Posts

Saudi Arabia pays $4.2bn in aid to its citizens

, , ,
SHAFAQNA - middle east monitor : Saudi Arabia has paid $4.2 billion to its citizens over seven months as part of the government’s Citizen Account Programme to support nationals in the face of rising energy prices and newly-imposed taxes, the Anadolu…

Saudi Arabia is feeling the pinch - The end of Al Saud supremacy?

SHAFAQNA - The Kingdom of Saudi Arabia—the long-time dictator of crude oil prices for the world—is struggling on all fronts. Risen a regional superpower, and somewhat of an international Leviathan on account its deep pockets have allowed…

What will oil price slump mean for the global economy?

SHAFAQNA - Oil hits new low of less than $32 per barrel and could plunge further, increasing pressure on US and Middle East producers. The current oil rout is now worse than any since 1970, with the price of Brent crude slumping from $115…