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MUST-READS
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IMF urges targeted anti-coronavirus fiscal measures in Gulf states
Stimulus packages offered so far come to nearly 30% of GDP in Bahrain and Oman, more than 10% in the United Arab Emirates and Qatar and over 4% in Saudi Arabia, according to Fitch Ratings.
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Yemen’s warring parties back U.N. call for truce
Yemen’s warring parties welcomed a United Nations call for an immediate truce on Thursday as the country entered its sixth year of a conflict that has unleashed a humanitarian crisis, rendering it more vulnerable to any coronavirus outbreak. A Saudi-led military coalition said late on Wednesday that it backed the Yemeni government’s acceptance of the U.N. appeal. Their foe, the Iran-aligned Houthi movement, welcomed that stance but said it wants to see implementation on the ground.
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Iraq limits production despite Saudi ramp-up
In February, Iraqi production dropped slightly to about 4.62 million barrels per day (bpd)*, down from 4.66 million bpd in January, according to an Iraq Oil Report analysis based on data gathered from each of the country's fields -- and preliminary data for March suggest output is likely falling further.
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Turkey completes investigation, charges Saudi aides in Khashoggi case
The Turkish indictment charges the prince's former advisers, Saud al-Qahtani and Ahmed al-Asiri, with "instigating a premeditated murder with the intent of (causing) torment through fiendish instinct," according to a statement from Chief Prosecutor Irfan Fidan's office.
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Riyadh: The Future of Infrastructure
In collaboration with Longitude — a Financial Times Company, AECOM’s Future of Infrastructure research harnesses survey data and opinions from over 10,000 infrastructure users in 10 major global cities, including Riyadh, to ask how satisfied, safe, inspired and engaged people feel with their roads and bridges, rail services and utilities.
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How this closing chapter of Syria’s war has become its most brutal
In a war with too many terrible chapters to count, the fighting in Idlib and surrounding areas has been singularly brutal, spreading destruction over a large swath of Syria while uprooting legions of its citizens. The violence has been drawn out by seesaw clashes that left towns like Saraqeb wasted and empty.
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As Stocks Sink, Pentagon Fears Foreigners Will Buy Control of US Defense Firms
“The foreign investment issue is something that I’ve been tracking for the last couple of years,” Ellen Lord, defense undersecretary for acquisition and sustainment, said during a Wednesday briefing at the Pentagon. “There’s no question that we have adversarial capital coming into our markets through the various needs.”
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Yemen’s Houthi leader says Saudi-led coalition support for ceasefire is welcomed
The Saudi-led coalition fighting in Yemen had said earlier that it supports the Yemeni government decision to accept the United Nations Secretary-General’s call for a ceasefire in Yemen to combat the spread of coronavirus, state news agency SPA reported.
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Saudi Arabia releases 250 immigration offenders amid coronavirus outbreak
Saudi Arabia has released 250 foreign detainees held on non-violent immigration and residency offences as part of efforts to contain the spread of coronavirus, the state-backed Human Rights Commission (HRC) said on Thursday. “Releasing them for eventual repatriation will help decrease the threat for inmates of the detention centres without compromising public security in any way,” HRC President Awwad al-Awwad said in a statement to Reuters.
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US jobless claims soar to 3.3 million, highest ever on record as coronavirus upends economy
Unemployment claims shattered records on Thursday as 3.28 million Americans filed for benefits last week as society across the United States effectively grinned to a halt amid the global coronavirus pandemic. The US Department of Labour released its latest unemployment report on Thursday, which economic forecasters had already predicted would include historically high figures due to millions of businesses having been forced to shutter their doors to the public.
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