Tag Archives: saudi

Saudi helicopter crash supposedly kills high-ranking prince

Sunday, Nov. 5, 2017|3:52 p.m.

DUBAI, United Arab Emirates– Saudi authorities say a helicopter carrying federal government officials has crashed in the kingdom’s south, reportedly eliminating a high-ranking prince and seven others.

The Saudi Interior Ministry said early Monday that the crash occurred in Saudi Arabia’s Asir province.

They offered no cause for the crash, but stated a search of the wreckage was underway.

The Saudi-owned satellite news channel Al-Arabiya says the crash killed Prince Mansour bin Murquin and seven others. Prince Mansour is the deputy guv of Asir province.

Prince Mansour is the kid of Prince Muqrin bin Abdulaziz, a former director-general of the Saudi Intelligence Agency and a one-time crown prince of the kingdom. Prince Muqrin was removed as crown prince in April 2015 by King Salman. The crown prince now is King Salman’s 32-year-old son.

Russian envoy visits Saudi Arabia for Syria, Gulf talks

Sunday, Sept. 10, 2017|6:10 a.m.

RIYADH, Saudi Arabia– The Saudi king and Russia’s foreign minister fulfilled in Saudi Arabia on Sunday ahead of a possible go to by the monarch to Russia next month.

King Salman greeted Sergey Lavrov at his summer season palace in the Red Sea city of Jiddah before the Russian envoy’s conference with Crown Prince Mohammed bin Salman. The king’s 32-year-old child and beneficiary to the throne, who manages Saudi energy and defense policy, checked out Russia in Might to boost ties between the world’s two top oil manufacturers.

Saudi Arabia’s state news agency said the queen and Lavrov talked about the wars in Syria and Yemen, along with an Arab diplomatic crisis with Qatar.

Russia and Saudi Arabia back warring sides in Syria’s dispute, with the kingdom supporting Sunni rebel groups battling the Syrian government, which is backed by Moscow and Shiite-ruled Iran. In a quick press conference with Saudi Foreign Minister Adel al-Jubeir in Jiddah, Lavrov said Russia supports Saudi Arabia’s efforts to unify the Syrian opposition into one group.

Lavrov is arranged to go to Jordan next. Last month, the Arab diplomatic crisis with Qatar drew Lavrov to the region, where he met leaders in Kuwait, the United Arab Emirates and Qatar.

Over the weekend, Saudi Arabia’s crown prince and Qatar’s judgment emir spoke for the very first time since a diplomatic crisis appeared in June, however the call just resulted in more public squabbling. Saudi Arabia, the UAE, Bahrain and Egypt cut ties with Qatar over its ties with Islamist groups and relations with Iran. The four likewise implicate Qatar of supporting extremist groups.

On the other hand, Qatar has actually transferred to secure even closer ties with Russia through a $3 billion financial investment to obtain a stake in Russia’s Rosneft oil business.

As the world’s biggest oil producers, Saudi Arabia and Russia have actually worked carefully to curb oil production in an effort to fortify rates, nevertheless the 2 are also in strong competition for a larger share in China’s growing market.

Blackstone To Launch $40 Billion Facilities Mutual fund with Saudi Arabia

Over the weekend while President Donald Trump remained in Saudi Arabia, Blackstone and the general public Mutual fund of Saudi Arabia signed a memorandum of releasing a brand-new infrastructure financial investment lorry. PIF will anchor the fund with a $20 billion financial investment.

Blackstone prepares for that the program will have $40 billion in overall equity commitments in an irreversible capital car, including $20 billion to be raised from other investors.

The memorandum is non-binding and the celebrations will continue their settlement to agree conclusive documents.

If it comes to fruition, the quantity raised would equal what Blackstone has purchased infrastructure over the last 15 years.

In general, through the equity in this automobile and additional debt funding, Blackstone expects to buy more than $100 billion of infrastructure jobs, primarily in the United States.

This vehicle launches a brand-new organisation for Blackstone with PIF as a tactical partner. This collaboration between PIF and Blackstone is the conclusion of a year’s conversations between the 2 organizations, which started in May 2016.

“The Public Investment Fund’s international investment strategy is built on establishing strong international partnerships and recognizing chances to optimize sustainable returns for the people of Saudi Arabia,” stated H.E. Yasir Al Rumayyan, managing director of the general public Mutual fund of the Kingdom of Saudi Arabia. “This potential financial investment reflects our positive views around the ambitious infrastructure initiatives being undertaken in the United States as announced by President Trump, and the strategic chance for the Public Investment Fund to achieve long-term returns given historic investment deficiencies.”

Blackstone’s new program will assist the United States address its substantial requirement for infrastructure enhancement. United States facilities is graded D+ by the American Society of Civil Engineers (ASCE), and the deteriorated state of its infrastructure is approximated to cost each American household $3,400 per year, inning accordance with Blackstone.

Independent approximates put the country’s infrastructure funding space at as much as $2 trillion, requiring significant domestic and international private sector investment. Facilities financial investment plans currently under factor to consider at the Federal level in the United States are anticipated to produce as lots of as 15 million jobs, while also improving America’s economic growth, efficiency, and worldwide competitiveness.

“There is broad contract that the United States urgently has to invest in its quickly aging facilities,” said Hamilton E. James, Blackstone president. “This will create well-paying American tasks and will lay the foundation for more powerful long-term financial development. Blackstone has the talent, scale and experience to be an effective economic sector partner in filling the enormous facilities funding space. We thank PIF for its strong recommendation of the United States and its vote of confidence in our nation and Blackstone in making this investment.”

The Public Investment Fund of Saudi Arabia has a varied portfolio comprised of roughly 200 investments, of which around 20 are noted on the Tadawul, the Saudi Stock Exchange. The PIF is expected to finish next year a preliminary public sale of Saudi Aramco, officially the Saudi Arabian Oil C., the nation’s national petroleum and gas company based in Dhahran. The sale is expected to produce $100 billion for PIF.

Saudi king names child as United States envoy as ties improved with Trump

Sunday, April 23, 2017|5:38 a.m.

RIYADH, Saudi Arabia– Saudi Arabia’s King Salman provided a decree late Saturday naming among his kids, an air force pilot who has participated in coalition strikes versus the Islamic State group, as the kingdom’s brand-new ambassador to the United States

. The consultation of Prince Khaled bin Salman to Washington signifies the kingdom’s passion to strengthen bilateral ties under President Donald Trump. As the king’s son, the prince has a direct line to the Saudi king.

Saudi Arabia is the world’s third biggest defense spender. Prince Khaled’s consultation positions him as an influential broker in handle U.S. producers.

Saudi-U.S. relations had cooled under the Obama administration after Washington pursued a nuclear accord with Shiite-ruled Iran that the Sunni-ruled kingdom strongly opposed. Saudi Arabia and Iran are regional rivals, and back opposing sides in the wars in Syria and Yemen.

Relations with the Riyadh have enhanced considering that Trump took office. King Salman dispatched his most powerful son, Deputy Crown Prince Mohammed bin Salman, who is also defense minister, to fulfill Trump at the White House last month. Saudi Arabia was quick to applaud Trump’s missile strike on a Syrian military base in response to an apparent chemical weapons attack on civilians.

Prince Khaled is a former F-15 pilot who finished military-aviation training from Columbus Air Force Base in Mississippi in 2009 and participated in anti-IS strikes in 2014 as part of the U.S.-led coalition. He also participated in flight missions over Yemen, where the kingdom has been bombing a Yemeni faction aligned with Iran for more than 2 years.

The Saudi-owned Al-Arabiya news site states the prince studied briefly at Harvard University and Georgetown University. The news site says he trained at Nellis Flying force Base in Nevada, however that a back injury forced him to stop flying.

He has been an adviser at the Saudi Embassy in Washington because late in 2015.

U.S. officials say the Trump administration is thinking about methods to improve military support for the Saudi-led battle versus Iran-backed rebels in Yemen. The U.S. already is assisting the Saudis with intelligence and logistical assistance for the bombing campaign in Yemen, and could help with greater intelligence support to counter Iranian influence there.

Prince Khaled will be changing Prince Abdullah Al Saud, who served in the post for just 18 months. Though a member of the royal household, Prince Abdullah was not viewed as part of the inner Al Saud circle and is not a direct grandson of Saudi Arabia’s creator, King Abdulaziz.

Days prior to being alleviated of his post in Washington, Prince Abdullah published an op-ed in the Wall Street Journal requiring ongoing U.S. willpower to end the conflict in Syria.

He said Saudi Royal Air Force jets running from a base in southern Turkey have conducted more than 340 strikes versus Islamic State targets in Syria since February.