Aramco to acquire Sabic stake for $69B
Saudi Aramco will buy a majority stake in chemical giant Sabic from the kingdom’s sovereign wealth fund for over $69B. This is the Middle East’s biggest ever deal. It will transfer a big slug of cash from one arm of the state to another to finance Crown Prince Mohammed bin Salman’s economic agenda.
Saudi Crown prince heads to China to meet with Xi
Saudi Crown Prince Mohammed Bin Salman will arrive in China today after his visit to India and Pakistan. He’s in the middle of a tour through Asia trying to burnish his image as ties with Western leaders remain strained after the Khashoggi affair.
Saudi crown prince pledges $20 billion in investment deals for Pakistan
Crown Prince Mohammed bin Salman kicks off his Asia tour with a big signing ceremony in Pakistan, where he pledged $20 billion worth of investment for the cash-strapped country. The crown prince will also visit India and China on a week-long charm offensive partly aimed at rebuilding his image abroad after the Jamal Khashoggi killing, according to analysts.
G20 summit opens as leaders give Saudi prince mixed reception
World leaders have opened talks at the G20 summit in Argentina. A weekend of meetings is expected to be overshadowed by the contentious presence of the Saudi crown prince and tensions between Russia and Ukraine.
U.S. to stand by Saudis, despite Khashoggi
President Trump says he won't let the murder of journalist Jamal Khashoggi jeopardize relations with Saudi Arabia. He says he will stand by Riyadh regardless if Crown Prince Mohammed bin Salman was involved in the killing citing the kingdom's importance to American interests.
Saudi King stands by Crown Prince
Saudi Arabia's King Salman Bin Abdulaziz swerved around the issue of Jamal Khashoggi's murder in his annual speech to the kingdom's top advisers. It's his first major public address since the journalist was killed. Instead, the king stressed priorities for the upcoming year and also reiterated full support for his son, Crown Prince Mohammed bin Salman.
Death of journalist Khashoggi not to harm relations with Turkey: Saudi Arabian crown prince
Saudi Arabia will make a thorough probe into the death of journalist Jamal Khashoggi, and relationship with Turkey will not be harmed, said Saudi Arabian Crown Prince Mohammed bin Salman on Wednesday during the forum of the Future Investment Initiative in Riyadh.
Trump says `Not satisfied' as Mnuchin meets Saudi Prince
President Donald Trump said he’s still not satisfied with Saudi Arabia’s explanation of dissident journalist Jamal Khashoggi’s death as U.S. Treasury Secretary Steven Mnuchin met with Crown Prince Mohammed bin Salman in Riyadh. Derek Wallbank reports on "Bloomberg Daybreak: Australia."
Saudi Arabia's archaeological treasure of Al-Ula to open to tourists
Saudi Arabia's Crown Prince Mohammed bin Salman is in France this week. He is meeting President Emmanuel Macron to discuss, among other things, tourism in the kingdom. Currently the country is closed to foreign visitors, apart from pilgrims.