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Category Archives: Economic history of Saudi Arabia

Saudi Arabia Launches Misguided $19 Billion Stimulus In Desperate Bid To Kickstart 2018 Growth

If you haven’t been living under a rock in recent months, it’s been impossible to miss the turmoil in Saudi Arabia and its relations with the outside world. A few weeks ago we published a piece by Chris Martenson of PeakProsperity.com “If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention”. Martenson argued. […]

Is The Aramco IPO On The Brink Of Collapse?

Authored by Nick Cunningham via OilPrice.com, In what could be a humiliating decision, Saudi Aramco is considering not staging an IPO next year as planned, due to the difficulty of pulling off an international listing. On Friday, the Financial Times reported that Aramco is weighing a different strategy: selling stakes in the company to private […]

Higher Oil Prices Could Threaten Saudi Vision 2030

Authored by Irina Slav via OilPrice.com, Saudi’s headlines keep rolling in. Saudi Arabia is deepening its ties with Russia, with billions of investments planned for the future. Saudi Arabia is going to allow women to drive. Saudi Arabia booked a second quarterly GDP contraction in a row, with non-oil revenues particularly worrying. Saudi Arabia is […]

In Historic Reversal, Saudi Arabia Allows Women To Drive

In an unprecedented step for a country where a sprawling monarchy has managed to cling to power in part because of its concessions to hardline conservative clerics, Saudi Arabia announced today that its King Salman has issued a historic royal decree granting driving licenses for women in the kingdom, meaning that women will soon be […]

Are Russia And The Saudis Planning A Natural Gas Cartel?

Authored by Cyril Widdershoven via OilPrice.com, The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. At the same time, Russia and Saudi continue to give indications of a possible OPEC 2.0 scenario, in which […]

Will Fear Of A Terror Lawsuit Stop The Saudis From Listing Aramco In the US?

The signing of a $350 billion arms deal between the Kingdom of Saudi Arabia and the US might not be enough to convince the Saudis to bring the Aramco IPO – expected to be the biggest public offering in markets history – to New York City. While the Saudi royal family, who hosted the president […]

Trump Signs “Single Largest Arms Deal In US History” With Saudi Arabia Worth $350 Billion

When all other sources of economic growth appear tapped out, there is always the military-industrial complex coming to the rescue of US GDP with the sale of arms and equipment to the world’s biggest purchaser of weapons: Saudi Arabia. Because when one looks beyond the pageantry, pomp and circumstance of Trump’s visit to Saudi Arabia, […]

A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

As Saudi Arabia's deputy crown prince pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman's estimate "unrealistic and mind blowing." Since […]

Who Holds The Power In Today’s Oil Market?

Authored by Osama Rizvi via OilPrice.com, Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil market. The most significant of these questions relates to whether Saudi Arabia is losing its grip on the global […]

Saudi Crown Prince Flies To Washington To Meet With Donald Trump

Saudi Deputy Crown Prince, Mohammed bin Salman, responsible for the kingdom’s reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to pitch the world’s top oil exporter as an attractive investment destination. It will be the first meeting since Trump took office in January between the U.S. President and […]