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A Houthi military spokesman tweeted an image that matched Aramco's North Jeddah Bulk Plant, saying the rebels had fired a new Quds-2 cruise missile at the facility.

Ten vessels are under investigation as possible culprits.

Aramco seeks extension on $10 billion loan: sources

The New Arab Staff

Aramco seeks extension on $10 billion loan: sources

Aramco asks banks to extend by a year a $10 billion loan it raised last May, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt.

US in balancing act as Saudi prince spared sanctions

The New Arab Staff & Agencies

US in balancing act as Saudi prince spared sanctions

A US decision to spare Saudi Arabia's Crown Prince Mohammed bin Salman over the killing of Jamal Khashoggi has frustrated campaigners.

Venezuela 'swaps' jet fuel for Iran's gasoline

The New Arab Staff

Venezuela 'swaps' jet fuel for Iran's gasoline

Iran is allegedly receiving jet duel from Venezuela in exchange for gasoline as part of a 'swap deal' concocted by both countries’ oil ...

The New Arab Staff & Agencies

Israel shuts Mediterranean shore after oil devastates coast

The offshore oil spill has deposited dozens of tons of tar across the coastline.

The New Arab Staff & Agencies

Saudi Arabia pushes companies to move headquarters to kingdom

Saudi Arabia will stop doing business with foreign companies with regional headquarters outside the kingdom starting in 2024, state media said.

The New Arab Staff & Agencies

Red Sea reefs 'under threat' from Israel-UAE oil deal

Israeli environmentalists are warning that a UAE-Israeli oil pipeline deal threatens unique Red Sea coral reefs and could lead to "the ...

The New Arab Staff & Agencies

Algerian president returns from Germany after post-Covid surgery

Algerian President Abdelmadjid Tebboune returned home after a stay in Germany for surgery following post-coronavirus complications.

Fresh Tunisia protests break out in impoverished south

The New Arab Staff & Agencies

Fresh Tunisia protests break out in impoverished south

Youths blocked roads in Tunisia's marginalised Tataouine region to protest the government's inability to provide work and investment.

Fuad Shahbazov

Why is Azerbaijan trying to rekindle Israeli-Turkish ties?

Analysis: Warming ties between Israel and Turkey is of particular interest to Baku given the emergence of a new geopolitical order in the South ...

IMF says vaccines to fuel Mideast recovery

The New Arab Staff & Agencies

IMF says vaccines to fuel Mideast recovery

The International Monetary Fund has warned that a delay to the rollout of a Covid-19 vaccine with further hurt the region's economies.

Yemen rebels 'ready' for UN mission to repair tanker

The New Arab Staff & Agencies

Yemen rebels 'ready' for UN mission to repair tanker

Houthi rebels said they are 'ready' to allow a UN mission to inspect a fuel tanker that has been abandoned since 2015 and can cause a massive ...

Saudi will sell more shares of energy giant Aramco

The New Arab Staff & Agencies

Saudi will sell more shares of energy giant Aramco

The Saudi Crown Prince has revealed that more Aramco shares are up for grabs after the company went public in 2019.

Saudi Arabia hosts 'Davos in Desert' amid pandemic

The New Arab Staff & Agencies

Saudi Arabia hosts 'Davos in Desert' amid pandemic

Saudi Arabia will host a two-day Davos-style investment forum with dozens of global policy makers and business tycoons lined up to speak at the ...

The New Arab Staff & Agencies

Moscow, Tehran call for 'rescue' of Iran nuclear deal

Russia and Iran's top diplomats held their first talks since the change in US administrations raised hopes of Washington returning to the deal.

The New Arab Staff & Agencies

Iran asks Indonesia for clarification regarding tanker seizure

Iran has asked Indonesia to clarify why it seized an Iranian-flagged oil tanker on Sunday, saying it had received ‘contradictory ...

The New Arab Staff & Agencies

Indonesia seizes Iranian and Panamanian oil tankers

Indonesia has seized an Iranian and a Panamanian oil tanker suspected of illegally transporting oil off the coast of Borneo ...

The New Arab Staff & Agencies

Oman bars expats from certain jobs amid economic downturn

Expatriates in Oman will be banned from certain jobs in an effort to create more employment opportunities for its citizens.

Libya <em>oil</em> output makes high-stake but fragile return

The New Arab Staff & Agencies

Libya oil output makes high-stake but fragile return

Libya has increased its oil production tenfold, but this is still below the levels of the Gaddafi era, experts say.

The New Arab Staff & Agencies

In Iraq, bird flu decimates chicken coops

An outbreak of bird flu has killed tens of thousands of hens in a rural province north of Baghdad.

Syria temporarily cuts supplies of fuel to meet shortages

The New Arab Staff & Agencies

Syria temporarily cuts supplies of fuel to meet shortages

Long lines have formed outside of gas stations and bakeries as the government rationed what it has, further deepening the crunch felt by Syrians.

<em>Oil</em> rises amid Saudi cuts and US Capitol storming

The New Arab Staff & Agencies

Oil rises amid Saudi cuts and US Capitol storming

Oil rose globally amid shocking scenes in the US capital and the anticipated confirmation of Biden's election win.

Dollar down as Democrats close in on Senate

The New Arab Staff & Agencies

Dollar down as Democrats close in on Senate

The value of the dollar fell as Democrats claimed the first of two key election runoffs that edged them closer to taking control of both houses ...

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