MUST-READS

• Saudi Prince Accuses Palestinian Leaders of Failing Palestinians

  In a surprising televised monologue, a senior member of the Saudi royal family and former ambassador to Washington accused Palestinian leaders of betraying their people, signaling an erosion of Saudi support for an issue long considered sacrosanct. “The Palestinian cause is a just cause but its advocates are failures, and the Israeli cause is unjust but its advocates have proven to be successful,” the royal, Prince Bandar bin Sultan bin Abdulaziz, said in the first episode of a three-part program, which aired Monday on the Saudi-controlled Al Arabiya satellite channel. “That sums up the events of the last 70 or 75 years,” the prince said.

• Saudis Raise Oil Prices for Asia in Sign of Market Strength

  The increase in November pricing marks a change for the world’s biggest exporter, which pared prices in September and October as crude demand stagnated. It suggests the Saudis are confident that OPEC+ supply cuts will buoy the market even as the pandemic continues to crimp demand.

• Saudi Arabia’s BinDawood Holding prices IPO at 96 riyals a share

  Saudi Arabian supermarket retailer BinDawood Holding has priced its initial public offering at 96 riyals ($25.59) a share, the company said on Wednesday. The retailer, which owns the Danube and BinDawood supermarket brands, said the book-building process generated an order book of 106.9 billion riyals ($28.50 billion).

• Saudi cruise displays pristine sites, economic ambitions

  In August, the cruise liner Silver Spirit began offering tours along the unspoilt coastline which the petro-state aspires to turn into a global tourism and investment hotspot as part of a plan to reduce reliance on oil revenue. Chartered by a company owned by the Saudi Public Investment Fund, the luxury ship offers a window into multi-billion-dollar "giga projects" that the kingdom is forging ahead with despite a sharp economic downturn.

• Saudi PIF in talks to buy stake in UAE supermarket chain Lulu – sources

  Lulu operates shopping centres, hypermarkets and other businesses with an annual turnover of $7.4 billion, according to its website. It has operations in Saudi Arabia and other Gulf states as well as in Egypt, India, Indonesia and Malaysia.

• ‘Mercenary’ hacker group runs rampant in Middle East, cybersecurity research shows

  Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by mobile firm BlackBerry Corp.

• Kuwait’s emir names security czar Sheikh Meshal as crown prince

  Kuwait’s new ruler on Wednesday named veteran security chief Sheikh Meshal al-Ahmad as crown prince, retaining power firmly within the ruling family’s oldest ranks and signalling the OPEC member state is unlikely to pursue disruptive change.

• Sole survivor? Saudi Aramco doubles down on oil to outlast rivals

  The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come.

• China’s Building Mega Refineries Just as Fuel Demand Stalls

  At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019. All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap consumption.

• Rock art site in Saudi region of Najran dates back to the second century BC

  The Hima Well site is considered one of the most eminent rock art and inscriptions sites north of Najran. It includes human and animal drawings as well as inscriptions in Thamudic as well as Kufic scripts.

• 10 of 60900 results<< 1 … 2,804 2,805 2,806 … 6,090 >>