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  • Dow, Saudi’s Sabic to market Sadara Chemical products

    State-owned Saudi downstream producer Sabic and US petrochemical producer Dow will begin marketing Sadara Chemical products in the Middle East from 1 July. Sabic and Dow will take over marketing of Sadara's products in Saudi Arabia, Egypt, Jordan, Lebanon, Palestine and Iraq, according to a letter that Saudi Arabia-based Sadara sent to its customers on 28 March. Sabic will handle polyutheranes, chemical products and polyethylene from Sadara, except for low-linear density polyethylene (LLDPE) hexene, octene and elastomers, which Dow will market and sell.

  • COVID-19: Malls in Saudi Arabia face shutdown if crowding persists

    Saudi Arabia has warned malls that they face shutdown if they fail to heed a limit on allowing shoppers in as part of efforts to contain the spread of the novel coronavirus in the kingdom. “Allowing extra numbers of shoppers will make the malls liable to closure and enforcement of disciplinary penalties,” said spokesman for the Ministry of Commerce Abdulrahman Al Hussein.

  • Analysis: Why Yemen’s Houthis turned down Saudi Arabia’s ceasefire offer

    The Houthis appear to think they are in a strong enough position to turn down the Saudis’ proposals. Riyadh’s overture follows an increase in attacks by the largely Zaidi Shia force against oil installations in the Sunni kingdom – with the Houthis launching another drone attack on airport in southern Saudi Arabia on Tuesday. This follows the Houthis’ intensification in recent weeks of their attacks on Marib – an oil-rich town and the UN-recognised government’s last remaining stronghold in northern Yemen.

  • Saudi Arabia arrests 241 in new corruption crackdown

    Saudi Arabia’s anti-graft authority has arrested 241 people — citizens and expatriates — for alleged involvement in corruption, the authority said. The Oversight and Anti-Corruption Authority (Nazaha) said that the accused included employees of the ministries of interior, health, municipal and rural affairs and housing, education, and human resources and social development as well as the Saudi Customs and the Saudi Post.

  • Lebanese are gripped by worry as economic meltdown speeds up

    The Lebanese pound has lost more than 25% in value over the past weeks alone. Inflation and prices of basic goods have skyrocketed in a country that imports more than 80% of its basic goods. Purchasing power of salaries has dramatically declined and savings have evaporated — all on top of the coronavirus pandemic and a massive explosion last August at Beirut’s port that damaged parts of the capital. More than half the population now lives in poverty, according to the World Bank, while an intractable political crisis heralds further collapse.

  • Down the rabbit hole of Israel’s electoral wonderland

    Fog envelops Israel’s electoral landscape as its citizens prepare to vote for the fourth time in under four years. A wave of consolidations, breakups, and withdrawals prior to the February 4 deadline for formal registration of party lists in the country’s upcoming March 23 ballot dispelled some of the haze. But with candidates from a host of thirty-nine different slates vying for placement in the twenty-fourth Knesset, the contours of Israel’s next legislature and government remain obscure.

  • Downsize or delay: Saudis weigh up wedding options amid pandemic

    And, with wedding costs climbing and people’s finances still reeling from the effects of the pandemic, some Saudi couples have taken advantage of the situation to downsize their weddings and hold their celebrations at home with fewer guests.

  • Saudi Arabia fourth quarter GDP down from previous year but up on third quarter as COVID-19 impact eases

    Saudi Arabia’s economy shrank 3.9% year on year in the fourth quarter but rose 2.5% from the previous three months, according to data on Tuesday that showed an upturn from the depths of the coronavirus pandemic towards the end of 2020. The oil sector contracted by 8.5% and the non-oil sector by 0.8% from the same period of 2019, Saudi Arabia’s General Authority for Statistics said.

  • Boycott brought down Saudi imports from Turkey by 72% in December

    The value of Saudi Arabia’s imports from Turkey fell by 72 percent to a record low in December 2020, reaching SR50.6 million, down from SR182.2 million in the previous month. According to the latest figures of the General Authority for Statistics (GASTAT) published on Wednesday, the December value is the lowest in the volume of imports from Turkey in at least a year.

  • Luxury Ride-Hailing App Pivots to Middle East as Lockdowns Bite

    Wheely will apply for an e-hailing license in Dubai in the coming weeks and open an office there as a hub for the Middle East, said founder and Chief Executive Officer Anton Chirkunov. Dubai is a top destination requested by Wheely customers, especially those traveling from Moscow, he said.