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  • Iranian, European diplomats meet in Norway for ‘brainstorming’

    Iranian and European diplomats have met in Norway for talks geared to revive the 2015 nuclear deal, Amwaj.media has learned. Multiple sources with knowledge of the recent engagement have confirmed that the discussions took place in Oslo last week.

  • The road to war: An ex-Reuters journalist recalls the chase for WMD in Iraq

    It was March 6, 2003, about two weeks before the U.S. would invade Iraq. I was on an airplane interviewing a large delegation of United Nations weapons inspectors and other UN officials about their hunt for Iraq’s alleged weapons of mass destruction (WMD). After months of investigations, UN teams scouring Iraq had uncovered no evidence to support U.S. allegations that the Iraqi government was developing nuclear, chemical or biological weapons.

  • Top Biden Adviser Says US Won’t Rush to Fill Petroleum Reserve

    The US is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so immediately despite the recent decline in oil prices, a top Biden administration official said. “Why don’t we take this one day at a time,” Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein said in an interview on Bloomberg Television’s “Balance of Power.”

  • Saudi Wealth Fund Doesn’t Have to Testify in PGA-LIV Feud — For Now

    Saudi Arabia’s sovereign wealth fund won a reprieve, for now, over being forced to provide evidence in an acrimonious antitrust battle between PGA Tour Inc. and LIV Golf, the rival upstart backed by the oil-rich kingdom. A California federal judge on Wednesday put on hold a magistrate judge’s February ruling that granted PGA’s request to push the Public Investment Fund and its governor, Yasir Al-Rumayyan, to testify under oath and produce documents in the legal fight.

  • OPEC Concerned About Demand Slowdown in US, Europe, Chief Says

    “We see a divided market — almost like two markets,” OPEC Secretary-General Haitham Al-Ghais said at the CERAWeek by S&P Global conference Tuesday. Ensuring “security of demand” in regions where inflation is crimping consumption is as critical as ensuring supplies, he said. For now, though, rebounding demand in Asia will help keep the market broadly balanced in the first half of the year, with global consumption seen rising by 2.3 million barrels a day to average 101.87 million barrels a day in 2023, according to the latest report from OPEC’s Vienna-based secretariat. After that, the market is expected to tighten as global inventories decline and the 23-nation OPEC+ coalition, led by Saudi Arabia, aims to keep production levels unchanged for the rest of the year.

  • Turkey’s opposition bloc eyes deal to reunite, elevate popular mayors

    Turkey's opposition neared a deal on Monday in which the right-wing IYI Party could return to an alliance that it quit three days ago, opening the way to mounting a united challenge to President Tayyip Erdogan in elections set for May. Under a new proposal following a weekend of political intrigue, two popular mayors would serve as vice presidents should the opposition win in the presidential and parliamentary elections on May 14.

  • Biban 2023: Saudi Arabia’s largest SME conference hosts final round of Entrepreneurship World Cup and other major highlights

    Biban, Saudi Arabia’s largest start-up, SME, and entrepreneurship conference, takes place between March 9 and March 13, 2023, at the Riyadh Front Exhibition & Conference Center.

  • Saudi Arabia’s Gen Z citizens most entrepreneurial in Kingdom: study

    Saudi Arabia’s Generation Z citizens are the most entrepreneurial in the Kingdom. according to new research by Western Union. Gen Z consumers in Saudi Arabia, identified as men and women aged between 18 and 24, are twice as likely to send cross-border remittances in support of their business interests at home than any other group, according to Western Union research.

  • EU, Russia take strong positions as Ukraine war takes centrestage on G20 meet eve

    The foreign ministers meeting comes days after a meeting of finance chiefs of G20 countries in Bengaluru which was also overshadowed by Russia's war in Ukraine. Delegates at the Bengaluru meeting wrangled over condemning Russia for the war, failed to reach a consensus on a joint statement and settled instead for a summary document. "This war has to be condemned," Josep Borrell, the European Union's High Representative for Foreign Affairs and Security Policy, told reporters.

  • Pricing Petroleum in China’s Yuan Sounds Inevitable. Not for Saudi Arabia.

    Astonishing as it is, the narrative is an illusion. Ask quietly in government circles in Riyadh, Abu Dhabi, Kuwait City or Doha about the petroyuan, and the response — even in the weeks following Xi’s visit to Riyadh — is unanimous: the petrodollar is here to stay. On a recent trip to the region, I didn’t hear a single official talking seriously about making preparations to introduce a new currency to the mix. The answers sound a lot like this: What’s in it for us? The greenback is freely convertible, the yuan isn’t; the dollar is liquid, the yuan isn’t. That’s the polite version; the more candid answers sounded even more emphatic about the absurdity of turning to a managed currency produced by an opaque and unpredictable financial machine. As in every conspiracy, there’s a grain of truth in the petroyuan tale, however. Xi did encourage the region to embrace the yuan for oil trade. But rather than pricing oil in yuan, as many had expected, Xi simply asked Middle East producers to accept payments in yuan.