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  • Lawyer says mediation resolves feud among Jordan royals

    The apparent resolution of the unprecedented public feud capped a weekend of palace drama during which the king had placed Hamzah under house arrest for allegedly plotting with foreign supporters to destabilize Jordan, a key Western ally.

  • Easing OPEC+ output cuts may unshackle Saudi-Kuwaiti Neutral Zone oil production

    Saudi energy minister Prince Abdulaziz bin Salman told reporters April 1 that the kingdom's share of Neutral Zone production was currently 135,000 b/d. Since the two countries split output from the area equally, that implies total production from the Neutral Zone is about 270,000 b/d. "Everything is going smoothly there with our friends in Kuwait," Prince Abdulaziz said after the recent OPEC+ meeting, in which the alliance agreed to gradually ease quotas by a collective 1.14 million b/d from May through July in monthly increments.

  • US Mission to Saudi Arabia announces new women’s entrepreneurship program in partnership with Atlantic Council, AmCham Saudi Arabia, and Quantum Leaps

    Strong explained that “our companies view these partnerships as their own paths to success,” citing UPS’s Women Exporters Program with the General Authority for Small and Medium Enterprises (Monshaat), ExxonMobil’s Global Women in Management Program with the King Khalid Foundation, Lockheed Martin’s investment in STEM education programs in Saudi Arabia, and the PepsiCo Foundation’s Tamakani accelerator with INJAZ Al-Arab as examples.

  • Qatar Petroleum takes over ownership of first-ever LNG plant

    Qatar Petroleum said on Tuesday it would take full ownership of its Qatargas 1 liquefied natural gas (LNG) plant when its 25-year contract with international investors including Exxon Mobil Corp and Total SE expires next year.

  • U.S. Oil Companies Lag Far Behind Greener Europe Rivals: Green Insight

    Europe’s largest oil and gas companies are leaving U.S. rivals further and further behind in the race to cut their reliance on fossil-fuel sales. Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp. and Chevron Corp. are among the laggards, according to newly released climate-transition scores from BloombergNEF and Bloomberg Intelligence.

  • Feuding Lebanese Politicians Dig In As Economic Crisis Deepens

    Hariri has insisted since he was tapped for the job in October that the next government should be comprised of nonpartisan experts able to manage the country’s worst financial crisis in decades. He has since clashed repeatedly with President Michel Aoun, who wants more say over the lineup and larger representation for his own political allies.

  • U.N. body raises global economic growth forecast for 2021 to 4.7% | Reuters

    The upwards revision from its previous forecast made last September factors in an expected boost in U.S. consumer spending on the back of progress distributing COVID-19 vaccines and a vast stimulus package, the report said.

  • Aramco’s entrepreneurship arm to support startups at Saudi Arabian industrial zones

    The entrepreneurship arm of Saudi Aramco, Wa’ed, has signed a memorandum of understanding (MoU) with the Royal Commission for Jubail and Yanbu (RCJY) to support the creation of new startups and small and medium-sized enterprises (SMEs) in Saudi Arabia’s two largest industrial cities. The MoU was signed by Wa’ed managing director, Wassim Basrawi, and RCJY general manager, Dr. Ahmed Zaid Al-Hussain, at a virtual ceremony.

  • Entrepreneurs in Saudi Arabia’s tourism sector get new boost

    As part of Saudi Arabia’s bold strategy to use tourism as an engine for economic change and boost growth an initiative has been launched to raise the profile of private enterprises in the sector. The Saudi Tourism Authority (STA) set up Tourism Shapers to promote the development of local trade partners in the private tourism sector. The initiative comes at a time where the Kingdom is developing its destination offering for local, regional and international tourists.

  • ‘Republic of Queues’: 10 years on, Syria is a hungry nation

    As Syria marks the 10th anniversary Monday of the start of its uprising-turned-civil war, President Bashar Assad may still be in power, propped up by Russia and Iran. But millions of people are being pushed deeper into poverty, and a majority of households can hardly scrape together enough to secure their next meal.