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Tag Archives: Saudi

Asia’s richest man receives $ 1.5 billion from the Saudi government for his tech war chest

Now he has attracted a powerful new investor with deep pockets: Saudi Arabia. The Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), is paying $ 1.5 billion for a 2.3% stake in Jio Platforms, the digital technology arm of Ambani’s extensive conglomerate, Reliance Industries. The deal announced on Thursday values ​​Jio Platforms at just under $ 68 billion. It’s …

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Weapons seized by the United States, missiles used to attack Saudi Arabia of “Iranian origin”: U.N.

NEW YORK (Reuters) – Cruise missiles used in several attacks on oil facilities and an international airport in Saudi Arabia last year were “Iranian in origin”, Secretary General of the United States Antonio Guterres told the Security Council in a report Reuters had seen on Thursday. FILE PHOTO: United Nations Secretary-General Antonio Guterres will attend a Human Rights Council meeting …

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Saudi activists: Khashoggi murder “political, not personal” | Saudi Arabia news

Many leading Saudi activists have stressed that the murder of Saudi journalist Jamal Khashoggi, a murdered Saudi journalist, remains a political problem despite alleged efforts by the Kingdom authorities to reduce him to a family one. Khashoggi, a well-known journalist in the Arab world who also wrote opinion articles for the Washington Post, was killed in October 2018 after he …

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Pompeo ordered the officials to find a way to justify that a fired watchdog was investigating the sale of Saudi weapons

“They seemed to have a game plan, and it had to be justified,” said a State Department official who told CNN that during an interview with the watchdog at the end of last year, they told what had happened to the Office of the Inspector General of the State Department Investigation into Pompeo’s plan to accelerate sales. “The attitude was …

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Dow Jones Today, Futures Rally as coronavirus data is slowing; Moderna rises in vaccine news: Boeing gets a Saudi boost

Stock futures reversed early losses on Monday as some positive corona virus metrics strengthened confidence in the US and Europe. Biotech Moderna had positive vaccine news. AudioCodes and Nvidia identified the leads on the IBD 50 list at an early stage. Boeing and Exxon Mobil outperformed the Dow Jones today. X. Dow Jones futures rose 2.7%, with S&P 500 futures …

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Oil prices are rising as Saudi Arabia promises further cuts in production

An aerial view of oil tankers anchored near the Long Beach and Los Angeles ports in the midst of the coronavirus pandemic on April 28, 2020 off the coast of Long Beach, California. Mario Tama | Getty Images Oil futures rose on Tuesday, bolstered by Saudi Arabia’s unexpected commitment to deepen production cuts in June to alleviate the global market …

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War in war: When the Saudi prince moves away from Yemen, his allies quarrel

CAIRO – After five years of war, Saudi Crown Prince Mohammed bin Salman seemed to have moved away from his ruinous campaign in Yemen in the past few weeks and to take the coronavirus pandemic to declare a unilateral ceasefire, which is ineffective but least signaled this was that the prince finally agreed with critics who insisted that the fight …

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