OIL PRICES

Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting

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Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters.

Saudi Arabia

News, analysis, and more

Oil Exports

Saudi Arabia, Russia agreed in September to lift oil output, told U.S.

Russia and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a ...

 

SABB

Saudi British Bank secures binding deal for $5 billion acquisition of Alawwal

Saudi British Bank (SABB) and smaller rival Alawwal Bank are merging to create Saudi Arabia’s third-biggest lender with a market capitalization of about $17.2 billion. ...

 

Saudi-Pakistan

Saudi may fund $9bn Pakistan oil project near China’s Gwadar Port

Saudi Arabia is said to be backing the development of a $9bn oil refinery near the China-owned port of Gwadar, which new Prime Minister Imran ...

 

Defense

Exclusive: Saudis seek wide-ranging deals with South African arms firms

Saudi Arabia is in talks with South Africa’s major arms manufacturers and is considering taking an equity stake in the struggling state-owned defence firm Denel, ...

 

Saudi Women Drivers

100 days at the wheel … Saudi women drivers feel exhilarated

Nearly 100 days after women began to drive in Saudi Arabia, Arab News asked new motorists in major cities of the Kingdom for their experiences ...

 

Travel and Tourism

Visiting Saudi Arabia has never been easier – here’s why you should go

It’s the latest in a series of new government initiatives that hopes to encourage 30 million holidaymakers a year by 2030. Saudi Arabia clamped down ...

 

Security

Drone boats filled with explosives used to strike Saudi Arabia

Drone-controlled boats filled with explosives were reportedly used in at least one attempted attack on Saudi Arabia this week. ...

 

MERS

New Saudi MERS illness as WHO profiles recent cases

Saudi Arabia today confirmed one more MERS-CoV case, in a man who is a household contact of an earlier reported patient, and the World Health ...

 

Saudi Aramco/SABIC

Saudi Aramco May Borrow $50B To Fund Sabic Acquisition

Currently, the most likely scenario would be Aramco tapping its own cash for around $20 billion of the US$70-billion acquisition price tag, while the remaining ...

 

Saudi-Pakistan

Pakistan takes U-turn; says Saudi won’t be part of CPEC

A third country can participate in the China-Pakistan Economic Corridor (CPEC) by taking part in the business and investment ventures arising out of the project, ...

 

Saudi Aramco

Three things with Saudi Aramco’s chief tech officer

The chief technology officer of Saudi Aramco, Ahmad Al-Khowaiter, sat down with Axios on the sidelines of a recent conference in New York to discuss ...

 

Saudi +

Regional and related topics

Anti-ISIS Campaign

‘Last pocket of ISIS’ fighters surrounded, DoD official says

The final push, known as Operation Roundup, is in its third week. It is occurring in the Middle Euphrates River Valley’s Deir ez-Zor province, close ...

 

Global Oil Markets

Oil prices ease from four-year highs

Oil prices eased from four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect ...

 

Aid in the Gulf

Gulf Allies Pledge Billions in Aid Deals for Bahrain and Jordan

Gulf Arab allies will pledge $10 billion in aid to Bahrain and finalize $2.5 billion in assistance for Jordan on Thursday, in an effort to ...

 

Bahrain

UAE, Saudi, Kuwait to sign $10 billion aid deal for Bahrain

According to IMF projections, $10 billion package would be worth about a quarter of Bahrain's annual gross domestic product (GDP) as well as 28 per ...

 

Lebanon

Commentary: A miracle in the Middle East

Since 2011, this nation of 4 million people has seen an influx of some 1.5 million refugees fleeing the Syrian civil war next door. “I find it ...

 

U.S.-Iran

US to end Treaty of Amity with Iran after ICJ ruling

The US will pull out of a decades-old treaty with Iran which was used by Tehran as a basis for a case at the International ...

 

IMF

Opinion: IMF Hints at Global Economic Downturn But Not How It Will Respond

Emerging markets have been stressed by higher U.S. interest rates and the dollar. In some instances, like Turkey, Argentina, South Africa and Indonesia, the stress ...

 

Syria

Study of Syria policy included in aviation bill

The creation of the so-called Syria Study Group was included in the Federal Aviation Administration reauthorization bill that easily passed the Senate on Wednesday. ...

 

Military Strength Report

2019 Index of U.S. Military Strength

The Heritage Foundation’s Index of U.S. Military Strength gauges the ability of the U.S. military to perform its missions in today’s world and assesses how ...

 

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