ENERGY

Reports: Saudi Arabia Places Huge Bet on U.S. Natural Gas

aramco-oil-gas-energy-field
Saudi Aramco announced a preliminary agreement on Wednesday to buy 5 million tons of liquefied natural gas per year in a deal with U.S.-based Sempra LNG, according to reports.

Saudi Arabia

News, analysis, and more

Natural Gas

Saudi Arabia wants to buy tons of American natural gas

In a sign of shifting energy fortunes, Saudi Aramco announced a mega preliminary agreement on Wednesday to buy 5 million tons of liquefied natural gas ...

 

Youth

Saudi Millennials Are More Optimistic About the Future Compared to Global Average of Peers, Deloitte Research Reveals

Deloitte, a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services, announced today the launch of its 2019 ...

 

Security

Yemen’s Houthis say they attacked Saudi’s Najran airport by drone

Yemen’s Iran-aligned Houthi movement said it launched a drone attack on a Patriot missile battery in the airport of the Saudi city of Najran near ...

 

Israel-Palestine

Saudi Arabia, UAE will participate in peace plan workshop

Saudi Arabia and the United Arab Emirates will send representatives to an economic workshop in Bahrain next month meant to be the first phase of ...

 

Red Sea Beaches

Saudi Arabia Seeks Private Money to Transform Red Sea Beaches

Saudi Arabia is seeking private sector investment to turn an archipelago, desert and mountains -- an area about the size of Belgium -- on its ...

 

Healthcare

Saudi Arabia recruits 1,000 nurses from the Philippines

“The job order for registered nurses is directly from Saudi Arabia’s Ministry of Health,” Evelia Durato, chief of the Philippine Overseas Employment Agency (POEA) Regional ...

 

Weather

Pictures: Heavy rainfall in several parts of Saudi including Makkah

A weather warning has been issued by Saudi Arabia’s General Authority for Meteorology and Environmental Protection, with heavy rain and thunder predicted in several parts ...

 

VAT

E-cigarettes & sugary drinks are now subject to VAT in Saudi Arabia

In a decision that expands Saudi Arabia's 2017 "sin taxes," the country recently announced a new excise levy on electronic cigarettes and sweetened drinks, Al Arabiya ...

 

U.S.-Saudi Relations

Trump administration may use Iran threat to sell bombs to Saudis without Congress’ approval: senator says

U.S. President Donald Trump’s administration plans to use a loophole and rising tensions with Iran to sell bombs to Saudi Arabia, even though Congress blocked ...

 

AHAB

Saudi court accepts AHAB’s bankruptcy filing, rejects liquidation: sources

A Saudi commercial court has accepted a filing by conglomerate AHAB to have its decade-long dispute with creditors resolved under the kingdom’s new bankruptcy law, ...

 

Transportation

Saudi Railways Organization urged to modernize outdated rail system linking Riyadh to Eastern Province

During the session, the council called on the Saudi Railways Organization to develop the infrastructure of the existing rail system to enable it to use ...

 

Housing and Real Estate

Saudi property firm Raza eyes IPO or stake sale as part of growth strategy

Raza, the real estate management and development arm of Saudi Arabia’s Public Pension Agency, may seek to go public or pursue a private stake sale ...

 

Saudi +

Regional and related topics

Libya

Russia Sees Libya Stalemate as Strongman’s Assault Stalls

Libyan military strongman Khalifa Haftar’s almost two-month assault on the capital, Tripoli, has stalled and he can’t take the city, according to a Russian special ...

 

Defense

Raytheon wins $151.5M contract to provide missile support for U.S., 20 allies

The AIM-9X Lot 18 Block II air-to-air and surface-to-air missiles are for the U.S. Navy and Air Force and governments under foreign military sales, the ...

 

Huawei

A rare look inside Huawei, China’s tech giant

The Chinese company Huawei is one of the giants of the tech industry. It’s the world's largest provider of telecommunications equipment, a leader in next-generation ...

 

Egypt Economy

World’s Top Carry Trade Here to Stay as Egypt Seen Holding Rates

Just one cut in interest rates by Egypt in over a year, coupled with a dovish shift by global central banks, has powered gains in ...

 

Turkey

Wikipedia takes Turkey to European human rights court over ban

Wikipedia is taking Turkey to Europe’s top human rights court as it escalates a two-year battle to overturn a ban on the site in the ...

 

Egypt

What does the UAE expect from Egypt?

Ahmed Youssef Ahmed, a professor of political science at Cairo University, told Al-Monitor in a telephone conversation, “The timing of the crown prince’s visit to ...

 

Egypt

Archaeologists Discover Ancient 2,600-Year-Old Military Fortress in Egypt

An archaeological mission in Egypt has uncovered the remains of two towers of a military fortress dating back to the 26th Dynasty, the last native dynasty to ...

 

World Cup Qatar

FIFA to stick with 32 teams for Qatar World Cup

The 2022 World Cup in Qatar will be held with 32 participating teams and not an expanded 48 teams, organizers FIFA said on Wednesday. ...

 

Qatar

Qatar stock exchange looks to new ETFs to attract more foreign cash

Qatar’s stock exchange is developing two new Exchange Traded Funds, part of efforts by the Middle East’s strongest performing stock market in 2018 to boost ...

 

Bahrain

Start-up of Bahrain LNG import terminal delayed to Q3

The start-up of the Bahrain liquefied natural gas (LNG) import terminal has been delayed to the third quarter this year from May, Teekay LNG Partners ...

 

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