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Exclusive: West wants Saudi not to neutralize oil release

Oil consuming nations may seek reassurance from Saudi Arabia that it will not cut oil production and neutralize the impact on oil prices if consumer countries release emergency reserves, diplomats and industry sources said.

 

U.S. asks Saudis to lift oil output from July

Saudi Arabia

The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.

 

Report: Saudi Arabia to buy nukes if Iran tests A-bomb

Saudi Arabia

Saudia Arabia would move quickly to acquire nuclear weapons if Iran successfully tests an atomic bomb, according to a report. Citing an unidentified Saudi Arabian source, the Times newspaper in the U.K. (which operates behind a paywall) said that the kingdom would seek to buy ready-made warheads and also begin its own program to enrich weapons-grade uranium.

 

Hackers disrupt Israel airline, stock market sites

Middle East Hackers

A hacker network that claims to be based in Saudi Arabia paralyzed the websites of Israel's stock exchange and national airline on Monday, escalating an international cyber war that has jolted this security-obsessed country.

 

U.S., Saudi Arabia strike $30 billion arms deal

F-15 Fighter Jet

The Obama administration on Thursday announced an arms deal with Saudi Arabia valued at nearly $30 billion, an agreement that will send 84 F-15 fighter jets and assorted weaponry to the kingdom.

 

Saudi Prince Invests $300M in Twitter

Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, giving the microblogging site a cash boost as it looks to entice more users and paying advertisers.

Senh: Twitter can't go public until they can demonstrate some kind of revenue stream. Looks like they're getting private money to make that happen. Without a decent revenue stream, they can't go public. They can, but it would probably tank after the initial round of trading.

 

Man Charged With Plotting to Kill Saudi Ambassador Pleads Not Guilty

A man charged in a plot to assassinate the Saudi ambassador to the United States has pleaded not guilty in a New York City courtroom. Manssor Arbabsiar, who did not speak during the proceeding, entered a not guilty plea on each of the five counts.

 

Iran may face 'serious consequences' over plot

Iran may face 'serious consequences' over plot

Vice President Biden says the "entire world" should unite against Iran for its alleged plot to kill the Saudi envoy to the U.S.

 

Saudi women given right to vote

Saudi Arabia will allow women to stand for election and vote, the king announced on Sunday, in a significant policy shift in the conservative Islamic kingdom.

 

Kingdom Tower: Stunning new images of world's tallest tower in Saudi Arabia

Kingdom Tower: Stunning new images of world's tallest tower in Saudi Arabia

The $1.2 billion Kingdom Tower, which will stretch 3,280ft into the Saudi Arabian sky, has so far only been illustrated through concept sketches.

 

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