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The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
Keywords:
The economy of Saudi Arabia - 2010-2016
02/15/2011
Grouped Articles
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink Deficit
New York Times 12/28/2015
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia Approves Economic Reform Program
Wall Street Journal 04/26/2016
Saudi Arabia’s post-oil future
Economist 04/29/2016
From Tunis to Cairo to Riyadh?
Wall Street Journal 02/15/2011
Calm in Saudi Arabia Speaks Volumes
BusinessWeek 02/23/2011
King Salman of Saudi Arabia 2015-
01/23/2015
Grouped Articles
New Saudi King and U.S. Face Crucial Point in the Relationship
New York Times 01/23/2015
Saudi Arabia’s Succession Line Is Set, but the Nation’s Path Remains Uncertain
New York Times 01/23/2015
Washington Post 01/24/2015
Washington Post 01/24/2015
Saudis Aim to Project Stability
Wall Street Journal 01/26/2015
A Smooth Saudi Succession, but a Rough Road Ahead
Wall Street Journal 01/26/2015
Saudi oil policy under King Salman in 2015-2016
01/23/2015
Oil policies will be decided by the same group of advisors around King Abdullah. As most advisors, including oil minister Naimi, 79, who conducts OPEC negotiations, are from an older generation, the long term future remains uncertain.
Grouped Articles
New King in Saudi Arabia Unlikely to Alter Oil Policy
New York Times 01/23/2015
Washington Post 01/24/2015
Washington Post 01/24/2015
King Salman of Saudi Arabia Names Mohammed bin Nayef Next in Line of Succession
New York Times 04/29/2015
A Saudi Royal Shake-Up With a Goal of Stability
New York Times 04/29/2015
Young Saudi Royals Rise as Kingdom Tries to Assert Regional Leadership
Wall Street Journal 04/30/2015
The planned creation of a Saudi sovereign wealth fund of about $2 trillion in 2017 with the sale of stock in Saudi Aramco
04/01/2016
The planned Saudi sovereign wealth fund would be a way to generate income from investments overseas. This would be used to support projects at home to employ the surging job seekers as about three times the jobs created in the 2003-2013 boom will be needed in future years, according to McKinsey consultants, because of the demographic changes.
Grouped Articles
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia Approves Economic Reform Program
Wall Street Journal 04/26/2016
Saudi Arabia’s post-oil future
Economist 04/29/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia Weighs Giving Up on International IPO for Aramco
WSJ 10/13/2017
Opinion: Saudi Arabia – progress, or megalomania? | Middle East | DW | 26.10.2017
DW.COM 10/26/2017
U.S. - Saudi economic relations
01/24/2015
Grouped Articles
Washington Post 01/24/2015
King Salman Upends Status Quo in Region and the Royal Family
New York Times 05/10/2015
Saudi Arabia Says King Won’t Attend Meetings in U.S.
New York Times 05/10/2015
Obama’s Mideast Mission: Get Saudis, Iran to Make Nice
Wall Street Journal 04/20/2016
New York Times 04/22/2016
Saudi Arabia, Ignoring Trump’s Slights, Will Give Him a Royal Welcome
The New York Times 05/18/2017
How the Saudis are coping with lower oil prices and revenues- cutting gasoline subsidies and other spending to reduce budget deficits in 2016
12/28/2015
Gasoline prices for some grades of gasoline sold in Saudi gas stations will increase by 50% as the Saudi Finance Ministry copes with dropping oil revenues. The 2016 budget shows adeficit of $87 billion compared to $98 billion in 2015. At this rate Saudi Arabia would exhaust its foreign exchange reserves of $640 billion by 2020. Saudi Arabia has a rapidly growing population which will increase budget pressures and local oil demand. Its defense spending to counter Iran and Russia in the Syria-Iraq conflict and in Yemen also affect spending. Lower oil prices are partly a result of the geopolitical conflict in the region and rivalry betweeen Iran backed by Russia and Sunnis led by the Saudi and Emirates, as well as technology in shale oil production. This comes at a good time for China as it slows, India as it increases its growth rate, and the U.S. and Eurozone as their economies recover from a deep recession, Japan as it improves its economy from low or no growth. For Russia it is seen as away to shift away from imports to domestic industry. For the Saudis an opportuntiy to cut subsidies and improve the productivity of spending.
Grouped Articles
Saudi Arabia, Squeezed by Low Oil Prices, Cuts Spending to Shrink Deficit
New York Times 12/28/2015
Oil Prices at $30 Bend Nations, But Which Ones Could Break?
Wall Street Journal 01/13/2016
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01/27/2016
Oil-Price Poker: Why the Saudis Won’t Fold ‘Em
Wall Street Journal 02/01/2016
Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth
New York Times 02/16/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
Plans for IPO by Saudi Aramco
01/12/2016
Grouped Articles
Saudi Arabia Could List Production Assets in Aramco IPO
Wall Street Journal 01/12/2016
Transcript: Q&A With Saudi Aramco Chairman Khalid al-Falih
Wall Street Journal 01/12/2016
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia Approves Economic Reform Program
Wall Street Journal 04/26/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia Weighs Giving Up on International IPO for Aramco
WSJ 10/13/2017
WSJ reporter Al Omran's interview with Saudi Aramco chairman Khalid al-Falih in Jan. 2016
01/12/2016
Grouped Articles
Transcript: Q&A With Saudi Aramco Chairman Khalid al-Falih
Wall Street Journal 01/12/2016
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia Weighs Giving Up on International IPO for Aramco
WSJ 10/13/2017
Saudi Arabia and oil prices- 2011-2018
02/04/2006
Grouped Articles
Oil Prices Continue Decline, Pressured by Saudi Action to Defend Market Share
New York Times 10/02/2014
OPEC Members’ Discord Adds to Slide in Oil Prices
Wall Street Journal 10/04/2014
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
New York Times 10/15/2014
Prince Mohammed bin Salman of Saudi Arabia
06/06/2015
Grouped Articles
Surprising Saudi Rises as a Prince Among Princes
New York Times 06/06/2015
Obama Pours Gas on the Mideast Fire
Wall Street Journal 07/17/2015
Saudi Arabia Approves Economic Reform Program
Wall Street Journal 04/26/2016
Saudi Arabia’s post-oil future
Economist 04/29/2016
Oil: What the Saudi Shake-Up Means
Wall Street Journal 05/13/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia's economy with cuts in spending- 2016-2017
02/16/2016
Grouped Articles
Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth
New York Times 02/16/2016
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia’s post-oil future
Economist 04/29/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia’s Economic Revamp Means More Jobs for Saudis—If Only They Wanted Them
WSJ 06/19/2018
U.S. - Saudi Arabia relations in 2015-2017
01/04/2016
Grouped Articles
U.S. in a Bind as Saudi Actions Test a Durable Alliance
New York Times 01/04/2016
Obama’s Mideast Mission: Get Saudis, Iran to Make Nice
Wall Street Journal 04/20/2016
New York Times 04/22/2016
Saudis and Extremism: ‘Both the Arsonists and the Firefighters’
The New York Times 08/25/2016
Saudi Arabia, Ignoring Trump’s Slights, Will Give Him a Royal Welcome
The New York Times 05/18/2017
$110 Billion Weapons Sale to Saudis Has Jared Kushner’s Personal Touch
The New York Times 05/19/2017
Saudi oil production policy in 2016, and the prospect of low oil prices for the long term
01/27/2016
With Iran expected to add its production to supplies following lifting of sanctions in 2016, the Saudis would lose market share if they cut production. The Saudis are also on opposite sides with Iran and the Shiite government in Iraq, in the Middle East conflict. Russia is also on the opposite side of this conflict. As a result the Saudis are likely to stick to policy of full production with no cutbacks for the long term. When the Saudis made the policy decision at OPEC meetings in 2014 to not cut back on production as prices declined, it may have been done with the idea of revising policy later on. In 2016 with added Iranian production, this flexibility is diminished. Russia's bombing campaign in Syria, and its ability to withstand sanctions and low oil prices because of a declining ruble, and the cutoff in diplomatic relations between Iran and Saudi Arabia, have put all sides in an economic war of attrition. The Saudis with $630 billion in reserves also see the ability to withstand low oil prices for the long term. Low oil prices help boost economies in the U.S, European Union, Japan, India, China, Turkey, and other countries as the global economy slows down in 2016.
Grouped Articles
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01/27/2016
Oil-Price Poker: Why the Saudis Won’t Fold ‘Em
Wall Street Journal 02/01/2016
Oil Output Freeze Is an Agreement With a Catch
New York Times 02/16/2016
Young Saudis See Cushy Jobs Vanish Along With Nation’s Oil Wealth
New York Times 02/16/2016
Weak Oil Prices Curbing Production
Wall Street Journal 04/13/2016
How OPEC lost control of the oil market - The Washington Post
Washington Post 04/15/2016
The Saudi currency, Riyal, its peg to the U.S. dollar and the impact of oil prices below $40 in 2016
01/06/2016
A weakening Riyal and the prospect of a removal of the peg to the dollar is seen as a possible economic policy action by the Saudis. Conversion to local currency of dollars at a higher rate would help the economy but pose difficulties for firms and consumers with rising import prices.
Grouped Articles
Pressure Grows on Saudi Arabia to Ditch Dollar Peg
Wall Street Journal 01/06/2016
Oil Plunge Sparks Bankruptcy Concerns
Wall Street Journal 01/12/2016
Saudi Arabia Says It Remains Committed to Dollar Peg
Wall Street Journal 01/12/2016
Oil Prices at $30 Bend Nations, But Which Ones Could Break?
Wall Street Journal 01/13/2016
Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
New York Times 01/27/2016
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia's Aramco strategies
01/08/2016
Grouped Articles
Could Saudi Aramco Be Worth 20 Times Exxon?
Wall Street Journal 01/09/2016
Saudi Aramco I.P.O. Prospect Reflects Kingdom Looking Beyond Oil
New York Times 01/08/2016
Saudi Arabia Mulls Selling Shares in Aramco
Wall Street Journal 01/10/2016
Saudi Arabia Could List Production Assets in Aramco IPO
Wall Street Journal 01/12/2016
Transcript: Q&A With Saudi Aramco Chairman Khalid al-Falih
Wall Street Journal 01/12/2016
Saudis Moving to Reduce Dependence on Oil Money
New York Times 04/01/2016
Saudi Arabia's Aramco performance
01/08/2016
Grouped Articles
Could Saudi Aramco Be Worth 20 Times Exxon?
Wall Street Journal 01/09/2016
Saudi Aramco I.P.O. Prospect Reflects Kingdom Looking Beyond Oil
New York Times 01/08/2016
Saudi Arabia Mulls Selling Shares in Aramco
Wall Street Journal 01/10/2016
Saudi Arabia Could List Production Assets in Aramco IPO
Wall Street Journal 01/12/2016
Transcript: Q&A With Saudi Aramco Chairman Khalid al-Falih
Wall Street Journal 01/12/2016
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia- politics and the economy under Prince Salman 2016-2017
06/22/2017
Linked Articles
The Saudi Shake-Up Has One Goal: Drag the Country Into Modern Era
WSJ 06/22/2017
Saudi Arabia Rewrites Succession as King Replaces Heir With Son, 31
The New York Times 06/21/2017
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