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Saudi Arabia’s budgetary deficit is set to continue to the next fiscal year after recording a $98billion deficit in 2015 with oil revenues providing 72% of the country’s income, compared to 87% last year, despite the drastic fall of prices. Read more
Former Yemeni president Ali Abdullah Saleh who is an ally to the Houthi Movement told members of the General People’s Congress (GPC) party on Sunday that dialogue with the “escapees” will end when the war stops and talks should rather Read more
A day after King Salman of Saudi Arabia pledged that investments of the oil rich Kingdom in Egypt including aid to reach at least $8 billion within the next five years, the deputy crown prince Muhammad Bin Salman met with Read more
The diplomatic ties between Baghdad and Riyadh have been reignited with the arrival of Saudi embassy officials in the country on Tuesday and the Ambassador is expected to land on Thursday. The diplomatic relations between the two Arab countries was Read more
Saudi Arabia’s crown prince and defense minister Mohammed bin Salman told reporters that 34 countries from different regions have decided to join an international military alliance dedicated to fight against terrorism under the leadership of Riyadh. The announcement means that Read more
Coalition forces have taken over the Yemeni Red Sea archipelago after a long battle with the movement and their allies withthe Saudi State television reporting that the forces have “cleansed Greater Hanish”; the biggest island in the archipelago. The Houthis Read more
The conference of Syrian forces that will kick-off in Saudi on Wednesday already started to divide opposition forces as displeasure over the list of invitees increases with the Kurdish armed groups holding a two-day rival conference that began on Tuesday Read more
After the meeting in Vienna of the Oil Producing Exporting Countries (OPEC) held last week ended with member countries deciding not to reduce output leading to a further drop of oil prices to around $43 a barrel, Saudi Arabia which Read more
Member countries of the Organization of Petroleum Exporting Countries (OPEC) are meeting this Friday in Vienna to discuss the organization’s policies especially the low hydrocarbon prices but a change is not expected as they continue to disagree over the approach Read more
Peace will return to Syria only when the West and its Middle East allies stop supporting the terrorists battling the Syrian regime. The statement was made by the controversial Syrian leader Bashar Assad in an interview aired Tuesday by the Read more