Saudi Arabia
| Use attributes for filter ! | |
| Currency | Saudi riyal |
|---|---|
| Capital | Riyadh |
| Dialing code | +966 |
| Population | 32. 94 million (2017) |
| Did you know | Saudi Arabia is the fifth-largest Middle Eastern country by population (31,521,000). |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1380637 |
About Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.
Oil firms commit to major fossil fuel cut by 2050 at COP28
... Saudi Arabia s Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050...
COP28: Huge rise in oil drilling expected from hosts UAE
... Between 2023 and 2050, only Saudi Arabia is expected to produce more...
COP28: Can a climate summit in an oil state change anything?
... But which countries - if any - will put money in the fund? The European Union has indicated it is going to open its wallet, but what about the US and other big economies? China, Saudi Arabia and the Gulf States are still defined as developing countries for COP purposes, by the way, and therefore aren t obliged to pay into funds like this - a big bone of contention...
Saudi investment fund to buy 10% stake in Heathrow airport
...By Mariko OiBusiness reporterSaudi Arabia s Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial...
COP28: UAE planned to use climate talks to make oil deals
... The briefings show the UAE also prepared talking points on commercial opportunities for its state renewable energy company, Masdar, ahead of meetings with 20 countries, including the UK, United States, France, Germany, the Netherlands, Brazil, China, Saudi Arabia, Egypt and Kenya...
Allow more aid into Gaza, Lord Cameron urges Benjamin Netanyahu in Israel
... Counterparts from Saudi Arabia, Jordan, Egypt, Turkey, Indonesia and Nigeria were there, as well as the secretary general of the League of Arab States and the ambassador of Qatar...
Japan condemns Yemen's Houthi rebels hijack of cargo ship in Red Sea
... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...
Yemen's Houthi rebels hijack cargo ship in Red Sea
... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...
Saudi investment fund to buy 10% stake in Heathrow airport
By Mariko OiBusiness reporter
Saudi Arabia 's Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow Airport from Spanish infrastructure giant Ferrovial.
Another 15% in its parent company, FGP Topco, will be sold to French-based private equity fund Ardian.
Ferrovial, which has owned a stake since 2006, announced that The Deal was worth £2. 37bn ($3bn).
The transaction is still subject to regulatory conditions, according to The Firm .
If approved, The Deal would end Ferrovial's investment in the UK airports' operator which started at 56% but was reduced to 25% by 2013.
Other stakeholders in FGP Topco include Qatar Investment Authority, Caisse de dépôt et placement du Québec, Singapore's GIC, Australian Retirement Trust, China Investment Corporation and Universities Superannuation Scheme.
The Airport has been losing money this year because of its significant debt which is affected by aggressive hikes in the cost of borrowing.
The Civil Aviation Authority which go towards costs for terminals runways, baggage systems and security.
The average charge per passenger at Heathrow for 2023 is £31. 57 but the regulator said this would fall to £25. 43 in 2024 and " remain broadly flat" until The End of 2026.
It is understood bosses at Heathrow wanted charges to actually increase to More Than £40, while airlines proposed they should be no More Than around £18. 50.
is one of The World 's most active sovereign wealth funds with More Than $700bn in assets thanks to its oil wealth, which has recently been investing in sport such as football and golf.
But the fund is controlled by Saudi Arabia 's prince Mohammed bin Salman Al Saud whose government has been accused of numerous Human Rights violations.
US intelligence has said it believes Prince Mohammed ordered the 2018 killing of a US-based journalist, Jamal Khashoggi , though The Prince and he has also been invited to visit the UK.
Related TopicsSource of news: bbc.com
