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  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • Saudi tops in job creation in GCC
     

    The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]

     
  • Chart of the Day: A Short History of 200 Years of Global Energy Use
     

    If you want to tell the story of worldwide energy consumption over the past 200 years, you need three chapters. Chapter 1: The Coal Age. Chapter 2: The Oil Age. Chapter 3: The China Age. In the early days of industrialization, the use of biofuels such as wood declined as the West learned to live […]

     
  • Saudis Increasing Riyadh Water Supply
     

    With the bulk of Saudi Arabia’s drinking water coming from desalination plants, the country’s sky-rocketing population growth puts enormous demand on water supply. Arab News reports that a new desalination plant in the Eastern Province is gearing up to go online. When it is producing, it will nearly double the amount of water flowing into […]

     
  • Internet in the Middle East Still Short of Its Potential
     

    Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]

     
  • Saudi to maintain oil supply if U.S. draws stocks
     

    Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. U.S. Secretary of State Hillary Clinton on Saturday in Riyadh sought an assurance from Saudi King Abdullah that the kingdom […]

     
  • Hillary Clinton: Time running out for diplomacy with Iran
     

    U.S. Secretary of State Hillary Rodham Clinton made clear Saturday that time is running out for diplomacy over Iran’s nuclear program and said talks aimed at preventing Tehran from acquiring a nuclear weapon would resume in mid-April. With speculation over a possible U.S. or Israel military attack adding urgency to the next round of discussions […]

     
  • Water Brings Green to Saudi Arabia
     

    Over the last two-and-a-half decades, a series of NASA’s Landsat satellites have captured these pictures of the growing agriculture industry in the northern reaches of the Syrian Desert in Saudi Arabia, not far from Jordan. Farmers use a technique called center-pivot irrigation to bring up water from below the desert floor to grow wheat and […]

     

MUST-READS

  • Palestinian media says at least 50 killed in Israeli air strike in north Gaza

    The official Palestinian news agency said at least 50 people were killed on Monday in an Israeli air strike that hit two schools sheltering displaced people in the north of the Gaza Strip. The reported attack took place as Israeli bombs also rained down on southern areas of the enclave and Israeli troops and tanks pressed a ground campaign against Hamas militants in that sector. The strike hit the Daraj neighbourhood in Gaza City, the WAFA agency said. It was not immediately possible to verify the report independently, and a spokesperson for the Israeli army said it was looking into the report.

  • US kills 5 Iran-backed militia members in drone strike in Iraq

    US forces killed at least five Iran-backed militia members in a drone strike after the US “identified an imminent attack” was likely to be launched by militia forces in Kirkuk, Iraq, on Sunday, a US official said. It wasn’t immediately clear which group the forces killed on Sunday belonged to. The number of attacks by Iran-backed proxy groups on US and coalition forces in Iraq and Syria has risen to 76 since October 17, a defense official told CNN.

  • Continuing War Casts Long Shadow Over Egypt-Gaza Border

    Egypt’s Rafah border crossing with the besieged Gaza Strip has been a site of hope and despair in the unprecedented aftermath of Hamas’ deadly October 7 attack on southern Israel.

  • Netanyahu’s Corruption Trial Resumes Amid War

    The corruption trial of Prime Minister Benjamin Netanyahu of Israel resumed on Monday, bringing back into focus the legal and political challenges he faces even as he presides over the Israeli military’s war in Gaza. Israeli courts stopped hearing non-urgent cases after Hamas launched its surprise attack from Gaza on Oct. 7, but on Friday the country’s justice minister, Yariv Levin, said that most normal court operations could resume because the suspension had expired. Mr. Netanyahu did not attend Monday’s hearing, which dealt with procedural issues, according to Israeli news media reports.

  • Kushner, Jewish business leaders huddle with Qatari PM

    Jared Kushner and Ivanka Trump organized a private meeting in New York last Wednesday with Qatar's prime minister and a bipartisan group mostly of Jewish businessmen and billionaires, three sources with direct knowledge of the meeting tell Axios. Why it matters: Qatari Prime Minister Mohammed Bin Abdulrahman Al Thani has been a key player in mediating talks between Israel and Hamas during their ongoing war — especially negotiations over the talks over on the issue of release hostages held by the terrorist group in Gaza.

  • Libya dismantles illegal gold mining network

    An illegal gold mining network, comprised of Chinese, Chadian, and Nigerien nationals, has been dismantled in southern Libya, local authorities have said in a statement. The network, led by a Libyan man, was mining four large sites in the southern desert, said the Tripoli attorney general, which posted photos of the mines and seized gold ingots on its Facebook page on Sunday.

  • Cyprus pushes Gaza corridor idea; leader to visit Egypt, Jordan

    Cyprus President Nikos Christodoulides will visit Egypt and Jordan on Tuesday as part of an initiative to establish a humanitarian aid corridor to Israeli-besieged Gaza. Cyprus, the closest European Union member state to the Middle East, has offered to host and operate facilities for sustained aid directly into the Gaza Strip once hostilities between Israel and the Palestinian militant Hamas group cease.

  • Turkey’s Erdogan says Israel’s Netanyahu ‘will be tried as war criminal’

    Turkish President Tayyip Erdogan said on Monday that Israeli Prime Minister Benjamin Netanyahu would eventually be tried as a war criminal over Israel's ongoing offensive in the Gaza Strip, while slamming Western countries supporting Israel. Turkey, which supports a two-state solution to the decades-old conflict, has sharply criticised Israel over its campaign in Gaza, launched in response to militant group Hamas' rampage on Oct. 7. More than 15,500 people have been killed in the Israeli air and ground attacks, according to Gaza's health ministry.

  • Ma’aden and Ivanhoe Electric start exploration activities in Saudi Arabia

    Ivanhoe Electric Inc. and the Saudi Arabian firm Ma’aden have officially begun exploration activities in Saudi Arabia through their 50/50 joint venture company. The joint venture, established earlier this year, aims to explore approximately 48,500 km2 of the underexplored Arabian Shield, focusing on discovering copper, gold, silver and other electric metals. Ivanhoe Electric will operate during the exploration phase, with Ma’aden set to assume operatorship if an economically viable deposit is identified for further development.

  • Saudi calls to boycott TikTok mount as platform denies discrimination

    Calls to boycott TikTok in Saudi Arabia have intensified since the launch of a campaign accusing the video platform of unjustly censoring and banning Saudi accounts expressing positive views about the Kingdom. The momentum behind the boycott has grown as concerns over TikTok’s alleged algorithm manipulation and biased treatment continue to provoke outrage among the platform’s Saudi user base.