Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Deputy Crown Prince Mohammed bin Salman, center, at a meeting with U.S. Defense Secretary Jim Mattis. (Jonathan Ernst/Agence France-Presse via Getty Images)

A Young Prince is Reimagining Saudi Arabia

by David Ignatius | Apr 22, 2017 | Opinion

Two years into his campaign as change agent in this conservative oil kingdom, Deputy Crown Prince Mohammed bin Salman appears to be gaining the confidence and political clout to push his agenda of economic and social reform. The young prince outlined his plans in a...

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Minister of Energy, Industry, and Mineral Resources Khaled al-Faleh speaks during the Saudi Arabia Renewable Energy Investment Forum on April 17, 2017, in Riyadh. (AFP)

Riyadh Reveals 30 Projects to Produce Renewable Energy

by Fatah Al-Rahman Youssef | Apr 18, 2017 | Business

Riyadh – Saudi Minister of Energy, Industry, and Mineral Resources Khaled al-Faleh announced the launch of the King Salman Renewable Energy Initiative, which consists of 30 projects to produce 10 gigawatts of renewable energy. During the Saudi Arabia Renewable...

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Amin Nasser, president and chief executive officer of Saudi Arabian Oil Company (Saudi Aramco), speaks at the China Development Forum in Beijing, China, March 19, 2017. REUTERS/Shu Zhang

Aramco Aims to Increase Energy Refining to 10 Million bpd

by Asharq Al-Awsat | Apr 15, 2017 | Business

Dhahran- Amin Nasser, president and chief executive officer of Saudi Arabian Oil Company (Saudi Aramco), affirmed that the company is committed to crude oil projects and to reinforcing prime businesses in chemicals. The long-term vision of oil and gas markets is...

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Minister of Commerce and Investment Dr. Majid al-Qasabi. SPA

Saudi Private Sector Supported by $53 billion in Four Years

by Asharq Al-Awsat | Apr 10, 2017 | Business

Dammam-Saudi Finance Minister Mohammed al-Jadaan told a meeting at the Eastern Province Chamber of Commerce that the government will fund the private sector with 53 billion dollars in the next four years. Jadaan highlighted that, to achieve the economic vision for...

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A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar

Moody’s: Saudi Arabia’s Fiscal Position Remains Strong

by Shuja Al-Baqmi | Apr 1, 2017 | Business

Riyadh – Saudi Arabia’s fiscal position remains strong, according to Moody’s Global Credit Research report published on Friday. The report pointed out that economic reforms executed by the kingdom will contribute in curbing the public budget deficit despite the...