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A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.
President Barack Obama says he will not meet with Israeli Prime Minister Benjamin Netanyahu in March because his trip to Washington comes too close to Israel's upcoming elections.
Some of the men were shot on their doorsteps, their bodies left crumpled in the streets. Others were lined up, led to a field and killed there. Their relatives, ordered to stay in their homes, heard the gunfire.
Some factors are structural. Tunisia is a relatively small country without major geographical boundaries, meaning the entire country can be governed fairly easily from the capital. It’s also, as Brown puts it, “ethnically, religiously and linguistically unified.” So it was always less likely to see the sectarian divides and competing power centers that have plagued Yemen and Libya.
U.S. oil production "reflects more than just the rig count," as EIA emphasised in a research note published on Monday analysing the combined effect of all the factors known to affect output. The note is essential reading for anyone trying to understand the likely production trend in 2015.
Saudi-Yemeni relations have been strained more often than not. Because the two share a border, the Saudis have intervened whenever Yemen’s volatile mix of political, tribal, and sectarian tensions and perennially stagnating economy threaten to throw the country into endless violence and chaos. Yemen regards Saudi Arabia’s heavy involvement in its domestic affairs as an attempt to exacerbate existing problems and keep the country weak. In return, the Saudis argue that they are only trying to ensure that Yemen’s crises stay within the country’s own borders.
At least 26 people, mostly soldiers, have been killed in a series of attacks by Islamist militants in the north of Egypt's Sinai peninsula.
In a society where women are still economically marginalized and absent from the labor market, technology entrepreneurship is emerging as a solution that saves them from overlapping responsibilities that hinder their productivity as effective actors in society. Moms busy taking care of their homes and kids are now able to run a whole business online from the comfort of their home. However, despite all these facilities, entrepreneurship still lacks an effective feminine presence. According to a study carried out by Global Entrepreneurship Monitor (GEM), most markets are still masculine.
The families of a Japanese journalist and a Jordanian pilot continue to await word on their fate as yet another deadline for a possible prisoner swap passed with no further word from the Islamic State group holding the men hostage.
