Word: arabia
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...Saudi Arabia Assassin Targets Saudi Royal Al-Qaeda claimed responsibility for a suicide bombing that unsuccessfully targeted Saudi Arabia's Deputy Interior Minister, Prince Mohammed bin Nayef. Al-Qaeda, which has sworn to topple the Saudi royal family, described the attack as "the first-ever intelligence and security penetration of its kind" in the kingdom--prompting fears that additional offensives may be launched against other royals...
...last year, prices hit an all-time high of $147 a barrel in July before crashing to slightly more than $30 a barrel in December. Now oil futures hover around $70 a barrel - a price that is, finally, just right, according to Ali Al-Naimi, oil minister from Saudi Arabia, which produces about one-third of all OPEC oil. "The market is in very good shape," he told Reuters when he arrived in Vienna on Wednesday, Sept. 9. (See pictures of South Africa's oil-from-coal refinery...
...Russia OPEC has no control over one very important energy powerhouse: Russia. Russia's Energy Ministry reported this week that for the first time, the country's exports (about 7.4 million bbl. a day) outstripped those from Saudi Arabia, which has the world's biggest oil reserves. Saudi Arabia cut its production last year in order to prop up world oil prices and is easily the bigger potential oil producer. But oil analysts say that by ignoring OPEC's calls for production cuts, Russia has shown OPEC how little power it wields over non-OPEC producers. Although Russian officials told...
...tier share system could also prevent the stock from trading at a full premium. "Two classes of stock with two different voting powers is generally viewed negatively by institutional investors," says John Arabia, a managing director at Green Street Advisors of Newport Beach, Calif. "You could get into a situation where somebody owns more of the company but has less control...
...offering could be a potential windfall for long-term investors looking to get into a stellar name on the cheap. Hyatt's highly regarded brand, solid balance sheet and savvy management team make it an attractive long-term play, industry experts say. It all comes down to price, says Arabia. "We're anticipating from 2010 through 2015 to see very significant growth in earnings [from major lodging companies...