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Turkey to Move Trial of Khashoggi Suspects to Saudi Arabia
A Turkish court has decided to transfer the trial of 26 Saudis accused in the gruesome killing of Jamal Khashoggi to Saudi Arabia, raising fears that those responsible for the death of the Washington Post columnist won’t be brought to justice for a crime that drew international outrage
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Ukraine-Russia Crisis Is Driving Countries to Explore New Ways of Pricing Oil, Qatar Says
Qatar’s foreign minister said some countries were considering a “parallel system” of pricing oil, as the economic impacts of the Ukraine crisis hit home.
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Yemen's Houthis Claim Attack on Aramco Facility After Reports of a Huge Fire in Saudi City of Jeddah
The Iran-backed Houthis claimed they were behind the strike with a military spokesperson adding that they had also used drones to hit the Ras Tanura and Rabigh refineries, according to Reuters.
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Oil Market Heads for ‘Biggest Supply Crisis in Decades' With Russia's Exports Set to Fall, IEA Says
The International Energy Agency said 3 million barrels per day of Russian production could be lost beginning next month, squeezing an already tight global oil market.
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Saudi Arabia Puts 81 People to Death in Mass Execution
Saudi Arabia killed 81 people in a mass execution Saturday, leading to protests and condemnation outside the kingdom.
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US Sends 9/11 Suspect Home From Guantanamo for Mental Treatment
A Saudi prisoner at the Guantanamo Bay detention center who was suspected of trying to join the 9/11 hijackers has been sent back to his home country for treatment for mental illness.
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OPEC+ Agrees Gradual Output Hike Despite Oil Price Rally, Intensifying Russia Supply Fears
It comes as crude prices rally to multi-year highs on supply disruption fears and Russia’s intensifying war with Ukraine.
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Drone and Missile Attacks on the UAE Shows Its Strengths More Than Vulnerabilities, Security Analysts Say
Emirati officials reject that their country’s reputation as an isle of stability is being threatened.
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Now Is ‘Perfect Time' for a Second Saudi Aramco Public Listing, Former Executive Says
With international benchmark Brent crude trading at seven-year highs, some in the industry see now as the optimum time to make such a move.
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OPEC+ Agrees on March Output Rise Amid Oil Price Rally, Defying Pressure From U.S., India
OPEC and non-OPEC partners, an influential energy alliance known as OPEC+, swiftly decided to green-light the return of 400,000 barrels per day for March.
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Saudi Arabia's Benchmark Index Is Holding Steady at 15-Year Highs
Sentiment is bullish on the back of brisk economic activity, strong corporate profits and “very high oil prices,” Nomura’s Tarek Fadlallah said.
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Yemeni Rebels Say Saudi-Led Airstrike on Prison Killed 70
A Saudi-led coalition airstrike targeting a prison run by Yemen’s Houthi rebels has killed at least 70 detainees and wounded dozens
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Sequoia Capital India Makes Gulf Debut With $33 Million Investment in Saudi Fintech Lean Technologies
Riyadh and London-based Lean Technologies launched its platform in 2019, enabling third-party financial services providers to access their customer’s bank data.
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UAE Vows Retaliation for Houthi-Claimed Attack, But Questions Emerge Over Potential Iran Role
In an area home to some of the world’s largest oil producers and key shipping routes, the uptick in tensions is likely to keep crude markets on edge.
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Oil Hits Seven-Year High as Houthi Attack on UAE Rattles Regional Tensions
International benchmark Brent crude was trading at $87.75 on Tuesday at 11 a.m. in Abu Dhabi, its highest level since 2014.
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Three Dead, Six Injured in UAE Fuel Tanker Explosions Claimed by Yemen's Houthis: State News Agency
Yemen’s Houthi rebels have claimed an attack in Abu Dhabi that resulted in three fuel tanker explosions near state oil firm ADNOC’s storage facilities.
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Saudi Arabia Hires PR Veteran and Former Katie Couric Producer for Media Consulting
Saudi Arabia hired public relations veteran Nicolla Hewitt as a freelance media consultant.
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OPEC+ Agrees Oil Output Hike From February as Omicron Covid Cases Soar
Oil prices climbed more than 50% last year, with energy investors optimistic that the highly infectious omicron variant may be less severe than feared.
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E-Scooter Firm Lime Plans Aggressive Middle East Expansion
Mobility start-up Lime is planning to launch its e-scooter and e-bike rental service across the Middle East over the next two years.
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Over 40 Camels Barred From Saudi Beauty Contest Over Use of Botox
Saudi media says that authorities have conducted their biggest-ever crackdown on camel beauty contestants that received Botox injections and other artificial touch-ups