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Tag: saudi arabia
Saudi Arabia opens $585B stock market to foreign investors
2015-06-15 10:54:06| Chemicals - Topix.net
Saudi Arabia's stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise money straight from foreign investors, with the goal of expanding businesses, diversifying the economy and creating more jobs for the kingdom's growing population.
Tags: market
stock
foreign
opens
US overtakes Saudi Arabia as biggest oil producer in 2014, report says
2015-06-11 01:00:00| Hydrocarbons Technology
According to a report from BP, US has overtaken Saudi Arabia as the world's biggest oil producer in 2014.
Saudi Arabia: an unlikely ally in the march towards renewable energy
2015-06-04 14:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: If the 19th-century epitome of a futile economic transaction was carrying coals to Newcastle, then the 20th century equivalent might have been importing oil to Saudi Arabia. Rarely has a country been so spectacularly well endowed with a resource so fundamental to the functioning of the global economy in a particular era. How striking, therefore, to learn that the Saudi oil minister, Ali al-Naimi, is predicting that within just 25 years we could no longer need fossil fuels. This, from a representative...
Tags: march
energy
towards
arabia
Saudi Arabia Says It's Ditching Fossil FuelsKinda
2015-05-29 14:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Vice: Saudi Arabia seems to see the writing on the wall when it comes to climate change, but experts think the Kingdom's oil exports are too profitable for it to ever abandon the fossil fuel industry entirely. In comments to a recent gathering of business and political leaders in Paris, Saudi Arabia's oil minister, Ali al-Naimi, suggested that his nation would phase out domestic consumption of fossil fuels by the middle of the century. He also declared that Saudi Arabia would become a major producer...
Tags: arabia
saudi
saudi arabia
fossil
Opinion: Saudi Arabia Continues To Turn Screws On US Shale
2015-05-13 11:55:34| Green Car Congress
Tags: us
turn
opinion
continues
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