MUST-READS

• Analysis: Stable Oil Prices To Usher In Shale Sector Consolidation

  The worst is behind the oil industry, but several rough months remain ahead because the oil demand recovery has stalled as Covid-19 outbreaks have resurfaced in several key oil-consuming countries. Markets will improve over time, but this effect could be as good as it gets for demand until a Covid-19 vaccine and mobility return to familiar patterns.

• Carlos Ghosn launches new program to help Lebanon’s economy

  At a news conference on Tuesday, Ghosn said that he hoped the program would help play a role in "the reconstruction of the country." "If there's one specific thing that Lebanon needs, it is [to] create jobs," he said, according to a press release provided by the university. "I am ready to put my experience, my knowledge, anything I have in order to support any institution, any team with a purpose."

• How will Qatar′s labor reforms impact South Asian workers?

  Ali Asghar returned to Pakistan from Qatar on September 11 after spending four years in the Gulf state. The 39-year-old, who was part of the 2-million strong foreign workforce in Qatar, told DW he had to work without payment for months. "I was jobless for two years in Doha and lived with my friends. Moving back to Pakistan was not an option because of my country's bad economic situation," Asghar said. "But things were not easy in Qatar also. My employer would not pay his workers for months. We worked at construction sites in abysmal conditions," added Asghar, who is originally from Pakistan's Rawalpindi city.

• Saudi construction sector to contract by 2.8pc, says report

  This is in line with expectations of a severe decline in construction output in Saudi Arabia in Q2 2020 amid plunging oil prices and the Covid-19 pandemic, according to GlobalData, a leading data and analytics company.

• Two More American IS Supporters Repatriated from Syria, Charged With Material Support

  A father and son, part of a family of seven who left the United States to join Islamic State in Syria, are back on U.S. soil, charged with supporting the terror group. Emraan Ali, 53, and his 19-year-old son Jihad appeared in federal court in Florida on Tuesday, charged with material support violations. According to court documents, the pair surrendered to the U.S.-backed Syrian Democratic Forces (SDF) near Baghuz, Syria, in March 2019, as the terror group’s final stronghold collapsed.

  • Al-Monitor - US sanctions Syria’s central bank chief, intel head
• Saudi Arabia’s New Tourism Development Fund

  In the context of the Saudi tourism sector, the NTP aims at marketing Saudi Arabia as a tourist destination regionally and globally through the development of advanced infrastructure, the preparation of the necessary regulations and legislation, and the building of institutional capacities, all of which should contribute to creating jobs and increasing the contribution of the tourism sector to the Kingdom's economy.

• Libyan rivals conclude talks on key security and military issues

  Police and military officers from the UN-recognized Government of National Accord (GNA) and the rival Libyan National Army (LNA) met in the Egyptian Red Sea resort of Hurghada for talks facilitated by the mission.

• African Oil Giant Paves Way to Sell Stake After Aramco Splash

  Nigeria is considering selling shares in its state oil company, which dominates Africa’s biggest petroleum industry and has been central to corruption scandals that have wracked the West African nation since crude was discovered there in the 1950s. Legislation two decades in the making is working its way through parliament that would make the Nigerian National Petroleum Corp. independent of government and cut its access to state funding. The move comes after Saudi Arabia in December sold 1.5% of its national oil company, creating a behemoth valued at nearly $2 trillion that vies with Apple Inc. for the title of the world’s most valuable company.

• Accor expands its footprint in Saudi Arabia with first Swissôtel Living property

  Accor, a world-leading augmented hospitality group, is marking another milestone in the Kingdom of Saudi Arabia after signing a management agreement to expand its premium portfolio with the launch of the first the Swissôtel Living in the Kingdom. The group has partnered with Al Raya Estate Group, a pioneer in the field of real estate development in KSA, Kuwait and the UK to operate the new Swissôtel Living Jeddah. With an opening date scheduled for 2021, the project will be attached to (J View) - an exemplary mixed-use development comprised of hospitality, office, food and beverage and retail components.

• Saudi health campaigners think pink for breast cancer awareness month

  As Breast Cancer Awareness month gets underway, campaigners in the Kingdom will be urging people to think pink, the internationally recognized symbol of October and a color adopted by the Zahra Breast Cancer Association in Saudi Arabia.

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