OIL

Report: The Oil Market Roller Coaster

jadwa-oil-prices-jan20191
It has been a tumultuous six months for oil prices on international indices. Prices have slightly rebounded early in 2019 after a precipitous fall from over $86 in September on the Brent Index to just over $50 on Christmas Day.

Saudi Arabia

News, analysis, and more

Economy

Saudi economy forecast to grow 2% on stronger non-oil sector, higher government spending

The Saudi Arabian economy will expand by 2 percent this year with the non-oil sector getting a boost from higher crude prices and government spending ...

 

CEO Survey

Saudi Arabia CEOs hopeful despite global ‘return to territorialism’

While a worldwide “return to territorialism” remains a major challenge according to 74% of the report’s surveyed CEOs in Saudi Arabia, the top bosses are ...

 

VAT

Lower VAT threshold to increase taxpayer base in Saudi Arabia

The reduction of the value-added tax (VAT) registration threshold to SR375,000 from January 1, 2019, will increase the taxpayer base by 150,000, estimates KPMG Al ...

 

Saudi Workforce

Saudi Arabia to partly pay private sector salaries of selected nationals

The programme aims to support the employment of jobless Saudi graduates, nationals in towns and villages with low population density, Saudi women and special needs ...

 

U.S.-Saudi Relations

Senator Graham says U.S.-Saudi cannot move on until prince ‘dealt with’

Republican U.S. Senator Lindsey Graham said on Saturday the relationship between the United States and Saudi Arabia cannot move forward until Saudi Crown Prince Mohammed ...

 

Saudi-UAE

Saudi-Emirati Coordination Council announces 7 joint initiatives

The Executive Committee of the Saudi-Emirati Coordination Council has announced the launch of seven strategic initiatives, according to a statement released on Saturday. ...

 

Saudi-Germany

Rheinmetall plans to sue Germany over Saudi arms embargo: Spiegel

German weapons maker Rheinmetall plans to sue the government over its decision to stop all arms exports to Saudi Arabia after the killing of journalist ...

 

Retail

Saudi Alhokair’s mall unit files for IPO, offering in second quarter: sources

Saudi Arabia’s Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told ...

 

King Abdullah Port

‘Saudi Arabia will come back stronger than ever’ says King Abdullah Port boss

The sole privately owned port in the country, KAP is the country’s largest and fastest growing. In 2018, the company saw a 36 percent growth ...

 

Al-Ula

Saudi music festival spotlights pre-Islamic heritage

The festival is seen as a soft opening of Al-Ula, an area roughly the size of Belgium that is being touted as the centrepiece of ...

 

ICT

MCIT and Huawei launch ICT Job Fair in Riyadh

The Saudi Ministry of Communications and Information Technology (MCIT) has partnered with Huawei to launch the First Huawei and Partners ICT Talent Job Fair. The ...

 

Saudi +

Regional and related topics

Trump Foreign Policy

Pompeo: US ‘absolutely not’ getting out of the Middle East

Pompeo reiterated that the decision to pull roughly 2,000 troops out of Syria is a "tactical" change that he insisted will not affect the U.S. ...

 

Russia in the Region

Russia Flexes Its Muscle in the Middle East

Since Russia’s 2015 intervention in the Syrian civil war in support of President Bashar al-Assad, Moscow has built strong economic ties with Saudi Arabia, increased ...

 

War in Yemen

Yemen’s Huthis finance war with fuel from Iran: UN report

Fuel loaded from ports in Iran has generated revenue to finance the Yemen Huthi rebel war effort against the Saudi-backed government, according to a report ...

 

Qatar-Lebanon

Qatar Plans to Support Lebanon With $500 Million Bond Buy

Qatar said on Monday it plans to buy $500 million of Lebanese government bonds to help support one of the world’s most indebted countries. Eurobonds ...

 

Afghanistan

Afghanistan attack: More than 100 security officers killed in Taliban assault

More than 100 security forces members have been killed in a Taliban assault on a military base in eastern Afghanistan, authorities said. An interior ministry spokesperson said a ...

 

Chad

Al Qaeda affiliate claims Mali attack that killed 10 UN peacekeepers

SITE, citing a statement from the group, said the attack was carried out in response "to Chad's diplomatic pursuits with Israel". ...

 

War in Yemen

Saudi-Led Coalition Peppers Yemeni Capital With Airstrikes

The escalation in fighting, which follows a deadly Houthi drone attack last week on a Yemeni government military parade, raises doubts about the chances of ...

 

Saudi-Qatar

Qatar’s beIN Group Calls on Hollywood to Help Fight Pirate Broadcaster

Qatari powerhouse beIN Media Group is calling on Hollywood to join in fighting a pirate broadcaster that it alleges has stolen billions of dollars’ worth ...

 

Iraqi Cheer

Meet Iraq’s iconic cheerleader who marches to the beat of his own drum

When Mahdi Al Karkhi enters the stadium, it is as if the president has just walked in. Crowds erupt in cheers as he tilts his ...

 

Red Sea

Egypt bans fishing in Red Sea for 7 months

The official pointed out that catches from the Red Sea make up only three per cent of domestic production or 60,000 tonnes of fish. ...

 

Energy

Death toll from Mexico pipeline explosion rises to 89: health minister

The number of people killed in a gasoline pipeline explosion in central Mexico rose to 89, the country’s health minister said on Monday. ...

 

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