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OPEC sees oil price fall curbing US shale oil industry
Speaking from the London Oil&Money conference OPEC Secretary General Abdalla Salem el-Badri signalled the cartel does not have the intention of cutting its output anytime soon. OPEC also seems to expect that the decline in prices will force the US shale oil industry to reduce its pace of investments and output, which will eventually lead to a more balanced market. "I don't think 2015 will be far away from 2014 in terms of production," el-Badri remarked.
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U.S. says working with Iraqi Kurdistan to stop Islamic State oil smuggling
The United States is working closely with the Iraqi Kurdistan Regional Government to clamp down on oil smuggling in a bid to cut off a key source of funding for Islamic State, a senior U.S. official said on Thursday. Islamic State militants have seized oilfields and refineries in north Iraq and have been exporting oil through smuggling networks to help finance their campaign, along with ransom, extortion and other criminal activities.
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Saudi capital’s $22.5 billion metro a ‘race against time’
Abdullah Allohaidan told AFP in an interview that the rail and bus development - whose construction is changing the face of Riyadh - is the largest such project under way in the Middle East "and I think in the whole world." Construction began a year ago but has accelerated in the last few weeks, with road closures, digging equipment and hard-hatted workers taking over the city's business core, to the frustration of drivers facing detours and lane-closures. "I think the biggest challenge we are facing is the duration of the project," said Allohaidan, assistant to the metro director. Plans call for construction to be completed by the end of 2018.
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For Turkey and U.S., at odds over Syria, a 60-year alliance shows signs of crumbling
The increasingly hostile divergence of views between Turkey and the United States over Syria is testing the durability of their 60-year alliance, to the point where some are starting to question whether the two countries still can be considered allies at all. Turkey’s refusal to allow the United States to use its bases to launch attacks against the Islamic State, quarrels over how to manage the battle raging in the Syrian border town of Kobane and the harsh tone of the anti-American rhetoric used by top Turkish officials to denounce U.S. policy have served to illuminate the vast gulf that divides the two nations as they scramble to address the menace posed by the extremists.
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Continuing the Conversation About Breast Cancer Within Saudi Arabia
As we look to the future, we are establishing 2015 as a watershed year in our efforts to raise awareness of breast cancer within Saudi Arabia. The cornerstone will be 10KSA, our campaign to raise domestic awareness and international support for our breast cancer efforts. 10KSA stands for 10,000 in Saudi Arabia and will have two main components.
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Tunisia, after igniting Arab Spring, sends the most fighters to Islamic State in Syria
Tunisia, a small North African country of 11 million people, has become the largest source of foreign fighters joining the Islamic State and other extremist groups in Syria and Iraq, according to estimates by the Tunisian government and private analysts.
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Bahrain court bans opposition group for three months
A court in Bahrain has suspended leading Shia opposition group al-Wefaq a month before parliamentary elections are due, their defence lawyer says. Abdullah al-Shamlawi told the Associated Press al-Wefaq's activities will be frozen for three months. The group had planned to boycott the elections, claiming the government did not try to reconcile with them following their anti-monarchy protests.
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Queen Elizabeth knights ALJ chief
Saudi businessman Mohammed Abdul Latif Jameel has been awarded an honorary knighthood by Queen Elizabeth for his philanthropic activities and developing arts and culture in the United Kingdom, the British Embassy in Riyadh announced Monday.
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Saudi Arabia approves 17 new sports clubs
The 17 new clubs bring the total number in the country to 170.
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Opinion: Turkey: No Longer a “Rock Star” on Arab Street
Erdogan's Turkey is no longer an attraction for the Muslim Street. Instead, it is, overtly or covertly, on hostile terms with Syria, Egypt, Saudi Arabia, Jordan, the United Arab Emirates and Iran -- all at the same time. Ironically, after the 2010 Mavi Marmara incident, in which a Turkish flotilla tried to break an Israeli naval blockade aimed at preventing weapons from reaching the Gaza Strip, Erdogan and his then Foreign Minister (now Prime Minister), Ahmet Davutoglu, vowed to "isolate Israel." Instead, it is Turkey that has been badly isolated, with the help of its one-time Arab brothers who had rushed to one city square after another, waving Turkish flags, to attend Erdogan's public rallies in Arab capitals.
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