The lowest oil volatility in 17 years is pushing down options costs, setting up trades that BNP Paribas SA and Commerzbank AG say will profit when Mideast supply disruptions send prices swinging again.
Saudi Arabia’s King Fahd Causeway Authority signed a contract valued at 15.2 million riyals ($4.1 million) with a local company to provide advertising services for the bridge linking the kingdom with Bahrain, the Saudi Press Agency reported today.
Bahrain backs plans to expand the capacity of the King Fahd Causeway that links it with neighboring Saudi Arabia, Bahrain News Agency said today, citing Premier’s Court Chief Sheikh Husam bin Isa Al Khalifa.
Geneva’s bankers, who forged the biggest offshore hub for the Middle East super-rich after Saudi Arabia’s King Fahd built a summer palace in the city 35 years ago, are using the Arab Spring to counter client withdrawals.
After losing billions on U.S. stocks beginning in 2000, Alwaleed Bin Talal says he may become richer than the Oracle of Omaha. His strategy: holding an IPO for his luxury hotels and building the world’s tallest tower in his homeland.
Prince Alwaleed Bin Talal sits under an almost full moon near a campfire at his rustic retreat in Riyadh, Saudi Arabia. He’s surrounded by a zoo with zebras and giraffes, an artificial lake and a lodge that has an indoor pool, saunas and steam rooms. Three hooded falcons are perched on stands in front of him.
Mecca, which hosts millions of pilgrims a year visiting Islam’s most holy shrine, is working toward becoming the first city in Saudi Arabia to operate a utility-scale plant generating electricity from renewables.