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Saudi Cup Field Close To Complete With Several American-Based Contenders
Six of the 11 announced entrants are based in the U.S.: Bob Baffert trained McKinzie and Mucho Gusto, 3-year-old champion Maximum Security, champion dirt female Midnight Bisou, as well as Tacitus and Gift Box. Others in the field include Europe's Magic Wand, runner-up in the Pegaus World Cup Turf and last year's Arlington Million, 2018 Belmont Stakes runner-up Gronkowski, Benbatl from Dubai, plus Chrysoberyl and Gold Dream from Japan.
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Saudi Arabia’s Bateel Markets Builds Business for Premium Dates
The company is part of a growing business in Saudi Arabia, the world’s second-largest producer of dates. Exports from the Middle Eastern country rose 27% in the first half of 2019, compared to the same period in 2018, for revenue exceeding $202 million.
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Oil prices rise amid optimism over coronavirus outbreak in China
A technical committee advising the Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, may reach consensus on Thursday on the need to further cut oil output by at least 500,000 barrels per day (bpd), two sources told Reuters.
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Saudis Slash Oil Prices in Asia as Virus Causes Demand Shock
Saudi Arabia’s state oil company made deep cuts to the price of crude it sells to Asia, where an outbreak of the coronavirus has caused a slump in demand. Saudi Aramco lowered most of its official selling price differentials for the crude varieties it sells in the world’s largest consuming region, effectively making them cheaper. One exception was -- Arab Heavy -- which was kept unchanged. All grades to the U.S. were cut from a month earlier while European refiners were to be charged more.
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Saudi Healthcare Firm Is Said to Seek Up to $700 Million in IPO
Dr. Sulaiman Al Habib Medical Group is seeking to raise as much as 2.63 billion riyals ($700 million) from an initial public offering that starts next week, according to people familiar with the matter. The private health-care operator, one of the largest in Saudi Arabia, will price the shares at 43 to 50 riyals a share, the people said, asking not to be identified because the talks are private. Based on that price range, and a planned sale of 15% of the company, the business will be valued at 15.1 billion riyals to 17.5 billion riyals.
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Saudi Arabia Bans Travel on Coronavirus Fears
Saudi Arabia will stop expatriates from returning to the kingdom if they travel to China in an effort to contain the outbreak of coronavirus. The kingdom banned citizens and expatriates from traveling to China, state-run Saudi Press Agency reported. Saudi citizens violating the restrictions would be penalized, while expatriates wouldn’t be allowed back into the country.
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Iran-linked hackers pose as journalists in email scam
In a report published Wednesday, London-based cybersecurity company Certfa tied the impersonation of Fassihi to a hacking group nicknamed Charming Kitten, which has long been associated with Iran.
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Trump praises US military build up but vows overseas troop cuts in State of the Union address
Despite a lack of progress on that effort in the last year — about 13,000 troops in are currently deployed to Afghanistan, 5,200 troops to Iraq and 3,000 to Saudi Arabia — Trump promised that he is still working to “end America's wars in the Middle East” in the near future.
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Plan to Move Patriot Battery to Iraq on Hold amid Baghdad Government Turmoil
The plan to move a Patriot anti-missile battery from Kuwait into Iraq to protect U.S. troops against another attack from Iran is on hold. It requires approval from the Baghdad government, which is in turmoil, the Pentagon said.
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U.S. halts secretive drone program with Turkey over Syria incursion
The U.S. decision to indefinitely suspend the program, which has not been previously reported, was made in response to Turkey’s cross-border military incursion into Syria in October, the U.S. officials said, revealing the extent of the damage to ties between the NATO allies from the incident.
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