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Business Saudi Arabia


  • Saudi Investor Buys 3.3 Billion Pound HSBC Stake Monday, 16 Apr 2007 | 10:25 AM ET

    A Saudi Arabian investor has bought a 3.3 billion pound ($6.6 billion) stake in Europe's biggest bank HSBC Holdings in the past two months, and sees the stake as a long-term investment, his spokesman said.

  • Mitsui Wins $763 Million Order for Saudi Railway Monday, 2 Apr 2007 | 10:41 PM ET

    Mitsui & Co.,  Japan's second-biggest trading house, has won a $763 million contract  order together with a group of companies for a railway construction project in Saudi Arabia.

  • Can Saudis Still Call The Shots On Oil? Wednesday, 31 Jan 2007 | 12:00 PM ET

    If you’ve been paying attention to the oil market lately, you’ve probably spent some time scratching your head. Crude oil prices seem to fluctuate on a day-to-day basis now, leaving investors to wonder when the volatility will end – and what’s behind it.

  • OPEC could make oil production cuts for the second time this year--so says the Saudi Oil Minister Ali Naimi. He says supply continues to outweigh demand. But it's not a done deal. The oil organization could wait until their December meeting in Nigeria-- to assess the impact of the October cuts--before cutting even more production