Saudi Arabia National Automotive Manufacturing Company (Snam) has agreed to increase the aluminium content in vehicles it plans to produce. The aluminium is to be supplied by Saudi Arabian Mining Company (Ma’aden). Ma’aden operates one of the world’s largest fully…
Tag: Saudi Arabia
Trump’s bans may be better than Obama’s bombs
President Trump signs an executive order calling for extreme vetting of migrants from 7 mainly Muslim countries on 27 January Hastily drafted and badly executed, President Trump’s discriminatory and unfair visa bans announced on Friday may nevertheless to do more…
Saudi Arabia gives green light to its nuclear energy plan
Saudi Arabia this week announced that it has given the go ahead for work to being on the kingdom’s nuclear energy plan, the second in the Arab world after Abu Dhabi where nuclear power is due to start this year.…
The dawn of the Al-Falih era for world oil
Saudi Energy Minister Khalid al-Falih is the new king of global oil In a confident performance at the Atlantic Council Energy Forum in Abu Dhabi today, Saudi Arabia’s Energy Minister Khalid al-Falih targeted the legions of sceptics questioning the kingdom’s…
Saudi Arabia now the world’s third largest phosphate fertiliser exporter
Saudi Arabian Mining Company (Ma’aden) President and CEO Khalid Al Mudaifer The rise of Saudi Arabia’s mining and minerals industry has been recognised with the appointment of Saudi Arabian Mining Company (Ma’aden) President and CEO Khalid Al Mudaifer to…
Arab leaders hope Trump will make their new year wishes come true
Reviled by Western liberals and dismissed by foreign policy specialists, Donald Trump is being viewed with favour by leaders of the Arab world’s most powerful nations. In an interview with the The Financial Times published today, Egypt’s President El-Sisi welcomed Trump’s…
Saudi Arabia shrugs off challenges; aims high for 2017 and beyond
Pounded by criticisms of its financial position and regional role, Saudi Arabia is working this autumn to ensure it maintains its position as the Arab world’s sole superpower in 2017 and beyond. In oil, Saudi Energy Minister Khalid al-Falih has…
After 20 years planning, Saudi Arabia to introduce competition into power generation
Saudi Arabia’s power generation industry, the largest in the Middle East, is to be the first target of the kingdom’s privatisation programme, the MEED Leaders in Energy Reform conference in Dubai was told today. It was told that the Saudi…
The only surprise is that Al-Assaf lasted so long
The termination last night of Ibrahim al-Assaf’s 20-year tenure as Saudi Arabia’s Finance Minister is surprising for only one thing. It’s that he held the job for so long. Originally a university teacher, Al-Assaf — 67 — joined government…
Fitch rates Saudi bonds at AA
Fitch Ratings has assigned Saudi Arabia’s $5.5bn 2.375 per cent 2021 senior unsecured notes, the$5.5bn 3.25 per cent 2026 senior unsecured notes and $6.5bn 4.5 per cent 2046 notes a final rating of ‘AA-‘. The rating is in line with Saudi…