Saudi Arabia, Qatar raise repo rates while Turkey stays put

Central Banks in the Middle East are responding to the US Federal Reserve raising interest rates due to rising inflation.

Saudi Arabia

Analysis

Lawmakers call for probe as arms purchasers target US-based dissidents

Democratic lawmakers are seeking a congressional watchdog study on how the State Department is tracking extraterritorial harassment by countries that benefit from US security assistance or arms, including Egypt, Saudi Arabia and Turkey.

By Elizabeth Hagedorn

In Washington, DC, reporting on diplomacy, regional politics, human rights

Saudi GDP grew 3.2% in 2021, highest in seven years

Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly.

Saudi Arabia

Analysis

Saudi considering China’s yuan for oil purchases

Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Saudi cooperation with China continues with finalization of long-planned refinery deal

Saudi oil giant Aramco has made a few agreements with Chinese companies in recent years.

Saudi Arabia

UAE sticks to OPEC+ production limits

The Biden administration is asking Gulf partners to increase production in response to rising oil prices, but so far the cartel is holding to its earlier agreement.

United Arab Emirates

Analysis

Saudi Central Bank extends guaranteed financing program for small businesses

The program encourages Saudi banks to loan to small businesses by guaranteeing a portion of the funds, and was launched in response to the coronavirus-related economic downturn in Saudi Arabia.

By AL-MONITOR Staff

Oil prices, Saudi Aramco shares soar as Ukraine fighting continues

Saudi Arabia, Russia and other major oil producers have so far declined to increase production despite pleas from the United States.

Saudi Arabia

Electric SUV race coming to Saudi Arabia’s NEOM

Crown Prince Mohammed bin Salman has prioritized investing in new types of sports as part of his Vision 2030 initiative.

Saudi Arabia

Emirates airline to boost Saudi tourism

The Dubai-based carrier has signed an agreement with the Saudi Tourism Authority to bring international travelers to Saudi Arabia.

Saudi Arabia

Gulf foreign ministers, GCC chief visit China for talks

GCC Secretary General Nayef Falah Al-Hajraf said the five days of meetings will "contribute to enhancing GCC-Chinese relations."

Saudi Arabia

Ethiopia detaining Tigrayans deported from Saudi Arabia, rights group says

Human Rights Watch urged Ethiopia to release the arbitrarily detained Tigrayans and called on Saudi Arabia to stop its deportations.

Saudi Arabia