GLOBAL OIL MARKETS

Saudis ‘interested in market stability first and foremost’ despite Trump’s tweets

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President Trump's attempts to restrain oil prices have a reduced impact as Saudi Arabia says it will continue output cutbacks aimed at raising the price on global indices.

Saudi Arabia

News, analysis, and more

Asia Tour

Saudi Crown Prince’s Asia Tour Accelerates “Eastward Tilt”

Still, while Saudi Arabia’s economic relations with key Asian countries have been growing ever since the rise of Asian economies (The Asian Century will be ...

 

Global Oil Markets

Aramco CEO Amin Nasser: Investors Tuning Out of Oil Industry

The oil industry faces a "crisis of perception" and there’s a growing risk the financial community will turn against fossil fuels, the chief executive officer ...

 

Oil

Saudis Hold Firm on Oil Output Cuts After Trump Says ‘Relax’

Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to ...

 

Saudi-China

Saudi Arabia to boost oil exports to China with strategy shift

Saudi Arabia is set to boost crude exports to China in 2019 as demand there grows and after Saudi Aramco shifted strategy to boost its ...

 

Construction

Projects worth $133bn offered to Saudi contractors

The projects were presented to the kingdom’s contractors at the Future Projects Forum in Riyadh on Monday – an event opened by Riyadh governor, Prince ...

 

Aramco-SABIC

Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources

Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian ...

 

Diplomacy

Saudi minister pledges to cooperate with U.N. rights forum, no word on Khashoggi

“We will also cooperate with the U.N. mechanisms related to human rights including the Human Rights Council,” Adel bin Ahmed Al-Jubeir, Saudi minister of State ...

 

MERS

WHO says 2 events boosted Saudi hospital MERS outbreak

Nine healthcare workers are among the 39 MERS-CoV patients identified in a hospital-based outbreak of the virus in Wadi ad-Dawasir, Saudi Arabia, and according to ...

 

Media

Abolish ministries of information, Saudi Arabia’s Prince Turki al-Faisal says

Government ministries of information no longer serve any purpose and should be abolished, a senior member of the Saudi royal family said on Tuesday. Prince Turki ...

 

Cultural Heritage Sites

Saudi Arabia has world-class cultural heritage sites

The world will soon realize that we are a country with an extraordinarily rich material heritage. We have more than 6,300 cultural heritage locations, many ...

 

Banking and Finance

StanChart gets approval to open unit in Saudi Arabia

Saudi Arabia's cabinet approved a license for Standard Chartered to open a unit in the kingdom, the state news agency reported on Tuesday. ...

 

Natural Gas

Saudi Arabia Aims To Become Large Natural Gas Exporter

Aramco will solely develop Saudi Arabia’s conventional and unconventional gas reserves, and the options for exports include exports via pipelines and liquefied natural gas (LNG), ...

 

Saudi +

Regional and related topics

India-Pakistan

India and Pakistan say they’ve launched airstrikes against each other.

While the countries have had a contentious relationship since 1947, this week's escalation reached heights not seen in recent years. ...

 

War in Yemen

New U.N. access to Hodeidah mills could boost Yemen aid operation

The United Nations regained access to a grains facility near Yemen’s Hodeidah port on Tuesday, potentially allowing an increase in food aid to millions at ...

 

Trump Foreign Policy

Perspective: Why Withdrawing from Syria and Afghanistan Won’t Save Much Money

President Trump has said he wants to remove roughly 1,600 U.S. advisers from Syria and about 7,000 American advisers from Afghanistan. ...

 

Iran

Iran president rejects Foreign Minister Zarif’s resignation

Iran's President Hassan Rouhani has rejected the resignation of his Foreign Minister, Mohammad Javad Zarif. In a letter, Mr Rouhani praised Mr Zarif's record and said: ...

 

Iran

More Tax and Fewer Petrodollars: Iran Prepares to Face Sanctions

The return of U.S. sanctions targeting Iran’s energy, banking, and shipping sectors is expected to put more pressure on the Iranian economy in 2019. ...

 

Tech and Security

Microsoft Stands By Its $480 Million Pentagon Contract

The company, however, has no intention of distancing itself from the project, a Microsoft spokesperson told Nextgov on Monday. The decision comes amid growing tension between tech ...

 

World Cup

UAE, other Gulf states could co-host expanded Qatar 2022 World Cup – sports chief

The United Arab Emirates, Kuwait and Oman could stage some World Cup 2022 matches if required by hosts Qatar in order to hold an expanded ...

 

Russia in the Region

Netanyahu To Meet Putin in Moscow Amid Strained Ties

Ahead of the February 27 visit to Moscow, Netanyahu said the talks would focus on Israeli efforts to prevent Iran from establishing a long-term presence ...

 

Jihadi Study

Opinion: ‘Jihadi bride’ doesn’t fit: we need a new language for female militants

Women in the caliphate served as doctors and midwives, language instructors, recruiters and intelligence agents, and morality policewomen who tormented locals. ...

 

Iran

Commentary: Iran Is Committing Suicide by Dehydration

Over the past 40 years, the regime’s entrenched corruption, cronyism, and mismanagement of environmental and natural resources have brought Iran to the edge of disaster. ...

 

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