Saudi Arabia

Cost of Pump-at-Will Oil Policy Spurred Saudi OPEC U-Turn

By Rania El Gamal and Dmitry Zhdannikov DUBAI/LONDON, Dec 15  – Saudi Arabia has long said it could produce as much as 12 million barrels per day (bpd) of oil if needed, but that pump-at-will claim – which would require huge capital spending to access spare capacity – has never been tested. Sources say the

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Gulf Cooperation Council Condemns ‘Barbaric Shelling’ of Aleppo

DUBAI – The Arab states of the Gulf, including regional powerhouse Saudi Arabia, condemned on Tuesday what they described as “the barbaric shelling” of Aleppo and called on the United Nations to move quickly to provide relief to the Syrian people. Their statement comes as the rebel hold on Aleppo appeared to end, after months of

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EXCLUSIVE: UAE Foreign Minister Al Gargash on Iran’s Role in the Region

In an exclusive with Newsweek Middle East, UAE Minister of State for Foreign Affairs Dr. Anwar Al Gargash spoke about Iran’s role in the region and the necessity of Tehran changing its behavior to become constructive rather than destructive. Minister Gargash believes “it is doable” to change Iran’s role in the region as long as there

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The Oil Guru

In an interview with Newsweek Middle East, international oil expert and World Bank Consultant Dr. Mamdouh Salameh expected crude prices to reach $60 per barrel by this year’s end or as early as next year, before rising to $70/barrel in 2017. According to Salameh, Saudi Arabia’s past policy of flooding the oil market with supply

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Wanted: Affordable Homes

Saudi Arabia seeks PPP to find a solution for its affordable housing shortage By Farha Abdelhaq The lack of affordable homes available to rent or purchase has been a major concern for Saudi’s burgeoning populace. Over the past 15 years, the population of the capital city, Riyadh, has increased by over 50 percent to 6.5

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Saudi Sends Egypt Condolences Over Church Bomb Despite Syria Strain

DOHA, Dec 12 – Saudi Arabia’s King Salman sent condolences to Egypt’s President Abdel Fattah al-Sisi on Monday after a church bombing in Cairo, a supportive gesture amid reports of tensions between the Arab states over Syria’s war. A bombing at Cairo’s largest Coptic cathedral on Sunday killed at least 25 people in an attack

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Saudi Police Detain Young Woman for Removing Abaya

DUBAI, Dec 12 – Saudi police detained a young woman for violating modesty rules after she removed her abaya, the loose-fitting, full-length robes women are required to wear, on a main street in the capital Riyadh, local media reported on Monday. The conservative Muslim country enforces a strict dress code for women in public. The

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Saudi Court Sentences 15 to Death for Spying for Iran

DUBAI, Dec 6  – A Saudi court on Tuesday sentenced 15 people to death for spying for the kingdom’s arch-enemy, Iran, Saudi-owned media reported, in a ruling that could further stoke tension between the two rival powers. The Specialised Criminal Court in Riyadh sentenced 15 other suspects to prison terms ranging from six months to

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British PM Heads to Bahrain to Cement Gulf Ties Before Brexit

LONDON, Dec 5 – Prime Minister Theresa May will travel to Bahrain this week for a meeting of the Gulf Cooperation Council that she hopes will cement stronger ties with Middle Eastern countries as Britain leaves the European Union. May, who was appointed prime minister shortly after Britain voted to leave the EU at a

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