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Khamenei blasts Emirati ‘treason’ against Muslims after Israel deal
In a strongly worded speech, Iran’s supreme leader attacked the UAE government for normalizing ties with Israel, a move he slammed as “treason” against the Islamic world.
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Goldman Expects Oil To Reach $65 Next Year
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman Sachs analysts. In a note, they also said they expected West Texas Intermediate to rally to $55.88 a barrel by the third quarter of next year, up from $51.38 a barrel in earlier forecasts, Business Insider reports. "There is a growing likelihood that vaccines will become widely available starting next spring, helping support global growth and oil demand, especially jet," the Goldman analysts said.
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Iraq Seeks Exemption From OPEC Export Cut Deal Next Year
Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday.
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Macron in Beirut: The limits of French influence in the Middle East
His Monday night arrival in the Lebanese capital marked his second visit in the space of weeks and coincided with the 100th anniversary of the country’s formation as a French colonial protectorate. Macron planted a cedar tree, an iconic emblem at the center of the Lebanese flag, with hopes for Lebanon’s “rebirth.” French fighter jets soared above the city in formation, trailing red and green smoke.
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Qatar’s Next Gambit After World Cup? Convincing Expats to Stay
Qatar has set out to create a more permanent worker population with sweeping labor reforms introduced this week as it winds down a building frenzy for the 2022 soccer World Cup. Achieving that goal would mark a fundamental shift in the economics of the world’s biggest exporter of liquefied natural gas. Foreign workers account for 95% of Qatar’s workforce and about 90% of its population.
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Lebanese leaders begin talks to form new crisis government
Lebanon’s prime minister-designate began consultations on Wednesday to form a new, crisis Cabinet, a day after French President Emmanuel Macron said Lebanese politicians had committed to a road map that begins with the formation of a government within two weeks to enact reforms. Mustapha Adib, a 48-year-old diplomat, was hastily approved for the job of prime minister earlier this week, ahead of a two-day marathon visit by Macron that ended on Tuesday night. It was his second visit in less than a month as Lebanon faces multiple crises and challenges — including an unprecedented financial and economic meltdown and the aftermath of last month’s massive explosion in Beirut’s port that ripped through the capital.
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Saudi Arabia’s Future Investment Initiative postponed until January
One executive involved in the event said that consideration had been given to staging a “virtual” FII but it was decided that an in-person event was preferable, even if it had to be delayed. “The challenge was not guaranteeing safety once in Saudi Arabia, but the difficulties of getting there and back for a three-day event,” he added.
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Perspective: Pakistan ties with Saudi Arabia suggest a marriage where divorce is not possible
Saudi Arabia is home to more than 2.5 million Pakistani expatriates whose remittances contribute significantly to Pakistan’s economy. Indeed, overseas remittances make up around 86 per cent of Islamabad’s foreign reserves. Out of these, approximately 30 per cent are inflows from the Kingdom.
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Scientists in Saudi Arabia push the boundaries of solar power technology
High temperatures have two adverse effects: They reduce the panel’s electricity generation, and they further shorten the panel’s lifetime. As a result, effective panel cooling has always been highly sought by solar projects in arid and semi-arid regions, such as the Gulf.
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Saudi Arabia: Four cities among 100 most popular
The survey used data from Euromonitor International’s 2019 travel report. Pulling data from 400 cities, collected in mid-2019, the report encompasses millions of travellers who stayed at their destination longer than 24 hours.
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