Aramco IPO to Reveal Extent of Saudi Crude Oil Reserves

Aramco IPO to Reveal Extent of Saudi Crude Oil Reserves






Aramco IPO to Reveal Extent of Saudi Crude Oil Reserves Khalid al-Falih said 3rd parties would independently verify “reserves” disclosed to investors The planned listing of state-owned Oil giant Saudi Arabia will include information on the extent of the Kingdom’s reserves, according to reports. Saudi energy minister Khalid al-Falih said the IPO (initial public offering) […]






Iran Starts Construction on 2nd Nuclear Power Plant

Iran Starts Construction on 2nd Nuclear Power Plant






Iran Starts Construction on 2nd Nuclear Power Plant Iran began building its 2nd nuclear power plant with Russian help Saturday, the 1st such project since last year’s landmark nuclear deal with world powers. The project in the southern port city of Bushehr will eventually include two power plants expected to go online in 10 years. […]






Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans






Kuwait Scraps Nuclear Power Plans Ministry says alternative sources are more cost effective   Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns. The country had planned to obtain a licence for the project from the United Nations. Kuwait Times reports that the ministry decided […]






Iran Executed Nuclear Scientist that Collaborated with US

Iran Executed Nuclear Scientist that Collaborated with US






Iran Executed Nuclear Scientist that Collaborated with US Iran’s official news agency, IRNA confirmed that Iran has executed by hanging a nuclear scientist who gave the US intelligence about the country’s contested nuclear program. The Sunday report quotes a spokesman for the Iranian judiciary, Gholamhosein Mohseni Ejehi, as confirming the execution of Shahram Amiri. He […]






The Real Barrier to Iran’s Economic Revival

The Real Barrier to Iran’s Economic Revival






The Real Barrier to Iran’s Economic Revival By now it has become clear that Iran’s expectations of an immediate economic revival following the nuclear deal were unrealistic. Tehran thought that the Joint Comprehensive Plan of Action (JCPOA) would restore its severed links to the international financial system and to sources of foreign investment. Instead, the […]