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Jared Kushner's Shady $2B Saudi Deal Unprecedented, Says Wall Street Investor: 'I haven't Seen Anything Like This'
Saturday, August 19, 2023 - 10:17am | 674Read More...The $2 billion Saudi Investment former President Donald Trump's son-in-law Jared Kushner received for his private-equity firm Affinity Partners has continued to stir up controversy. Investor and economic analyst Steven Rattner recently said he found the deal to be highly unusual. What Happened:...
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Saudi Crown Prince Threatened 'Major Economic Consequence' For US During Oil Feud Last Year: Report
Friday, June 9, 2023 - 5:20am | 504Read More...Saudi Crown Prince Mohammed bin Salman (MbS) threatened to impose high economic costs on Washington last year when U.S. President Joe Biden warned of "consequences" to Riyadh over its decision to slash oil production, a new classified document revealed. What Happened: As...
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Woman Sentenced To 45 Years In Prison For Social Media Use, As Saudi Arabia Intensifies Crack Down
Tuesday, August 30, 2022 - 4:27pm | 397Read More...Saudi Arabia appears to be ramping up its crackdown on women activists following President Joe Biden’s visit to the country in July, sentencing a second woman to dozens of years in jail over social media use. Nourah bint Saeed al-Qahtani was sentenced to 45 years in jail after being convicted...
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'Asinine' Cash Flow: Energy Analyst Revises Forecast On Energy Stocks, Crude Oil Prices - 'Facts' Have Changed
Wednesday, July 27, 2022 - 1:14pm | 573Read More...Fundamentals will win, and shareholders will benefit from energy companies generating "asinine amounts" of free cash flow, says energy analysts at HFI Research. HFI is a contrarian investment research firm whose current focus is on the energy and natural gas markets. “We strongly...
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'Big Short' Star Michael Burry Thinks Joe Biden Is 'Greasing Wheels' For Saudi Oil ... Using Golf
Thursday, July 14, 2022 - 6:10am | 450Read More...“The Big Short” fame Michael Burry on Thursday took a dig at President Joe Biden, who is touring the Middle East and is scheduled to visit Saudi Arabia this week. What Happened: Burry said that Biden needs to meet with the country’s Crown Prince Mohammed bin Salman to “beg...
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Saudi Embassy Denies Hacking Bezos Phone, UN Experts Call For Investigation
Wednesday, January 22, 2020 - 11:35am | 366Read More...Saudi Arabia is dismissing reports it's behind the hacking of Amazon.com, Inc. (NASDAQ: AMZN) CEO Jeff Bezos' phone. The Guardian reported Tuesday that Saudi Crown Prince Mohammed bin Salman was behind the hacking of Bezos' phone in 2018, citing results of a new digital forensic...
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Saudi Prince Reportedly Involved In Hacking Of Jeff Bezos Phone
Wednesday, January 22, 2020 - 6:21am | 400Read More...Saudi Prince Mohammed bin Salman was behind the hacking of Amazon.com Inc. (NASDAQ: AMZN) CEO Jeff Bezos’ phone in 2018, reported The Guardian, citing results of a new digital forensic analysis. What Happened A seemingly innocent WhatsApp message sent to Bezos from Mohammed bin Salman’s...
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Saudi Arabia Eases Gender Segregation In Restaurants
Monday, December 9, 2019 - 1:01am | 285Read More...The Kingdom of Saudi Arabia has relaxed laws requiring restaurants to have gender-segregated entrances, Reuters reported on Sunday. What Happened The restaurants were previously required to have two separate entrances for men coming in alone and for families, including women, according to...
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Opinion | There Was Blood: Investors Should Reject Saudi-Aramco's Blood-Money Public Offering
Wednesday, December 4, 2019 - 7:00am | 354Read More...This column does not necessarily reflect the opinion of the Benzinga editorial board. On Oct. 2, 2018, Jamal Khashoggi, a Washington Post columnist and Saudi dissident, was murdered and dismembered with a bonesaw at the Turkish Embassy in Istanbul by a Saudi assassination team known as “Tiger...
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Could Political Risk Lower Value Of Aramco Ahead Of IPO?
Wednesday, November 6, 2019 - 11:35pm | 530Read More...Suggestions about how much Saudi Aramco is actually worth as the oil giant heads for its IPO vary by nearly $1 trillion, and uncertainty surrounding the region's political volatility and the company's control by the Saudi government is raising more questions than any concerns about the...
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Oil, Stocks Hang In Balance Ahead Of G20 Meeting
Monday, November 26, 2018 - 2:41pm | 541Read More...The oil market stabilized Monday following a 6 percent sell-off Friday ahead of this week’s G20 meeting. Saudi Arabia is reportedly producing record levels of crude oil in the month of November, and U.S. President Donald Trump has urged the Saudis not to cut production at the OPEC meeting...
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Saudi Arabia's Surprising Leadership Move Unlikely To Have Impact On Oil Prices
Wednesday, June 21, 2017 - 12:39pm | 416Read More...Saudi Arabia's ruling family made a surprise move in which King Salman's son, 31-year-old Mohammed bin Salman bin Abdulaziz, will now be first in line to succeed as ruler of the country, CNBC reported. The 31-year-old has also been named deputy prime minister in addition to maintaining his...
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Saudi Aramco Might Not Be Worth Anywhere Near $2 Trillion
Thursday, February 23, 2017 - 4:28pm | 390Read More...Saudi Aramco, the Saudi Arabian government-owned oil company, is considered the world's most valuable company with estimates ranging in the trillions of dollars with most recent estimates coming in at around $2 trillion. But as the oil giant is prepping for a historic initial public offering, the...
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Bloomberg's 50 Most Influential People: The Who's Who Of Global Finance, Government And Entertainment
Thursday, September 22, 2016 - 11:09am | 534Read More...Bloomberg published a list on Thursday of who its reporters and editors consider to be the most influential people in the world. For many, the list shouldn't come as a surprise and contains familiar names including JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon, Tesla Motors Inc (NASDAQ:...
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Is This 'The Beginning Of The End' For OPEC?
Tuesday, May 24, 2016 - 3:17pm | 358Read More...Saudi Arabia is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and its largest member. So, why is the country hinting that it may pursue a future in which the organization is irrelevant? Saudi Arabia has indicated in the past that it no longer cares for OPEC's...
















