Saudi Aramco’s profit fell 25 per cent in the first quarter of the year as a result of a drop in oil prices and a plunge in global demand as a result of the outbreak [ More … ]
Saudi Arabia’s spending cuts come amid a plunge in oil prices, hurting the government’s finances. Saudi Arabia will triple its value added tax rate and suspend a cost-of-living allowance for state employees, the kingdom’s finance [ More … ]
The US is removing four Patriot missile batteries and dozens of troops deployed to Saudi Arabia amid heightened tensions with Iran, according to a report published Thursday, Anadolu Agency reported. The military assets were sent [ More … ]
Iraq’s new Prime Minister Mustafa al-Kadhimi took office after the country’s parliament approved a new government on Wednesday following nearly six months of political wrangling. Al-Kadhimi is viewed as pragmatic as well as having good relations with main [ More … ]
Saudi Arabia will take strict and painful measures to deal with the economic impact of the coronavirus pandemic, the finance minister said on Saturday, adding that “all options for dealing with the crisis are open”, [ More … ]
Turkey has vowed to “defend” Libya’s UN-recognized government after eastern-based renegade military commander Khalifa Haftar declared himself ruler of the North African country. At the same, time, senior UAE officials visited Sudan to rally support [ More … ]
A leading Saudi human rights defender, Abdullah al-Hamid, has died after suffering a stroke earlier this month, Human Rights Watch reported. Saudi human rights activists say that imprisoned Abdullah al-Hamid, 69, did not receive adequate [ More … ]
Saudi finance minister says kingdom will also draw down up to $32bn from its reserves to finance deficit caused by twin crises Kingdom of Saudi Arabia (KSA) could be forced to borrow around $26bn more [ More … ]
US President’s warning comes hours after Iran said it had launched its first military satellite into orbit US President Donald Trump has instructed American naval forces to fire on any Iranian ships that “harass” its [ More … ]
Coronavirus lockdowns have destroyed demand for oil but countries continue to produce, overwhelming storage facilities. A key American oil benchmark, West Texas Intermediate, fell by more than 80% on Monday as global oil markets continue [ More … ]
UAE-aligned separatists in southern Yemen have warned of an “imminent war” against Saudi-supported mercenaries, fighting on behalf of the UN-recognised Yemeni government, based in Riyadh. The UAE and Saudi are joint-leaders of the US-backed coalition [ More … ]
A Saudi citizen Abdul Rahim al-Hwaiti was allegedly shot dead after he refused to give up his property for a Red Sea mega-project. A Saudi citizen who refused government orders to give up his home [ More … ]
The incident in the Gulf comes amid escalating tensions between the United States and Tehran. Eleven vessels from Iran’s Islamic Revolutionary Guard Corps Navy came close to United States Navy and Coast Guard ships in the Gulf, [ More … ]
The European Union is ready to impose stricter sanctions on high-level Syrian regime officials and scientists who were involved in using chemical weapons against civilians, the EU’s foreign policy chief said on Thursday, Anadolu Agency [ More … ]
More than six weeks after Saudi Arabia reported its first case, the COVID-19 is striking terror into the heart of the kingdom’s sprawling ruling family. According to The NYT, As many as 150 royals inside [ More … ]
Copyright © 2016 | Middle East Observer