ENERGY

Saudi Arabia Explores Interconnected Gas Grid for Region

al-falih4
Saudi Arabia may pursue an interconnected natural gas grid in the region that would link together the Kingdom with Oman, Kuwait, and the United Arab Emirates, according to reports.

Saudi Arabia

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Economy

Saudi Oil Minister Expects Recession But Isn’t Worried About Oil Prices

"A lot of resilience has been built into the global economy through regulatory systems. Companies and governments have built better fiscal positions," Al-Falih said as quoted ...

 

Heavy Crude

Saudi and Canadian Cuts Are Leaving World Hungry for Heavy Crude

This means the type of oil that accounts for more than 10 percent of the world’s refinery supplies, already growing scarce with Venezuela’s collapse, will ...

 

Natural Gas

Saudis Plan To Link UAE, Kuwait, Oman In Regional Gas Grid

Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the Kingdom’s gas ...

 

Stock Market

Plot Set to Twist in Saudi Stocks’ Tale of Two Halves This Year

The kingdom’s stocks are set to rally in coming months as billions of dollars gush into the market on its inclusion in benchmarks for developing-nations. ...

 

Renewable Energy

Saudi Arabia’s Al-Falih says 12 renewable projects likely in 2019

Saudi Arabia’s investments in renewable energy would focus on Saudisation in the technology sector; human resources training; finding a “balanced mix of fossil and alternative ...

 

Red Sea Security

The New Saudi Initiative of Arab and African Coastal States of the Red Sea and the Gulf of Aden

Saudi Arabia’s outreach to the African side of the Red Sea and Gulf of Aden is driven by its desire for security in these waters ...

 

Italian Super Cup

Saudi sports authority to broadcast the Italian Super Cup online

Football fans who are following the Italian Super Cup can watch the match tonight through Saudi Arabia’s General Sports Authority’s (GSA) Twitter page, the authority ...

 

NEOM

Saudi Arabia to start first phase of Neom project

NEOM Bay will have white beaches with a "temperate climate" and designed to be eco-friendly and generate energy from renewable sources. Water desalination will be made without ...

 

Saudi students

Saudi student leads new wave of female Uber drivers

A 23-year-old Saudi university student is spearheading a new wave of women taxi drivers in the Kingdom. ...

 

Digital Media

Canon partners with Copatra to spur Saudi Graphic Art industry

CANON Saudi Arabia, the leader in imaging and printing solutions, on Tuesday announced a strategic partnership with Copatra Graphics, a leading provider of printing and ...

 

U.S.-Germany

Germany still won’t approve arms exports to Saudi – spokeswoman

Germany will still not approve arms exports to Saudi Arabia, a spokeswoman for the German Economy Ministry said on Wednesday. ...

 

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Regional and related topics

Global Oil Markets

OPEC and Non-OPEC Oil Producers Try to Narrow the Price Gap

OPEC and its non-OPEC allies are working to drain excess supply and balance oil markets, but much depends on whether the expanded oil producers’ club ...

 

Banking and Finance

Consolidation of GCC banks to fuel profitability

A flurry of merger and acquisition activity among Gulf Cooperation Council (GCC) banks has emerged in recent months, and this is credit positive for the ...

 

Sukuk

Global sukuk issuances to reach up to $115bn in 2019 with oil wild card

The global issuance of Sharia-complaint foreign and local currency bonds this year is expected to reach as much as $115 billion (Dh422.1bn), the same level ...

 

UAE

Property Slump to Weigh on U.A.E. Banks as Bad Loans Set to Rise

One of the country’s smallest banks is being bailed out, problem loans are expected to rise this year and lenders are exploring mergers to stay ...

 

Israel

U.S. official cautions Israel over Chinese investments

A U.S. official cautioned Israel on Wednesday over investments from China, citing cyber-security concerns and the prospect of Israel’s allies limiting intelligence-sharing with it. ...

 

Turkey

Burj Al Babas is a ghost town of castles in Turkey

It’s a familiar story: A construction sector buoyed by foreign investment and stalled by an inevitable slowdown. The question is whether that slowdown will foment ...

 

Egypt

Archaeologists find Rome-era tombs in Egypt’s Western Desert

Egypt says archaeologists have uncovered two ancient tombs dating back to the Roman period in the country’s Western Desert. ...

 

Turkey

Turkey seeking warrant for Enes Kanter of New York Knicks

The newspaper says prosecutors are seeking an Interpol "Red Notice" citing Kanter's ties to Fethullah Gulen, who is blamed for a failed coup in 2016, ...

 

Oil Prices

Oil prices rise, but global slowdown looms

Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening economic outlook may soon weigh on growth in ...

 

War in Yemen

U.N. to approve Yemen truce monitors on Wednesday – diplomats

The United Nations Security Council is due to vote on Wednesday to approve the deployment of up to 75 observers to Yemen’s port city of ...

 

MSCI UAE

Nasdaq Dubai expands futures trading with MSCI UAE launch

Nasdaq Dubai on Tuesday launched futures trading on the MSCI UAE equity index, in the latest expansion of the exchange’s futures market. The contracts are designed ...

 

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