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The GCC will not lose its international and regional prominence and will continue to play a key role in the global political, economic and energy scenes. The fundamentals of the energy complex are...

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Cairo, Jun 14, SPA -- Prince Turki bin Abdulaziz told Saudi Press Agency that the alleged letter to him circulated by some media and internet sites was nonexistent and fabricated by enemy parties wishing to spread confusion and excitement.

Prince Turki asked Almighty God to preserve the Kingdom of Saudi Arabia under the leadership of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, the Crown Prince and the Second Deputy Premier and perpetuate the blessings of security and stability for the kingdom.
--SPA
19:46 LOCAL TIME 16:46 GMT
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 Royal Decrees  The Cabinet
The GCC will not lose its international and regional prominence and will continue to play a key role in the global political, economic and energy scenes. The fundamentals of the energy complex are robust and as global economic activity and energy flows continue to be redirected away from traditional...
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The strength on the domestic front has also been reflected in greater prominence in the international scene. With over 10 sovereign wealth funds (SWFs) and 1.7 trillion US dollars worth of assets under management, the GCC has fast emerged as the world's largest net supplier of financial resources,...
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Saudi Arabia also possesses valuable resources other than oil and gas. The Ministry of Petroleum and Mineral Resources has identified 1,270 sources of precious stones and 1,170 sources of other minerals, and has issued a large number of mining and exploration concessions. Concrete steps have also...
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"In the Kingdom, efforts are already under way to reduce the energy intensity of economic activity through implementing energy efficiency schemes. In addition to improving efficiency, the region has been diversifying its use of energy resources. The bulk of GCC primary energy demand up to now has...
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Furthermore, the oil market is highly interconnected and supply shocks in any part of the world will affect oil prices all over the globe. Given that the US is still far from achieving the goal of oil independence, the US can’t isolate itself from such supply shocks. But for a minute, let’s...
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