by WorldTribune Staff, November 18, 2016 Saudi Arabia is about to reveal a state secret that it has kept the lid on since the 1980s – the true amount of its oil reserves. The kingdom will make the disclosure as it prepares for the 2018 initial public offering (IPO) of Saudi Aramco that could bring […]
by WorldTribune Staff, November 9, 2016 The rift between Egypt and Saudi Arabia appeared to widen on Nov. 8 when the Saudis indefinitely halted oil shipments to Cairo. Saudi King Salman in April agreed to provide Egypt with 700,000 tons of refined oil products per month for five years but the shipments stopped arriving in […]
by WorldTribune Staff, November 3, 2016 Egypt, looking elsewhere to fill its energy needs amid a row with Saudi Arabia, signed an agreement with a Kuwaiti firm that will give Cairo a 20 percent stake in an Iraqi oil field. Kuwait Energy Plc signed an agreement with Egypt General Petroleum Corp. (EGPC) for a 20 […]
by WorldTribune Staff, November 1, 2016 Amid an economic downturn at home, Saudi Arabia for seven consecutive months has failed to send a monthly payment of $20 million to the Palestinian Authority. The Palestinian Authority (PA) Finance Ministry said the cumulative total of Saudi aid that has not yet been transferred to the Treasury in […]
by WorldTribune Staff, October 26, 2016 Saudi Arabia has halted its $20 million monthly payment to the Palestinian Authority (PA). The PA said the Saudi government gave no reason for cutting off the funding, which began six months ago. Some sources believe the funding cut was due to a falling out between Riyadh and PA […]
by WorldTribune Staff, October 20, 2016 A member of the Saudi royal family who was convicted of murder has been executed. Prince Turki bin Saud bin Turki bin Saud Al-Kabeer was executed on Oct. 18, the Saudi Interior Ministry said in a statement. The last time a member of the Saudi royal family was put […]
by WorldTribune Staff, October 10, 2016 Iran-backed Houthi rebels fired two missiles at a U.S. Navy vessel off Yemen’s southern coast on Oct. 9. The attempted strike on the guided missile destroyer USS Mason, which was first reported by Reuters, came just a week after a United Arab Emirates vessel came under attack from Houthis. […]
by WorldTribune Staff, October 3, 2016 Saudi Arabia has one of the highest rates of divorce in the world. In the kingdom, which follows strict guidelines of Wahhabi Islam, 30 percent of marriages now end in divorce. “The society and laws (of Saudi Arabia) prevent any kind of interaction between males and females (before marriage), […]
by WorldTribune Staff, September 30, 2016 A U.S. law allowing victims of the September 11, 2001 terrorist attacks to sue Saudi Arabia will lead to “disastrous consequences,” the kingdom warned on Sept. 29. The House of Representatives approved the Justice Against Sponsors of Terrorism Act (JASTA) earlier this month. It was passed by the Senate […]
by WorldTribune Staff, September 28, 2016 The unwritten rule in Saudi Arabia’s labor force has long been that private sector employees, in return for lifetime employment, would look the other way as public sector elites collected massive salaries and huge bonuses and enjoyed lavish perks. As the price of crude oil continues to plunge, however, […]
