Saudi Arabia seeks death penalty for five Khashoggi suspects BelfastTelegraph.co.uk Saudi Arabia has announced it will seek the death penalty against five suspects over the killing of Washington Post columnist Jamal Khashoggi. https://www.belfasttelegraph.co.uk/news/world-news/saudi-arabia-seeks-death-penalty-for-five-khashoggi-suspects-37677932.html https://www.belfasttelegraph.co.uk/news/world-news/article37677930.ece/6a22a/AUTOCROP/h342/bpanews_d4e72aa2-6391-49d1-8cd7-a29b969a4ccb_1 Email Saudi Arabia has announced it will seek the death penalty against five suspects over the killing of Washington Post columnist Jamal Khashoggi. The killing has seen members of Crown Prince Mohammed bin Salman’s entourage implicated in the writer’s death. Prosecutors said 11 suspects attended their first court hearing with lawyers, but the statement did not name those in court. It also did not explain why seven other suspects arrested over the October 2 killing at the Saudi … [Read more...] about Saudi Arabia seeks death penalty for five Khashoggi suspects
Saudi arabia oil news
Top oil exporter Saudi Arabia is expected to cut February prices for heavier crude grades sold to Asia due to weaker fuel oil margins, respondents to a Reuters survey said on Thursday, Trend reports referring to Reuters. Weak refining margins and an expected drop in Asia’s crude demand during second-quarter refinery maintenance were also factors that may prompt Saudi Arabia to cut prices in February, the respondents said. The official selling prices (OSPs) for Arab Medium and Arab Heavy crude grades are expected to fall by up to 50 cents a barrel in February from the previous month, according to the four refiners participating in the survey. “Arab Heavy was too expensive in the past few months,” said one of the respondents who expected a price cut of 50 cents. Typical margins at a complex refinery in Singapore DUB-SIN-REF averaged about $2.84 a barrel in December, the lowest since August 2013, data on Refinitiv Eikon showed. A 15-cent drop in the price spread between … [Read more...] about Saudi Arabia may cut February heavy crude prices to Asia
It is traditional, at this time of year, for travel sections to run articles discussing new or pertinent destinations for the coming 12 months. Some of them will be well-known sun-spots given fresh relevance by a hotel opening or a resort renovation. Some will be intriguing locations and alluring cities given an extra gleam by a major anniversary. And some will be niche corners of the planet whose inclusion on any list may make the reader shake their head, and wonder if the writer in question has lost touch with reality. Saudi Arabia would certainly fall into this third category. And yet here we are, at the dawn of 2019, and the idea of a week in this desert sand-zone is being quietly mooted. Before we go any further, we should stress that this article is not saying you should go to the Middle Eastern kingdom. It is merely discussing the fact that people are. This week, the news agency Reuters has reported on what it described as the first "trickle" of western tourists into Saudi … [Read more...] about Could you ever really consider Saudi Arabia as a holiday destination?
Foreign investment in Saudi Arabia more than doubled in 2018 to 13 billion riyals ($3.5 billion), its economy and planning minister said on Wednesday, despite a global furor following the murder of journalist Jamal Khashoggi in October, Trend reports referring to Reuters. Foreign investors have been rattled in recent weeks by the kingdom’s deteriorating relations with Western governments after the killing in the Saudi consulate in Istanbul of Khashoggi, a Washington Post columnist and critic of Crown Prince Mohammed bin Salman. Economy and planning minister Mohammed al-Tuwaijri made no mention of the Khashoggi murder. He said foreign investment in 2018 rose 110 percent from the previous year. He was speaking at a news conference a day after Riyadh unveiled plans to increase state spending by 7 percent next year to bolster growth crimped by low oil prices. Foreigners sold billions of riyals in Saudi stocks in October, one of the biggest selloffs since the market opened to direct … [Read more...] about Foreign investment in Saudi Arabia more than doubled in 2018: minister
OPEC heavyweight Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to low oil prices. The new budget comes with the oil-rich kingdom reeling under strong international pressure over the murder of journalist Jamal Khashoggi and the war in Yemen as it seeks to attract foreign investment to diversify its economy away from oil. The world's largest crude exporter is also bracing for difficulties in 2019 as oil prices are expected to remain week after shedding a third of their value since early October despite producers having decided to cut output from January. Saudi Arabia projects a deficit of $35 billion next year, or 4.6 percent of gross domestic product (GDP), about 32 percent lower than the estimated deficit of $52 billion for 2018. Spending is estimated at $295 billion, the largest in the oil-rich kingdom's history, while revenues, mostly from oil, are estimated at $260 billion, up 24 percent on 2018 estimates, … [Read more...] about Saudi Arabia raises spending in new deficit budget