OIL MARKETS

Al-Falih Signals ‘Wait and See’ Approach to Trump’s Harsher Iran Oil Sanctions

Falih-MBS-Nasser
The recent decision by President Trump to end all Iran sanction waivers by May was welcomed in Saudi Arabia, but the Kingdom indicated it would respond cautiously with decisions on oil production.

Saudi Arabia

News, analysis, and more

Quality of Living

Transforming Riyadh: A New Urban Paradigm?

All of these efforts resulted in massive urban sprawl and the domination of commercial uses alongside these highways, which significantly impacted life in the various ...

 

Oil Markets

Saudis Said to Plan Cautious Response to U.S. Action on Iran Oil

Saudi Arabia is ready to boost oil production in response to tighter U.S. sanctions on Iran, but doesn’t plan any radical moves. The world’s largest ...

 

Iran Sanctions

Saudi Arabia welcomes U.S. move to end all Iran sanction waivers

Saudi Arabia’s foreign minister on Tuesday welcomed a U.S. decision to end all Iran sanction waivers by May, saying it was a necessary step to ...

 

Sri Lanka Attacks

Two Saudis among 31 foreigners killed in Easter Day attacks in Sri Lanka

Mohamed Jafar and Hany Osman, cabin crew with Saudi Arabian Airlines, were in transit and staying at one of the three hotels targeted ...

 

Blockchain

Blockchain JV in Saudi Arabia aims to create cross-sector opportunities

WISeKey International Holding, a cyber-security, IoT and blockchain group of companies, and Saudi Advanced Technologies have announced a joint venture to expand WISeKey’s offerings in ...

 

Vision 2030

Opinion: Riyadh May Have Unleashed More Change Than It Can Handle

A rapid process of social and economic transformation is unfolding in a deeply traditional society, where it is inevitably causing some disquiet. ...

 

Housing and Real Estate

Saudi Real Estate Refinance Co plans up to 4 bln riyal sukuk sale this year

Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of ...

 

Governance

King Salman receives Saudi mayors, municipal heads

King Salman on Monday received regional secretaries, mayors, heads of municipal councils and senior officials of the Ministry of Municipal and Rural Affairs at Al-Yamamah ...

 

Security

Saudi Arabia Executes 37 Convicted of Terrorism

Saudi Arabia executed 37 citizens found guilty of various terrorism-related charges, the Interior Ministry said on Tuesday. The executed were accused of adopting extremist ideology, forming ...

 

Tourism

Saudi’s Al Tayyar re-brands as Seera, seeks to double booking value

Saudi Arabia’s largest travel company, which has re-branded itself as Seera, aims to more than double the gross value of its bookings in the next ...

 

Banking and Finance

Saudi Arabia’s Alinma Bank CEO Says Open to Merger Opportunities

Saudi Arabia’s Alinma Bank would be open to a merger if a deal adds value for shareholders, its chief executive officer said. “Mergers and acquisitions are ...

 

SABB-Alawwal

Saudi CMA approves SABB’s capital raise request to merge with Alawwal Bank

Saudi Arabia's Capital Market Authority (CMA) approved Saudi British Bank’s (SABB) request for raising its capital to SAR 20.55 billion from SAR 15 billion. SABB will ...

 

GIB

Bahrain’s GIB completes conversion of Saudi branches into local bank

Gulf International Bank (GIB) has completed the conversion of its Saudi Arabia branches into a locally incorporated bank, the first time that a foreign bank ...

 

Saudi +

Regional and related topics

Sri Lanka Attacks

Sri Lanka bombings were retaliation for New Zealand mosque attacks, official says

A Sri Lankan defense official said Tuesday that an initial investigation has determined the Easter bombings were carried out in retaliation for the shooting attacks ...

 

Iran Sanctions

American drillers surge, Saudi agrees to steady oil supply after Iran waivers cease

Drillers based in places like Texas, Oklahoma and California added billions of dollars in market value on Monday after the Trump administration announced it’ll no ...

 

Yemen Civil War

Yemen’s Houthis say Saudi, UAE in missile range if Hodeidah truce cracks

Yemen’s Houthi forces have missiles that could be fired at Riyadh, Dubai and Abu Dhabi should violence escalate in the main Yemeni port city of ...

 

Iran Sanctions

Commentary: Trump’s Big Iran Oil Gamble

Coming just two weeks after President Donald Trump said he would designate Iran’s Islamic Revolutionary Guard Corps as a terrorist organization, Monday’s decision represents Washington’s ...

 

Iran

Iran Names Fiery Chief to Lead Elite Force Targeted by U.S.

Supreme Leader Ayatollah Ali Khamenei appointed General Hossein Salami, 58, to replace General Mohammad Ali Jafari, according to a decree. Salami’s fiery speeches during Friday ...

 

Algeria

How unemployment helped drive Algeria protests

Caught up within the bulging birth rates that have subsumed the region, 54% of Algeria’s current population are under 30 years of age. Significantly, unemployment stands at 26.4% within that same ...

 

Libya

Strongman Style, Oil Led Trump and Bolton to Embrace Libyan Warlord Haftar

Bolton’s vision, one source told us, is “in a Libyan landscape besotted with radical militias and anti-American Islamists, an aspiring strongman like Haftar with past ...

 

Hezbollah

US offers up to $10m for information on Hezbollah’s finances

The officials said they are specifically looking for information on Mohammad Bazzi, Adham Tabaja and Ali Charara - three international businessmen and supposed Hezbollah financiers. ...

 

Oman

Once A-Rated at S&P, Oman Now Risks Descending Deeper Into Junk

Rated A by S&P as recently as four years ago, the company put the sultanate on notice on Friday by cutting the outlook to negative ...

 

India

Voting begins in 3rd phase of India’s national elections

Indians are voting in the third phase of the general elections with campaigning by Prime Minister Narendra Modi’s Hindu nationalist party and the opposition marred ...

 

Israel

Netanyahu trapped between Trump, allies

In Netanyahu’s future coalition, made up of right-wing parties and the ultra-Orthodox, it looks like almost any potential partner can challenge Netanyahu’s narrow majority and ...

 

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