Saudi Arabia plans to bet extra $45B on SoftBank’s next Vision Fund

Saudi Arabia plans to bet extra $45B on SoftBank’s next Vision Fund

By Anna Domanska - Oct 08, 2018

Saudi Arabia’s sovereign wealth fund is planning to double its bet on SoftBank Group Corp. with another $45 billion investment, supporting Masayoshi Son’s second $100 billion V

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Saudi Arabia Plans to Bring Hyperloop to Riyadh

Saudi Arabia Plans to Bring Hyperloop to Riyadh

By Anna Domanska - Apr 04, 2018

The Crown Prince of Saudi Arabia, Prince Mohammed Bin Salman Al Saud on Monday disclosed the kingdom’s vision 2030 Hyperloop Pod, in a meeting with Virgin Group founder Richard B

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Saudi Arabia Eyes Becoming World Leader in Clean Energy

Saudi Arabia Eyes Becoming World Leader in Clean Energy

By Anna Domanska - Apr 18, 2017

Saudi Arabia will develop 30 solar and wind projects over the next 10 years as it pushes ahead with the $50 billion program to free up crude oil export. Energy Minister Khaled al-F

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Top Officials Claim Saudi Arabia is on the Brink of Bankruptcy

Top Officials Claim Saudi Arabia is on the Brink of Bankruptcy

By Anna Domanska - Oct 23, 2016

An IMF report released last October revealed Saudi Arabia’s cash reserves are in drop and the country could only have five years of financial assets. Turns out, the country has l

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Crude Oil Prices Downward Trend Recorded in Today’s Opening Trade

Crude Oil Prices Downward Trend Recorded in Today’s Opening Trade

By Anna Domanska - Aug 31, 2015

Crude oil prices declined in Asia on Monday, as traders took profit, where US Crude Futures tumbled by about 6.1 per cent, extending last week’s 7.3 per cent decline. Along with

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Kingdom Tower by Bin Laden Group will be the World's Tallest Building

Kingdom Tower by Bin Laden Group will be the World's Tallest Building

By Vrushti Mawani - Aug 05, 2011

All set to overshadow Burj Khalifa, currently the world’s tallest building, Kingdom Tower will be built by the Bin Laden family in Jeddah, Saudi Arabia, as the focal point of Kin

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IEA, Obama admin counter Libya hold-up by releasing oil reserves

IEA, Obama admin counter Libya hold-up by releasing oil reserves

By Vrushti Mawani - Jun 24, 2011

The International Energy Agency (IEA) announced on Thursday, the release of 60 million barrels of oil from global reserves. Primarily being touted as a move to counter the oil shor

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OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

By Carrie Ann - Jun 09, 2011

An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s meeting that they had left output levels unchanged due to lack

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OPEC meeting to focus on output quotas and triple-digit oil prices

OPEC meeting to focus on output quotas and triple-digit oil prices

By Carrie Ann - Jun 06, 2011

The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in a meetin

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