Saudi Arabia

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This Will Be the Biggest IPO in History

Saudi oil company sets sale at 3 billion shares for $8.53 each

(Newser) - Saudi Aramco's pricing for its initial public offering gives the oil company a valuation that—at $1.7 trillion—falls short of the $2 trillion that Crown Prince Mohammed bin Salman hoped for. But selling 3 billion shares at $8.53 apiece would still bring in $25.6 billion,...

Twitter Employees Spied on Users for Saudis: Prosecutors

Two men who looked up data received cash and designer watch, complaint says

(Newser) - Two former Twitter employees face federal charges after prosecutors said they were paid to look up users' private information in an effort against critics of Saudi Arabia's government. The two are charged with acting as foreign agents without registering with the US. It's the first time federal prosecutors...

Saudis Ready a Huge IPO
Get Ready for a Huge IPO
Nov 3, 2019 7:53 AM CST

Get Ready for a Huge IPO

After years of delays, offering of state-owned oil giant Saudi Aramco is finally underway

(Newser) - Saudi Arabia began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions for a stake in the kingdom's crown jewels, reports the AP . An approval by Saudi Arabia's Capital Market Authority served...

Pentagon: We're Sending Jets, Other Air Defense to Saudis

Defense Secretary Mark Esper announces move after Iran claims 2 missiles struck its tanker

(Newser) - The US will send fighter jets and additional air defenses to Saudi Arabia to defend the kingdom against Iran amid heightened tensions between the two Middle Eastern adversaries, Defense Secretary Mark Esper said Friday. Esper announced the deployment of several dozen fighter jets, along with other aircraft and additional air...

Iran Claims Attack of 'Dangerous Adventurism'

Saudi Arabia hasn't yet commented on reported missile strike off its coast against tanker

(Newser) - Two missiles struck an Iranian tanker traveling through the Red Sea off the coast of Saudi Arabia Friday, Iranian officials said, the latest incident in the region amid months of heightened tensions between Tehran and the US. Saudi officials didn't immediately respond to requests for comment, per the AP...

&#39;It Was Easy to Forget, Later, That He Was a Man in Love&#39;
Telling the Full Story
of Khashoggi's Murder
longform
Oct 2, 2019 3:30 PM CDT

Telling the Full Story of Khashoggi's Murder

On the first anniversary of his death

(Newser) - On Oct. 2, 2018, the journalist Jamal Khashoggi was murdered in the Saudi consulate in Istanbul. One year later, Insider tells the story "as we know it," based on a 100-page report by the UN special rapporteur for extrajudicial, summary, or arbitrary executions released in June, hundreds of...

King Salman's Bodyguard Killed in 'Personal Dispute'

Saudi Arabia pays tribute to Gen. Abdel Aziz al-Fagham

(Newser) - A well-known bodyguard to the king of Saudi Arabia was shot to death at the home of a friend, state TV said. Gen. Abdel Aziz al-Fagham was involved in a "personal dispute" Saturday night with the friend, per the BBC , who left the house and returned with a gun....

WH Concealed Calls With Putin, Crown Prince: Report

As well as reported convo in which Trump told Russians election interference didn't concern him

(Newser) - As an impeachment inquiry into President Trump gains momentum after a whistleblower complaint regarding his July phone call with Ukrainian President Volodymr Zelensky, more stories are breaking that suggest a concealment like the one alleged after the Trump-Zelensky call may not have been limited to that call. Sources tell CNN...

A Year On, Saudi Crown Prince Talks Khashoggi

MBS says murder 'happened under my watch' but denies knowledge of it

(Newser) - Saudi Arabia's crown prince has accepted responsibility for the first time in Jamal Khashoggi's murder at the kingdom's Istanbul consulate last October—though he still claims he had no knowledge of it. "I get all the responsibility, because it happened under my watch," Mohammed bin...

Johnson: UK Has Determined Iran Was Behind Saudi Attack

He says Britain might join military effort

(Newser) - Britain has concluded that Iran was responsible for attacks on oil facilities in Saudi Arabia, Prime Minister Boris Johnson said Sunday. He said the UK would consider taking part in a US-led military effort to bolster the Gulf kingdom's defenses. But the Conservative prime minister also said the UK...

US Sending Troops to Saudi Arabia, UAE

No military strike against Iran yet, though

(Newser) - The Pentagon on Friday announced it will deploy additional US troops and missile defense equipment to Saudi Arabia and the United Arab Emirates, as President Trump has at least for now put off any immediate military strike on Iran in response to the attack on the Saudi oil industry. Defense...

Iran Envoy Warns of &#39;All-Out War&#39;
Iran Envoy Warns
of 'All-Out War'
Sep 20, 2019 4:21 AM CDT

Iran Envoy Warns of 'All-Out War'

Zarif asks if Saudi Arabia wants to 'fight Iran until the last American soldier'

(Newser) - Any attack on Iran by the US or Saudi Arabia will spark an "all-out war," Tehran's top diplomat warned Thursday, raising the stakes as Washington and Riyadh weigh a response to a drone-and-missile strike on the kingdom's oil industry that shook global energy markets. The comments...

Pompeo: Saudi Oil Attack an 'Act of War' by Iran

As Trump hits Iran with new sanctions

(Newser) - President Trump may have hedged on officially naming Iran as the party responsible for the weekend attack on Saudi oil facilities, but he lowered the financial kibosh on Tehran on Wednesday morning, Bloomberg reports. "I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the...

Saudis Edging Closer to Accusing Iran

Meanwhile, repairs may be made much faster than expected

(Newser) - Saudi Arabia is closer than ever to officially blaming Iran for the attack on its oil infrastructure, reports the Wall Street Journal . “Everything points to them,” an anonymous Saudi official tells the newspaper. “The debris, the intel, and the points of impact.” The investigation suggests Iran...

Saudis Skeptical About Rebels&#39; Claim on Bombing
Saudis Skeptical About
Rebels' Claim on Bombing
the rundown
Sep 16, 2019 11:43 AM CDT

Saudis Skeptical About Rebels' Claim on Bombing

Did the strikes come from inside Yemen or maybe inside Iran?

(Newser) - So who bombed Saudi Arabia's oil infrastructure over the weekend? The US is blaming Iran, while Iran denies any involvement, and some new developments Monday morning have only added more confusion to the situation. Coverage:
  • The Saudis: A Saudi military spokesman said Monday that Iranian weapons were used in
...

Trump: US 'Locked and Loaded' After Hit on Saudi Oil Facility

Oil prices surge after Saudi facilities hit

(Newser) - President Trump didn't mention Iran in a tweet Sunday about Saturday's attack on oil facilities in Saudi Arabia—but he strongly suggested possible military action against the perpetrators. "There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are...

Iran: It Wasn&#39;t Us
Iran: It Wasn't Us 
Sep 15, 2019 7:51 AM CDT

Iran: It Wasn't Us

Calls US stance toward Tehran 'maximum lies'

(Newser) - Iran denied on Sunday it was involved in Yemen rebel drone attacks the previous day that hit the world's biggest oil processing facility and an oil field in Saudi Arabia, just hours after Secretary of State Mike Pompeo alleged that Tehran was behind the "unprecedented attack on the...

Pompeo Blames Iran
Pompeo: It's Iran's Fault
Sep 14, 2019 4:30 PM CDT

Pompeo: It's Iran's Fault

The Secretary of State points a finger after drone strike in Saudi Arabia

(Newser) - Forget Yemen. This was all Iran. That was the Secretary of State Mike Pompeo's take Saturday after drone attacks struck Saudi Arabian oil facilities and choked half the country's crude production, the Wall Street Journal reports. Pompeo tweeted that it was "an unprecedented attack on the world'...

Burning Oil Facility Lights Up the Sky
Drones Strike
Major Oil Facility
Sep 14, 2019 11:00 AM CDT

Drones Strike Major Oil Facility

Iranian-backed Houthis strike in Saudi Arabia

(Newser) - Drones launched by Yemen's Houthi rebels attacked the world's largest oil processing facility in Saudi Arabia and another major oil field Saturday, sparking huge fires at a vulnerable chokepoint for global energy supplies, the AP reports. It remained unclear hours later whether anyone was injured at the Abqaiq...

Khashoggi 'Murder Transcript' Reveals His Final Words

His killers tried to force him to send message to son

(Newser) - Jamal Khashoggi's murderers tried to force him to send a message to his son, according to Turkey's Sabah newspaper, which says it has obtained recordings from the day the Saudi journalist was murdered inside the kingdom's Istanbul consulate. In transcripts published by the newspaper, a forensic expert...

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