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- I guess by now we all know that Saudi Arabia will not raise its production capacity beyond 13 million barrels a day by 2027 after the Kingdom's Crown Prince Mohammed bin Salman made it clear in his address during the regional summit this month that was attended by US President Joe Biden. ...
- 18:31 Riyadh time: A message from Mohammed Barkindo. “You’ve indeed been a worthy ambassador to our country, President Buhari tells Barkindo, outgoing OPEC secretary- general,” the message read. 19:34 Riyadh time: “Mashallah Wali... Well deserved recognition after all these years and ac...
- With the departure of Nigeria’s Mohammed Barkindo, the age of the giants heading the secretariat of the Organization of the Petroleum Exporting Countries will come to an end. In six months, Kuwaiti Faisal Al-Ghais will replace Barkindo and manage OPEC’s affairs for another six years till the ...
- I was both sad and happy when I heard yesterday that Haitham Al-Ghais has been appointed the next secretary general of the Organization of Petroleum Exporting Countries. The sadness is due to the departure of the current secretary general, Mohammed Barkindo, who will step down in July after s...
- Saudi Arabia’s Public Investment Fund was left out of the global top 10 rankings for sovereign wealth funds last year — but that is really a good thing. Ever since the fund began to invest abroad, some Saudis worried that it would fail because it was “new in the game.” Their worries were ju...
- The last time I attended the annual gathering of the Gulf Petrochemicals and Chemicals Association was a decade ago. There was a lot of fanfare in those days about petrochemical projects. Aramco was working on its megaproject Sadara and SABIC was busy with many other ventures and looking for ...
- When you enter search terms such as “invest” and “Saudi” using Google, Twitter, or any other social media, the result is often a mix of shock and negativity. Apparently, there are too many angry people out there who are still not happy with many things Saudi Arabia is doing....
- If it wasn’t for the agreement that the Organization of the Petroleum Exporting Countries and its allies signed in Vienna five years ago, OPEC+ wouldn’t be meeting today or celebrating its triumph over the market. In the words of OPEC Secretary-General Mohammad Sanusi Barkindo: “The ‘Vienna A...
- Startups who become $1 billion business, better known as unicorns, are one of the most interesting business phenomena of today. Cities worldwide are now competing explicitly or implicitly to become capitals of unicorns as they can transform the whole business landscape and the local economy. ...
- What will happen if oil prices surpass $80 a barrel, as Goldman Sachs predicted a few months ago? This week, the company’s analysts updated their forecast and now believe prices could hit $90 by the end of the year. Their counterparts at JP Morgan have gone even further, predicting a price of...
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