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  • Yemen’s Houthis say hit military objects in Saudi Arabia’s Abha airport

    Yemen’s Iran-aligned Houthis targeted and hit military and sensitive objects in Saudi Arabia’s Abha international airport with drones early on Wednesday, the military spokesman for the group Yahya Sarea announced on Twitter. There was no immediate confirmation of the incident from Saudi authorities. Yemen has been mired in conflict since a Saudi-led coalition intervened in March 2015 to restore the Yemeni government ousted from power in the capital Sanaa by Houthi forces in late 2014.

  • Saudi crown prince, Japan’s defense minister discuss security of marine traffic: SPA

    Saudi Arabia’s crown prince, who also holds the title of defense minister, discussed with Japan’s defense minister cooperation in defense fields and security of marine traffic, Saudi state news agency SPA reported on Tuesday. Crown Prince Mohammed bin Salman and Minister Taro Kono discussed, in a phone call, regional security issues and efforts to ensure the security and safety of maritime traffic, SPA said.

  • King Abdullah suburb project Phase 1 in Saudi’s Jizan 75% complete

    Saudi Arabia is building the King Abdullah suburb in Jizan — as part of the Ministry of Housing’s Sakani programme — which has marked a construction milestone with the completion of 75% of the project's Phase 1. The project extends over an area of more than 4 million m2 and comprises 4,170 villas being developed in four different models, with spaces and specifications.

  • Saudi on the way to becoming a fintech hub

    Saudi’s fintech sector is gaining regional prominence thanks to determined governmental efforts to provide sandbox opportunities for an increasing number of startups in the field

  • Army Chief Denies Trump’s Claim That Generals Make War for Arms Makers

    McConville also provided the first on-the-record confirmation that Joint Chiefs Chairman Gen. Mark Milley has spoken to his Russian counterpart about a spate of provocative actions taken by the Russian military against U.S. forces, in Syria and elsewhere.

  • Saudi Aramco lowers Asia OSPs for October amid signs of tepid demand

    Saudi Aramco lowered its October official selling prices for crude supplies to Asia and the US, while raising some prices for grades bound for Northwest Europe and the Mediterranean, the company said in a pricing letter on Sept. 5.

  • Qatar paying $2m per month to Houthi terror cells: document

    “The $2 million (7.5 million Qatari riyals) monthly support for a former top rebel leader in Taiz Hamoud Saeed Al Mikhlafi, was ordered by the Qatari Minister of Foreign Affairs to the ambassador of Qatar in Oman to thwart the Arab alliance, as part of the charitable expenditures of Qatar Charity Association,” a source told Al Watan newspaper.

  • Saudi Telecom Seeks to Cut $2.39 Billion Offer for Vodafone Egypt

    The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January. The Saudi company in July extended the memorandum of understanding for 60 days due to the impact of the coronavirus pandemic. The cash offer is for Vodafone’s 55% stake in Vodafone Egypt, the remaining part of which is held by state-owned Telecom Egypt. STC had said that the offer gives the Egyptian business an enterprise value of $4.35 billion.

  • Opinion: For Gulf Arab States, China Is a Temporary Friend

    At a time of American retrenchment from the Middle East, there’s a tendency in foreign-policy circles to overestimate China’s influence in the region, even an expectation that it will take on some of the hegemon’s historic responsibilities in the region. But Beijing’s interests there are economic and tend to be concentrated in the Gulf Arab states. What’s more, they have a very limited lifespan, tied to Chinese demographic trends that point to declining demand for hydrocarbons over the next two decades.

  • Gulf asset managers to face pressure amid twin shock

    Asset managers in most of the Gulf will face moderate-to-high pressure on their profitability over the next year to 18 months as a result of low oil prices and the coronavirus pandemic, rating agency Moody's said on Monday.