Author: Steven Sahiounie

RIYADH: Promising Jordanian firms are set to have access to new financing with the launch of a private sector fund, backed by 16 local banks. 

RIYADH: Omani firms eyeing Saudi expansion will now find it easier to enter the thriving market, thanks to Sohar International obtaining a no-objection certificate from the Kingdom’s central bank.  

RIYADH: Emerging property trends will take the spotlight, emphasizing innovations and sustainable solutions, as 300 speakers from 85 countries convene for the Real Estate Future Forum in Riyadh. 

RIYADH: Saudi Aramco on Sunday cut the February official selling price for its flagship Arab Light crude to Asian customers to the lowest level in 27 months, according to an official statement. The oil giant reduced the price for February-loading Arab Light to Asia by $2 per barrel from January to $1.50 a barrel versus the Oman/Dubai average. The price cut is in line with market expectations, as refiners called for competitive prices from Saudi Arabia compared to crude oil supplied from other Middle Eastern producers and the arbitrage cargoes from the Atlantic Basin. The Asian physical oil market softened…

Iraq aims to rely on domestic production to meet local demand

The Council on American-Islamic Relations (CAIR) said US President Joe Biden should speak out against Israeli war crimes and the killing of journalists. “Yet all we hear from administration officials are denials of the obvious genocide taking place and actions in support of that genocide, forced starvation and ethnic cleansing,” CAIR Deputy Director Edward Ahmed Mitchell said in a statement. “The majority of Americans reject the Biden administration’s hypocritical and inhumane stance on the unfolding genocide in Gaza. It is time for President Biden to align his statements and actions with the will of the American people and call for…

Prolonged disruption in the Red Sea could eventually have a major impact on energy markets

The country’s state oil giant says negotiations with protesters to resume operations are ongoing

Screens normally displaying departure and arrival times instead displayed message attacking Hezbollah leader Hassan Nasrallah , according to the Associated Press. “Hassan Nasrallah, you will no longer have supporters if you curse Lebanon with a war for which you will bear responsibility and consequences,” the message read. The messages were displayed alongside logos from a Christian group known as Soldiers of God and another group calling itself The One Who Spoke. However, the former denied its involvement. Source: AlJazeera

Jordan’s foreign minister Ayman Safadi on Sunday strongly criticized Israel’s ongoing military actions in Gaza, describing them as “barbaric aggression” and warning of a potentially dangerous escalation in the region.Speaking to Jordan News Agency, Ayman Safadi said Israel is killing innocent people, depriving over 2.3 million Palestinians of water, food and medicine, and attempting to displace them.“Jordan, with all its capabilities, will counter the Israeli government’s attempts to displace Palestinians inside and outside their homeland,” he said, adding that the kingdom considers attempts to displace people to be a war crime.A future security-based approach to Gaza, according to Safadi, would…