Khalid Al-Falih

Saudi Arabia Budget Pushes Private Sector to Contribute

Jeddah - Emiratesvoice

Three Saudi officials have explained the impact of expansive spending on the private sector in the state budget of 2018. This comes after the kingdom's announcement on Tuesday of the biggest budget in the history of the country in terms of spending volume. In this context, Minister of Energy, Industry and Mineral Resources Khalid al-Falih, Minister of Commerce and InvestmentRead more

Saudi to open a new export bank

Riyadh - Emirates Voice

Energy, Industry and Mineral Resources Minister Khalid Al-Falih announced the launch of a new export bank with SR30 billion ($8 billion) in capital to boost the Kingdom’s exports, the Saudi Press Agency (SPA) reported. Khalid Al-Falih said SR5 billion was allocated to the new bank as the first capital payment. Stressing the importance of government funding for industrial and mineralRead more

Saudi invites US firms to take part in nuclear program

Riyadh - Emirates Voice

Saudi Arabia has invited US firms to take part in developing its civilian nuclear power program, and is not interested in any way in diverting nuclear technology to military use, energy minister Khalid Al-Falih told reporters on Monday. He was speaking after meeting with US Energy Secretary Rick Perry, who said it would be premature to make statements about agreementsRead more

Saudi steps up oil diplomacy ahead of OPEC meeting

Vienna - Emirates Voice

Saudi Energy Minister Khalid Al-Falih and his staff are busy these days. The minister and some of his aides are in continuous talks with global producers to convince them to attend the meeting of OPEC in Vienna on Nov. 30. Saudi officials are inviting more African, Latin American and Central Asian countries to attend the meeting, sources told Arab News.Read more

Saudi Arabia part of solution to tackle climate change

Riyadh - Emirates Voice

Saudi Oil Minister Khalid Al-Falih has said oil-exporting countries such as Saudi Arabia are an integral part of the solution to tackle the challenges of climate change and its adverse economic impacts, according to the Saudi Press Agency (SPA). Al-Falih is leading Saudi Arabia’s delegation to COP23 in Bonn. In his foreword posted on the Kingdom’s official website for COP23,Read more

Saudi government supports public offering of Aramco

Riyadh - Emirates Voice

Saudi Minister of Energy and Industry Khalid al-Falih supported the public offering of Saudi Aramco and confirmed the company has several elements that attract investments. Speaking before international investors in Riyadh, Falih stated that Aramco has the exclusive access to develop quarter of the world’s conventional crude resources, at the lowest cost producer. He added: “Saudi Aramco is going to be theRead more

Global oil market improving, stabilizing

Baghdad - Arab News

The global oil market is improving and stabilizing, Saudi Oil Minister Khalid Al-Falih said in Baghdad on Saturday. In a speech at the opening of the Baghdad International Exhibition, Al-Falih praised the cooperation between Iraq and Saudi Arabia, which he said had helped to boost global oil prices. Speaking later to reporters, he said Saudi Arabia and Iraq were inRead more

Saudi energy minister Al-Falih reiterates closer ties with China

Jeddah - Emirates Voice

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih pointed to closer economic ties with China in his address to the Saudi-Chinese Investment Forum. Al-Falih said the joint Saudi-Chinese Commission had worked on harmonizing Vision 2030 and the Chinese “Belt and Road” initiative. He said he hoped that both countries’ private sectors would cooperate in other fields – and thatRead more

Saudi consider expanding mutual projects

Ryiadh - Emirates Voice

Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discussed economic opportunities in a meeting with visiting Iraqi Oil Minister Jabar Al-Luaibi. Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves, which have yet to be explored or invested in. They also discussed the country’s fertile agricultural land as Iraq is rich with water, he added. Al-FalihRead more

Saudi energy minister

Riyadh - Emirates Voice

Saudi Minister of Energy Khaled Al Faleh expressed his confidence that the oil market will restore its balance as soon as possible, saying that it witnessed notable improvement since last November. He stressed the need for reducing inventory, saying that his country on the right way to restore its position. Saudi Arabia expects the extension of a deal among 24Read more