In the context of the visit of the Saudi Crown Prince of Saudi Arabia, Mr. Mohammed Bin Salman to Athens last July, interest was expressed in the creation of a commercial center in Greece. The President of SEVE, Mr. Symeon Diamantidis, who participated in this visit, proposed that this center be located in Thessaloniki in […]
Tag: Saudi Arabia
Saudis are running out of patience with Biden – What’s behind the threat to cut oil production
By Dan Eberhart This week Saudi Arabia threatened to cut production and prop up oil prices. OPEC+’s informal leadership has cited various reasons to justify its position, but the reasoning behind the move has a political underpinning – specifically, the Saudis’ distrust of the Biden administration. It is no coincidence that the threat to cut […]
What does the investment of Saudi Arabia’s ‘oilers’ in electric car batteries mean?
By Anjani Trivedi The world’s oil capital wants to switch to electricity and clean energy. To do this, it is reaching out to minerals critical to batteries and taking a stake in the electric vehicle supply chain. This will understandably send countries and companies prone to announcing ambitious plans, but then doing little to make […]
Saudi Arabia’s economy is growing rapidly but this time it is not just focused on oil
The more than 300 apartments in Abdulsalam Almajed’s new compound in Riyadh were sold in just one month for cash, without him even having to advertise. Of course, it’s no surprise that the real estate market in the world’s largest oil exporter is “hot” as the proceeds from rising energy prices spill over into the […]
What does Xi Jinping’s visit to Saudi Arabia mean?
By Kostas Raptis February 14, 1945 is a day that sealed the face of our world to this day. This is the day on which in the Great Bitter Lake of the Suez Canal the then US President Franklin Roosevelt (who was to die two weeks later) aboard the battleship USS Quincy met with the […]
USA: In UAE, Oman, Saudi Arabia the special representative of the USA on the issue of Yemen
The US State Department announced Thursday that its special envoy, Tim Lederking, is embarking on a tour of the United Arab Emirates, Oman and Saudi Arabia to try to secure the consolidation of a fragile truce in Yemen, a country ravaged by eight years of war. The special envoy will try to “pave the way […]
Losses for Turkish lira after reports of petrodollar ‘injections’ from Saudi Arabia
Turkey’s battered lira rallied against the greenback late on Wednesday before starting a new downward slide after the news that Saudi Arabia may deposit up to $20 billion in Turkish bonds and accounts. The pound was trading down 0.50% at 17.9623 per dollar by 1:00 p.m. Greek time at the Istanbul Stock Exchange on Thursday. […]
Saudi Arabia is expected to join the group of countries with a GDP of more than $1 trillion, boosted by oil
By Dominic Dudley Saudi Arabia is about to join the club of countries whose economy exceeds 1 trillion. dollars this year, boosted by rising oil revenues in the wake of Russia’s invasion of Ukraine. In 2021 there were 18 countries with a GDP greater than 1 trillion. dollars, according to the IMF. At the top […]
Former Twitter employee found guilty of spying for Saudi Arabia
Former employee of Twitter Inc. was found guilty on Tuesday of spying on users of the social networking site of the same name on behalf of Saudi Arabia, which wanted to know the identity and other details of people who criticized the kingdom or the royal family. A San Francisco jury has ruled that Ahmad […]
Saudi Arabia: Opened its airspace to flights to and from Israel
Saudi Arabia recently opened its airspace to flights to and from Israel for the first time since announcing the lifting of the ban in the middle of last month. The first aircraft to fly over Saudi Arabia, having secured Riyadh’s permission, belongs to Air Seychelles. The flight to the Indian Ocean island nation departed from […]