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  • Saudi Arabia asks Aramco to lower its maximum capacity target

    Saudi Arabia's government on Tuesday ordered state oil company Saudi Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day, one million bpd below a target announced in 2020. Saudi Arabia has for decades been the holder of the world's only significant spare oil capacity, providing a safety cushion in case of major disruptions to global output such as those caused by conflict or natural disasters. In recent years, fellow OPEC member the United Arab Emirates has also built up its capacity.

  • Saudi ambassador ‘disappointed’ over ‘western centric’ criticism of mulled WTA Finals move

    he criticism over moving the Women's Tennis Association Finals to Saudi Arabia represents stereotypical and western-centric views, Saudi ambassador to the United States Reema bint Bandar Al-Saud has said. The debate over hosting the event in the Gulf country has intensified, especially after notable opposition from tennis greats Chris Evert and Martina Navratilova, who expressed opposition in the Washington Post.

  • Messi scores but Inter Miami loses to Saudi Arabian team Al-Hilal in friendly

    The Major League Soccer team is playing two games in the oil-rich kingdom as part of its preseason preparations, but even Messi could not inspire it to victory in Riyadh. While Messi got on the score sheet with a second-half penalty, Malcom came up with the decisive goal to win the match in the 88th. Al-Hilal had been strongly linked with a move for Messi when he left Paris Saint-Germain and became the most sought-after free agent in the sport last year.

  • Saudi Arabia’s Aramco halts plans to increase maximum oil production capacity

    Saudi Arabia’s state-controlled Aramco on Tuesday announced it is pausing plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day. In a statement, the world’s largest crude exporter said it had been ordered by the Saudi Ministry of Energy to maintain its Maximum Sustainable Capacity (MSC) at current levels, several years and billions of dollars since it received a directive to boost production capacity to 13 million barrels per day by 2027. Aramco, which went public in 2019, did not disclose the reason behind the ministry’s decision and said it will update its capital spending guidance when its full-year 2023 results are announced in March.

  • Emir of Kuwait to Kick off Official Visit to Saudi Arabia

    Emir of Kuwait Sheikh Meshal al-Ahmad Al Jaber Al Sabah is set to kick off an official visit to Saudi Arabia on Tuesday. Saudi Arabia and Kuwait enjoy close ties between their people and leaderships, which have always sought to deepen these relations. The neighbors also share common views over several issues, including Gulf affairs. The establishment of the Saudi-Kuwaiti coordination council is a reflection of these close ties. Formed in 2018, the council has adopted a moderate political approach and seeks to achieve security and stability for the Saudi and Kuwaiti people.

  • Just the beginning of a long story on Saudi Arabia’s Tabuk region.

    From deep slot canyons to the most incredible towers I've seen in any desert in the world, this is a region for the ages. I haven't processed much yet from a recent visit, but here's a little to get you started

  • Head of Saudi Arabia’s AlUla cultural development arrested over corruption claims

    The allegations concern events prior to his AlUla appointment in 2017. He is accused of having benefited from contracts given by the King Abdullah City for Atomic and Renewable Energy, a public scientific research fund, to a company he co-owns. The contracts were worth $55m. The source from the anti-corruption authority says that three of his partners have also been arrested, have made confessions and are now awaiting trial.

  • U.S. struggles to contain Gaza conflict, as Qatar PM sees progress in hostage release talks

    “I think it’s very important to note that this is an incredibly volatile time in the Middle East,” Blinken said at a press event with visiting NATO Secretary General Jens Stoltenberg this afternoon. “I would argue that we have not seen a situation as dangerous as the one we’re facing now across the region since at least 1973, and arguably even before that.” “We’ve made very, very clear from day one that we’re going to defend our people,” Blinken said. “We’re going to defend our personnel.”

  • 3 Options for How Biden Could Respond to Iran

    The Biden administration said in a statement on Sunday that U.S. intelligence had already determined that the drone strike was orchestrated by “radical Iran-backed militant groups” in Syria and Iraq. The Associated Press reported on Monday that groups in Iraq were specifically responsible, and a coalition of Iran-backed militias called the Islamic Resistance in Iraq claimed on Sunday that it had targeted U.S. personnel in the vicinity, but it did not explicitly confirm that it had carried out this specific attack. Iran said it had “no connection and had nothing to do” with the strike, stating that decisions by so-called “resistance groups” in the region to attack U.S. forces are made by the groups on their own. However, Iran remains the primary backer of such groups, and its Islamic Revolutionary Guard Corps maintains close ties with them.

  • Qatar’s Prime Minister Says Progress Made on Hostage-Release Deal

    “We are in a much better place than where we were a few weeks ago,” said Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani, during a public forum in Washington. Still, gaps remain wide over key issues, including international guarantees, that during the pause in fighting a comprehensive agreement would be reached that would lead to a permanent end to the war, according to officials familiar with the talks between the leaders. While the talks were positive, a deal isn’t imminent, they said.