgets’, Saudi Deputy Crown Prince Mohammed bin Salman Says to NYT Columnist Friedman
In an op-ed published today in the New York Times, columnist Tom Friedman discussed his recent visit to Saudi Arabia and the seismic shift in governance in the Kingdom over the last year. The columnist spent an evening with one of the Middle East’s most powerful leaders, Deputy Crown Prince Mohammed bin Salman, and said the […]
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Saudi Forces Train to Fight in Rugged Mountain Terrain as War in Yemen Continues
Military personnel from Saudi Arabia were photographed by the official Saudi Press Agency (SPA) training in remote mountain terrain as the battle against the Houthi rebels in Yemen continues. Victory has remained elusive for the Saudi-led coalition fighting in Yemen, but steady gains on the back of coalition airstrikes have turned the tide in the […]
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Russia Tells U.S. Not to Interfere in Saudi Crown Prince MBS Becoming King, Despite Khashoggi Killing
Russia’s deputy foreign minister and Middle East envoy, Mikhail Bogdanov, warned on Tuesday that the U.S. should not try to influence the line of succession in Saudi Arabia, and he signaled that Moscow believes the 33-year-old prince should succeed his father as king.
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MBS visit is big business in Egypt
The Kingdom is quickly becoming the largest Arab investor in the Egyptian market, and the second largest foreign investor in general, accounting for 11 percent of total foreign investment in Egypt.
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Stealing Its Oil Customers, Russia Throws Iran a Lifeline—and Thumbs Its Nose at U.S.
Russian oil companies have stepped in, stealing customers from Iran. The two countries produce similar grades of crude, making a switch by refiners relatively easy. But Moscow is also offering Tehran a lifeline for its stranded crude.
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MBS: Middle East can be the ‘new Europe’
He said his “war” was restoring the Middle East to its past glory. “I believe the new Europe is the Middle East,” Prince Mohammed said. “The Kingdom of Saudi Arabia in five years will be completely different.”
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Spain will go ahead with sale of 400 bombs to Saudi Arabia
Spain will go ahead with the sale of 400 laser-guided bombs to Saudi Arabia, Foreign Minister Josep Borrell said on Thursday, after the deal was halted amid concerns over the Saudi role in the war in Yemen.
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Spain cancels bombs sale to Saudi Arabia amid Yemen concerns
As a longtime commercial ally of Saudi Arabia, Spain is the fourth-largest provider of military equipment and weapons to the Gulf state
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OPEC Oil Production Climbs as Saudi Arabia Pumps Near Record
The kingdom’s oil production grew by 230,000 barrels a day in July, to 10.65 million barrels per day. This is just shy of an all-time peak reached in 2016, according to a Bloomberg survey of analysts, oil companies and ship-tracking data.
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Trump, Iran, Europe: A Rebellion of the Lambs?
But Germany has more than 100 companies established in Iran, and 10,000 which trade with it. The Italians are very present; the French have Peugeot, Renault, Total. And the European Union buys 40% of the oil exported by Iran. Airbus had just sold more than 100 planes.
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Commentary: Astronomy – the outer frontier of MbS’ liberalization
By focusing on space sciences, long a field rejected by ultra-conservative Islamic scholars, some of whom insist that the earth is flat, Prince Mohammed was setting the outer limits of his top-down redefinition of Saudi Arabia’s austere interpretation of Islam.
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Oil climbs on Saudi price ambitions and U.S. stocks draw
Brent crude futures LCOc1 reached $74.73 a barrel, the highest since Nov. 27, 2014 — the day OPEC decided to pump as much as it could to defend market share, sending the price to a low of $27 just over a year later.
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