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  • Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Saudi Arabia’s National Commercial Bank

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with the National Commercial Bank (NCB), a bank headquartered in Jeddah, Saudi Arabia. NCB agreed to remit $653,347 to settle its potential civil liability for 13 apparent violations of the Sudanese Sanctions Regulations, or section 2(b) of Executive Order (E.O.) 13582 of August 17, 2011, “Blocking Property of the Government of Syria and Prohibiting Certain Transactions With Respect to Syria."

  • Oil rises on hopes U.S. pandemic stimulus to spur fuel demand

    Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude climbed 52 cents, or 1%, to $51.38 a barrel, and U.S. West Texas Intermediate (WTI) crude futures added 53 cents, or 1.1%, to $48.15 a barrel.

  • Iran To Get 150,000 Doses Of Pfizer Vaccines From ‘Philanthropists’ In U.S.

    “According to arrangements made with a group of philanthropists in the U.S., 150,000 doses of [Pfizer] coronavirus vaccines are expected to enter the country,” Red Crescent Director Karim Hemmati told the semi-official Tasnim news agency on December 28. He added that the vaccines will be distributed based on the priorities set by the Health Ministry. He did not provide more details.

  • U.S. Politics: In crucial Georgia run-off, Perdue questions Ossoff’s dealings with Qatar

    Jon Ossoff has served as the CEO of Insight TWI, a British documentary company, since 2013. One of the company’s many clients has been Al-Jazeera English, a division of a Qatar-owned satellite television network, the Atlanta Journal-Constitution reported.

  • China’s November U.S. oil imports near record, Saudi imports up 43% on month

    China’s crude oil imports from the United States soared 13 fold in November from a year earlier to the third highest on record, customs data showed on Friday, as companies accelerated energy purchases set out under a trade deal with Washington.

  • Audio: Saudi Arabia Rethinking Relationship With U.S. Under Biden

    The young prince wants to make things easier. He's often viewed as dogmatic, but in reality, I think he's quite flexible. Trump is out, and I think he's adjusting to a Biden administration.

  • U.S. considers closing Iraqi embassy as anniversary of Soleimani killing nears

    The United States is considering quickly closing its embassy in Baghdad after a series of rocket attacks on Iraq's Green Zone by Iranian-backed militias, according to two sources familiar with the discussions.

  • Gulf states wary of U.S.-Iran tensions ahead of Biden’s inauguration

    The UAE and Saudi Arabia will be closely monitoring any moves from Washington and Tehran over a delicate few weeks ahead.

  • U.S. Arms Sale to Saudis Advances Amid Uproar Over Smart Bombs

    The State Department notified Congress that it’s moving to issue a license for the sale of 7,500 precision-guided, air-to-ground munitions valued at $478 million to Saudi Arabia, according to two officials familiar with the issue. Raytheon Technologies Corp. can sell the weapons directly to the Saudi government after receiving the license, which will likely be issued before the Biden administration takes office Jan. 20. Details of the proposed sale were informally briefed to lawmakers in January and drew the criticism of Democratic lawmakers who declined to clear the license.

  • Saudi, U.S. Forces Conduct Joint Aviation Integration Exercise in Arabian Gulf

    The Royal Saudi Air Force (RSAF), Royal Saudi Naval Force (RSNF), U.S. Naval Forces Central Command (NAVCENT) and U.S. Air Forces Central (AFCENT) conducted a robust combined joint air operations in support of maritime surface warfare (AOMSW) exercise in the Arabian Gulf Dec. 17-18. This exercise marks the fifth joint and combined integration operation this year. Previous exercises incorporated U.S. Air Force AC-130 gunships in March, U.S. Army attack helicopters in April, aircraft from the United Arab Emirates Joint Aviation Command in August and U.S. Air Force F-15E Strike Eagles in September.