Tag Archives: Kingdom

Amazon, Microsoft are boosting Saudi offices amid state pressure SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images Global technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Microsoft Corp. are among firms working to ramp up their presence in Saudi Arabia amid pressure from the government, which has said it will stop giving contracts to companies without regional headquarters in the country. The three US firms… Source link

(Bloomberg) — Saudi ministers insisted that oil policy decisions would be taken according to market logic and within the OPEC+ coalition, just as US President Joe Biden wrapped up a landmark trip to the kingdom. Most Read from Bloomberg Biden said late Friday that the Saudis shared his “urgency” to increase oil supply and he expects “further steps in the coming weeks” to that end. Saudi officials stressed any decision to pump more would be made in the framework of OPEC+, which holds… Source link