International Finance

Tag : Aramco


Saudi Arabia cuts back its solar target

No concrete reason given; wants to concentrate on gas Suparna Goswami Bhattacharya June 28, 2016: In a move that has surprised many, Saudi Arabia has scaled back its renewable power targets as the world’s largest producer of oil plans to use more natural gas, backing away from goals set when crude prices were about triple...

Saudi is having a bearish impact on oil prices

Kinan Khadam-Al-Jame Is defending market share and simultaneously ushering changes at home to avoid political unrest May 27, 2016: Historically, kings of Saudi Arabia don’t accede the throne until late in life. However the current ruler, King Salman Al-Saud has upset the established formula of ‘rule by elder’ by giving unprecedented power to his son...
Business Leaders

Saudi oil minister removed after 20 years in the job

He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...