U.S. praises Saudi's sanctions on Hezbollah
The United States has praised Saudi Arabia for blacklisting 12 Hezbollah-affiliated individuals including military officials and financiers on Nov. 26.
Joseph W. Westphal, US ambassador...
$30 oil is 'irrational' and a rebound is 'inevitable,' according to Saudi Arabia
Saudi Arabia thinks oil prices at $30 per barrel are “irrational.”
According to a report in The Financial Times, Khalid al-Falih, chairman of the state-owned...
Al-Shebab fighters seize Somali port
Somalia's Al-Shebab insurgents retook their former stronghold of Merka on Friday from African Union troops who pulled out of the port they had held...
Clean Energy has Permanently Decoupled From the Oil and Gas Markets
It's been a rough summer for energy markets: Oil prices crashed, China stuttered, the Federal Reserve dithered and emerging market currencies threatened to fall...
Heartbreaking tales of missing pilgrims compound tragedy
Three days after the tragic stampede in Mina during this year’s Haj, the whereabouts of dozens of pilgrims, both from the Kingdom and from...
House prices likely to drop 30% in Jeddah
Prices of apartments, houses and land are expected to drop by 20 to 30 percent in Jeddah next year, a study has found.
Developers are...
Egyptian elections show no clear winner, Sisi expected to dominate
Egyptians voted on Tuesday in run-off elections for more than 200 parliamentary seats in which no clear winner emerged in the first round of...
Two contractors held in Yemen do not work for United Nations
The United Nations said on Monday that two contractors detained by authorities in Yemen's capital Sanaa were not working for the world body, but...
Oil rises after Saudi Arabia reiterates willing to work with non-OPEC
Oil prices turned around to rally on Monday after the Saudi Arabian cabinet said in a statement the kingdom remained ready to work with...
Europe shares rise as firm dollar takes shine off euro
European shares started the week strongly on Monday, buoyed by gains on Wall Street and a weaker euro, while the dollar rose after upbeat...
