Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal

Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an "upper hand" in the supply competition for Asia's energy demand.

Saudi Arabia

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Saudi Aramco inks $7 billion deal for Malaysian oil venture

Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a ...


Global Oil Markets

Exclusive: Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources

This is the level the OPEC heavyweight and its Gulf allies - the United Arab Emirates, Kuwait and Qatar - believe would encourage investment in ...



Why does Saudi Arabia invest in Southeast Asia?

But behind the cheque book diplomacy is the kingdom's desire to extend its influence in the region and attract Asian investors to Saudi Arabia. ...


Anti-ISIS Campaign

ISIS has brought Saudi Arabia and the United States closer

To accomplish that goal, the Unit­ed States needs to continue its close cooperation with Saudi Arabia. The Trump administration appears to understand that the kingdom ...


Counter Terrorism

Saudi king to work with Indonesia to combat Islamic State: ambassador

A pact to combat terrorism will be the centerpiece of up to 10 agreements that will be signed when Saudi Arabia's king this week visits ...



Saudis await visitors but will they come?

"People would say the social environment isn’t right," he said. "I keep telling them: the social environment will follow. And that is what’s happening today." ...



Milking 22,500 cows in the Saudi Arabian desert

There are 22,500 cows being milked on the Al Badiah dairy farm, one of Almarai’s six super farms in Riyadh, Saudi Arabia. ...



IKEA ranked No.1 retailer brand in KSA

Ghassan Ahmed Al Sulaiman Furniture Trading Co. Ltd, IKEA Saudi Arabia, the leading home furnishings retailer in the Kingdom, has been ranked for the second ...


Social Media

Saudi city to host Arab world’s first YouTube FanFest

The Saudi city of Jeddah will host the Arab world’s first YouTube FanFest on March 10, featuring live shows by some of the region’s most ...


Asia Delegation 2017

Saudi king reported to be taking 506 tons of luggage, including two limos, on trip to Indonesia

A similarly large entourage is expected this week in Indonesia. The Jakarta Post reported that the Saudi group will total about 1,500 people, including 10 ...


Riyadh-Qassim Rail

SAR launches Riyadh-Qassim railway line

The Saudi Railway Co. (SAR) launched on Sunday a 1,250-km railway line to transport passengers during two journeys daily between Riyadh and the Qassim region. ...


Saudi-Bahrain Causeway

Bahrain expects second Saudi-Bahrain causeway to boost tourism

Bahrain, with a population of 1.3 million, had 12.2 million visitors last year, up from 11.6 million the year before. An estimated 8 million came ...


Trade and Investment

Regulations to be amended to grant expats right to invest in Saudi Arabia

The Saudi Ministry of Trade and Investment will assess a plan to amend regulations to allow expatriates to invest in the Kingdom within specific regulations ...


Saudi +

Regional and related topics

Defense Spending

Trump seeks ‘historic’ U.S. military spending boost, domestic cuts

President Donald Trump is seeking what he called a "historic" increase in defense spending, but ran into immediate opposition from Republicans in Congress who must ...


OPEC Oil Output

U.S. Shale Surge Threatens OPEC Strategy

OPEC’s output agreement may have put a floor under prices, but it has also prompted the return of U.S. shale. ...



Perspective: The High Cost of Politicizing Intelligence

At the Central Intelligence Agency, where I served as director of strategy in the Directorate of Analysis, the subject of politicization is introduced to analysts ...


Anti-ISIS Campaign

Pentagon presenting counter-ISIS plan to White House

The strategy includes significant elements of the approach President Donald Trump inherited, while potentially deepening U.S. military involvement in Syria. ...



US drone strike in Syria kills top al-Qaida leader, jihadis say

Abu Khayr al-Masri, who was reportedly married to a daughter of Osama bin Laden, was allegedly responsible for a number of terror attacks, including the ...


Syria Civil War

Russia Tries to Salvage Syria Peace Bid as Iran Dispute Flares

Russia is struggling to salvage its bid to secure a deal to end six years of civil war in Syria as deepening differences with Iran ...



Iran’s ‘Impressive Recovery’ Clouded by ‘Uncertainty,’ IMF Says

Growth is expected to be 6.6 percent in the calendar year ending March 20, reflecting the rebound in oil production and exports, and stabilize at ...



With ISIS besieged in western Mosul, civilians decide it’s time to flee

As the offensive loomed, IS fighters trapped in western Mosul with no exit routes put even more pressure on local residents, hunting with new aggressiveness ...


Donald Trump Presidency

Trump says Yemen raid gained ‘tremendous’ info

President Donald Trump says that a Navy SEAL who died in a raid in Yemen last month helped to collect "tremendous amounts of information." ...


Jewish Centers Threatened

Fifth wave of bomb threats targeting Jewish centers across United States

Wave comes one day after hundreds of headstones damaged at Philadelphia Jewish cemetery; last week, 10 Jewish centers in at least five U.S. states were ...


United Arab Emirates

UAE shelves gas import terminal project

Tenders on $2bn-$3bn Fujairah scheme cancelled two years after bid submission ...



Israeli intelligence minister says Trump created a new path to peace

“Netanyahu went to America after many discussions here in which we spoke about the idea for regional peace, based on security and economic considerations in ...


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