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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.

The move was a key demand by the International Monetary Fund.

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 ...

Ronaldo rejects offer to become face of Saudi tourism

The New Arab Staff

Ronaldo rejects offer to become face of Saudi tourism

In another attempt to use elite sports to promote its image globally, Saudi Arabia offered footballing start Cristiano Ronaldo £5.3 million to ...

Alessandra Bajec

Tunisia's revolutionary demand for economic justice remains unmet

In-depth: The political freedoms of Tunisia's revolution have not brought economic equality, with wealth still concentrated in the hands of a small elite.

The New Arab Staff

Saudi Arabia reshuffles $360 billion sovereign wealth fund's management

Riyadh's reshuffle at the PIF comes as the $360 billion fund looks set to dramatically increase domestic spending.

The New Arab Staff & Agencies

Saudi Arabia plans spending cuts to trim deficit

Saudi Arabia has been grappling with a budget deficit since oil prices first plunged in 2014.

Alessandra Bajec

UAE plan to 'modernise' checkpoints could entrench Israel's occupation

In-depth: An Israeli-Emirati investment fund could be used to upgrade military checkpoints across the West Bank. Palestinians ...

Arab-Americans, it's time to flip Ohio blue

Laila Ujayli

Arab-Americans, it's time to flip Ohio blue

Comment: As Arab-Americans, we feel the sting of both Republican and Democrat foreign policy failures personally. But now is no time for voter ...

The New Arab Staff

Women golfers urged to skip Saudi tour

A coalition of NGOs have called on organisers and participants to scrap this year's Ladies European Tour golf week in Saudi Arabia.

Saudi Arabia could buy stake in UAE supermarket chain

The New Arab Staff

Saudi Arabia could buy stake in UAE supermarket chain

Lulu is one of the biggest supermarket chains in the Gulf region.

First arrests in Iraq PM's anti-corruption drive: sources

The New Arab Staff & Agencies

First arrests in Iraq PM's anti-corruption drive: sources

The arrests represent a rare instance in which current Iraqi officials are subject to judicial procedures.

Premier League denies Newcastle's claim Saudi-led takeover was rejected

The New Arab Staff & Agencies

Premier League denies Newcastle's claim Saudi-led takeover was rejected

Newcastle United had said the English Premier League leadership had rejected a Saudi bid to take over the club, but the league says it could ...

Saudi-Israel ties in the spotlight after UAE normalization deal

The New Arab Staff & Agencies

Saudi-Israel ties in the spotlight after UAE normalization deal

Despite the fact that Saudi Arabia has made no official comment on the UAE’s normalization deal with Israel, its covert ties to Israel are now ...

Austin Bodetti

Islam and eco-theology: The future of environmentalism

Eco-theology has the potential to reshape environmental protection in the Middle East.

The New Arab Staff

Kuwait bans flights to 31 'high risk' countries

Flights from at least 31 'high risk' countries will no longer be permitted to land in Kuwait, authorities said, as the Gulf state continues to ...

The New Arab Staff & Agencies

US to put up $2.1 billion for coronavirus vaccine

Pharmaceutical giants Sanofi and GSK will receive up to $2.1 billion from Washington to help develop a new coronavirus vaccine.

Rami G. Khouri

To fix Arab societies, just listen to Arab citizens

Comment: International actors like the UN who want to help should listen more earnestly to what Arab men, women, and desperate youth have been ...

Saudi-backed bid for Newcastle United withdrawn: reports

The New Arab Staff & Agencies

Saudi-backed bid for Newcastle United withdrawn: reports

The controversial £300 million buy-out bid had been the subject of intense speculation since its announcement in 2019.

The New Arab Staff & Agencies

Malaysia's ex-PM guilty in 1st trial for 1MDB looting

Prosecutors said the case had "tarnished the country's image as a kleptocracy" and sought a deterrent sentence to remind those in ...

Kuwait general reserves plummet by third after coronavirus lockdowns

The New Arab Staff

Kuwait general reserves plummet by third after coronavirus lockdowns

Low oil prices and coronavirus lockdowns have forced the Kuwaiti government to tap into reserves.

Saudi Arabia's MbS demands $15 billion from jailed prince

The New Arab Staff

Saudi Arabia's MbS demands $15 billion from jailed prince

Saudi prince Mohammed bin Nayef, jailed earlier this year, is facing major corruption charges.

Egypt arrests doctors, silences critics over coronavirus outbreak

The New Arab Staff & Agencies

Egypt arrests doctors, silences critics over coronavirus outbreak

Despite an ongoing deadly coronavirus outbreak, Egypt has imposed a crackdown on health workers deemed to be critical of the Sisi regime.

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