ECONOMY

Gas Prices Set to Rise 80% in Saudi Arabia as New Relief for Low Income Saudis Planned

MBS-mohammed-bin-salman
Saudi Arabia will soon raise gasoline and jet fuel prices by 80% on consumers as part of broader economic reform plans meant to curb domestic consumption of oil that could be used for exports.

Saudi Arabia

News, analysis, and more

Saudi Cinema

US chain AMC signs Saudi deal after cinema ban lifted

Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theatres in Saudi Arabia after the conservative kingdom lifted a ...

 

Jerusalem

Senior Saudi prince condemns Trump’s ‘opportunistic’ Jerusalem move

Although most foreign policy in Saudi Arabia is now overseen by Crown Prince Mohammed, a source at the King Faisal Centre for Research and Islamic ...

 

Al Qaeda

Bin Laden’s Son Calls for Overthrow of Saudi Arabian Regime Following Trump’s Jerusalem Announcement

The Saudi Arabian monarchy should be overthrown for betraying Muslims and forming strategic alliances with the West, Hamza bin Laden, a son of 9/11 mastermind Osama bin ...

 

2018 Budget

Saudi Arabia to release 2018 state budget on Dec. 19

Saudi Arabia’s government will announce the state budget for 2018 after markets close on Dec. 19, the Information Ministry said on Monday. ...

 

Saudi Aramco IPO

Adnoc IPO Valuation Holds Lessons for Saudi Aramco’s Sale

While there’s a lot of guesswork involved in sizing up a company like Aramco that’s never divulged financial statements, private sector analysts have put much ...

 

Education

Saudi plans major overhaul to poorly performing education system

The country’s National Transformation Programme seeks to repair an outdated education system that has consistently placed Saudi students near the bottom of international assessment rankings ...

 

Corruption Crackdown

Saudi Arabia’s Anti-Corruption Commission Expects 8,000 complaints by End of 2017

“The number of complaints by the end of this year is expected to increase to more than 8,000. As a result, the cases referred to ...

 

Household Subsidies

Saudi to announce launch of household allowance system on Tuesday

Saudi Arabia’s government will announce on Tuesday the launch of a system of financial allowances to help low- and middle-income households cope with the costs ...

 

Domestic Energy Prices

Saudis Are Said to Plan 80% Gasoline Price Increase in January

Saudi Arabia plans to raise domestic gasoline and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom ...

 

Saudi Aramco IPO

Aramco Can Learn From Oil’s School of Hard NOCs

Aramco has heft, technical expertise and a monopoly on the lowest-cost oil reserves on Earth. Yet Aramco also bears a heavy burden in supporting the Saudi ...

 

Aramco Technology

Watch Out Tesla, Aramco’s Carbon Capture Truck Is Coming

Aramco does not only produce about 10 millions of barrels of crude oil along with vast quantities of gasoline and petrochemicals each day. It also ...

 

Entertainment

Stand-up comedy takes Saudi Arabia by storm

Saudis took the stage one by one to poke fun at the world - and themselves - introducing a hissing, cackling audience to an art ...

 

Foreign Arm Sales

Uncertainty shrouds Canadian arms sales to Saudi Arabia

But rights groups, as well as challenges against the government, have renewed fears that the Canadian equipment may be used by Saudi Arabia to carry ...

 

Water

Saudi-led group wins deal to build key Oman water project

ACWA Power leads consortium picked to build and operate plant to generate 25m gallons per day ...

 

Saudi +

Regional and related topics

Jerusalem

EU’s Federica Mogherini rebuffs Netanyahu on Jerusalem

The EU's foreign policy chief says there is "full EU unity" in support of Jerusalem becoming the capital of both Israel and a future Palestinian ...

 

Jerusalem

Netanyahu urges EU leaders to wait for US Middle East peace plan

It comes after US president Donald Trump recognised Jerusalem as the capital of Israel on Wednesday last week — a move that prompted Jordanian MPs ...

 

Israel-Palestine Violence

Two Palestinians killed in Israeli attack in Gaza: local residents

An Israeli air strike killed two Palestinians riding a motorcycle in the Gaza Strip on Tuesday, local residents said. The Israeli military had no immediate ...

 

Russia in the Region

Russia will keep bases in Syria to strike at ‘terrorists’: Kremlin

Russia will keep a naval and an air base in Syria capable of carrying out strikes against “terrorists” if required after a partial military pull-out ...

 

Russia in the Region

Thousands of Russian private contractors fighting in Syria

The St. Petersburg-based website Fontanka reported that about 3,000 Russians under contract to the Wagner group have fought in Syria since 2015, months before Russia’s ...

 

U.S. Department of State

Doubts about U.S. State redesign deepen with erroneous comments

U.S. Secretary of State Rex Tillerson holds a town hall with staff on Tuesday amid skepticism about his planned agency reorganization that has been aggravated ...

 

Paris Climate Agreement

Green cash, carbon tax: What to expect at Paris climate meet

French President Emmanuel Macron is hosting an international summit Tuesday to mark the second anniversary of the Paris climate agreement, hoping to inject the pact ...

 

Iran in the Region

Commentary: The Logic Behind Iran’s Regional Posture

There is an astonishing mismatch between how Iranian top security officials and external observers assess Iran’s military strength and ambitions. While the latter believes that ...

 

1994 Argentina Attack

Iranian Terror. Argentinian Cover Up. Justice at Last?

One morning last week, Argentines woke up to a political earthquake: A judge had charged a former president, Cristina Fernández de Kirchner, with “treason against the ...

 

ME Exports

Middle East exports total $766b in 2016

The Middle East has registered $765.8 billion worth of exports and imports totalling $665.2 billion during 2016, according to a report by the World Trade ...

 

Recent Editions