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...The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of its Saudi Arabian backer as it looks to raise funds over the coming year....
...The approach to tech investing matches Saudi strategy more broadly....
...But Saudi Arabia made it clear that while the process was stalled, the kingdom had not taken the option off the table....
...Sunak’s invite to Prince Mohammed this year signalled the UK’s desire to attract Saudi investment and deepen relations five years after the murder of Saudi journalist Jamal Khashoggi in the Saudi consulate...
...The PIF is planning, for example, to launch a new airline Riyadh Air, with a goal to fly to 100 destinations by 2030....
...Many have also suggested that hard drinks might be served on Saudi Arabia’s newest airline, Riyadh Air, a question executives have at times dodged....
...In the GPT case, the defendants’ alleged crimes related to payments made to Saudi officials to secure £1.6bn of contracts between the MoD and the Saudi Arabian National Guard (SANG) for the installation...
...What sports could I be pitching the Saudis that they aren’t buying up already. Was thinking tennis — it fits the profile of highly paid stars, global footprint and complacent leadership. Any others?...
...In a surprise policy reversal, Saudi Arabia paused that expansion plan in January but Nasser insisted the kingdom’s confidence in long-term oil demand was undimmed....
...Saudi Arabia was “not a financial centre set-up”, the financier added....
...Arabian producer apart from much of the industry, where spending on oil production is generally falling due to concerns about climate targets and future demand....
...“Will there be a Saudi investment? What degree of control would the Saudis have if they make an investment? We haven’t seen the end of this story yet.”...
...Saudi Aramco accounts for about 10 per cent of the 100mn barrels of oil the world consumes every day....
...irreversible steps towards a Palestinian state before any normalisation,” said Ali Shihabi, a Saudi analyst close to the royal court....
...The PIF sued the four firms in Saudi Arabia, claiming that documents demanded in the US were classified....
...“Deep corruption” is at the heart of a criminal case against two men accused of bribing Saudi Arabian officials to secure lucrative defence contracts with the UK government, according to the prosecution...
...Arabia this week after meeting Saudi Crown Prince Mohammed bin Salman....
...Oil prices dropped sharply on Monday as Saudi Arabia’s decision to cut its official selling price for oil exports in February overshadowed heightened tensions in the Middle East....
...He acknowledged that the human rights situation in Saudi Arabia “still doesn’t meet our standards” and was “still ambivalent”. But “Saudi Arabian defensive missiles are also protecting Israel”....
...Some don’t even live in Saudi. They base themselves in Bahrain and commute....
...I know our London team won’t like working for Saudi but they’ll like the money. We might even need to spend a bit of time out there ourselves to show our intent....
...“For many international guests in the future, the first impression they’ll get is at 38,000 feet with Riyadh Air,” he said of the airline’s importance to Saudi Arabia....
...fund products for sale in the Saudi Arabian market....
...The decision comes after the producer group lowered Angola’s oil output target last month as part of a series of cuts led by Saudi Arabia to help prop up prices....
...One airline executive said the tone between Heathrow and its airline customers has been “much more friendly” since Woldbye took over....
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