saudi

The Borrowing Spree

Arab Gulf oil exporters to issue more debt in 2017 By Martin Dokoupil  Arab Gulf oil exporters are likely to continue borrowing heavily from international markets over the coming years as fiscal gaps in most countries are expected to remain large with a marked recovery in oil prices not on the cards for the foreseeable future. But

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Old Rivals, New Rules: Riyadh and Tehran Eye Washington’s Shifting Policies

By Camelia Entikhabifard Years ago, much to the dismay of their strongest Arab ally, Saudi Arabia, the U.S. administration led by Barack Obama decided to pursue a diplomatic channel to negotiate with Tehran. More than Iran’s regional escapades, the West was concerned about the Persian state’s advanced nuclear program. To curb Iran’s ambition of becoming capable

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Trump’s Empty Threat to Stop Buying Saudi Oil

By John Kemp LONDON, Nov 16  – President-elect Donald Trump is very unlikely to restrict imports of crude oil from Saudi Arabia despite threats to do so issued during the election campaign. Trump is first and foremost a showman and impresario rather than a policy wonk. Much of what he said on the campaign trail

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GCC: Rethinking Alliances

The shifting sands of the GCC’s geostrategic environment By Adel Abdel Ghafar Two decades of an almost uninterrupted rise in hydrocarbon prices allowed the states of the Gulf Cooperation Council (GCC) to invest in infrastructure, education and health, as well as provide generous subsidies for their people. Fueled by high energy prices, ambitious rulers not

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Saudi Secretary-General of Organization of Islamic Cooperation (OIC) Resigns

DOHA, November 1 – The Saudi secretary-general of the Organisation of Islamic Cooperation (OIC) resigned on Monday for health reasons, according to a statement from the organisation. Iyad Madani, 70, had held the post since 2012. A statement by the IOC said Saudi Arabia had nominated Yusuf al-Othaimeen, a former minister of social affairs, as

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Week in History: October 26 – November 1

Key events that shaped our social, political and cultural history By Arfa Shahid October 31, 1984: Indian Prime Minister Indira Gandhi Assassinated  On this day in history, India’s only female prime minister to date, Indira Gandhi, was assassinated by her own two Sikh bodyguards in New Delhi. Beant Singh shot her two times, and Satwant Singh

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It Is Not About Hajj

Iran’s meddling in Saudi affairs transcends the issue of Hajj’s security BY Abdulrahman Al Trairi The Islamic pilgrimage season, known as Hajj, which extended over the course of the first week of September, was “very successful” this year, according to Saudi officials who stressed that the holy event saw no security breaches. In an emailed statement

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Gulf States Condemn Law Letting 9/11 Families Sue Saudi Arabia

DUBAI, Sept 12 – The Saudi-dominated Gulf Cooperation Council (GCC) on Monday condemned a law passed by the United States Congress last week that would allow the families of victims of the Sept. 11 attacks to sue the kingdom’s government for damages. The head of the six-nation GCC said the law was “contrary to the

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