Articles by admin

Why Is Venezuela Still Sending Subsidized Oil To Cuba?

Authored by Haley Zaremba via Oilprice.com, In the past, oil has accounted for 96 percent of Venezuela’s exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions,…



Culture authority showcases Saudi creativity in Portugal

Author:  ARAB NEWS ID:  1531855760307865900 Tue, 2018-07-17 22:28 JEDDAH: The General Culture Authority is taking part in the “Kingdom of Saudi Arabia: Culture and Heritage” exhibition, organized by the King Abdul Aziz Research Center (Darah)…



Saudi Arabia to set up trial courts near women facilities

Author:  ARAB NEWS ID:  1531855683907857100 Tue, 2018-07-17 22:27 JEDDAH: The Saudi Supreme Judicial Council has decided to set up trial offices for traffic violations and accidents next to facilities where women are detained. This initiative…



Russia Liquidates Its US Treasury Holdings

Last month we showed that as Trade Wars began in April, the world’s central banks and other official institutions dumped more Treasuries than in any month since January 2016, some $48.3BN, perhaps over concerns of…



WTI Drops After Surprise Crude Build

Oil prices rebounded to unchanged intraday on hopes that tonight’s API data would show a notable draw and recover the momentum in energy markets. However, WTI dropped as API reported a surprised crude build of…