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  • Saudi Charities
    Saudi Shoura okays draft law to regulate fund-raising

    According to the law, only licensed agencies can collect donations. They will have to issue statement about their revenues and expenditure as well as about the volume of their collections in cash and kind. The law also contains rules and regulations with regard to launching a charity campaign.

  • Global Oil Markets
    OPEC Splits on Response to Falling Oil Prices

    A split in response to falling oil prices emerged among members of the Organization of the Petroleum Exporting Countries after Saudi Arabia cut its oil production sharply last month while other leading members raised their output. Saudi Arabia, the cartel's kingpin, said Wednesday it had cut its crude production by about 400,000 barrels a day in August. An industry official said the drop was tied to lower exports to the kingdom's core Asian markets.

  • Libya
    Islamists in Libya’s Benghazi probably kidnapped 25 missing soldiers

    Islamists militants in Libya have probably kidnapped up to 25 soldiers who are missing in the eastern city of Benghazi and killed five others, an army commander said on Wednesday, as the two sides battled over control of the airport.

  • Unrest in Yemen
    Saudi Arabia evacuates students from restive Yemen

    The Saudi Higher Education Ministry has issued instructions to evacuate 60 Saudi students who are studying at the University of Science and Technology (UST) in Sanaa due to the country’s volatile security situation, reports said on Tuesday.

  • OPEC
    OPEC Says World Will Need Less of Its Oil Next Year

    OPEC said demand for its crude oil will be lower than expected next year, with a surge in U.S. output potentially bringing its production to levels not seen since the past decade. In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had lowered the estimate of demand for its crude by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 barrels a day less of OPEC crude next year, it said.

  • Saudi Stock Market
    Saudi Arabia outlines plans for a more open market

    The CMA’s decision to set firm boundaries on ownership levels within individual companies and on the exchange as a whole will also reassure the owners and managers of local firms who had expressed concerns over being swamped by a tide of overseas capital.

  • Oil
    Why Now is the Worst time for Saudi Arabia’s Giant New Oil Refinery to Come Online

    Yanbu is coming online at a time when crude demand growth in Asia is disappointing, the region's refiners are struggling to make decent profits, crude prices have gone into contango and Middle East producers are cutting official selling prices (OSPs).

  • 9/11 Commission and Saudi Arabia
    A Void in the History of September 11th

    The effort to declassify the document comes at a time when a lawsuit, brought ten years ago on behalf of the victims of the attacks and their families, along with the insurers who paid out claims, is advancing through the American court system. The suit targets Saudi charities, banks, and individuals. In 2005, the government of Saudi Arabia was dismissed from the suit on the ground of sovereign immunity, but in July the U.S. Supreme Court reinstated the Kingdom as a defendant.

  • Israeli War Spending
    Israel To Trim 2014 Budget To Cover War Cost, Boost MoD

    The Israeli government is planning an immediate 2 percent retroactive cut to its 2014 budget to help cover the estimated US $2.5 billion cost of a summer of war.

  • Higher Education
    High university fees drive expats away

    Private universities present an alternative to students who cannot attend government universities, but many students think that private universities only aim to make profit, paying little attention to academic standards. Because of this, children of most expatriates return home to get their degrees. According to one academic, only 30 percent of expat students study at local private universities. Still, there remain several private universities that have a strong reputation for academic excellence, say educationists.