Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

PARIS, France – Yemen’s president delegated power to a presidential council and dismissed his deputy on Thursday in moves aimed at supporting U.N. – led efforts to revive negotiations to end a bitter seven – year war. Riyadh announced $3 billion in financial aid to the Saudi – backed government after the announcement by President … More Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

UK PM Johnson Seeks Additional Oil Flows IN UAE, Saudi

LONDON – British Prime Minister Boris Johnson visits the United Arab Emirates and Saudi Arabia on Wednesday as part of efforts to secure additional oil flows and increase pressure on Russian President Vladimir Putin over Ukraine. With Britain, like much of the West, facing spiralling energy prices, Johnson is keen to encourage producers to increase … More UK PM Johnson Seeks Additional Oil Flows IN UAE, Saudi

Saudi Arabia Offers To Mediate Talks Between Russia And Ukraine

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call from Russian President Vladimir Putin on Thursday, and he offered to make efforts to mediate talks between Moscow and Kyiv as Russia continues its invasion of Ukraine. Bin Salman said his country support ‘efforts that lead to a political solution that … More Saudi Arabia Offers To Mediate Talks Between Russia And Ukraine

Saudi Arabia Hopes To Reach Agreement With Iran – Crown Prince

PARIS, France – Saudi Arabia intends to continue ‘detailed talks’ with Iran in order to reach a satisfactory agreement for both, Crown Prince Mohammed bin Salman said, while stressing the need for a strong nuclear deal between Tehran and world powers at talks in Vienna. He said in remarks to The Atlantic carried by Saudi … More Saudi Arabia Hopes To Reach Agreement With Iran – Crown Prince

Saudi Crown Prince, Cyprus President Hold Talks In Riyadh

RIYADH, Saudi Arabia – Saudi Arabia’s Crown Prince Mohammed bin Salman hosted the president of Cyprus at the Al – Yamamah Palace in Riyadh on Tuesday. After a welcoming ceremony, Prince Mohammed and Nicos Anastasiades held talks during which they discussed relations and cooperation between the two countries. Efforts to enhance joint coordination in various … More Saudi Crown Prince, Cyprus President Hold Talks In Riyadh

Saudi Crown Prince Discusses Ukraine Developments, Energy Market With France’s Macron

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman discussed the developments in the Ukraine war and its repercussions on the energy markets with France’s President Emmanuel Macron in a phone call on Sunday, state news agency SPA reported. The two leaders discussed bilateral relations and opportunities for developing cooperation in various fields. ‘They … More Saudi Crown Prince Discusses Ukraine Developments, Energy Market With France’s Macron

SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

PARIS, France – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S. – listed stocks as of December last year, up from $43 billion at the end of September, boosted by the increased value of electric can maker Lucid, it said in a U.S. regulatory filing. The fund’s Lucid holdings were valued … More SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

Saudi Cabinet Says Supports U.S. Efforts To Prevent Iran From Acquiring Nuclear Weapons

PARIS, France – Saudi Arabia’s government expressed on Tuesday its support for ‘U.S. efforts to prevent Iran from acquiring a nuclear weapon’, state news agency SPA reported. The government also thanked the U.S. for supporting the Kingdom defending its territory against attacks by Yemen’s Iran – backed Houthi militia, SPA, said, citing a statement issued … More Saudi Cabinet Says Supports U.S. Efforts To Prevent Iran From Acquiring Nuclear Weapons

Saudi Arabia Transfers Aramco Shares Worth $80 Bln To State Fund

PARIS, FRANCE – Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the Kingdom’s sovereign wealth fund, the government said on Sunday. The shares will bolster the Public Investment Fund’s (PIF) strong position and high credit ratings in the medium term, the crown prince said in … More Saudi Arabia Transfers Aramco Shares Worth $80 Bln To State Fund