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Non-oil ExportsSaudi nonoil exports hit $47 billion in last 10 months
Saudi nonoil exports rose by 7.5 percent to SR177.2 billion in the past 10 months of the current year compared to SR164.7 billion in the same period last year, according to a financial report.
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US-SaudiWhy the Pentagon Is Honoring the Late Saudi King
On Monday, the top U.S. military leader, Army General Martin Dempsey, announced the Pentagon would be conducting a “research and essay competition” to honor Saudi King Abdullah, who died Jan. 23 at 90, as “a man of remarkable character and courage.”
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King Abdullah 1924-2015Saudi King Abdullah dies, new ruler is Salman
"I think he will continue with Abdullah's reforms. He realises the importance of this. He's not conservative in person, but he values the opinion of the conservative constituency of the country," said Jamal Khashoggi, head of a news channel owned by a Saudi prince.
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U.S. - PalestineU.S. senator threatens aid cut to Palestinians over ICC move
The Palestinians could lose annual U.S. aid if they file a lawsuit against Israel at the International Criminal Court which they joined this month over American and Israeli protests, a senior U.S. Republican senator said on Monday.
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IranSagging Oil Prices and Iran
The imploding oil market comes at a time when Iran is already suffering serious economic challenges due to mismanagement, corruption and international sanctions. Inflation remains high even though it has halved to less than 20 percent over the last year.
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PressIran summons newspaper over Saudi king death headline
Vatan-e-Emrooz, a conservative daily, has been summoned over a front page story on January 6 headlined with a Persian expression often interpreted as "may I hear the news of his death".
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IslamFrom Egypt’s leader, an ambitious call for reform in Islam
Egypt's president opened the new year with a dramatic call for a "revolution" in Islam to reform interpretations of the faith entrenched for hundreds of years, which he said have made the Muslim world a source of "destruction" and pitted it against the rest of the world.
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Construction FinanceSaudi developer raises $1bn loan to refinance Makkah project
Saudi Arabia's largest listed developer by market value said the new loan from National Commercial Bank, to fund the project's first phase, will be stretched over a period of 15 years, instead of the eight years of the previous facility. Several companies in the Gulf have come to the loan market in recent months to refinance existing loans at more favourable borrowing rates as cash-rich local banks compete for deals.
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OmanOman announces 2015 budget with 8 % deficit, slant on infrastructure, privatization
The Omani Ministry of Finance said in a statement that the general budget for the fiscal year 2015 is estimated as general expenditure at 14.1 billion Omani riyals (Dh 134.5 billion), an increase of 4.5 per cent from the expenditure estimations of last year’s estimates.
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Global Oil MarketsOpinion: Saudi Arabia’s Playing The Oil Market The Right Way For The Lowest Cost Producer
for what it is rational for the lowest cost producer to do is very different from what it is rational that higher cost producers do.
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