Tag Archives: Saudi

Kratos receives $46.2 million contract for Saudi Arabian defense services

 Kratos Technology and Training Solutions has received a $46.2 million contract for training and technical services in support of the Kingdom of Saudi Arabia’s Vision 2030 defense development goals. The work from the U.S.-based company will primarily be conducted in Saudi Arabia and Orlando, Fla., and is expected to be finished by August 2020. $15.4 million in foreign military sales… Read More »

Saudi king replaces crown prince with son Mohammed bin Salman

Saudi Crown Prince Mohammed bin Nayef has been relieved of his post and replaced by deputy crown prince Mohammed bin Salman, a royal decree said today, in a promotion for King Salman’s 31-year-old son that confirms him as next ruler of the kingdom. Prince Mohammed bin Salman becomes deputy prime minister and retains his defence and other portfolios,… Read More »

Qatar row: Saudi and Egypt among countries to cut Doha links

A number of Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with Qatar, accusing it of destabilising the region. They say Qatar backs militant groups including so-called Islamic State (IS) and al-Qaeda, which Qatar denies. The Saudi state news agency SPA said Riyadh had closed its borders, severing land, sea and air contact with the… Read More »

Despite Saudi signals, OPEC unlikely to deliver all promised oil cuts

OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organisation of the Petroleum Exporting Countries is planning to cut its output by 1.2… Read More »

U.S. to halt some arms sales to Saudi, citing civilian deaths in Yemen campaign

The United States has decided to limit military support to Saudi Arabia’s campaign in Yemen because of concerns over widespread civilian casualties and will halt a planned arms sale to the kingdom, U.S. officials told Reuters. The United States will also revamp future training of the kingdom’s air force to focus on improving Saudi targeting practices, a persistent… Read More »

Medina explosion: Suicide bombing near Saudi holy site

A suicide bomber has killed four security officers and injured five others near one of Islam’s holiest sites in the Saudi city of Medina, according to the interior ministry. The bomber detonated his explosives after being stopped outside the Prophet’s Mosque, a statement said. The mosque is the burial place of the Prophet Muhammad and Medina the second-holiest… Read More »

Saudi Aramco finalizes IPO options and plans global expansion

Saudi Arabia’s state-owned oil giant is finalizing options for its partial privatisation and will present them to its Supreme Council soon, its chief executive said about the centerpiece of the kingdom’s efforts to overhaul its economy. The company has a huge team working on the proposals for the initial public offering (IPO) of less than 5 percent of… Read More »

Saudi remarks on oil surge test prospects for output freeze

Saudi Arabia’s top oil official, Deputy Crown Prince Mohammed bin Salman, said Riyadh could boost output immediately and almost double it long term, in comments that could threaten the signing of a global production freeze deal planned for Sunday. The second in line to the throne of the world’s largest crude exporter added in remarks to Bloomberg that… Read More »