The New Arab Logo

Breaking News

Donald Trump's Middle Eastern policy has emboldened many Gulf Arab monarchies.

Saudi Crown Prince Mohammed bin Salman and President Vladimir Putin 'agreed on the importance of all oil-producing countries to continue co-operating and abiding by the Opec+ agreement'.

Global oil demand to recover by 2022: <em>Aramco</em>

The New Arab Staff & Agencies

Global oil demand to recover by 2022: Aramco

Aramco's chief executive predicted the crude oil market could recover to pre-coronavirus levels by 2022, however the International Energy Agency said it would take at least a year longer.

Prominent Saudi economist sentenced to 15-year imprisonment: report

The New Arab Staff

Prominent Saudi economist sentenced to 15-year imprisonment: report

Essam Al-Zamil, who once criticised plans to sell Saudi Arabia’s state-owned Aramco oil company, was sentenced to 15 years in prison, ...

Saudi Arabia slams oil producers for flouting production cuts

The New Arab Staff

Saudi Arabia slams oil producers for flouting production cuts

Saudi Arabia is pushing for countries that have flouted the supply curb agreements to compensate with new limits.

Sabena Siddiqui

Could Saudi Arabia be parting ways with Pakistan?

Riyadh's passive stance on Kashmir has caused a rift with Pakistan as changing regional alliances threaten their strategic relationship.

The New Arab Staff & Agencies

Saudi Aramco chief sounds optimistic over oil demand rise

The head of Saudi Aramco said Monday he was optimistic that the global demand for oil was growing as the worst of the coronavirus ...

Jonathan Fenton-Harvey

Why the UAE seeks stronger ties with Iran

Comment: As the UAE moves out of Saudi Arabia's shadow, its developing ties with Iran are not as surprising as some might suggest, writes ...

The New Arab Staff & Agencies

Saudi Aramco profits dive 73% following oil price slump

Saudi Arabia's national oil company has announced a huge quarterly loss in profits, due to low oil prices and reduced demand

Yemen's Houthis down 'US spy drone' near Saudi border

The New Arab Staff

Yemen's Houthis down 'US spy drone' near Saudi border

A US spy drone was downed by Yemen's Houthis near the border with Saudi Arabia, the rebels said on Sunday.

The New Arab Staff

Saudi officer arrested for patrolling Mecca streets on camel

Saudi police were quick to arrest a security officer for patrolling the streets of Mecca on a camel, videos circulating online showed.

Saudi Arabia considering income tax and asset sales

The New Arab Staff

Saudi Arabia considering income tax and asset sales

Saudi Arabia has suffered from low oil prices and the coronavirus epidemic.

Houthis have 'bank of targets' in Saudi, UAE, Israel

The New Arab Staff

Houthis have 'bank of targets' in Saudi, UAE, Israel

Abdullah Yahya Al-Hakim, chief of Houthis' intelligence and reconnaissance body, said the rebel group has a bank of vital targets in Saudi ...

Yemen's Houthis claim strike on Saudi oil facility

The New Arab Staff

Yemen's Houthis claim strike on Saudi oil facility

A coronavirus ceasefire for Yemen has broken apart.

China and Iran's strategic partnership: A zero sum game?

Omid Shokri Kalehsar

China and Iran's strategic partnership: A zero sum game?

Analysis: China and Iran's bilateral relationship is gaining strategic significance.

The New Arab Staff & Agencies

Missiles used to attack Saudi Arabia were Iranian –UN

A new report by UN Secretary-General Antonio Guterres says that missiles used for devastating strikes on Saudi oil facilities and an airport were made in Iran or exported there.

Jonathan Fenton-Harvey

Taking stock of the anti-Qatar blockade three years later

As the Gulf crisis enters its fourth year, fake news and hostile narratives run rife in the region hindering attempts to salvage the GCC's ...

The New Arab

Saudi Vision 2030 takes $8bn cut as austerity bites

Saudi Arabia's much-hyped modernisation programme has taken a substantial funding cut as the kingdom's finances suffer from the ...

The New Arab & agencies

Saudi Aramco posts 25 percent slump in profits

The world's largest listed firm posted a net profit of 62.5 billion riyals ($16.66 billion) in the three months to March, compared to $22.2 ...

The Middle East at war with coronavirus

The New Arab

The Middle East at war with coronavirus

In today's roundup: Iran re-opening mosques, free flights for healthcare workers, Gulf states reaching out to Israel, a new lockdown for Lebanon ...

The New Arab & agencies

Saudi slashes another million barrels from daily oil output

The Kingdom has asked oil giant Aramco to cut its output by an additional one million barrels per day, starting in June.

Saudi markets reel after tripling of VAT

The New Arab

Saudi markets reel after tripling of VAT

Monday’s austerity measures are valued at around 100 billion royals ($26.6 billion).

Saudi chemical giant SABIC posts another loss

The New Arab & agencies

Saudi chemical giant SABIC posts another loss

SABIC, one of the world's largest chemical firms, said it made a loss of 950 million riyals ($253 million) in the first quarter of 2020.

Oil prices, coronavirus could lead to Saudi austerity drive

The New Arab

Oil prices, coronavirus could lead to Saudi austerity drive

Saudis may have to tighten their belts as low oil prices and coronavirus lockdowns hit.

Most Popular

Most Popular