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  • Saudi-EU
    EU mulls adding Saudi Arabia to money-laundering gray list

    The European Union is preparing an overhaul of its listing of countries that pose money-laundering risks, an EU confidential document shows, a review that could allow Saudi Arabia to be moved to a new gray list after having been briefly blacklisted.

  • Qatar
    Chevron Phillips, Qatar Petroleum sign $8 billion petrochemical deal

    Chevron Phillips Chemical and Qatar Petroleum signed an agreement on Tuesday to develop an $8 billion petrochemical plant along the U.S. Gulf Coast, the second pact between the companies to build such plants in the last few weeks. The U.S. Gulf Coast II Petrochemical Project will include a 2,000 kilotons per year (KTA) ethylene cracker and two 1,000 KTA polyethylene units. The plant will mostly make hard plastics for everything from pill bottles to coolers to kayaks.

  • Islamic State
    Trump Administration Pushes Europe to Try ISIS Suspects

    Some 2,000 suspected fighters from dozens of countries, including hundreds from Europe, languish in Kurdish detention in northeastern Syria, and the Trump administration has been pushing its democratic allies to bring them home to face justice. Although Donald Trump himself vowed during his campaign to use the prison at Guantánamo Bay—which remains open but hasn’t taken in any new prisoners since 2008—and “load it up with some bad dudes,” his administration’s actual policy has been far more humane and measured.

  • GCC-EU
    Why the GCC and EU should restart negotiations on a free trade agreement

    Since the negotiations ten years ago, both parties’ interests in an FTA have changed. The GCC’s economic reality is now fundamentally different. Whereas previously the GCC’s interests in a deal may have been driven by the desire to forge stronger political ties with the EU, in the era of Vision 2030 the GCC is primarily motivated by economic interests.

  • Investment
    Deutsche Bank Saudi executive to join Alwaleed’s Kingdom Holding

    Tamim Jabr, the chief executive of Deutsche Securities Saudi Arabia, a unit of Deutsche Bank, will join Prince Alwaleed bin Talal’s investment firm Kingdom Holding, two sources familiar with the matter said.

  • Saudi-Kuwait
    Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks

    Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in recent talks, according to people familiar with the matter. While Kuwait and Riyadh haven’t yet reached a final agreement, in a recent meeting the Middle East nations made significant progress in resolving sovereignty issues that have thwarted negotiations in the past, the same people said, asking not to be named discussing diplomatic talks.

  • Euro Bond
    Saudi Arabia raises 3 billion with debut euro bond

    Saudi Arabia has raised 3 billion euros from over 14.5 billion worth of orders for it first bond denominated in euros, as the kingdom taps new financing sources to cover its budgetary needs in an era of lower oil prices.

  • Iran Nuclear Agreement
    Europeans urge Iran to abide by nuclear pact; Israel says preparing military

    European signatories to a nuclear pact with Iran said on Tuesday they were “extremely concerned” by Tehran’s apparent breach of the 2015 deal, as Israel said it was preparing for possible involvement in any confrontation between Iran and the United States.

  • Banking and Finance
    Saudi Arabia Wades Into Euro Bond Market as Part of Borrowing Spree

    Saudi Arabia plans to issue a debut euro-denominated bond, part of a borrowing binge to meet the government’s ambitious spending targets. The bond is aimed at diversifying Saudi Arabia’s investor base, following predominantly dollar debt that has catapulted the kingdom up the ranks of emerging-market bond issuers. Subject to market conditions, Saudi Arabia is seeking to issue the bond in tranches of eight and 20 years, according to a marketing document provided by one of the arrangers Monday. The exact timing of the issuance isn’t clear.

  • Debt Finance
    Saudi Arabia widens funding base with dual-tranche debut euro bond

    Saudi Arabia has hired a group of banks including Goldman Sachs and Societe Generale to arrange a global investor call ahead of an issuance of euro-denominated bonds, its first in that currency, as the kingdom seeks to diversify its investor base.