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  • Goldman Sachs
    Why Saudi Arabia’s best bet may be to increase output

    In their latest oil note, Goldman Sachs describe the oil market as having a “dominant firm/competitive fringe” structure, in contrast to say a monopolistic or perfect competition structure.

  • Saudi-Kuwait
    Kuwait Said to Deny Work Permits for Saudi Chevron Field Staff

    Kuwait stopped issuing work permits for Saudi Arabian Chevron Inc. employees at oil fields the Persian Gulf nations are developing together, according to three people with direct knowledge of the matter.

  • Healthcare
    Rise in MERS cases prompts Saudi warning to residents

    Saudi Arabia's Health Ministry on Monday urged residents of the world's top oil exporter to renew precautions against Middle East Respiratory Syndrome (MERS) after a rise in new cases of the disease since early September.

  • GCC Economies
    IMF Retains GCC Growth Forecast But Warns Of Weak Fiscal Balance

    But despite a favourable economic outlook, the IMF warned of weakening fiscal balances across GCC countries and the wider region, urging nations to address these risks. “Fiscal balances are forecast to deteriorate. Notably, Saudi Arabia is expected to run a central government fiscal deficit as early as 2015,” the report said. “In aggregate, after reaching a peak of 7.75 per cent of GDP in 2012, the oil exporters’ fiscal surplus is expected to be only 1.25 per cent in 2015 and to vanish by 2017.

  • Israeli Settlements
    Israel advances building plans in east Jerusalem

    The housing announcement could flare already soaring tensions in east Jerusalem, which has been the scene of violent unrest for months, including near-nightly clashes between police and Palestinian youths who have thrown rocks, firecrackers and sometimes fire bombs at passing vehicles and at Israelis living nearby.

  • Afghan Interpreters
    Why Is a Comedian the Only One Talking About the Plight of Afghan Interpreters?

    If you tuned in for last Sunday’s Last Week Tonight with John Oliver, you also watched some of the most thorough reporting to date regarding efforts to secure Special Immigration Visas (SIVs) for Afghan and Iraqi  translators who have served for years alongside U.S. military personnel. When American servicemen rotate away, these translators remain—often becoming top-priority targets for reprisal attacks. Unfortunately, the State Department program intended to get Afghan translators and their families to safety has long been stuck in a bureaucratic swamp, stranding more than 6,000 Afghans across various stages of the process. With the visa program slated to end on December 31, many of these Afghans are now in very real danger of being abandoned. This raises two difficult questions: first, why has this been allowed to happen? And second, what now—at this late stage—can still be done to save them?

  • Iran Negotiations
    Opinion: This is the roadmap for closing a nuclear deal with Iran

    In recent days, Khamenei has suggested that the economy is starting to worry him. The reason is the loss of another 25% of government income, entirely due to the plunge in oil prices. On Oct. 22, he lashed out at his country’s overwhelming economic reliance on oil, saying that until Iran finds other means of supporting itself, it will be “at the mercy of major policymakers in the world.” He said that the country instead had to “rely on the talent and potential of its youth.”

  • Saudi Economy
    Saudi Economy: Quarterly GDP Update 2014Q2 – Jadwa

    At annual growth rate of 4.7 percent, the non-oil private sector remained the main contributor to overall economic growth. The growth rate was marginally higher than the 4.6 percent recorded in Q1 2014, but lower than the 6.1 percent recorded in the same period last year. We calculate that the sector contributed to 73 percent of overall growth in the second quarter of this year. We expect the private sector to maintain a robust level of growth supported by strong domestic demand, rising bank lending and public sector investment.

  • William Burns
    Exit Interview: William J. Burns – Video

    ay, Deputy U.S. Secretary of State William J. Burns retires after one of the most distinguished tenures as a career foreign service officer in memory. Only the second career diplomat in history to ascend to the No. 2 job at the State Department, he served during over three decades as undersecretary of state for political affairs, ambassador to Russia, assistant secretary of state for Near Eastern Affairs, and ambassador to Jordan. He has also worked as a senior director on the National Security Council staff, as executive secretary to Secretaries of State Warren Christopher and Madeleine Albright, and has won an array of departmental awards in recognition of his service.

  • Free Syrian Army
    U.S. again turns to Syria’s FSA rebels, despite known problems

    Once again, Washington appears to be turning to the FSA, despite the group's well-documented shortcomings, including a lack of unity, uneven battlefield and human rights records and alliances with Islamist radicals. "At this point, the intent of the coalition is to build a coherence to the Free Syrian Army elements that will give it the capacity and the credibility over time to be able to make its weight felt in the battlefield," retired Marine Gen. John R. Allen, named by the White House to help coordinate the anti-extremist coalition, told reporters in Washington this month.