Saudi Arabia business conditions ‘Quite challenging,’ Emirates NBD says
05 February 2019 | 1:17 pm
Khatija Haque, head of Middle East and North Africa research at Emirates NBD, talks about the Saudi and U.A.E economies, and oil supply.
The massive oil spill from 480,000 liters leaking off the Orange County coast is slowly moving south, threatening marine-protected areas as well as popular beaches. On the coastline of South California, most beaches are closed, with efforts to clean areas impacted by the oil ongoing.
Nigeria's dependence on crude oil makes its economy vulnerable. But the transition to an economy not based on oil won't be easy.
Icy relations between Saudi Arabia and Iran are thawing — and may lead to renewed bilateral ties. Realistically, diplomatic offices might open soon but it is unlikely that the countries will become close allies.
Saudi Arabia is creating the "world's first tourism destination on offshore platforms" as part of a drive to diversify the economy away from oil. The Rig will be an oil-themed “extreme park” that will be sitting atop a converted oil rig in the Arabian Gulf.
Saudi Arabia, the world's top oil exporter, aims to achieve net zero carbon emissions by 2060, says Crown Prince Mohammed bin Salman, days before the COP26 global climate summit. In March, Saudi Arabia unveiled a sweeping campaign to tackle climate change and reduce carbon emissions, including a plan to plant billions of trees in the coming decades.
Africa's abundant sunshine is ideal for renewable energy production. But the continent relies heavily on crude oil. Experts warn that the economy will continue to suffer if governments don't wean themselves off of oil.
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The WikiLeaks' founder is currently fighting an appeal by Washington to extradite him back to the US. Assange's legal team has rejected US assurances that he won't be sent to a "Supermax" prison.
The Lebanese ambassador has been asked to leave Saudi territory within 48 hours. The move comes after Lebanon's information minister criticized the Saudi-led war against Iran-backed Houthis in Yemen.
The explosion, in the capital, Freetown, happened as large crowds gathered to collect leaking fuel. The oil tanker was damaged earlier in an accident with a bus.
In an interview with FRANCE 24, Saudi Arabia's foreign minister, Prince Faisal bin Farhan Al Saud, said talks with Iran would continue and that an additional round of negotiations between the regional rivals was expected soon.
Saudi Arabia is offering residents and tourists a unique safari experience in the desert of its capital Riyadh, at a site now home to 700 animals native to Africa. Lions and tigers are just a few of the animals that were flown in from outside the kingdom to the 175,000 square metres stretch of land that is now a safari park, where visitors seated in a vehicle can see them, some for the very first time.
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