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Saudi Arabia’s ‘Third Rail’ No More? Kingdom Eyes Ambitious Energy Subsidies Cuts By November 2017, Report Says
Energy subsidies have long been a significant drag on the Saudi economy on numerous fronts, but as Vision 2030 reforms move ahead, Saudi Arabia is reportedly eyeing further cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. According to a Bloomberg report, the government will aim to phase out “subsidies for gasoline and jet […]
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‘Shale Oil 2.0’: Uptick in Oil Prices Entices Shale Producers, but ‘Bumps in the Road’ Persist — Jadwa Investment
The recently observed uptick in oil prices has given many US shale oil producers the opportunity to expand production, Riyadh-based Jadwa Investment said in a research note on shale production. “Latest forecasts from the Energy Information Administration (EIA) see US oil production rising by 10 percent year-on-year in 2017, and 3.3 percent in 2018. Alongside the […]
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Saudi Arabia Secures Spot in 2018 World Cup in Russia
Saudi Arabia has secured a trip to compete in the next World Cup in 2018 after defeating Japan 1-0 in their last AFC Round 3 Group B match on Tuesday. The World Cup in 2018 is being hosted by Russia, and matches will be played in cities across the country. According to FIFA, Saudi Arabia finished […]
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Dow Chemical to Buy 15% More of Sadara to Boost Stake to 50%
Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday according to reports. The U.S.-Saudi joint venture, named Sadara, aims to transform Saudi Arabia “from a consumer and importer to a global exporter,” according to Saudi Energy Minister Khalid al-Falih. U.S.-based Dow Chemical […]
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Rules Issued for Small-Scale Solar Generation in Saudi Arabia
Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]
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Saudi Ministry of Justice Approves New Protections for Women in Saudi Arabia
The Saudi Ministry of Justice issued four important decisions and proposals to limit the abuse of women, including raising the age that a woman is allowed to marry to 17 years old, according to a report in the Middle East Monitor that cited the Saudi daily Okaz. The Ministry proposed a rule that “permission to […]
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Saudi Arabia is the World’s Largest Arms Importer, Qatar Third – UK Study
Saudi Arabia is the largest arms importer in the world by total sales amount, with regional rival Qatar surging to third largest importer, according to a data released by the UK’s Ministry of Justice. The report sheds light on the flow of arms, weaponry and military equipment around the world. According to the data, which can be […]
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Recent Economic Data for July 2017 Points to Mixed Picture for Saudi Economy
Growth in Saudi Arabia’s non-oil private sector accelerated in July, albeit at a moderate pace, while the expansion in employment slowed, according to a Reuters report citing a Emirates NBD survey. “The seasonally-adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) rose to 55.7 last month from 54.3 in June. A level above 50 means business is […]
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Demands from Qatar Modified to ‘Six Broad Principles’
Saudi Arabia and 3 Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month, according to reports. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt told reporters at the United Nations they now wanted it to accept “six broad principles.” […]
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Step Forward for Women in Saudi Arabia as Physical Education Classes for Girls OKed
Saudi public schools will begin offering physical education for girls in the coming academic year, the education ministry announced on Tuesday, in another step forward for women and girls in the Kingdom. The long-awaited reform was announced by Education Minister Ahmed al-Issa on Tuesday. The announcement said that P.E. for girls would start with the […]
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MUST-READS
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Can Saudi Arabia produce ballistic missiles? Satellite imagery raises questions
The kingdom faces an Israel armed with an advanced nuclear and missile program and an Iran that has continued to perfect its own abilities to make ballistic missiles.
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UAE gives $3 billion to Pakistan; will it lift the rupee?
The new funds flow from the UAE will ease pressure on Pakistan's currency which plunged over 26 per cent in 2018. Analysts said the new fund from the UAE will arrest rupee's slide and help it stabilise at current levels in the near future. The rupee was trading at 38 against dirham on Tuesday.
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Analysis: Is Saudi Arabia’s labor market a Veblen good?
Over a year and a half has passed since the Saudi government began imposing a fee of $26 per month on foreign dependents regardless of their age.
- Analysis: Time for a Saudi-Houthi Back Channel?
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Did Iran plot four attacks in Europe? The Dutch government thinks so.
The European Union imposed sanctions on Iran’s intelligence ministry and two Iranian nationals on Tuesday as the Dutch government accused Iran of likely involvement in two assassination plots in the Netherlands.
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What Slump? Dubai Finance Hub Plans Canary Wharf-Sized Expansion
Dubai plans to triple the size of its financial district, adding an area almost the size of London’s Canary Wharf, even as the emirate faces slower growth and rising competition from neighboring banking hubs.
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Will Syria Return to Arab League? Middle East Nations Show Support as Donald Trump Set to Pull U.S. Troops Out
Shortly after the outbreak of a 2011 rebel and jihadi uprising, Syria was expelled from the 22-member gathering of majority-Arab nations known as the Arab League after the government of Syrian President Bashar al-Assad was accused of war crimes in his crackdown on dissent.
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Why are Iranians crossing the Channel in dinghies?
Since 3 November, 101 migrants - including four children - have attempted the 21-mile journey across the Channel, one which police have likened to "trying to cross the M25 at rush-hour on foot".
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Why Are Filipinos in the Middle East Sending Less Money Back Home?
Remittances from Kuwait fell by 20.4 percent despite the resumption of OFW deployment last May. Bahrain showed negative 22.9 percent, transfers from Oman dropped by 38.3 percent and Saudi Arabia showed a slide of 10.4 percent.
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Saudi Arabia wants millions to visit a marvel in the desert – Oasis or mirage?
In the first century ad the merchants of Mada’in Saleh decorated their mausoleums with carvings of lions, gazelles, rabbits, mountain goats, leopards, hyenas, hyraxes, foxes—even a hedgehog. And they ordered thousands of elaborate stone inscriptions, which show how the written language of the area evolved from Phoenician to Arabic.
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