OIL PRICES

Oil Continues Rebound as OPEC, Russia Eye Production Cut Agreement

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The price of oil on international indices has rebounded for a second straight trading day after leaders from Saudi Arabia and Russia indicated that production cuts were likely to stabilize oversupplied markets, according to reports.

Saudi Arabia

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Oil Prices

Saudi Minister Says Premature to Say If OPEC+ to Cut Output

Three days after Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman sent crude prices surging with an agreement to extend cooperation on ...

 

Bankruptcy

Saudi Arabia’s New Bankruptcy Court Gets a $6 Billion Test

A Saudi business empire that defaulted on billions in loans during the global financial crisis is trying to settle its debts through the kingdom’s new ...

 

U.S.-Saudi Relations

CIA chief will brief senators on Khashoggi killing

The spy chief will meet with top leaders of the Senate‘s Armed Services Committee, Foreign Relations Committee and Intelligence Committee, according to a source familiar ...

 

U.S.-Saudi Relations

McConnell: ‘Complete fracture’ with Saudi Arabia not in U.S. interest

Senate Majority Leader Mitch McConnell (R-Ky.) said lawmakers are searching for an "appropriate" response to the slaying of Washington Post contributor Jamal Khashoggi but warned against ...

 

Healthcare

Saudi hosts world’s largest healthcare hackathon with more than 1,000 young Saudi hackers

More than 1,000 young Saudi hackers took part in the world's largest health hackathon at Princess Noura University, Riyadh, on Thursday. ...

 

Real Estate

Lack of prime office space said to be holding back Saudi market

A lack of prime office stock in Saudi Arabia is holding the market back as firms struggle to find accommodation for their expansion plans, according ...

 

Careem

Careem to launch Saudi bus service after Cairo debut

Careem Bus is a separate app that allows users to choose their pick-up and drop-off locations, after which they will have the option of picking ...

 

Formula E

Saudi Arabia’s Formula E tickets go on sale in Riyadh

Saudi Arabia’s Ad Diriyah E-prix tickets are now available to purchase directly across certain sale points in Riyadh. ...

 

Crown Prince Salman

Saudi crown prince leaves Algeria after official visit

Prince Mohammed arrived in Algeria from Mauritania, resuming his tour of Arab countries after attending the G20 summit in Argentina. Before attending the G20 summit, ...

 

Chess

World chess body moves Saudi tournament after Israelis banned

In their letter, the Israelis pointed out that holding a chess tournament in a country that banned players based on their nationality was contrary to ...

 

WTO

Saudi Arabia refuses to engage in WTO dispute brought by Qatar

Saudi Arabia told the World Trade Organization on Tuesday that national security concerns meant it “simply will not engage in dispute settlement procedures” in an ...

 

Saudi +

Regional and related topics

War in Yemen

UN Yemen envoy flies in with Houthis for fragile Stockholm peace talks

The United Nations’ special envoy for Yemen, Martin Griffiths, is accompanying a Houthi negotiating team to Stockholm for the first peace talks ...

 

Measles

Measles Cases Rise Globally With Spikes In The Middle East, Europe And The Americas

The World Health Organization says there were 6.7 million measles cases in 2017, a 30 percent increase from the year before. ...

 

Qatar

Qatar’s OPEC exit signals intensifying energy competition beyond oil

In announcing Monday that it would leave the Organization of Petroleum Exporting Countries (OPEC), Qatar emphasized an intention to enhance its standing as the world’s ...

 

UAE Passport

This Middle East passport gets you into the most countries without a visa

New online index ranks the UAE passport as the most valuable in the world, ahead of Singapore and Germany ...

 

Careem

Uber’s Middle East rival Careem begins bus service in Egypt and eyes more cities

Dubai-based ride hailing app to offer Careem Bus services in Saudi and Pakistan in near future, CEO says ...

 

Iran in the Region

‘We were gonna die together’: Trial testimony lays out years of work by Iran that led to deadly attacks on US troops in Iraq

The attorneys began laying out evidence that involves long-term planning, millions of dollars, and taking a shotgun approach by backing factions that often fought each ...

 

5th Fleet

Navy’s mission in Middle East gets new leader after admiral’s sudden death

Vice Adm. Jim Malloy, the deputy chief of naval operations for operations, plans and strategy, is slated to take command this week of the Navy’s ...

 

Israel

Israel begins operation to expose Hezbollah ‘attack tunnels’ on Lebanon border

An Israeli military spokesman, Lt Col Jonathan Conricus, said it had detected tunnels crossing from Lebanon into northern Israel. He said the tunnel operation would ...

 

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