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Saudi Money, Khashoggi, The Downturn Of Investments

Saudi Money, Khashoggi, The Downturn Of Investments

The murder of Saudi columnist Jamal Khashoggi last month has soured the world’s politicians on the once-feted Crown Prince Mohammed Bin Salman. Private capital turned against him long before that.  Ever since dozens of royals and business chiefs were detained in November 2017 as part of a declared crackdown on corruption, a growing number of […]

Saudi Official Provides New Version Of Jamal Khashoggi’s Death

Saudi Official Provides New Version Of Jamal Khashoggi’s Death

The latest account, provided by a Saudi official who requested anonymity, includes details on how the team of 15 Saudi nationals sent to confront Khashoggi on Oct. 2 had threatened him with being drugged and kidnapped and then killed him in a choke hold when he resisted. A member of the team then dressed in […]

Saudi Arabia Is Starting To Stockpile Oil Again

Saudi Arabia Is Starting To Stockpile Oil Again

The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting build-up in their stockpiles should at least help them offset the drop in Iranian supplies as U.S. sanctions start to bite deeper.  Crude oil exports from the five Persian Gulf Arab members of OPEC fell by […]

Somalia Government Receives Medical Donation From Saudi Arabia

Somalia Government Receives Medical Donation From Saudi Arabia

A plane carrying a medical donation from Saudi Arabia has landed in Mogadishu today. The donation was handed over to the government of Somalia so that it will be delivered to the local medical outlets that serve the public. Also, onboard the plane were some Somali nationals who were flown to Saudi Arabia for treatment […]

Saudi Corruption Purge Snares $33 Billion of Net Worth in Riyadh

Saudi Corruption Purge Snares $33 Billion of Net Worth in Riyadh

Crown Prince Mohammed bin Salman’s crackdown on some of Saudi Arabia’s richest and most powerful men has put $33 billion of personal wealth at risk. The stunning series of arrests has implicated three of the country’s richest people, including Prince Alwaleed bin Talal, who’s No. 50 on the Bloomberg Billionaires Index ranking of the world’s […]

Egypt Lawmakers Approve Red Sea Islands Transfer to Saudi Arabia

Egypt Lawmakers Approve Red Sea Islands Transfer to Saudi Arabia

Egypt’s parliament backed President Abdel-Fattah El-Sisi’s decision to transfer two Red Sea islands to Saudi Arabia, snubbing court rulings invalidating the move and risking renewed protests against a treaty opponents denounced as an erosion of sovereignty. Parliament on Wednesday passed an agreement redrawing maritime borders between the two countries after heated committee debates this week. […]

The Saudi Prince, The Sheikh And A Gulf Renegade

The Saudi Prince, The Sheikh And A Gulf Renegade

The choreographed statements by Saudi Arabia and three allies to quarantine Qatar at just after 6 a.m. on June 5 were not signed, but there was no mistake about who was behind them. The move to halt air and sea transport and shut the tiny Gulf nation’s only land border carried the fingerprints of two of […]

Melania Hails The “Empowerment Of Women ”In Saudi Arabia

Melania Hails The “Empowerment Of Women ”In Saudi Arabia

U.S. First Lady Melania Trump praised the “empowerment of women” at a General Electric all-female service centre in the Saudi capital on Sunday, saying the women should work together and educate their children well. She is accompanying U.S. President Donald Trump on his first international visit since taking office in January, and told 200 female […]

Saudis, Russia Favor Extending Oil Cuts Until End-March 2018

Saudis, Russia Favor Extending Oil Cuts Until End-March 2018

Saudi Arabia and Russia said they favor extending oil-output cuts by global producers through the end of the first quarter of 2018 to shrink a market glut. Crude prices jumped. vor extending oil-output cuts by global producers through the end of the first quarter of 2018 to shrink a market glut. Crude prices jumped. Extending […]

An Oil Giant Is Still Burning Through Its Cash Pile

An Oil Giant Is Still Burning Through Its Cash Pile

It was meant to be a given that a rebound in oil prices would slow the depletion of Saudi Arabia’s foreign-currency reserves. That hasn’t happened yet, and economists are wondering why. Net foreign assets held by the Saudi central bank have fallen by an average $6.5 billion a month over the past year, and now […]

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