May 16, 2022
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Middle East

Saudi Arabia transfers $80bn in shares to wealth fund for green projects

Saudi Arabia has transferred shares worth $80bn to its sovereign wealth fund as the oil-rich nation hopes to rival Norway and Singapore’s state-managed funds and invest in green projects. Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, said 4% of shares in Saudi Aramco, the world’s biggest oil exporter, would be transferred to the […]
Asia Middle East

Lebanon wants ‘best relations’ with Saudi Arabia, GCC, Aoun says

aljazeera– Lebanese President Michel Aoun says his country wants the “best relations” with Saudi Arabia and other Gulf countries amid an ongoing diplomatic rift with the Gulf Cooperation Council (GCC). In an exclusive interview with Al Jazeera, Aoun said on Monday evening that his country is seeking to reconcile with Saudi Arabia, which severed diplomatic […]