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Tag: Saudi

Boeing nabs $3.1B in cruise missile deals for Saudi Arabia, other partners

Boeing nabs $3.1B in cruise missile deals for Saudi Arabia, other partners

Business
May 14 (UPI) -- The Navy awarded Boeing with a combined $ 3.1 billion in contracts this week for cruise missile weapon systems for foreign partners, including Saudi Arabia. "We are pleased to continue our long legacy of partnering with the Navy to build weapons that defend America and its international partners," Cindy Gruensfelder, vice president, Boeing Weapons, said in a press statement. The first of the two contracts -- a $ 1.9 billion deal for work on the Stand-off Land Attack Missile-Expanded Response, or SLAM-ER -- will support a redesign of the missiles, as well as production and delivery of 650 SLAM-ERs to Saudi Arabia through the Pentagon's Foreign Military Sales Program. The second is a $ 657 million contract modification that procures and delivers 467 Harpoon full rate produc...
Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Finance
Oil prices dipped during morning deals on Monday, shortly after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh were "very close" to an oil deal.International benchmark Brent crude futures traded at $ 32.96 a barrel Monday morning, down more than 3.2%, while U.S. West Texas Intermediate (WTI) futures stood at $ 27.46, more than 3% lower. "I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close," Kirill Dmitriev of the Russian Direct Investment Fund told CNBC's "Capital Connection" on Monday.Oil prices edged into positive territory shortly after Dmitriev's optimistic comments, but have since pared those gains.Earlier...
Saudi state oil giant’s shares fall 10%, halting trading

Saudi state oil giant’s shares fall 10%, halting trading

World
DUBAI, United Arab Emirates -- Saudi Arabia closed off air and sea travel to 14 countries affected by the new virus Monday, while Israel ordered two weeks of home quarantine for anyone arriving from overseas. Mideast stock markets tumbled over fears about the widening outbreak's effect on the global economy. The state oil giant Saudi Aramco led the financial losses, dropping by 10% on Riyadh's Tadawul stock exchange and forcing a halt to Aramco's trading. In the Mideast, there have been over 7,600 confirmed cases, with the vast majority in hard-hit Iran. The country's health ministry said Monday the new virus killed another 43 people, pushing death toll to 237 amid 7,161 confirmed cases. Experts worry Iran may be under reporting its cases. Worldwide, there are over 110,000 confirmed cas...
Saudi crown prince ‘possibly involved’ in Bezos hacking – UN

Saudi crown prince ‘possibly involved’ in Bezos hacking – UN

Technology
The United Nations has said that it believes that the Saudi crown prince could be involved in the hacking of Amazon boss Jeff Bezos' mobile phone.Mr Bezos, the world's richest man, allegedly received a WhatsApp message in 2018 that contained a malicious file, said to be from the personal account of the Saudi Arabian leader Crown Prince Mohammed Bin Salman. The UN said that it is "gravely concerned" by the information it received about the case from Mr Bezos' team, saying the hack is in contravention of "fundamental international human rights". Image: Jeff Bezos is the boss and founder of Amazon It also called for an immediate investigation by the US and other authorities into the incident.UN human rights experts said in a statement: "...
Saudi crown prince’s WhatsApp linked to Bezos phone hack

Saudi crown prince’s WhatsApp linked to Bezos phone hack

World
DUBAI, United Arab Emirates -- The cellphone of Amazon founder and Washington Post owner Jeff Bezos was hacked in what appeared to be an attempt by Saudi Arabia's crown prince to "influence, if not silence" the newspaper's reporting on the kingdom, two U.N. human rights experts said Wednesday. The U.N. experts called for an “immediate investigation” by the United States into a report commissioned by Bezos that showed the billionaire technology mogul's phone was likely hacked after he received an MP4 video file sent from Crown Prince Mohammed bin Salman's WhatsApp account after the two men exchanged phone numbers during a dinner in Los Angeles in 2018. The video file was sent to Bezos' phone five months before Saudi critic and Washington Post columnist Jamal Khashoggi was killed by Saudi