OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say, but compliance of 80 percent would be good and as low as 50 percent acceptable. The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million barrels per day to 32.50 million bpd from […]
ANKARA: Turkey’s threat to close its strategic southern Incirlik Air Base to US-led international coalition flights seem to have paid off, according to analysts.The US recently announced its decision to provide regular aerial intelligence to support Turkey in its military operation against Daesh around the Syrian town of Al-Bab.Incirlik does not belong to NATO, but is a Turkish base that remains open to the operations of NATO […]
Oil continued its see-saw start to the new year, registering its biggest advance in six weeks on Thursday after Opec’s biggest producer said that it had slashed output to the lowest level in almost two years. Brent, the global oil market, rose as much as $1.24 to $56.43 a barrel after Saudi Arabia’s energy minister Khalid al-Falih said that the kingdom had cut production to less than […]
The new Online Application Platform sees that the visa is processes within 3 Business Days 12 January 2017 Brits, Indians, citizens and expatriates of the Gulf Cooperation Council (GCC) and 81 other nationalities will now be able to apply for Azerbaijan visa online in a safe and stress-free and way following the introduction of a hustle free online visa application technology by the Ministry of Culture and […]
Saudi Arabia, 12 Jan, 2017 One of Saudi’s leading travel agencies, Mosaid Travel and Tourism Services, has renewed its ten-year exclusive relationship with global travel technology provider, Sabre Corporation (NASDAQ: SABR), to support its vision to expand regionally, provide more personalised travel experiences and improve customer satisfaction. “The travel industry is fast-evolving with new trends and rapidly-changing traveller expectations,” said Nadir Kazalbash, General Manager, Mosaid Travel and […]
Saudi Arabia has introduced new measures to grant business visa for foreign investors within 24 hours. An official with Saudi Arabia’s foreign ministry confirmed to Arab News that the new mechanism for businesspeople and business delegations came into effect from January 1. The new rule will allow allowing foreign investors to obtain business visas electronically within a day. The official said the kingdom is also introducing a […]
JEDDAH/KANDAHAR: The killing of five diplomats from the UAE in a bombing in southern Afghanistan marks the deadliest attack ever for the young nation’s diplomatic corps, though it’s too soon to tell who was behind it or if the Gulf envoys were even the targets.The UAE said it would fly the nation’s flag at half-staff for three days in honor of the dead from the attack Tuesday […]
By Patricia Zengerle and Yeganeh Torbati | WASHINGTON WASHINGTON Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump’s positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil (XOM.N) said he favoured maintaining U.S. sanctions against Russia for […]
By Emily Chow | SUNGKAI, Malaysia SUNGKAI, Malaysia The Malaysian plantation district of Sungkai has become an initial – and unlikely – battleground for an election that embattled Prime Minister Najib Razak is expected to call this year. Sungkai is home to ethnic Malays who work for the national palm plantation operator, Federal Land Development Authority (Felda). Known as “Felda settlers”, they have long been among the […]
11 January 2017 A new report from the Arab Advisors Group analyzes the cellular tariffs for 42 cellular operators in 16 Arab countries. The analysis revealed that the average prepaid package rate was US$ 70.82, while the average postpaid package rate was US$ 47.77. Lebanon had the highest prepaid and postpaid average package rates, while Sudan and Morocco had the lowest postpaid average package rates. The analysis […]
Lebanon’s President Michel Aoun said his country’s ties with Saudi Arabia were recovering, after tensions linked to the regional rivalry between Saudi Arabia and Iran led Riyadh to cancel $3 billion of military aid to Beirut last year. Aoun, an ally of the Iranian-backed Lebanese Shi’ite group Hezbollah, visited Saudi Arabia this week, trying to mend relations with the Sunni Muslim monarchy which has traditionally backed Hezbollah’s […]
Airbus posted an eight percent rise in deliveries last year, beating its own forecasts by a comfortable margin to set a company record, and pulled off a last-minute surge in orders to beat arch-rival Boeing in the race for new orders. Confirming an estimate published by Reuters, the European planemaker said on Wednesday it delivered 688 aircraft in 2016, compared with an official company forecast of more […]
In order to survive, the Syrian regime has had to rely to an extraordinary degree on Russian and Iranian forces, and their proxies, like Hezbollah. It really wasn’t the Syrian Arab Army that retook Aleppo. Indeed, the Syrian military is stretched so thin by geography and attrition that last month it lost most of the city of Palmyra (again) to the Islamic State while pro-government forces were […]
Saudi Arabia plans to follow its record breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdom’s budget deficit and invest in economic diversification away from oil and is likely to appeal to regional investors in the Gulf. Last year, […]
Jan. 10, 2017 DUBAI, United Arab Emirates– (BUSINESS WIRE/ME NewsWire) GMO GlobalSign K.K., a leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, today announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly […]
Economic growth will slow in Bahrain throughout 2017 and the government will continue to post large deficits as social instability limits opportunities for effective spending cuts, according to new research. In two separate reports this week, BMI Research warns that domestic instability in Bahrain will cause revenues to remain low by historical standards, even as oil prices start to recover. BMI forecasts Bahrain’s budget deficit to come […]
Prince Alwaleed: “This transaction marks yet another success for Kingdom’s value realization strategy” 10 January 2017 Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announces that it has successfully sold its 100% interest in the Mövenpick Hotel Ambassador Accra to QG Africa Hotel LP, a Mauritius-based fund managed by Quantum Global Investments Africa Management Ltd. for a consideration of $100M. The […]
Submitted by Soeren Kern via The Gatestone Institute, Sharia courts administering Islamic justice in Britain are run by clerics who believe some offenders should have their hands chopped off, according to Muslim scholar Elham Manea. She described the prevailing attitude as “totalitarian” and as more backward than some parts of Pakistan. Teaching children fundamental British values is an act of “cultural supremacism,” according to the National Union […]
Pakistan’s recently retired army chief Raheel Sharif has been appointed to lead a new Saudi-military alliance to fight terrorism, Pakistani media have reported. Government officials in Saudi Arabia could not be reached on Sunday to confirm the appointment to head the coalition, the founding of which Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman announced at a sudden midnight press conference in December 2015. Pakistani Defence Minister […]
Abu Dhabi // Rulers and officials of the GCC on Monday sent messages of condolence to the Iranian president and the family of Akbar Hashemi Rafsanjani, the senior revolutionary figure and pragmatist who had developed good relations with member states and presided over a thaw in Tehran’s relations with Riyadh during his tenure as president. Rafsanjani died on Sunday at the age of 82 after suffering a […]
DUBAI An Iranian official confirmed on Monday that Saudi Arabia had invited Tehran to discuss arrangements for the annual Muslim haj, which Iran boycotted last year after hundreds died in a crush at the 2015 pilgrimage. Most were Iranians, and the incident infuriated Tehran. Soon after, ties between the two regional rivals worsened further when Saudi Arabia executed a Shi’ite cleric, angry Iranians stormed the Saudi embassy […]
|By Arabian Post Staff| Saudi Arabia is working with PricewaterhouseCoopers on plans to cancel about $20 billion of projects as the kingdom seeks to shore up its finances, Bloomberg reported quoting sources. The Ministry of Economy and Planning hired the consultancy firm to review $69 billion of government contracts with a view to cutting about a third of them, it quoted sources as saying. Projects under review […]
No one can ever confidently predict what will happen in the following 12 months, but forecasting 2017 is particularly difficult. The surprises of 2016 (Brexit and the election of Donald Trump are at the top of the list but there were others, including the sacking of the entire Kuwaiti parliament, Saudi Arabia’s backflip on its oil production policy and the sudden demonetisation in India) demonstrate that we […]
A high-profile forum co-hosted by the six-nation Gulf Cooperation Council (GCC) and European Union (EU) is to take place in Riyadh on Monday. In information carried on its website, the EU said that several GCC and EU officials would participate in the meeting aimed at expanding cooperation and encouraging bilateral investment. European Transport Commissioner Violeta Bulc is to lead the EU representation in the GCC along with […]
