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The head of Saudi Aramco said Monday he was optimistic that the global demand for oil was growing as the worst of the coronavirus pandemic "might be behind us".

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 Jonathan Fenton-Harvey.

Saudi <em>Aramco</em> profits dive 73% following oil price slump

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.

Saudi officer arrested for patrolling Mecca streets on camel

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.

The New Arab Staff

Saudi Arabia considering income tax and asset sales

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

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 ...

The New Arab Staff

Yemen's Houthis claim strike on Saudi oil facility

A coronavirus ceasefire for Yemen has broken apart.

Omid Shokri Kalehsar

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

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

Missiles used to attack Saudi Arabia were Iranian –UN

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 ...

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 ...

Saudi Vision 2030 takes $8bn cut as austerity bites

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 ...

Saudi <em>Aramco</em> posts 25 percent slump in profits

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 ...

Saudi slashes another million barrels from daily oil output

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.

The New Arab

Saudi markets reel after tripling of VAT

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

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.

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.

The New Arab

Trump to 'look at' halting incoming Saudi oil shipments

During a press briefing, US President Donald Trump said he would consider stopping Saudi Arabian oil imports, adding the US has "plenty of oil".

Saudi <em>Aramco</em> will supply 8.5m barrels per day

The New Arab & agencies

Saudi Aramco will supply 8.5m barrels per day

The drop comes following a vicious price war between Saudi Arabia's state oil company and Russia.

The New Arab

Saudi police bust illegal hand sanitiser factory, arrests workers

Saudi Arabia's ministry of commerce busted an illegal hand sanitiser factory on Tuesday.

Saudi Arabia's faltering divide and rule strategy in Yemen

Jonathan Fenton-Harvey

Saudi Arabia's faltering divide and rule strategy in Yemen

While seeking to keep Yemen weak and divided, yet with no real long-term plan for its political future, Saudi Arabia has inadvertently limited ...

Coronavirus pandemic halts work on Saudi futuristic city NEOM

The New Arab

Coronavirus pandemic halts work on Saudi futuristic city NEOM

Saudi Arabia had big plans for its flagship megaproject NEOM, but the science fiction-like idea has drifted further from reality amid the ...

Yemen in Focus: UN's lax approach 'emboldens Houthi violence'

Sana Uqba

Yemen in Focus: UN's lax approach 'emboldens Houthi violence'

This week we focus on the response to an uptick in Houthi violence, the release of hundreds of prisoners, and more.

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