Welcome!
Saudi Arabia
Saudi King names new crown prince, upending succession
(June 21): Riyadh, Saudi Arabia (AP) -- Saudi Arabia's King Salman on Wednesday appointed his 31-year-old son Mohammed bin Salman as crown prince, placing him firmly as first-in-line to the throne and removing the country's counterterrorism czar a
June 21, 2017
Aviation & Engineering
Qatar signs US$12 bil deal for US F-15 jets amid gulf crisis
WASHINGTON (June 15): Qatar will sign a deal to buy as many as 36 F-15 jets from the US as the two countries navigate tensions over President Donald Trump’s backing for a Saudi-led coalition’s move to isolate the country for supporting terrorism.
June 15, 2017
Top Hamas commander reportedly in Malaysia following Qatar expulsion
SINGAPORE (June 6): Top Hamas commander Saleh al-Arouri is believed to be in Malaysia after being expelled from Qatar amid the kingdom’s fallout with Saudi Arabia and four other Arab states, according to reports from Israel.
June 06, 2017
Trump vows to calm Gulf flareup as Saudis turn screws on Qatar
(June 6): The U.S. said it will seek to defuse a growing rift between its energy-rich Gulf allies after Saudi Arabia led a drive to isolate Qatar by cutting off air and sea transport and closing the tiny nation’s only land border.
June 06, 2017
Saudi-led alliance moves to isolate Qatar over Iran tensions
RIYADH/WASHINGTON (June 5): Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups i
June 05, 2017
Saudi Arabia says oil curbs could extend beyond end of 2017
(May 8): Saudi Arabia’s oil minister said he’s confident that an agreement by producers to curb crude output and shrink a market glut will be extended into the second half of the year and possibly beyond.
May 08, 2017
Commodities
Oil at US$40 no problem as US drillers snub OPEC with hedges
CHICAGO/HOUSTON (March 16): OPEC’s worst enemy isn’t US shale drillers. It’s the hedges propping them up.
March 16, 2017
Crude Oil
Who wins in the US shale vs OPEC battle depends on these 5 factors
SINGAPORE (March 15): As the Organization of the Petroleum Exporting Countries’ (OPEC) continues to follow through with its announcement last year to cut production in a bid to end the global supply glut, US shale has been notably making a record comeba
March 15, 2017
Results
ST Engineering establishes subsidiary in Saudi Arabia for $3.2 mil
SINGAPORE (Feb 21): ST Electronics has set up a subsidiary, ST Electronics (Saudi Arabia) (STSA), in Riyadh, Saudi Arabia – with a paid up capital of 8.4 million Saudi Riyals ($3.2 million).
February 21, 2017
Crude Oil
Saudi Arabia breaks records on oil exports and output for year
KUWAIT (Feb 21): Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.
February 21, 2017