KSA, Nigeria Discuss Oil issues, Agree on Price Stabilization

Saudi Deputy Oil Minister Prince Abdulaziz bin Salman and Nigerian Oil Minister Emmanuel Ibe Kachiwkuto met in Riyadh to discuss the oil market with both parties agreeing that consultations and cooperation between all oil producers are the best way to Read more

Iran is a Danger to Bahrain, Interior Minister

Bahrain’s Interior Minister, Sheikh Rashid Al Khalifa, expounded before clerics, members of parliament and newspapers’ editors in chief the “dangers” posed to Bahrain by some countries, singling out Iran due to its detrimental actions targeting the kingdom’s security and stability. Read more

Syria: UN Secretary General Decries Backlog

UN Secretary General Ban Ki-moon warned that “escalated military activity by several parties” and threats of the use of force “risk derailing efforts to find a sustainable political solution” in Syria. In a report to the Security Council on the Read more

GCC: Bahrain, Oman and KSA Downgraded by S&P

Most oil dependent countries have been downgraded by Standards and Poor’s rating agency and some Gulf countries were among those affected recently with their ratings reduced by 2notches. The agency cited that the falling oil prices contributed to the decision Read more