Monday May 28 saw another price tumble for oil prices, after crashing down last Friday. The correction is mainly due to Saudi and Russia declaring their intent to increase oil supplies by some 1 million bpd as compensation to Venezuela’s output dropping to 1.5 million bpd in April, a fall of 260,000 b/d from January, …
Weeks after Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal, US secretary of state Mike Pompeo has threatened to impose some of the strongest sanctions on Iran. Terming them as ‘strongest in history’, Pompeo has urged Iran to immediately stop its missile tests, halt its entire nuclear programs and to withdraw its…
By Gareth Smyth In the same week during which US President Donald Trump replaced Secretary of State Rex Tillerson with CIA director Mike Pompeo, the Saudi cabinet approved its first national nuclear program on March 13, with 16 reactors costing $80 billion. While Riyadh has stressed the diversification of energy sources and its acceptance of…
By Al Emid The Kingdom of Saudi Arabia has undergone significant transformations in the relatively recent past. In 1927, the United Kingdom acknowledged the independence of the Kingdom of Hejaz and Najd, and, in 1932, the House of Saud proclaimed its unification as the Kingdom of Saudi Arabia under Ibn Saud. In 1945, then King…
Various burning issues ranging from ‘The Execution Challenge’, ‘Bureaucracy’, ‘The Private Sector’ and ‘Maintaining Momentum’, will be taken up during the Top CEO Conference & Awards event at King Abdullah Economic City, Jeddah, Saudi Arabia, on Wednesday. In its fourth edition, Top CEO Conference & Awards promises an exceptional opportunity to network, brainstorm and exchange…
The agenda has been released for the ‘Top CEO Conference and Awards’, which will return to the Kingdom of Saudi Arabia for the second time on 10th and 11th April at King Abdullah Economic City, and feature the ‘Top CEO Arab Women Forum’ for the first time. Under a ‘Paradigm Shift’ theme, business leaders and…
Traditional ways of looking at cyber security from a pure IT lens is no longer going to yield desired benefits. TRENDS talks to Raj Mehta, Partner, Deal Advisory, KPMG, on why this calls for an organizational shift in moving the cyber security function to a wider level in the organization. Mehta will be participating in…
Arab News has unveiled a new identity and a “2020 vision” to cement its positioning as the leading Middle East English-language daily. The newspaper, which is based in Saudi Arabia with bureaus across the world, also has a new tagline: The Voice of a Changing Region. The changes were unveiled at Arab News’ second International…
For the first time ever, the Kingdom of Saudi Arabia will host the “Arab Women Forum” as part of the fourth edition of the “Top CEO Conference and Awards,” which is set to return to the country for the second time on 10th and 11th April at King Abdullah Economic City. The new forum aims…
A massive economic diversification exercise is underway in the Middle East to gradually end dependency on fossil fuels for a sustainable future. One sector, which has immensely benefitted from the exercise is that of renewable energy. Over the years, it has not only emerged as a reliable and viable means to replace conventional energy sources,…
