OIL

Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise

Domestic energy subsidies may be targeted by Saudi authorities.
Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017.

Saudi Arabia

News, analysis, and more

Tasnee

Saudi industrial group Tasnee gets $532 million credit facility for sukuk

Saudi industrial group Tasnee has secured a SR2 billion ($532.4 million) credit facility from Banque Saudi Fransi to refinance an existing sukuk. ...

 

Oil Production

OPEC Output Falls Most in Almost Two Years as Saudi Cuts Begin

Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two years last month. ...

 

Khashoggi Killing

Saudi Arabia says 5 face death penalty in Khashoggi killing

Saudi Arabia announced on Thursday it will seek the death penalty against five suspects in the slaying of Washington Post columnist Jamal Khashoggi, a killing ...

 

Entertainment

Saudi Arabia announces first of 20 giant leisure parks to open in Riyadh

A massive entertainment complex is being planned for Riyadh as part of a multibillion-dollar drive to boost the leisure sector in Saudi Arabia. ...

 

Saudi Football

Saudi Arabia may need extra time to privatize soccer clubs

Sport is one of the pillars of the government’s Vision 2030 goal to raise living standards and diversify the economy beyond oil exports, while the ...

 

Agriculture

Hydroponic farming to address Saudi’s water shortage problems

Saudis are turning to hydroponic soil-free culture technology to grow vegetables, requiring less water and land and offering yields up to ten times the crop ...

 

Blockchain

Saudi Customs Pilots Shipment Tracking on the Blockchain

According to a report in RTT News, Saudi Customs is currently currently experimenting with tracking shipments on the blockchain. The project will link the Saudi ...

 

Netflix

Netflix Defends Decision To Pull ‘Patriot Act’ Episode In Saudi Arabia

Netflix took down an episode of the show Patriot Act with Hasan Minhaj in Saudi Arabia as an effort to comply with local law. In ...

 

UAE Investment

UAE banks invest $23.74 bn in Egypt, Saudi Arabia

Egypt, the Cayman Islands, and Saudi Arabia were among the countries that witnessed an increase in the value of investments during the three-month period ended ...

 

Saudi-UK

UK lawmakers request access to female activists detained in Saudi Arabia

A cross-party group of British lawmakers and lawyers is seeking access to detained female activists whom Human Rights Watch says may have been tortured and ...

 

Phon Art Saudi

7 Amazing Photos From Around Saudi You Won’t Believe Were Shot On A Smartphone

We recently came across an Instagram page called Phon Art Saudi that has been collecting such images and presenting for the world to see. ...

 

Saudi +

Regional and related topics

Iraq

Iraq’s oil exports hit record high above 4 million b/d in December

Iraq's oil exports jumped to a record 4.14 million b/d in December, a month before OPEC's number-two producer was due to curb its production under ...

 

Trump Foreign Policy

Trump is determined to pull US troops from Syria, but refutes specific timeline

“We’re getting out, we’re getting out smart, and we’re winning,” Trump said during a Cabinet meeting, in response to reporters’ questions about U.S. forces there. ...

 

Trump Foreign Policy

Trump, saying holidays were ‘very lonely,’ defends Syria withdrawal and attacks Mattis

Iran “can do what they want there, frankly,” he added, a comment likely to unnerve officials in Israel, who have worried that a U.S. withdrawal ...

 

Iran

U.S. warns Iran against space launches, ballistic missiles

The United States issued a pre-emptive warning to Iran on Thursday against pursuing three planned space rocket launches that it said would violate a U.N. ...

 

GCC Construction

Top 10 GCC construction projects due to open in 2019

Riyadh Metro and Dubai Arena are among the anticipated developments set to open in the new year ...

 

Fethullah Gulen

US officials discuss Turkey’s request for cleric Fethullah Gulen’s return

Turkey’s state-run news agency says a U.S. delegation is meeting Turkish officials to discuss a long-standing Turkish request for the extradition of Muslim cleric Fethullah ...

 

Egypt

Egypt to auction $750 million in one-year dollar T-bills

Egypt will auction $750 million worth of one-year dollar-denominated treasury bills on Sunday, the central bank said on Thursday. ...

 

Iraq and Afghanistan

The New Archaeology of Iraq and Afghanistan

With the return of the Americans, the place was being reordered by the hour. A guard post appeared at the front gate. Here Marines stood ...

 

OPEC

Experts Warn Gulf Rift Widening as Qatar Quits OPEC

The departure, which was announced earlier in December, took effect Tuesday, ending the peninsular Arab country’s 58 years of membership in the international union. ...

 

Afghanistan

Top U.S. commander in Afghanistan sees peace opportunity in 2019

The top U.S general in Afghanistan told NATO troops on Tuesday to prepare themselves to deal with “positive processes or negative consequences” as peace talks ...

 

Yemen

Yemeni hip-hop dancers barred from dancing despite departure of al Qaeda

last month Yemeni security forces briefly detained the five members of the WaxOn band, broke their equipment and only released the dancers after they had ...

 

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