Dubai court convicts Saudi labour minister of fraud
A Dubai court convicted Saudi Minister of Labour Ahmed al-Rajhi of fraud and handed him a $450m fine (1.6 billion Emirati dirhams)…
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Economy
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Covid deals blow to Saudi Arabia’s G20 summit ambitions
When Saudi Arabia, the world’s top oil exporter and a leading US ally, took over the G20 presidency in December 2019, hopes…
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Reform rhetoric at odds with reality as Saudi Arabia hosts G20 summit
en months ago Saudi Arabia’s royal family anticipated hosting this weekend’s G20 summit in the belief that the gathering of world leaders…
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Amnesty International urges G-20 pressure on Saudi Arabia to release activists
Amnesty International called on Thursday for the G20 leaders to put pressure on the Saudi Arabian authorities to release “brave activists” who…
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Saudi Aramco forced to sell billions of dollars in bonds to maintain $75bn dividend
Saudi Aramco is to sell billions of dollars in international bonds in a bid to bolster its balance sheet and meet its…
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Over $27bn in loses in Saudi due to oil price crash
Saudi Arabia will lose more than 100 billion riyals (over $27 billion) in 2020 due to the fall in crude oil prices…
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Saudi Arabia’s economy shrinks for fifth consecutive quarter
Saudi Arabia’s economy has shrunk for the fifth consecutive financial quarter, estimates published yesterday by the General Authority for Statistics show. In…
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G20 urged to hold Saudi Arabia accountable over human rights abuses
Human Rights Watch (HRW) has urged G20 member states to pressure Saudi Arabia into releasing activists detained unlawfully and provide accountability for…
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Saudi Aramco’s Q3 profit drops by nearly 50%
Saudi Arabia’s oil and gas giant, Aramco, reported its third quarter profits with a net profit of $11.79 billion; a 44.6 per…
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Unofficial Saudi ban on Turkish exports hits fashion brands
An informal Saudi ban on Turkish products has hit the international fashion scene in the latest sign of escalating tensions between the…
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