logo

News related to
Saudi

Amnesty International issued a scathing report Tuesday on the Yemen conflict, accusing all armed antagonists there of complicity in war crimes, including indiscriminate attacks on civilians. The report, “Nowhere Safe for Civilians,” called on the United Nations to establish a panel of inquiry to “independently and impartially investigate alleged war crimes committed during the conflict.” Donatella Rovera, a senior researcher for Amnesty who has worked in many […]

INTERNATIONAL. In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year […]

BENGHAZI, Libya — Libya’s internationally recognized government has asked fellow Arab states to conduct airstrikes against the Libyan branch of the Islamic State in the coastal city of Surt, a cabinet statement said on Saturday. In the past few days, the Islamic State has crushed a revolt by a rival Salafist group and armed residents who tried to break its grip on the city. Dozens of people […]

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high since last year in order to drive other players (especially U.S. shale drillers) out […]

INTERNATIONAL. The word tragic has often been used to describe the civil war in Syria, but it is a pale description of the raging madness on the ground. The bloodletting and massive destruction that has swept the nation is not a mere tragic event; the magnitude of the destruction and loss of lives is catastrophic by any measure unseen since the horror of World War II. The […]

SANA, Yemen — After five months of war in which more than 4,000 people have been killed, Yemen’s government, exiled in Saudi Arabia, faces a fateful decision: leverage recent battlefield gains to negotiate a cease-fire with a weakened Houthi rebel movement, or try to rout the rebels once and for all. Backed by air support and ground troops from Persian Gulf nations, fighters allied with the government […]

QADIYA, Iraq — In the moments before he raped the 12-year-old girl, the Islamic State fighter took the time to explain that what he was about to do was not a sin. Because the preteen girl practiced a religion other than Islam, the Quran not only gave him the right to rape her — it condoned and encouraged it, he insisted. He bound her hands and gagged […]

Advertisements

WASHINGTON — The State Department said Wednesday that a recent visit to Moscow by the head of Iran’s paramilitary Quds force had violated a United Nations travel ban that has been imposed because of concerns about Tehran’s nuclear and ballistic missile programs. “We’ve raised this travel with senior Russian Foreign Ministry officials,” said Mark Toner, the deputy State Department spokesman. He added that Russia had not responded […]

UAE. After delivering strong results in 2014, Islamic banks in the Gulf region face a gradually weakening operating outlook in 2015-2016, largely due to declining oil revenues, says a report published today by Standard & Poor’s Ratings Services. But as the report, titled “Gulf-Based Islamic Banks Grapple With Weakening Regional Economies,” also points out, we believe investor demand for Sharia-compliant products and supportive government actions will enable […]

INTERNATIONAL.  Lifting sanctions related to Iran’s nuclear program will have a significant impact on the world oil market, the Iranian economy and Iran’s trading partners. Iran’s full return to the global market will eventually add about a million barrels of oil a day, lowering oil prices by US$10 per barrel next year, according to the World Bank, which also expects economic growth in the country to surge […]

UAE. H1 2015 saw 11 IPOs in the Middle East and North Africa (MENA) region, raising capital of over US$2.4b, according to EY’s MENA IPO Eye – H1 2015. Deal volume decreased by 31% and proceeds raised decreased by 1% in H1 2015, compared with H1 2014. Egypt and Saudi Arabia witnessed the highest number of IPOs with five and three IPOs respectively. Q2 2015 saw a significant […]

ABU DHABI // Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi, on Wednesday held talks with Yemen’s visiting leader on the future of his country and plans to help rebuild it. Yemeni president Abdrabu Mansur Hadi arrived on Wednesday for a two-day visit including talks with Sheikh Mohammed, also Deputy Supreme Commander of the Armed Forces. The two discussed progress made by the Saudi Arabia-led coalition, […]

UAE. July’s survey data signalled another increase in overall business activity across Dubai’s private sector economy, which marked five-and-a-half years of continuous expansion. However, growth momentum moderated to its weakest recorded since March 2012 amid softer contributions from all three key sub-sectors monitored by the survey. Private sector companies operating in Dubai are nonetheless still highly upbeat about their business activity prospects for the year ahead, according […]

The three Emirati soldiers who were killed in Yemen on Saturday will forever be remembered for their heroic actions, Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, said. “They have written glory and heroism with their blood for the sake of peace and backing trodden people,” said Sheikh Mohammed during visits to the soldier’s families. “Allah will bless our martyrs whose memories and sacrifices […]

|By TAP Staff|Saudi Arabia’s Al Khafra Holding Group has acquired a substantial equity position in Invescore Ltd, a financial advisory firm based in London. With the acquisition Sheikh Mubarak Al Khafrah becomes the new Chairman of Invescore. This transaction strategically increases Invescore investment banking and direct investment capabilities as well as strengthening its presence in the Kingdom of Saudi Arabia and the GCC region. The transaction was […]

The days of very easy money are drawing to a close in the rich Gulf Arab oil-exporting economies as money market rates start to rise, partly because of the damage which cheap oil is doing to government finances. Loose liquidity created by inflows of oil money pushed short-term rates in Saudi Arabia, the United Arab Emirates and neighbouring states to record lows last year, fuelling frenzied competition […]

SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today has released its second quarter (Q2 2015) Jeddah Real Estate Overview report that assess the latest trends in the office, residential, retail and hotel sectors. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “In the second quarter, the Jeddah real estate market remained in the upturn stage of its cycle. […]

UAE. July data suggested that the UAE’s non-oil private sector regained some of the growth momentum that was lost at the end of the second quarter. Output and new orders both rose at sharper rates, contributing to a robust overall improvement in business conditions. Job creation was also sustained at a solid pace. On the price front, data highlighted divergent trends in July. The rate of cost […]

SAUDI ARABIA. Saudi Arabia’s non-oil private sector began the third quarter of 2015 on a positive note, with business conditions improving at the fastest pace in three months during July. Stronger growth of the sector as a whole was mainly driven by sharper expansions in both output and new orders, while purchasing activity also rose more quickly. However, data for employment bucked the general trend, as the […]

RAS LAFFAN, Qatar — The temperature hovered around 100 degrees on the jetty here, where a set of pipes were connected to a giant red-hulled ship. But the moisture in the air froze on the pipes and flaked off, creating snowlike flurries on the early summer evening. The incongruous sight is common on the Qatari ship, the Al Rekayyat, which carries a frigid fuel known as liquefied […]

|By Matein Khalid| Every global recession since the OPEC oil shocks of 1973-74 was triggered by a contraction in the $17 trillion US economic colossus. The failure of Lehman Brothers, the meltdown in US subprime mortgages, the impotence of the implicit “Fed/Uncle Sam” put, the ice age in the commercial paper and interbank money markets all tipped the US economy into recession in late 2008 and triggered […]

SAUDI ARABIA.  JLL, the world’s leading real estate investment and advisory firm, today released its second quarter (Q2 2015) Riyadh Real Estate Market Overview that asses the latest trends in the office, residential, retail and hotel sectors in Saudi Arabia’s largest city. Mr Jamil Ghaznawi, National Director and Country Head of JLL KSA, commented: “there has been relatively little change in the real estate market in Riyadh […]

DOHA, Qatar — Persian Gulf monarchies issued a cautious endorsement on Monday of the accord Secretary of State John Kerry negotiated last month to constrain Iran’s nuclear program. “This was the best option among other options,” said Khalid al-Attiyah, the foreign minister of Qatar, who hosted a meeting of the Gulf Cooperation Council that Mr. Kerry attended. In a news conference with Mr. Kerry, Mr. Attiyah said […]

Saudi Arabia’s central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems. Previously, under an informal industry arrangement customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits, paying hefty fees to do so, bankers said. From last Thursday, an official ceiling of 30 […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
US intelligence suspects Megaspeed executive of Chinese espionage // Mumbai to host global blockchain leaders at November conference // Ex-Kochi police chief rejects judicial interference // Lancet researchers seek global health emergency recognition for climate // A Better Start, Ready for the Day: Green SM Elevates the Urban Mobility Experience in the U.S. // PSC probe closes in on chief // Lancet researchers seek global health emergency recognition for climate // CPM role in Mammootty cyber attacks ruled out // US intelligence suspects Megaspeed executive of Chinese espionage // Strategy drives listed companies’ Bitcoin holdings to 1.3 million // Lancet researchers seek global health emergency recognition for climate // Crown Workspace wins Gold and special Trinity recognition at HR Vendors of the Year Awards 2026 // 10 CENTS CAPITAL Completes US$20 Million Financing and Sets Out a Phased Deployment Plan // ZJLD Group Returns to Hong Kong Wine & Dine Festival 2026 // High Court opens toddy shop jobs to women // LiveWire flags survival doubts as cash reserves shrink // Anchored in Data Sovereignty, the Engagement Enables the Legal Sector to Adopt Generative AI Safely and Confidently // Polymarket restores trading after third-party security breach // 10 CENTS CAPITAL Completes US$20 Million Financing and Sets Out a Phased Deployment Plan // Sharjah Islamic Bank’s $500 million sukuk joins Nasdaq Dubai //