Middle-east Arab News Opinion | Asharq Al-awsat

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American and Saudi national flags are seen on a main road in Riyadh, on May 19, 2017.
Trump, on his first foreign trip since taking office in January, will tell Muslim leaders of his “hopes for a peaceful vision of Islam” as he seeks support for the war against radical Islamists, Washington has said. / AFP PHOTO / FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

4 Reasons Why Trump’s Saudi Visit Is Different

by Meghan O'Sullivan | May 21, 2017 | Opinion

President Donald Trump prides himself on being unpredictable and, thus, no one knows what to expect of his first trip abroad. But when it comes to the first stop, Saudi Arabia, we can be sure it will be very unlike the visits of past US leaders to Riyadh when it comes...

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Saudi Minister of finance Mohammed Al-Jadaan REUTERS/Faisal Al Nasser

Saudi Finance Minister: By 2030 we won’t Care about Oil Prices

by Shuja Al-Baqmi | May 11, 2017 | Business

Riyadh – By 2030, Saudi Arabia won’t regard oil prices and the Public Investment Fund will be the primary incentive to diversify income resources over the coming years, according to Saudi Minister of Finance Mohammed Al-Jadaan. Jadaan was speaking at the Youths and...

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Men look out of a building as the Kingdom Centre Tower is seen in Riyadh, Saudi Arabia, January 1, 2017. REUTERS/Faisal Al Nasser/File Photo

Saudi Arabia to Privatize Four Sectors This Year

by Wael Mahdi | May 11, 2017 | Business

Khobar– A Saudi official said the Kingdom was planning to privatize four sectors this year, including the Saline Water Conversion Corporation, a power generation company under Saudi Electricity Co., grain silos and sports clubs. In an interview with Bloomberg News...

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Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense (AFP)

Riyadh towards Diversifying Income Sources, Nationalizing Industry

by Shuja Al-Baqmi | May 4, 2017 | Business

Riyadh- The interview with Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense aired on Saudi channels on Tuesday gave an important insight into the country’s economic future. In the televised interview, the Deputy...

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An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. (Reuters)

Saudi Aramco Takes Full Ownership over US’ Largest Oil Refinery

by Asharq Al-Awsat | May 2, 2017 | Business

London – United States’ CNN Money said on Monday that Saudi oil Giant Aramco took 100 percent control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year. America’s largest oil refinery is now...