Saudi Arabia will significantly scale back construction of the futuristic Neom development after raising concerns from government officials over costs and repeated delays, according to a report. The main project, which was scheduled for completion in 2030, contained plans for a city called The Line consisting of a vast stretch of 500 meter skyscrapers in … Read more
Saudi Arabia’s sudden enthusiasm for developing its vast shale resources – led by the giant Jafurah basin – is rooted in a heady mix of energy security, export optimization and geopolitical positioning. Riyadh wants to reduce still-burning crude for energy, free up more barrels for export at a time of tight OPEC+ management, and secure … Read more
Saudi Arabia has given the Palestinian Authority £68m to avoid bankruptcy, after Israel refused to hand over the taxes it collects on behalf of the governing body. Teachers and other public servants in the West Bank have not been paid in full for months, with some not receiving any money at all. Under the Oslo … Read more