Ali al-Naimi

Saudi Arabia’s Oil Guards

By Ahmad Khatib When he was appointed Minister of Health in 2015, Khalid Al Falih was widely regarded as the understudy for the then Minister of Petroleum and Mineral Resources, Ali Al Naimi.  In addition to joining the Saudi cabinet, Falih, had also replaced Naimi as Chairman of Saudi Arabia’s oil giant, Aramco, promoted from

[ Read More ]

New Saudi Minister is Believer in Reform and Low Oil Price

By Dmitry Zhdannikov and Rania El Gamal LONDON/DUBAI, May 8 – It was January 2016 and oil prices had crashed to their lowest in more than a decade. Saudi Arabia’s health minister, Khalid Al Falih, a favorite to take over the oil ministry from his mentor Ali Al Naimi, was not panicking. Falih told an audience of oil executives,

[ Read More ]

Saudi Shake-Up Rolls On With Big Reshuffle of Economic Posts

By Angus McDowall and Katie Paul RIYADH, May 7  – Saudi Arabia’s King Salman on Saturday replaced his veteran oil minister and restructured some big ministries in a major reshuffle apparently intended to support a wide-ranging economic reform programme unveiled last week. The most eye-catching move was the creation of a new Energy, Industry and Natural Resources

[ Read More ]