U.S. To Resupply Saudi And UAE Missile Defense Systems

PARIS, France – The U.S. State Department approved the potential sale of Terminal High Altitude Area Defense (THAAD) missile interceptors to the United Arab Emirates and Patriot missile interceptors to Saudi Arabia in separate deals worth as much as $5.3 billion, the Pentagon said on Tuesday. The potential deals, which would resupply key missile defense … More U.S. To Resupply Saudi And UAE Missile Defense Systems

Saudi Crown Prince Welcomes Biden At Al – Salam Palace In Jeddah

JEDDAH, Saudi Arabia – Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister of Defense, welcomed on Friday U.S. President Joe Biden at the Al – Salam Palace in Jeddah. Custodian of the Two Holy Mosques King Salman bin Abdulaziz is set to meet with Biden at the Al – Salam Palace. Biden had arrived … More Saudi Crown Prince Welcomes Biden At Al – Salam Palace In Jeddah

Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output

PARIS, France – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s President. Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting … More Macron Tells Biden That UAE, Saudi Can Barely Raise Oil Output

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

U.S. House Panel Probes Saudi Business With Kushner’s Firm

WASHINGTON – A U.S. House of Representatives committee said on Thursday that it was investing the Saudi Arabian government’s $2 billion investment with a firm of Jared Kushner, the son – in – law of former President Donald Trump. ‘The Committee on Oversight and Reform is investigating whether you (Kushner) have improperly traded on your … More U.S. House Panel Probes Saudi Business With Kushner’s Firm

White House Praises Saudi Crown Prince Ahead Of Expected Biden Trip

WASHINGTON – The White House took the rare step of recognizing the role played by Saudi Arabia’s Crown Prince Mohammed bin Salman in extending a ceasefire in Yemen on Thursday ahead of what is expected to be a trip to Riyadh by President Joe Biden. White House press secretary Karine Jean – Pierre told reporters … More White House Praises Saudi Crown Prince Ahead Of Expected Biden Trip

Soccer Serie A Seeks Abu Dhabi Deals On TV Rights, Italian Super Cup – Sources

MILAN – Italy’s top soccer league Serie A is in talks over a broadcast deal with state – backed Abu Dhabi Media and on a separate agreement to host its Super Cup in the emirate, three sources with knowledge of the matter said. Home to AC Milan, Juventus and other top clubs, Serie A is … More Soccer Serie A Seeks Abu Dhabi Deals On TV Rights, Italian Super Cup – Sources

Aramco CEO Warns Of Global Oil Crunch Due To Lack Of Investment

DAVOS – The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world’s largest oil producer, said on … More Aramco CEO Warns Of Global Oil Crunch Due To Lack Of Investment

Lucid Says Saudi Arabia Will Purchase Up To 100,000 Vehicles Over 10 Years

PARIS, France – Electric carmaker Lucid Group Inc on Tuesday said it has signed an agreement with the government of Saudi Arabia for the purchase of up to 100,000 of its vehicles over the next 10 years. Saudi Arabia commits to purchase 50,000 vehicles under the agreement, with an option to buy an additional 50,000 … More Lucid Says Saudi Arabia Will Purchase Up To 100,000 Vehicles Over 10 Years