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By Prabhat Patnaik What is called OPEC+ that is the13 members of the Organisation of Petroleum Exporting Countries (OPEC) together with 11 other petroleum exporting countries led by Russia, decided on October 5 to cut their oil production by 2 million barrels per day, starting from November. The US had been pressing OPEC not to […]

The post OPEC’s Decision To Cut Oil Output Is A Challenge To U.S. Hegemony first appeared on IPA Newspack.

By James M Dorsey Nahdlatul Ulama, arguably the world’s only Muslim mass movement propagating a genuinely moderate and pluralistic form of Islam, has forged an unlikely, albeit temporary, alliance with the Saudi-controlled Muslim World League. The League is Saudi Crown Prince Mohammed bin Salman’s chief propagator of a socially less restrictive but autocratic interpretation of […]

The post Indonesian Muslims Gamble On Problematic Ties With Saudi Order first appeared on IPA Newspack.

By Branko Marcetic If you’re going to undermine your own public rhetoric and supposed values by cozying up to a brutal autocrat, you might as well get something out of it. While maybe an obvious point to the rest of us, it’s apparently something US officials are just now belatedly realizing about the US-Saudi relationship. […]

The post The Worsening US-Saudi Split Could End The Brutal War In Yemen first appeared on IPA Newspack.

Saudi Arabia’s Permanent Representative to the UN Abdulmohsen Majed bin Khothaila met Minister of Interior of the Republic of Gambia Seyaka Sonko at the mission’s headquarters on Friday in Geneva.

RIYADH: More than 200 students and 90 trainers participated in the World Robot Olympiad final qualifiers for 2022, the Saudi Press Agency reported on Thursday. The three-day final qualifiers was

RIYADH: Saudi artist Basma Al-Nahdi picks up her brush dipped in vibrant colors to paint abstract shapes and designs on rocks for her small business on Instagram. But, the 42-year-old is a unique

LONDON: China’s ByteDance Ltd. is in talks with music labels for expanding its music-streaming service globally to compete with industry leaders such as Spotify Technology SA, the Wall Street Journal
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RIYADH: Saudi Al Awali Real Estate Co. seeks to raise SR500 million ($133 million) by offering 20 percent of its shares on Nomu-Parallel Market, its CEO told Asharq Business. The Saudi real estate

DOHA: Qatar’s emir and Russian President Vladimir Putin discussed the Ukraine crisis and its impact on energy markets during a meeting on the sidelines of a summit in Kazakhstan on Thursday, the

NEW DELHI: Indian wildlife authorities on Thursday caught a tiger blamed for killing 13 people over 10 months, an official said. Named “Conflict Tiger,” or “CT-1,” the five-year-old male was

JEDDAH: Ahead of LIV Golf’s Middle East debut taking place Oct. 14 to 16 at Royal Greens Golf & Country Club in Jeddah, the tour has announced a presenting-partner agreement with Roshn, Saudi

MOSCOW: Russia on Tuesday added US tech giant Meta, the parent company of Instagram and Facebook, to a list of “terrorist and extremist” organizations, according to a database of the Federal Service

RIYADH: Chemical companies in the Gulf Cooperation Council, particularly Saudi Arabia, are outperforming their European rivals due to low prices for feedstock, long-term security of supply, and solid

RIYADH: The Egyptian Sovereign Fund and the Qatar Investment Authority are in an apparent stalemate over $5 billion worth of investment deals as the north African country awaits promised Qatari

TUNISI: Frustrated motorists queued in long lines outside Tunisian petrol stations on Tuesday even after the energy minister had said a shortage would end on Monday with a new delivery of fuel. Many

Nexusguard DDoS Statistical Report Reveals Key Attack Observations and Analysis from the First Half of 2022 SINGAPORE – Media OutReach – 11 October 2022 – In the first half of 2022, the amount of DDoS (distributed denial of service) attacks increased by 75.6% compared to the second half of 2021, according to new Nexusguard research revealed in the company’s DDoS Statistical Report for 1HY 2022. While the […]

RIYADH: Saudi National Gypsum Co. and El-Khayyat Gypsum are among the eight qualified bidders to compete for an exploration license for gypsum ore at Al-Qasab wells mining site. With an area of

Matein Khalid The 20 year highs in King Dollar and 18% rise in its trade weighted index in the past year has rewritten the rules of investing in the international financial markets. King Dollar has wrecked havoc with emerging market currencies and Third World sovereign bonds as any poor unlucky investor in Pakistan, Turkey, Lebanon, Sri Lanka and Egypt government bonds will attest. The World Bank estimates […]

By James M Dorsey Proponents of a moderate Islam that embraces tolerance, diversity, and pluralism may be betting on the wrong horse by supporting Muslim scholars on autocrats’ payroll. Polling in the Middle East seems to confirm that state-sponsored clerics lack credibility. Recent research suggesting that non-violent protest has increasingly become less effective magnifies problems […]

The post Betting On The Wrong Horse: Battle To Define Moderate Islam first appeared on IPA Newspack.

DUBAI: Adel Al-Jubeir, Saudi Arabia’s Minister of State for Foreign Affairs, has hit back against allegations the Kingdom was responsible for higher US gas prices, and instead said that America’s

TOKYO: Dolce More took his second straight victory in the 8th Saudi Arabia Royal Cup at Tokyo Racecourse on Saturday. The 2-year-old was ridden by Kazuo Yokohama and trained by Naosuke Sugai. The G3

By K Raveendran As the global oil markets digest the news about OPEC+ announcement of a 2 million barrels per day of crude output cut, more details emerging from market analysts should calm Indian nerves a bit as the impact may not be as severe as feared. The Brent price had touched $94 straightaway from […]

The post Sigh Of Relief As OPEC-Plus Cut Unlikely To Reach Declared Levels first appeared on IPA Newspack.

Arabian Post Staff Individuals in the MENA region received $566 billion in cryptocurrency from July 2021 to June 2022, representing a 48% increase over the previous year, according to the 2022 Geography of Cryptocurrency report from blockchain data platform Chainalysis. While the previous edition of the report found that the MENA accounted for 7% of global cryptocurrency transactions, this year, the figure has risen to 9.2%, making […]

RIYADH: Digital payment penetration is continuing its high growth in Saudi Arabia, as a report reveals more than one in ten Saudis spend money online at least once a day via e-commerce platforms.
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