OIL SUPPLY

Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances

Oil-Supply_Jadwa
According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances.

Saudi Arabia

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Vision 2030

Saudi Reverses Prior Austerities Signaling Less Political Tensions But More Budgetary Deficits

This move goes to show the reluctance Saudi Arabia is willing to go through in order to balance its state finances. ...

 

Saudi Aramco IPO

For Aramco Insiders, Prince’s $2 Trillion IPO Valuation Doesn’t Add Up

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Renewable Energy

Saudi National Renewable Energy Program Round 1 — “Scaling Up”

Currently, the state-utility Saudi Electricity Company acts as offtaker of all electricity generated in the Kingdom. However, the government plans to reorganize the power sector ...

 

U.S.-Saudi Relations

Perspective: Riyadh and Washington are growing ever closer

Secretary of state Rex Tillerson also contributed to this restoration in remarks on Wednesday to a Summit of American and Saudi business leaders in Washington. ...

 

Mohammed Al-Jadaan

Saudi finance minister highlights reform efforts at World Bank, IMF meetings

Finance Minister Mohammed Al-Jadaan highlighted the Kingdom’s reform efforts under the National Transformation Program (NTP) and Saudi Vision 2030 at meetings of the World Bank ...

 

Saudi Economy

Saudi reversal in benefits makes OPEC deal—and higher oil prices—more important

Saudi Arabia said it made the decision to end the pay cuts and bring back bonuses because the government's financial position improved. But some analysts ...

 

Women in Saudi Arabia

Saudi Arabia elected to UN women’s council despite gender inequality in kingdom

Saudi Arabia has been elected to the United Nations Commission on the Status of Women, despite the country being ranked by human rights experts as ...

 

Healthcare in Saudi Arabia

Saudi health care sector ‘to require $67 billion by 2030’

Health Minister Tawfiq Al-Rabiah said financial requirements in the health care sector are expected to rise over the coming years given the increasing number of ...

 

Cabinet Changes

Saudi king swears-in new Saudi government officials after reshuffle

Saudi princes and ministers recently appointed to new posts included Governor of Baha region Prince Dr. Hossam bin Saud bin Abdulaziz, Governor of Hail region ...

 

Saudi Charity

Saudi Arabia foundation pledges $50 million to eradicate measles

A Saudi Arabian charitable foundation said on Monday it will give $50 million to the United Nations children's agency to help eliminate measles, the largest ...

 

Apple Maps

Apple Maps Gets Traffic Data for Saudi Arabia and United Arab Emirates

Turn-by-turn navigation still appears to be unavailable in the Middle East regions, which may explain why Apple hasn't added the countries to its iOS feature ...

 

Health and Fitness

Certified Saudi rock climber wants to give sport firmer footing in Saudi Arabia

After years of climbing in the US and Europe, Yasmin Gahtani, who represents herself as the first Saudi certified climbing wall instructor (CWI), is on ...

 

Corruption in Saudi Arabia

Relieved Saudi minister faces 10 years in jail

Former Saudi minister of civil affairs Khaled Al-Araj could be facing up to 10 years in jail for misusing his power, according to reports. Saudi Gazette ...

 

Saudi +

Regional and related topics

U.S.-Iran

Obama’s hidden Iran deal giveaway

When federal prosecutors and agents learned the true extent of the releases, many were shocked and angry. Some had spent years, if not decades, working ...

 

U.S. Foreign Aid

Commentary: The End of Foreign Aid As We Know It

President Donald Trump’s vow to put “America first” includes a plan to drastically cut assistance to developing countries and merge the State Department with USAID, ...

 

Yemen

UN, World Food Program put out urgent appeal for Yemen humanitarian aid

The United Nations secretary-general and high-ranking government officials from dozens of countries were meeting Tuesday in Geneva to drum up funds for war-torn Yemen, considered ...

 

Anti-ISIS Campaign

ISIS-in-Afghanistan Is Losing Recruits to Other Groups, US Officials Say

ISIS is losing those recruits to 19 other extremist organizations in Afghanistan. Those include al-Qaeda, the Taliban, and the Haqqani network, which holds seven Western ...

 

Iran Oil Reserves

Iran sees oil reserve potential growing with new discoveries

Discoveries in the Persian Gulf of petroleum reserves may boost Iran's ranks in terms of global capacity, a national director said. ...

 

Pakistan

Pakistan minibus blast kills 10

The blast took place in the Kurram tribal district on the border with Afghanistan. At least two children were reported to be among the dead. ...

 

CNBC in Abu Dhabi

CNBC to host Middle East market reports from Abu Dhabi

The business and financial news network said that the section will report into CNBC shows such as Squawk Box directly from the International Financial Centre ...

 

ME Refugees in China

China’s ‘Christmas Town’ opens doors to Middle East migrants but future uncertain

An influx of Arab entrepreneurs - most of them on short-term business visas - has transformed the city into a bustling multi-cultural hub with numerous ...

 

Kidnapped in Iraq

Qataris kidnapped in Iraq speak of joy at release

Mohammad Marzouki was among 24 Qataris and two Saudis who were on a hunting trip in a mainly Shia area of southern Iraq when they ...

 

Bahrain

Bahrain says Foreign scholarships must be formally approved

Bahrain has told its public employees not to accept any scholarship or training offer from foreign missions unless they have a formal approval from the ...

 

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