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  • Riyad Bank
    Saudi Arabia’s Riyad Bank starts marketing 10-yr dollar sukuk

    The bank hired JPMorgan, Riyad Capital and Standard Chartered to lead the deal. First Abu Dhabi Bank and HSBC are also involved in arranging the potential debt sale, which is expected to close later on Tuesday. The Tier 2 subordinated sukuk sale is part of a $3 billion issuance programme.

  • UN: Warring parties in Yemen agree on major prisoner trade

    Abdul-Qader al-Murtaza, a rebel official in charge of prisoners’ affairs, said in a tweet that the first phase of the deal includes the release of more than 1400 prisoners from the two sides. He said talks would continue for another two days to “prepare and revise the final lists.”

  • Qatar delays partnerships for natural gas expansion amid price collapse

    Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas (LNG) project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.

  • Reema bint Bandar interview: Saudi Arabia is Washington’s Closest Partner in Region

    The greatest challenge Saudi Arabia is facing in the US is the stereotypical image that some sides still have of the Kingdom, she lamented. But even this image is being broken down in the US and in different parts of the world as the Kingdom continues along the path of its Vision 2030.

  • Kuwait, Saudi Arabia start trial oil pumping from divided zone: Kuwait minister

    Fadhel said that he expects oil production from the Neutral Zone to reach 550,000 barrels per day before the end of the year. The production from the zone is divided between both Kuwait and Saudi Arabia. The minister also said Kuwait now aims to boost its oil production capacity to 4 million bpd by 2040, after revising the country’s oil strategy.

  • 5G
    STC launches its first 5G smart campus in Saudi Arabia

    The new Smart Campus will facilitate the introduction of different service standards for enterprises, oil rigs, gas exploration, education, medical treatment, mining and other industries with diversified and remote infrastructure to resolve challenges related to capacity, density, coverage, security, high operational cost and complex management.

  • Court Martial Proceedings
    Saudi-led coalition starts courts martial against Yemen strikes air crews

    The Saudi-led coalition fighting Houthi rebels in Yemen has commenced court martial proceedings against air crew in relation to breaches of international humanitarian law, in the first such case of its kind.

  • Global Oil Markets
    Global oil demand set to see first quarterly decline in over 10 years, IEA says

    Demand is now expected to fall by 435,000 barrels a day (b/d) in the first quarter of 2020, down from the same period a year ago, and marking the first quarterly contraction in more than 10 years, the IEA said in its monthly oil market report Thursday.

  • Oil Markets
    Most Russian oil firms want OPEC+ deal extended into second-quarter: Lukoil

    Most Russian oil companies want OPEC’s global output curbs to remain in place for one more quarter, but Moscow has still not made a final decision on a possible new deal with OPEC and its allies, a senior Lukoil official said on Wednesday. Saudi Arabia has been trying to persuade Russia to join deeper oil production cuts. Moscow has said it will disclose its stance in the coming days.

  • Israel
    Israel’s maturing cybersecurity startup ecosystem

    There are a lot of reasons why Israel excels in cybersecurity, but one of them is undoubtedly its talent pool, which is fed by intelligence units like 8200 and 81. Indeed, it’s exceedingly unusual to come across security startup founders in the country who did not receive their initial training in the intelligence services. This experience also gives these founders a network of potential co-founders and employees right from the get-go.