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  • Libya
    Photo Essay: Libya’s Path to Civil War

    More than three years after the fall of strongman Muammar Qaddafi, Libya is in the midst of a bitter civil war. Political factions and armed groups fight for control of a country struggling with democracy, and state institutions barely function, particularly the army and police.

  • Middle East: Defense Spending
    Mideast Budgets Cushioned From Oil Price Drops

    The compound annual growth rate of the region’s defense spending will grow about 3.48 percent from 2015-2019, according to a report by Nicole Auger, who covers Middle East defense spending for Forecast International. The figure for 2010-2014 was 8.45 percent, she said. Some of this decline is tied to the anticipated fall in oil prices, she said.

  • Saudi - Jordan
    Jordan, Saudi kings in talks as they battle IS

    Jordan's King Abdullah II met his Saudi counterpart in Riyadh Sunday for talks as both nations participate in a US-led bombing campaign against Islamic State group extremists in Syria.

  • Lima Climate Talks
    Saudi Arabia says zero carbon emission goal not realistic

    Setting a target of zero carbon emissions by 2050 is not “realistic,” Saudi Arabia’s chief negotiator at U.N. talks for a new, world climate pact said in Lima. “The zero-emissions concept — or let’s knock fossils fuels out of the picture without clear technology diffusion and solid international cooperation programs — does not help the process,” the Kingdom’s envoy, Khalid Abuleif, told journalists on the sidelines of the talks.

  • Commercial Regulations
    Standing at 30% of GDP: Saudi Shoura takes on fight against ‘shadow’ economy

    The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis. The law is significant as the country’s shadow economy is estimated at nearly SR250 billion (66 billion USD) annually.

  • Oil
    Saudi seen keeping January oil supply to Asia steady

    Saudi Arabia, the world’s top crude exporter, will keep supplies at full contracted volumes for Asian term buyers in January, industry sources said yesterday, the latest sign the kingdom is holding firm against falling prices caused by oversupply.

  • E-Services
    Saudi Arabia: More e-services for drivers and insurers launched

    The new e-services are in additon to Saher, which is a traffic management system launched in 2010 with the aim of reducing traffic accidents. The system links hundreds of fixed and mobile cameras and radars situated on key intersections and main highways across Saudi Arabia’s main cities to a central database. If anyone speeds, jumps a red light or breaks the country’s traffic laws, Saher photographs the offender’s licence plate, uploads the picture to the country’s central vehicle registration database, and immediately issues a fine to the vehicle’s owner.

  • Energy Services
    Saudi Aramco vet joins Halliburton board

    Halliburton has added 30-year Saudi Aramco veteran, Abdulaziz F. Al Khayyal to its board of directors, the company officially announced just weeks after its multi-billion dollar merger with rival Baker Hughes.

  • Minerals
    Second Exploration License Awarded in Saudi Arabia

    On 5 December 2014, KEFI received confirmation that the 95km2 Hawiah Exploration Licence ("Hawiah EL") had been granted to KEFI's partner, Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"), on behalf of the KEFI-operated Gold and Minerals Joint Venture Company ("G&M"). Exploration work has now commenced and initial focus will be on a large Volcanogenic Hosted Massive Sulphide ("VHMS") target. VHMS deposits are closely associated with submarine volcanic rocks and are major sources of Gold, Copper, Zinc, Lead and Silver. Testing will begin on a 4km-long gold mineralised gossan (surface-exposed iron-rich oxidized portion of the VHMS mineralisation).

  • Global Oil Markets
    Oil Producers: Saudi Arabia Knows Exactly What Must Be Done

    By keeping its current levels of production, Saudi Arabia is also telling the world that the responsibility of putting brakes on sliding oil prices must be shared by both, the U.S. and Saudi Arabia. This is in contrast of the long-established, and perhaps obsolete, view that only Saudi Arabia, or the larger OPEC for that matter, is in a position to command meaningful influence on crude prices.