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  • Government Spending
    Oil Price Slide May Curb Gulf States’ Spending Plans

    Government spending by the Middle East’s oil exporters jumped above $700 billion in 2011 and grew by about 15% annually until this year, when estimates show the rate of increase slowing, according to the Institute of International Finance “If revenues are not forthcoming, something has to give,” said John Sfakianakis, the Middle East regional director for Ashmore, a U.K.-based emerging-market asset manager. “Eventually some of these huge projects will have to slow down.”

  • Israel-Palestine
    Opinion: Why Jerusalem is so explosive

    Even back in the days when you could still use the term "peace process" with a straight face, the odds of solving the Jerusalem issue were already pretty long. Then, I would have put those odds a bit north of impossible and a little south of hopeless. Things are even worse now.

  • Drone Wars
    ISIS War Claims Heavy Toll On Drone, Intelligence Operators at Home

    Whether it’s providing intelligence to help the president of the United States decide on a long-term strategy or issuing real-time information to friendly forces in the middle of a firefight, Air Force operators supporting surveillance flights must work constantly to analyze and decipher agonizing amounts of data. In 2013 alone, the 480th’s 6,000 airmen processed 20 terabytes of data per day, found 50 improvised explosive devices and provided eyes from above during 300 firefights.

  • Global Oil Markets
    Russia to Cooperate With Saudi on Oil While Avoiding Output Cuts

    While the Russian government has discussed a cut, it has no current plans to reduce output to arrest the decline, according to Energy Minister Alexander Novak. It hasn’t made a final decision because the economy is heavily dependent on oil revenue, he said today in Moscow. “We expect annual oil production levels of 505 to 520 million now and in the future,” Novak said. Output of 505 million metric tons is equivalent to about 10.1 million barrels a day, while Saudi Arabia’s output last month was 9.75 million barrels a day last month, according to Bloomberg estimates. Oil and gas account for more than half of Russia’s budget revenue.

  • Petrochemicals
    Saudi Kayan Signs Two Islamic Financing Deals Totalling $700m

    Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp (SABIC), has signed two Islamic financing deals totalling SAR2.63 billion ($700 million), it said in a statement on Thursday. It signed a SAR1.5 billion agreement with National Commercial Bank, the Kingdom’s largest lender by assets, for up to 15 years, and a SAR1.13 billion facility with Samba Financial Group, another Saudi Arabian lender, for up to 10 years.

  • Women Driving
    New debate in Saudi over women’s right to drive

    The country has been witnessing tense debates, mainly on social media, over the merit of allowing women to drive, with each camp resorting to social, economic and religious arguments to reinforce their views. Al Ghaith’s tweet was the latest trigger to re-launch the debate.

  • Military
    US Navy ships collide in Gulf of Aden without injuries

    Two American naval supply ships collided in the Gulf of Aden, off Yemen, Thursday but there were no injuries, the US Navy said.

  • Qata-Egypt
    Why should Qatar reconcile with Egypt?

    Qatar’s backing of the Muslim Brotherhood also increases the perception among Egyptians that it is a foreign-backed organization, contributes to the intransigence of the Brotherhood leadership and delays essential political reconciliation.

  • Border Security
    Illegal crossings spike across Kingdom’s southern border

    While the majority of people caught are usually men who are seeking work in the Kingdom, an increasing number are women, children and the elderly trying to escape difficult living conditions back home. Smugglers do not care about their suffering and the risks of trying to cross international borders. Many are unable to survive the journey that cuts through rugged mountain terrain and treacherous valleys.

  • Women
    Male colleagues? 47% Saudi women have no problem

    About 47 percent of Saudi women say they have no problem in working with male colleagues, while 44 percent of Saudi men would not prevent their female relatives from working with male colleagues and customers, a recent survey conducted by Khadeeja bint Khuwailed Center has revealed.