Saudi Arabia maintained crude oil shipments to the United States in June near their highest level since 2008, data showed, despite a serious glitch that has crippled its newly expanded joint-venture refinery in Texas. In the four weeks to June 29, the United States imported an estimated 1.44 …
As Yemen’s military, backed by U.S. Special Forces and the CIA, drive al-Qaida forces out of their southern strongholds, Saudi Arabia’s intelligence agents, old hands at operating in Yemen, are playing a vital clandestine role….
July 2 was no ordinary day in the annals of the Saudi financial sector. The new mortgage law, in the making for years, had been awaited with growing impatience as affordable housing moved toward the top of the policy agenda. Following the approval by the Council of Ministers of July 2, the …
Saudi stock market hit a five-week high yesterday after the government approved a long-awaited mortgage law. The Tadawul All-Share Index (TASI) surged 143.23 points or 2.12 percent to 6,885.27, its highest finish since May 30. The index has gained 7.3 percent so far this year. Banks with large …
Walsh came away from New York believing a deal was possible – curbs on 20% enrichment in return for sanctions relief, and the right to enrich in return for transparency with the IAEA and strict monitoring. The tricky issue would be sequencing. The six powers want proof of Iranian good faith up …
Iran, faced with increasingly stringent economic sanctions imposed by the international community to force it to abandon any ambitions to develop nuclear weapons, has been reluctant to reduce its oil production, fearing that doing so could damage its wells. But Iran has insufficient space to …
Given the sophistication of some of the attacks being carried out by the Al Nusrah Front, an al Qaeda-linked group, Zebari’s statements appear to be valid. For instance, Al Nusrah’s description of the complex attack on the Syrian military at a camp in Idlib in June indicates that experienced …
Reports of the defection of a general and personal friend of Bashar al-Assad will cheer the Syrian leader’s enemies at a meeting in Paris on Friday of the Western and Arab states that want to drive him from power. A source in the exiled opposition said Manaf Tlas, a brigade commander in …
In 2011 in a number of oil-importing Arab countries, due in large part to radical changes in political structure that hindered forward-looking economic decisionmaking, economic activity slowed sharply—investment, consumption, and tourism were all affected—and unemployment rose. Across the …
Middle Eastern carriers led the industry in traffic growth as regional airlines recorded the strongest year-on-year rate of growth for any region in May, data from the International Air Transport Association, or IATA, revealed on Monday. It was the only region among all markets that recorded …
Afghan officials and their American backers made a small step this week toward securing the big-name Western foreign investment they have long sought for Afghanistan: Exxon Mobil is weighing a bid on a modest oil concession in the country’s north, Afghan officials and the company said …
The “Himaya” organization, which was established to protect abused women, recently held a course for 20 women on how to package gifts and accessories. The women who ranged from 20 to 45 years of age and came from different backgrounds underwent a four-day training course. Himaya, which …
When the “Arab Spring” protests started to threaten – and eventually topple – the leaders of Tunisia and Egypt, the sultan of Oman took note and defused his own potential bombshell with promises of jobs and reforms. It seems to have mostly worked: nearly a year after scattered strikes and …
On one level, the questions shaking the Israeli political system this week are pragmatic: how many ultra-Orthodox men and Arab citizens should be drafted into the military or national service, over how many years and how should those who resist be penalized? But the debate over these details …
If you were looking for a sign that the oil market has shrugged off the loss of Iranian supplies, look no further than the Saudi decision to raise prices for August cargoes to Asian refiners. While Saudi Aramco uses a formula to calculate changes in its official selling price (OSP), it’s also …
Electricity and Energy Minister Hassan Younis said on Wednesday 4/7/2012 Egypt-Saudi Arabia power linkage project has already started, adding technical and economic feasibility studies to exchange power energy of 3000 megawatt capacity were conducted. …
In an attempt to overcome financial problems facing new couples and to combat crippling price hikes, a Saudi wedding planner launched a project that allows youth to pay wedding costs in installments. Abeer Hussein, the manager of a wedding planning center, conducted a study that looks into …
The root of this problem lays in the fact that we have taken this natural God-given resource for granted. Instead of using oil to build our nation, we have made ourselves slave to it. According to some of the key insights showed in the report, Saudi Arabia’s annual energy consumption is growing …
Nearly three million Libyans have registered to vote in the country’s first multi-party election in 60 years, set for Saturday. They will choose among 1400 candidates for a 200-seat National Assembly that will form a temporary government and draft a constitution, leading to another election …
A lawsuit brought against Prince Waleed Bin Talal, the prominent Saudi investor, by a woman who claims she acted as a broker to help him sell an aircraft for $120m to Colonel Muammer Gaddafi, the former Libyan leader, is set to come to trial in London following a High Court ruling. Daad …
Custodian of the Two Holy Mosques King Abdullah has renamed the Qassim Regional Airport in Buraidah as the Prince Naif bin Abdul Aziz Airport. “The king’s order perpetuates the memory of Prince Naif who dedicated his life to his religion, king and nation,” said Qassim Gov. Prince Faisal bin …
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