Tag: Saudi Arabia

Qatar Cut Off by Neighbors

Saudi Arabia and other neighbors of Qatar have accused Qatar of supporting terrorism and embracing Iran, and have cut it off. Diplomatic communications and air transport was halted. Embassies, borders, air space, and maritime access (40% of Qatar’s food supplies come from Saudi Arabia by boat) were shut off. It is considered a dramatic escalation … Read more

Bomb Attack in Saudi Arabia

In the Sunni-majority city of Qatif in the Eastern Province, a large car bomb was detonated this week, the latest in a string of attacks. Some Sunni (sometimes ISIS-linked), who make up only 15% of Saudi Arabia, have been attacking the country’s Shia for a few years now. Read more

Saudi Oil Is Going Public – Biggest IPO in History

The Saudi Arabian Oil Co., or Aramco, with an estimated value of over $2 trillion, is going public. The exact value of the nationally-owned company has never been officially provided by Saudi Arabia, but because of the upcoming partial privatization — a move to prepare the country for a post-oil era — the book value might … Read more