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QUOTED
“Aramco has demonstrated the full power of the Saudi market…[W]e believe the Saudi market will continue to be a strong and vibrant market for IP0s in 2020.”
-Mohammed Ali Yasin, chief strategy officer at Al Dhabi Capital Ltd in Abu Dhabi. [reuters.com]
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TOP STORY
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC). [more]
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TOP STORY
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report. [more]
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MORE TOP STORYLINES
Via Ilya Arkhipov and Dina Khrennikova in bloomberg.com : OPEC and its allies only recently started a fresh round of deeper production cutbacks, the latest step in a three-year effort to prevent plentiful U.S. shale supplies putting the global market into surplus. But the outlook has deteriorated rapidly in the last few weeks as the coronavirus clouds the outlook for the global economy.
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Via Dale Gavlak in voanews.com : Iraq resumed joint military operations last week with the U.S.-led coalition to fight Islamic State after a nearly three-week pause that followed heightened tensions with Baghdad over Washington’s targeted killing of a top Iranian general, Qassem Soleimani, on Iraqi soil in January.
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Via Thomas Shambler in esquireme.com : Residents of Saudi Arabia took to social media this week to post the bewildering sight of a swarm of 360 billion (with a B) of locusts. The massive locus swarm measures roughly the size of New York’s island of Manhattan, and has caused tens of millions worth of damage. It has already devastated parts of East Africa, and the worst is yet to come.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia and Lebanon's installations at the Venice Biennale seek to redress the balance by questioning masculine views and Western myths surrounding the portrayal...[By Rebecca Ann Hughes via euronews.com]
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Middle East countries spent 4.2 per cent of their gross domestic product (GDP) on defence in 2023, the highest rate globally, as ...[By Deena Kamel via thenationalnews.com]
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Saudi Arabia’s sovereign wealth fund agreed to buy a majority stake in Saudi Telecom Co.’s tower unit for 8.7 billion riyals ($2.3 billion)...[By Dana Khraiche via ]
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The Schengen Area, which includes 29 European countries, was expanded last February to include Bulgaria and Romania, eliminating all air and maritime...[By Mona Farag via thenationalnews.com]
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Saudi Arabia is pushing for a ceasefire in Gaza and the entry of more aid into the territory amid Israel’s war...[via alarabiya.net]
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The institute noted that three largest spenders in the region — Saudi Arabia, Israel and Turkey — all increased military spending last year. Saudi Arabia...[By Adam Lucente via al-monitor.com]
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The head of Saudi Arabia’s state oil company praised China’s exports of green technology, echoing Beijing’s talking points in what appeared to be a deliberate...[via semafor.com]
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Startups are a critical component of the 21st-century economy, driving innovation, creating jobs, and fostering national economic growth. In Saudi Arabia, venture...[By Sharif Almadani via linkedin.com]
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Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in...[By Yousef Saba via reuters.com]
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The unusual appearance at the cartel’s headquarters of Wang Qun, China’s ambassador to international organizations in Vienna, underscores how the outbreak has upended the global...[By Grant Smith, Salma El Wardany, and Javier Blas via bloomberg.com]
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Turkey's President Recep Tayyip Erdogan has vowed to continue Ankara's operation in Idlib, Syria, after at least four Turkish soldiers were killed during "intensive shelling"...[via dw.com]
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Salih named Mohammed Tawfik Allawi as his designee for the premiership. Salih has set a deadline for February 1 for Iraq’s parliament to elect a...[via atlanticcouncil.org]
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Iran wants to resolve differences with its Gulf foes Saudi Arabia and the United Arab Emirates “as quickly as possible”, Tehran’s ambassador to Iraq told...[By John Davison and Babak Dehghanpisheh via reuters.com]
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The talks, likely to last all week, represent progress since for days Khalifa Haftar – the general who leads the self-styled Libyan National Army, based...[By Patrick Wintour via theguardian.com]
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While McKenzie said the recent fighting did not aid prospects for peace, he identified Iran’s support for the rebels as the bigger problem. “It is...[By Missy Ryan and Kareem Fahim via washingtonpost.com]
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“We got close once before to having an agreement, a piece of paper that we mutually executed, and the Taliban weren’t able to demonstrate either...[By Edward Wong via nytimes.com]
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Borrell’s trip, his first to Iran since taking office, follows a spike in tensions between Washington and Tehran after the January 3 assassination in Baghdad...[via timesofisrael.com]
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