Should You Buy the Saudi Aramco IPO?
by Frank Holmes, CEO, U.S. Global Investors Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams … Read more
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Saudi Arabia’s Newest Tactic To Hush Dissidents
By Michael Kern In 2017, Saud al-Qahtani–advisor to the Saudi Crown Prince–was rather active on social media. In one Twitter post, he stated: “Does a pseudonym protect you from #the_black_list? No 1) … Read more
Former Uber CEO Travis Kalanick raises $400 million dollars from Saudi Arabia to launch new business Cloud Kitchens
Saudi Arabia’s sovereign-wealth fund has pumped $400 million into Travis Kalanick’s new company CloudKitchens, according to people familiar with the situation, in a deal that could value the operator of so-called … Read more
Saudi Aramco publishes its IPO prospectus (658 pages!), but doesn’t disclose what % of shares the government is going to sell; neither the price range (theist of banks is spectacularly large)
Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil … Read more
Saudi Arabia Bullies Ultra-Rich Into Buying Aramco Stock
By Julianne Geiger Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi … Read more
CHART OF THE DAY: Oil prices have fallen below Saudi fiscal breakeven for 5 years in a row
US shale companies often use a narrowly defined metric that only includes the cost of drilling and production, leaving out all other costs (this runs anywhere from $40-$60 depending on … Read more
Saudi Aramco IPO Will Not Save Kingdom
by Tom Luongo via TomLuongo.me Saudi Crown Prince Mohammed bin Salman (MbS) has staked his country’s future on selling a 5% stake in Saudi Aramco, the most valuable asset it has. And it … Read more
Riyadh Art where Saudi Arabia ‘s Quality of Life Program begins
by Stephen Timm “The happiness and fulfillment of citizens and residents is important to us. This can only be achieved through promoting physical, psychological and social well-being. At the heart of … Read more
Approximately 48 USAF aircraft will be deployed at Prince Sultan Airbase in Saudi Arabia ; likely to include F16s, F15s, F22s, B1Bs & B52s…
U.S. build up continues in Saudi… t.co/8L2GsxkTyE — EndGameWW3 (@EndGameWW3) November 2, 2019 AC
Saudi Arabia is selling 5% of its giant $2 trillion oil company Aramco to China
Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $US2 trillion ($2.9 trillion) valuation ahead of an expected Sunday … Read more
There goes the scandal free administration, Saudi pleads GUILTY to funneling money to Obama inauguration. Bonus: also a major fundraiser for Crooked Hillary
by whoopies_tds They were never scandal free. They were scrutiny free. via thehill: A fundraiser who raised millions of dollars for both Democrats and Republicans reportedly pleaded guilty earlier this month to … Read more
Saudi Aramco aims to begin planned IPO on Nov. 3: sources
DUBAI/RIYADH (Reuters) – Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after … Read more
U.S. deploying 3,000 troops, advanced equipment to Saudi Arabia
The U.S. military is significantly increasing troop deployments to Saudi Arabia, the Pentagon said Friday, announcing that 3,000 American personnel — including two fighter squadrons and an air expeditionary wing … Read more
IRANIAN oil tanker struck by missiles off Saudi Arabian coast! Oil prices jump 2,5%
Iran says oil tanker struck by missiles off Saudi Arabian coast t.co/BLQYfnDKdD pic.twitter.com/vOceUplOOM — CBC World News (@CBCWorldNews) October 11, 2019 An Iranian oil tanker cruising 60 miles off the coast of Saudi … Read more
Ron Paul: Houthis Rout Saudi Military…Is This The End Of The Road For MbS?
by Ron Paul via Ron Paul Institute The Saudi military appears to have suffered an historic defeat with a Houthi trap capturing up to three Saudi brigades. Houthis claim 500 Saudi fighters killed … Read more
Banks See Oil Prices Staying Low Despite Attacks On Saudi Oil
By Tsvetana Paraskova Concerns about faltering global oil demand and expectations of rising U.S. crude oil exports trump fears of supply shortage after the attacks on Saudi oil and have … Read more