saudi arabia Archive

energyUnited States is now the largest global crude oil producer

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The United States passed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s (Energy Information Administration). EIA expects that U.S. crude oil production will continue to exceed Russian …

citySaudi Arabia trying to build a $2 trillion fund to support diversifying from oil

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Saudi Arabia wants its Public Investment Fund (PIF) to control more than $2 trillion by 2030 so that it can be used to support transition from oil. Saudi Arabia wants to diversify its the economy away from oil, under a …

futureSaudi and US support of Israel would make multiple strikes on Iran Nuclear facilities feasible

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The Iranian nuclear program is spread across dozens of sites over an area that is bigger than France, Germany and Spain combined and located 1,000 miles away from Israel. Israel could and did use military strikes to take single facilities …

dronesDrone attack Saudi oil facility and Trump threats to Russia boosts oil prices

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Yemen’s armed Houthi movement said on Wednesday it had launched a drone strike on a facility belonging to oil giant Saudi Aramco in southern Saudi Arabia – though the company said its plants there were operating “normally and safely”. Saudi …

buildingsSaudi Prince promoting alliance with Egypt, Jordan, UAE, Bahrain and Oman and cooperation with Israel

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The Saudi Prince Mohammed bin Salman has made many statements in a recent interview that indicate a solid alliance with Israel and Egypt versus Iran. The Saudi prince said * the Palestinians and the Israelis have the right to have …

energySaudi has $200 billion deal with Softbank for 200 GW of solar by 2030

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Saudi Arabia’s crown prince, Mohammed Bin Salman, has signed a memorandum of understanding with Softbank to build 200 GW of solar power by 2030 at a cost of $200 billion. China had built 125 GW of solar power by the …

future weaponsSaudi Arabia leader states they would get a nuclear bomb if Iran completes one

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Various reports from BBC News in 2013 and 2015, indicated that Saudi Arabia had invested in Pakistaninuclear weapons projects and believes it could obtain nuclear bombs at will. Intelligence reports indicated taht nuclear weapons made in Pakistan on behalf of …

buildingsFirst skyscraper over one kilometer in height on track for 2020 completion

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Jeddah Tower (previously known as Kingdom Tower, is being built in Jeddah, Saudi Arabia, at a cost of SR4.6 billion (US$1.23 billion). It is on track for completion in 2020 as planned and will be over one kilometer in height. …

economySoftbank Vision is to invest a trillion dollars in at least a thousand Unicorns over the next ten years

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Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 companies within 10 years. …