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  • Has the coronavirus affected the Middle East’s construction sector?

    Logistics have been impacted and factory output has been reduced. It has meant material and equipment suppliers have been unable to meet their obligations. This in turn has adversely impacted progress on construction sites and has resulted in delays.

  • 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.

  • Saudi students returning from China leave quarantine after being declared coronavirus-free

    The 10 Saudi students who returned from Wuhan, China, on Feb. 2 have been declared as being coronavirus-free. According to Al Arabiya, they have been receiving two check-ups for fevers and flu daily since they returned and every three days have had saliva-testing to see if the coronavirus was spreading among them.

  • Yemen war: Saudi-led coalition warplane crashes

    A coalition spokesman confirmed that a Saudi Tornado fighter jet had "fallen" while carrying out a support mission near Yemeni army units, according to Saudi Arabia's state news agency SPA. Yemen's Houthi rebels said they shot down the plane on Friday night. The United Nations said 31 civilians were killed in Saudi air strikes in al-Jawf on Saturday. A statement from the office of the UN's resident coordinator for Yemen said "preliminary field reports" indicated that at least 12 others were injured in the strikes.

  • Lebanon
    Lebanon weighs defaulting Eurobond next month

    Lebanon’s finance minister said Thursday that its new government is weighing whether to pay or default on its $1.2 billion Eurobond maturing next month, amid an economic crisis that has sparked months of unrest. Lebanon is facing a deepening liquidity crunch and a soaring public debt. Lebanese banks raised interests rates in a bid to attract foreign investments — but now the influx of foreign currencies has dried up and the Central Bank’s foreign currency reserves are shrinking.

  • Tourism
    Plans to Develop AlUla, Saudi Arabia Into the ‘World’s Largest Living Museum’ by 2035 Unveiled

    Saudi Arabia aims to host two million visitors a year in AlUla by 2035. The RCU estimates the project will create more than 67,000 new jobs - almost half of them in the tourism sector.

  • Global Oil Markets
    Oil Set for Biggest Weekly Gain in 5 Months as Virus Fear Eases

    After several weeks of falling crude prices, Chinese refiners are now snapping up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view that the sharp increase in the number of virus cases reported in China’s Hubei province this week doesn’t necessarily reflect a sudden jump in new infections.

  • Oman
    Is tourism the antidote to youth unemployment in Oman?

    “I am pretty sure the economy will dictate certain unavoidable reforms in the next few years,” John Sfakianakis, the chief economist of the Saudi Arabia-based Gulf Research Center, told Al-Monitor. In an attempt to energize the domestic economy, the country’s road map for social and economic reform identifies five high-priority sectors, including the employment-intensive tourism industry. Ranked as one of the fastest growing industries in the world, the tourism sector could employ a total of 535,000 people, directly and indirectly, in Oman by 2040 to cater to 11 million visitors.

  • U.S. Congress
    Senate passes resolution to limit Trump’s power to order military action against Iran

    Eight Republicans joined all Democrats in voting 55 to 45 for the measure, despite sharp warnings from Trump that challenging his war powers would “show weakness” and send “a very bad signal” to Tehran. Trump will almost certainly veto the measure once it passes the House, and neither chamber of Congress has the votes to override that veto, lawmakers say.

  • Syria
    Turkey-Syria clashes escalate as 800,000 displaced people battle bitter temperatures

    Despite continued talks between Russia and Turkey no new cease-fire or de-escalation agreement has been reached between the two sides. Instead, President Recep Tayyip Erdogan threatened Wednesday to escalate the conflict beyond Idlib’s borders if another Turkish soldier was hurt.