IMF’s Regional Economic Outlook Says Saudi Needs $85 Oil for Fiscal Balance

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Saudi Arabia

News, analysis, and more

Energy

Saudi’s Falih will stick to global oil deal, pact could be extended: RIA

Saudi Arabia will not rush to boost oil supply to make up for a loss of Iranian crude due to U.S. sanctions, and will stick ...

 

U.S.-Saudi Relations

Pompeo defends US support for Saudis in Yemen as ‘in America’s best interest’

“Airplanes flying through King Khalid International Airport in Riyadh are at risk, and the United States has an obligation to protect our citizens,” Pompeo said ...

 

Oil Markets

Why The IMF Is Wrong About Saudi Arabia Needing $85 Oil

Once again, the International Monetary Fund (IMF) has made outlandish and inaccurate claims that Saudi Arabia needs—absolutely NEEDS—to push the price of oil higher to ...

 

Housing and Real Estate

Saudi bank mortgages tripled in Q1

Bank mortgage contracts tripled in the first quarter of 2019 compared to the same period last year, growing 221% and totalling 31,462 contracts valued at ...

 

Hospitality

Hyatt Plans to Double Its Brand Footprint in the Kingdom of Saudi Arabia by 2023

Hyatt Hotels Corporation (NYSE: H) announced today that it expects the number of Hyatt hotels in Saudi Arabia to double, with five additional Hyatt branded ...

 

US Grain Exports

USGC Focusing on Saudi Arabia Opportunities

As the Saudi government continues to revise its subsidy rates, that could lead to more opportunities for U.S. sorghum or corn imports used for animal ...

 

Economy

Why Saudi Arabia is investing in innovation

Dr Hayat Sindi, the first Saudi and female scientist to become a UNESCO goodwill ambassador for sciences, says it’s important to cultivate among youth ...

 

Media

Misk Foundation and Arab News launch journalism training program for Saudi graduates

Arab News, the Middle East’s leading English-language daily, is partnering with Misk, the not-for-profit organization that empowers Saudi youth, in a journalism training and mentorship ...

 

Health

Tobacco imports to Saudi Arabia nearly halved, data show

The imports of tobacco products to Saudi Arabia dropped by 43.1 percent last year to stand at SR1.78 billion compared to the previous year apparently ...

 

Parkour

Whaaaaat, Saudi’s first Parkour gym!

We started trying to launch parkour back in 2013 and kept failing. In 2017 we finally started getting traction and over the past two years ...

 

Construction

Wood bags contract for new technology center for SABIC in Saudi Arabia

Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research centre in the Kingdom of Saudi Arabia. ...

 

Ford

Ford Trucks units delivered to Saudi builder Saad Saaed Al-Saadi & Sons

Based out of the Makkah, contractor Saad Saeed Al Saadi & Sons has implemented infrastructure development projects, including roadworks, rock cutting and demolition-related work, in ...

 

Saudi +

Regional and related topics

ISIS

ISIS leader Baghdadi makes first video appearance in 5 years, emphasizes group’s global reach

Seated cross-legged on a flowered mattress in a bare white room, Baghdadi hailed the Islamic State’s expansion around the globe, urged his supporters to keep ...

 

Global Oil Markets

Oil rises on Venezuela turmoil, Saudi support for OPEC cuts

Despite a shaky global economy, oil prices have surged by about 36%-42% since January, lifted by supply cuts led by the Middle East-dominated producer club ...

 

Turkey

Turkey on an Arms Binge Outdoes World’s Top 15 Defense Spenders

Defense spending in Turkey rose at the fastest pace among the world’s top 15 arms purchasers, a reflection of the burden imposed on the country’s ...

 

Erdogan

Erdogan says F-35 project would collapse without Turkey

Erdogan’s comments, his strongest challenge yet to warnings that Turkey could be removed from the F-35 project, came a day after he discussed the purchase ...

 

Feral Cities

Why US troops ‘flattened’ Raqqa and Mosul, and why it may herald an era of ‘feral city’ warfare

Feral cities are major urban sprawls that lack adequate governance. Warlords, gangs or terror groups occupy a maze of concrete that largely blocks GPS links, ...

 

Taliban Talks

Kabul on lockdown as assembly discusses peace with the Taliban

Afghanistan's usually bustling capital Kabul slowed to a crawl Tuesday amid massive security for a high-stakes peace summit that has previously been a target for ...

 

US Commission on International Religious Freedom

Religious Freedom Report Details Egregious Violations Of Human Rights

The 2019 report identifies 16 countries that engaged in or tolerated egregious violations. China sits prominently on that list. "It takes the strongest stance against ...

 

Egypt

Trump drives for Muslim Brotherhood to be labelled terrorist organisation

The Trump administration is pushing for the Muslim Brotherhood to be designated a foreign terrorist organisation, a move that would put the US at odds ...

 

Israel-Palestine

Commentary: Palestinians Won’t Like Trump’s ‘Deal of the Century’

The Palestinian leadership has very little leverage. A refusal to engage, as Shtayyah threatens, will be an invitation to the U.S. and Israel to unilaterally ...

 

Egypt

Islamist financier, 6 others get life sentences in Egypt

Egypt has sentenced seven Muslim Brotherhood members, including one of the group’s top financiers, to life in prison on charges of joining and funding a ...

 

Islam

After Sri Lanka blasts, government targets the niqab veil

As Sri Lanka’s long civil war ended in this once-contested region along its eastern coast, Muslim women eager to show their piousness began wearing the ...

 

The World

How JK Bauen, Kleindienst are building Dubai’s Seahorse Villas

Few projects have captured the imagination of the international construction sector like The World islands, a man-made archipelago located 4km off the coast of Dubai. ...

 

Airbus

Airbus keeps targets after Saudi writedown takes shine off earnings

European planemaker Airbus stuck to full-year financial targets after reporting slightly higher-than-expected core first-quarter profit, overshadowed by weaker cash and charges related to a German ...

 

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