Saudi Arabia might not be able to afford its multibillion dollar mega-projects
By Irina Slav, OilPrice.com From Business Insider Saudi Arabia has invested in a flurry of multi-billion dollar projects. Most people think it is an extremely rich nation that can afford these projects, even without its oil giant Aramco. But that…
OPEC’s new price hawk: Saudi Arabia seeks $100 oil
From Newsmax Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the…
Yemen rebel ballistic missile ‘intercepted over Riyadh’
From BBC The Saudi-led coalition battling Yemen’s Houthi rebels says it has intercepted a ballistic missile near Riyadh, Saudi state media report. Witnesses in the Saudi capital posted pictures on social media showing a cloud of smoke in the air,…
Saudi Arabia arrests one of tech’s biggest investors
By Jon Fingas From engadget Saudi Arabia is in the midst of a crackdown on alleged corruption, and its dragnet has caught one of the tech world’s most important investors: the country has arrested Prince al-Waleed bin Talal over money…
Harriet Fear Davies returns to [Devereaux] Chambers after 129 day trial in Cayman Islands
From Devereaux Harriet has returned to her normal London-based practice after the conclusion of the trial in AHAB v Al Sanea and others. The case arises from the collapse of Ahmad Hamad Al Gosaibi & Brothers (AHAB) in Saudi Arabia…
US Rejects UN Resolution Condemning Death Penalty For LGBTQ People, Other Groups
By Chris D’Angelo HuffPost From Yahoo News US Rejects UN Resolution Condemning Death Penalty For LGBTQ People, Other Groups The United States joined countries like Iraq and Botswana in voting against a United Nations resolution that, among other things, condemns…
The waning power of the petrodollar
By Jamie McGeever From Reuters UK LONDON (Reuters) – When the Federal Reserve begins reducing its holdings of U.S. Treasuries as expected later this year, some of the most consistent buyers of U.S. bonds over the last 15 years may…
Fees over collapse of Al-Gosaibi Saudi business empire ‘could hit $1 billion’ [biggest trial in the history of Cayman Islands]
By Frank Kane From Arab News DUBAI: Lawyers, accountants and other professional advisers stand to make up to $1 billion in fees as a result of the collapse of the Saudi Arabia-based Al-Gosaibi business empire in 2009, one of the…
Oil dips on concerns about rising U.S. output, OPEC tensions
By Stephen Eisenhammer, Reuters From Times of India LONDON (Reuters) – Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output….
The FBI is helping Qatar get to the bottom of a ‘hack’ into state media
By David Harding, AFP From Business Insider Doha (AFP) – The FBI is helping Qatar investigate the source of an alleged “hack” of state media which sparked diplomatic tensions in the Gulf, a source with knowledge of the probe said…
