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Any move by Iran to close Strait of Hormuz unacceptable - senior U.S. official

Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday. The official, who briefed a small group of reporters on condition of anonymity, said President Donald Trump is confident that Saudi Arabia and the United Arab Emirates will fulfill their pledges to make up the difference in oil for the eight countries that had received wai...


US Won’t Renew Sanctions Waivers For Nations Importing Iranian Oil, Including Allies

WASHINGTON (AP) — The Trump administration is poised Monday to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran. Secretary of State Mike Pompeo plans to announce that the administration will not renew sanctions waivers for the five countries when they expire on May 2, three U.S. officials said. The others are China and India. It was not immediately clear if any of the five would be g...
Tags: News, AP story, Iran, Mike Pompeo, Cristina Cabrera


#Saudi can raise oil output but will assess impact of Iran waivers ending: source - Reuters

Saudi can raise oil output but will assess impact of Iran waivers ending: source - Reuters:Saudi Arabia is willing to compensate for any potential loss of crude supply if the U.S. ends waivers granted to buyers of Iranian oil, but the kingdom will assess the impact on the market before raising its output, a source familiar with Saudi thinking told Reuters on Monday.The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source ...


Saudi can raise oil output but will assess impact of Iran waivers ending: source

Saudi Arabia is willing to compensate for any potential loss of crude supply if the U.S. ends waivers granted to buyers of Iranian oil, but the kingdom will assess the impact on the market before raising its output, a source familiar with Saudi thinking told Reuters on Monday.
Tags: businessNews


GCC debt market continues to be strong - The Peninsula Qatar

GCC debt market continues to be strong - The Peninsula Qatar:Sovereign bond issuances dominated GCC’s debt market activity in the first quarter of 2019, with notable multi-tranche issuances by the State of Qatar and the Saudi Arabia.The PwC GCC Capital Market Watch for Q1, 2019 noted that Qatar issued $12.0bn worth of sovereign bonds in three tranches: a $6.0bn tranche with a coupon rate of 4.8 percent, maturing in 30 years; a $4.0bn tranche with a coupon rate of 4.0 percent, maturing in 10 year...


Abu Dhabi Staycation

It's been a long few months and I'll go into some of my Saudi Arabia travels in a future blog but for the moment I will go into a much needed weekend of fun rest and friends. Fortunately at the last minute our company gave us Sunday off for Easter s


#Saudi Recruiter Said to Plan Share Sale as Early as Next Week - Bloomberg

:Saudi Arabia’s Maharah Human Resources is seeking to raise more than $200 million in an initial public offering that’s likely to start next week, according to people familiar with the matter.Maharah plans to offer 30 percent of its existing share capital to investors through a listing on the kingdom’s stock exchange, the people said, asking not to be identified because the matter is private. The offering will be open to both institutional and retail investors, the people said. [Author: norep...


Iraq hosts regional rivals Iran and Saudi Arabia at conference

Iraq hosted senior parliamentary officials from arch-rivals Saudi Arabia and Iran on Saturday as Prime Minister Adel Abdul Mahdi sought to bolster his country's nascent role as a mediator in the region. Abdul Mahdi recently returned from visits to Iran and Saudi Arabia, both oil-super-powers that have long been vying for dominance in the Middle East. It is unusual for Saudi and Iranian officials to attend the same events.


Why my friend Loujain al-Hathloul deserves to stand front and center -- and free

Loujain al-Hathloul's work and positive vision for women's equality -- not just her suffering while incarcerated in Saudi Arabia -- should earn her Nobel Peace Prize, says her friend, Urooba Jamal.


Iraq to host regional rivals #Iran and #SaudiArabia at conference - Reuters

Iraq to host regional rivals Iran and Saudi Arabia at conference - Reuters:Iraq will host senior parliamentary officials from arch-rivals Saudi Arabia and Iran on Saturday as Prime Minister Adel Abdul Mahdi seeks to bolster his country’s nascent role as a mediator in the region.Delegations including the heads of parliament from Turkey, Kuwait, Syria and Jordan will also attend the one-day conference in the Iraqi capital to discuss regional security, diplomacy and economic issues.Abdul Mahdi rece...


Iraq summit brings together rivals Saudi Arabia and Iran

BAGHDAD (AP) — A summit organized by Iraq is bringing together regional rivals Saudi Arabia and Iran to bridge relations and invest in Iraq. Iraqi Parliament Speaker Mohamed al-Halbousi is heading the one-day summit between Iraq and its six neighbors: Syria, Saudi Arabia, Iran, Turkey, Jordan, and Kuwait. The summit underlines a shift to Iraq’s […]
Tags: Nation


Iraq to host regional rivals Iran and Saudi Arabia at conference

Iraq will host senior parliamentary officials from arch-rivals Saudi Arabia and Iran on Saturday as Prime Minister Adel Abdul Mahdi seeks to bolster his country's nascent role as a mediator in the region. Delegations including the heads of parliament from Turkey, Kuwait, Syria and Jordan will also attend the one-day conference in the Iraqi capital to discuss regional security, diplomacy and economic issues. Abdul Mahdi recently returned from visits to Iran and Saudi Arabia, both oil-super-powe...


Why #SaudiArabia needs dollars to kick its oil habit

Why Saudi Arabia needs dollars to kick its oil habit:The major headline out of Saudi Arabia last month was that the country's big state-owned oil company, Saudi Aramco, bought 70 percent of the country's big state-owned petrochemical company, the Saudi Basic Industries Corporation. ("Sabic," for short.) What's more, they carried out the purchase in U.S. dollars.Off the top of your head, that might sound weird: What's the point of one government-owned entity buying another? And why use U.S. dolla...
Tags: Travel, Saudi Arabia, Saudi Aramco, Rupert Neil Bumfrey, Saudi Basic Industries Corporation Sabic


Oil prices inch up on signs of tightening global supply - Reuters

Oil prices inch up on signs of tightening global supply - Reuters:Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday’s five-month high of $72.27. Brent saw a weekly gain of 0.6 percent, marking the fourth consecutive weekly rise for the international benchmark.U.S. West Texas...
Tags: Travel, Saudi Arabia, Opec, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Oil prices inch up on signs of tightening global supply

Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
Tags: Money, Saudi Arabia, Opec, businessNews


Oil prices little changed despite Saudi export cuts, U.S. stocks draw

Oil futures held steady on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. oil inventories supported prices, while a strengthening dollar kept futures in check.
Tags: Money, Saudi Arabia, Opec, businessNews


2 Saudi women seek asylum in Georgia, claiming oppression

TBILISI, Georgia (AP) — Two sisters from Saudi Arabia are applying for asylum in the country of Georgia after saying they fled there because of fear of their own family. The sisters, Maha and Wafa Alsubaie, attracted attention this week when they established a Twitter account in which they said they came to Georgia because […]
Tags: News, Saudi Arabia, Georgia, Nation, Tbilisi, Maha, Georgia AP, Wafa Alsubaie


Oil prices steady despite Saudi export cuts, U.S. inventory draw

Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check . Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT (1524 GMT), up 8 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures were down 10 cents at $63.66 a barrel.
Tags: Science, Saudi Arabia, Opec


Slowing growth creates challenges for #Saudi jobs market | ZAWYA MENA Edition

Slowing growth creates challenges for Saudi jobs market | ZAWYA MENA Edition:Growth in Saudi Arabia’s economy will slow slightly this year, creating a challenge in terms of generating enough jobs for its citizens, an economist has told Zawya.A new Economic Insight: Middle East Q1 2019 report published by accountancy body ICAEW (Institute of Chartered Accountants in England and Wales) and Oxford Economics said that it expects economic growth in the Kingdom to slow marginally in 2019 to 2 percent,...
Tags: Travel, England, Wales, Saudi Arabia, Kingdom, Middle East, Organization of the Petroleum Exporting Countries, Oxford Economics, Rupert Neil Bumfrey, Zawya, ICAEW Institute of Chartered Accountants


Iraqi PM Abdul Mahdi met Saudi crown prince in Riyadh

Iraqi Prime Minister Adel Abdul Mahdi met with Saudi Arabia's Crown Prince Mohammed bin Salman, his office said on Thursday, a day after his first official visit to the kingdom which has been wooing Baghdad to stem the influence of Tehran. Abdul Mahdi's meeting with the crown prince came after he met King Salman on Wednesday.
Tags: Science, Saudi Arabia, Tehran, Baghdad, Riyadh, Mohammed bin Salman, Salman, Adel Abdul Mahdi, Abdul Mahdi


Two More Saudi Sisters Appeal for Help, Joining a Growing Number of Runaways from the Kingdom

They have fled to the republic of Georgia and claim they will be killed if sent home
Tags: News, Saudi Arabia, Kingdom, Uncategorized, Georgia, Overnight, Onetime


Business Quietly Returns to #SaudiArabia After Khashoggi’s Murder - The New York Times

Business Quietly Returns to Saudi Arabia After Khashoggi’s Murder - The New York Times:Six months after agents from Saudi Arabia murdered and dismembered the writer Jamal Khashoggi, companies are no longer shying away from the Arab kingdom.The movie theater giant AMC says it is moving ahead with ambitious expansion plans for dozens of cinemas there. Hundreds of investors thronged last week to place $100 billion in orders for the first international bond sale tied to Saudi Arabia’s state-backed o...
Tags: Travel, Google, Saudi Arabia, Amc, New York Times, Rupert Neil Bumfrey, Khashoggi, Jamal Khashoggi


COLUMN-White House will tie Iran sanctions review to response by #SaudiArabia: Kemp - Reuters

COLUMN-White House will tie Iran sanctions review to response by Saudi Arabia: Kemp - Reuters:The White House will have to weigh costs and benefits carefully before tightening sanctions on Iran and Venezuela further – and decide whether the economic price is worth the diplomatic gains.If the White House toughens sanctions on Iran and Venezuela significantly (and the next decision on Iran sanctions is scheduled for the first week of May) any decision is likely to be tied to production increases b...
Tags: Travel, Saudi Arabia, White House, Iran, Venezuela, Rupert Neil Bumfrey, Saudiarabia, Kemp Reuters


Trump's Yemen veto could mean a high court fight

On Tuesday, President Donald Trump vetoed a bipartisan congressional resolution that would have forced his administration to end military support for Saudi Arabia in the war in Yemen. This resolution was the first time that Congress has invoked the 1973 War Powers Resolution (often referred to as the "War Powers Act"), which limits the President's ability to commit US forces abroad without congressional approval.
Tags: News, Congress, Saudi Arabia, US, Stories, Yemen, Donald Trump, Trump


Opinion: Trump's Yemen veto sets stage for potential Supreme Court confrontation

On Tuesday, President Donald Trump vetoed a bipartisan congressional resolution that would have forced his administration to end military support for Saudi Arabia in the war in Yemen. This resolution was the first time that Congress has invoked the 1973 War Powers Resolution (often referred to as the "War Powers Act"), which limits the President's ability to commit US forces abroad without congressional approval.
Tags: News, Supreme Court, Congress, Saudi Arabia, US, Stories, Yemen, Donald Trump, Trump


How Did Tech Billionaires’ Favorite Dem Become Bernie Sanders’ Co-Chair?

A few weeks before Sen. Bernie Sanders (I-VT) launched his presidential campaign, he and Rep. Ro Khanna (D-CA) went out for what Khanna thought was going to be a late lunch focused on policy strategy. Over plates of greasy Chinese food, Khanna and Sanders talked about how technology and artificial intelligence are disrupting the economy and driving income inequality, how to help workers affected by those changes, their shared push to end U.S. involvement in the Yemen civil war, and Sanders’ br...
Tags: Amazon, Facebook, News, Yahoo, Obama, Congress, California, Washington, Saudi Arabia, Senate, White House, America, San Francisco, Barack Obama, Walmart, European Union


Business Quietly Returns to Saudi Arabia After Khashoggi’s Murder

Six months after agents from Saudi Arabia dismembered the writer Jamal Khashoggi, investors are no longer shying away from doing business with the kingdom.
Tags: News, Saudi Arabia, Saudi Aramco, Google Inc, Foreign Investments, JPMorgan Chase & Company, SOFTBANK Corporation, Mohammed bin Salman (1985-, Khashoggi, Jamal Khashoggi


MIDEAST STOCKS-Oil lifts most of Gulf, top lender weighs on Egypt - Reuters

MIDEAST STOCKS-Oil lifts most of Gulf, top lender weighs on Egypt - Reuters:Saudi Arabia's stock market rose onWednesday on the back of its banks as rising oil prices liftedmost major Gulf markets, while Egypt was partly dragged down byits biggest lender Commercial International BankBrent oil hit a 2019 high above $72 a barrel on Wednesday,propelled by steady economic growth in China and a fall in U.S.crude stocks.Saudi's index rose 1.1 percent for its biggestone-day gain in two and a half month...
Tags: Travel, Saudi Arabia, China, Egypt, Gulf, Egypt Reuters, Rupert Neil Bumfrey, Al Rajhi Bank, National Commercial Bankgained


Trump’s veto over Yemen is a scandalous abuse of presidential power | Simon Tisdall

The US could have distanced itself from a murderous war. Instead, Trump’s unholy alliance with the Saudis continuesExpected or not, Donald Trump’s veto of a bipartisan Congressional resolution to end US military involvement in Saudi Arabia’s murderous war in Yemen is an outrage. It will prolong the unspeakable suffering of millions of Yemeni civilians, the blameless victims of Riyadh’s vicious proxy war with Iran and its Houthi allies.Yet Trump’s uncaring arrogance also threatens the US itself. ...
Tags: Republicans, Saudi Arabia, US, UK News, World news, US foreign policy, US news, Iran, Middle East and North Africa, Yemen, Donald Trump, Trump, Riyadh, Congressional, Mueller, Simon Tisdall


Iraqi PM Abdul Mahdi meets Saudi King Salman on first visit to Saudi Arabia

Iraqi Prime Minister Adel Abdul Mahdi made his first visit to Saudi Arabia since taking office six months ago, meeting King Salman during the stop on a regional tour that has also seen visits to Cairo and Tehran in recent weeks. Abdul Mahdi has said Iraq would maintain strong ties with Iran, but also with the United States and regional neighbors, many of which, like Saudi Arabia, consider Tehran a foe.
Tags: Science, Saudi Arabia, Iraq, Iran, United States, Tehran, Cairo, Salman, Adel Abdul Mahdi, Abdul Mahdi