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Abu Dhabi calls $50 oil a 'gift to the world' (USO, OIL)
One of the United Arab Emirates' top economic officials thinks $50 oil is a "gift to the world."According to a report from Bloomberg, Ali Al Mansoori, the head of Abu Dhabi's Department of Economic...
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The Qatari speaking tour in which a Saudi cleric urged knife attacks against...
A prominent Saudi preacher glorified Palestinian knife attacks on Israelis on October 25th – the first day of his visit to Qatar to deliver a series of public lectures. Such incitement was met with...
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Saudi Arabia's 'game of thrones' could derail global oil markets
Financial analysts play close attention to politics in the countries they monitor — it's crucial that they keep track of potential policy changes coming down the pipe.When the country you're looking at...
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S&P just downgraded Saudi Arabia (USO, OIL)
Ratings agency S&P just downgraded Saudi Arabia's debt rating. In a release on Friday, S&P cut its rating on Saudi Arabia's foreign- and local-currency sovereign credit ratings on Saudi Arabia...
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Some OPEC members are pushing to bring back a quota
It is apt that it is national sandwich day, given yesterday’s first-day-of-the-month onslaught of global manufacturing numbers, and ahead of tomorrow’s return to form in economic data.Hence today we...
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Saudi Arabia: 'We've seen the pain' and we don't care
Saudi Arabia's mission to blow everyone out of the oil market isn't over yet.The country's policy of pumping so much oil that prices stay too low for competitors to make a profit has led to losses at...
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Saudi Arabia's national debt is about to surge
Saudi Arabia will turn to international creditors to plug gaps in its public finances left by low oil prices, according to a report in the Financial Times.The country's debt could rocket to as much as...
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Oil will not reach $80 a barrel until 2020
Oil prices are less than half what they were last summer — and it will stay that way until the end of the decade.Fatih Birol, executive director of the International Energy Agency, told the Financial...
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Britain's government wants to sell even more weapons to Saudi Arabia
Britain's foreign Secretary Philip Hammond told Newsnight that he'd like the country to sell even more weapons to Saudi Arabia.His comments follow closely after the lucrative arms trade between the UK...
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Saudi Arabia took an 'unprecedented step' amid reports of a coup
Saudi Arabia's government is known to be opaque, with very little ever given to the media in terms of information. But a major report given to The Daily Telegraph by advisers to Saudi Prince Mohammed...
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Oil will not reach $80 a barrel until 2020
Oil prices are less than half what they were last summer — and it will stay that way until the end of the decade.Fatih Birol, executive director of the International Energy Agency, told the Financial...
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Saudi Arabia's mission to blow everyone out of the oil market isn't over yet
Saudi Arabia's mission to blow everyone out of the oil market isn't over yet.The country's policy of pumping so much oil that prices stay too low for competitors to make a profit has led to losses at...
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Saudi Arabia took an 'unprecedented step' and is preparing for a coup
Saudi Arabia's government is known to be opaque, with very little ever given to the media in terms of information. But a major report given to The Daily Telegraph by advisers to Saudi Prince Mohammed...
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Saudi Arabi's harsh religious tradition is seen as a root cause of jihadism
RIYADH (Reuters) - Saudi Arabia's harsh religious tradition is seen by many outsiders - and some Saudi liberals - as a root cause of the international jihadist threat that has inflamed the Middle East...
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Saudi Arabia's oil exports climbed in September, and the country is pumping...
Saudi Arabian oil production climbed in September according to data from JODI, showing that the world's biggest oil producer sent 7.11 million barrels of oil abroad per day.There's no sign the country...
View ArticleISIS militants are using an incredibly addictive drug to feel invincible on...
Turkey reported seizing nearly 11 million pills of Captagon after two raids along its Syrian border.Experts say the highly addictive drug is fueling the conflict in Syria, as both ISIS militants and...
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Bad PR is leading to speculation that Saudi Arabia will devalue its currency
DUBAI (Reuters) - Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic pressures on the kingdom.Riyadh has...
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Saudi Arabia invites 65 Syrian opposition figures to Riyadh ahead of peace talks
Saudi Arabia has issued invitations to 65 Syrian opposition figures to attend a conference in Riyadh to try to unify their positions ahead of proposed Syrian peace talks, Saudi newspapers reported on...
View ArticleSaudi Arabia is building the world’s tallest building – nearly twice the...
Saudi Arabia's Jeddah Tower will be the world's tallest building. It will be 1 km (3,280 feet) tall. Produced by Jacqui Frank. Special thanks to Emmanuel Ocbazghi.Follow BI Video: On Facebook Join the...
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Germany's intelligence agency says Saudi Arabia's 'game of thrones' risks...
Germany's state intelligence agency says competition for influence inside the Saudi Arabian royal family is destabilising the wider Middle East, according to domestic media reports.Frankfurter...
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