Saudi Arabia’s announcement appears to be aimed at bolstering oil prices as growth in demand remains modest.
Category: Middle East
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From Opposite Sides of War, a Hunt for Elusive Facts
The Israel-Hamas conflict has produced a prodigious amount of disinformation, putting people who fact-check claims — especially those who live in the region — back on their heels.
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War Has Already Hurt the Economies of Israel’s Nearest Neighbors
The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling.
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At Davos, War Is on the Agenda, but the Focus Is on A.I. and Elections
The leaders and executives gathering at the World Economic Forum are obsessed with elections and artificial intelligence, not Ukraine or Gaza.
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Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
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War-Inflicted Slowdown Ends Robust Year for Tourism in Middle East
Amid security concerns brought on by the Israel-Hamas conflict, international travel has shuddered to a halt in Israel and is falling in neighboring Jordan, Lebanon and Egypt.
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Risk of a Wider Middle East War Threatens a ‘Fragile’ World Economy
After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.
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Israel-Hamas War Adds to Surge in Global Weapons Sales
Israel’s conflict with Hamas, Russia’s invasion of Ukraine and the rise of China have brought a boom for weapons makers and a chance for Washington to build closer military ties to other countries.
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CEOs Weigh Dropping Out of ‘Davos in the Desert’
The Future Investment Initiative kicks off in Riyadh next week, with questions swirling over who will attend and who will drop out of the event.
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Oil Prices Jump on Fighting in Israel and Gaza
After flirting with $100 a barrel this summer, crude prices had fallen significantly in the past week on the expectation that demand was waning.