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Saudis confident China can conquer coronavirus

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud said on Monday the kingdom was closely monitoring developments in global oil markets resulting from “gloomy expectations” over the impact of the new coronavirus on the Chinese and global economy and oil market fundamentals. Prince Abdulaziz said he was confident the …

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Israel says its citizen can go to Saudi for first time

Israel on Sunday announced that it would permit Israeli citizens to travel to Saudi Arabia for the first time, under certain conditions that include Israeli entrepreneurs seeking investments, in a signal of warming ties. Israeli Interior Minister Aryeh Deri, after consulting the country’s security establishment, issued a statement saying that …

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Poland buying more from Saudi Aramco

Polish oil refiner PKN Orlen, said on Tuesday it would increase monthly crude oil purchases from Saudi Aramco to 400,000 from 300,000 tonnes as part of its efforts to diversify supply. Poland’s biggest oil refiner, which buys most of its oil from Russia via pipeline, has been receiving oil from …

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Russia wants to extend security network to Gulf states

Russia’s Foreign Minister Sergey Lavrov said on Wednesday Moscow has been urging Gulf countries to consider a common security mechanism for the region. “We have been suggesting to the Gulf countries to think about collective security mechanisms … starting with confidence building measures and inviting each other to military exercises,” …

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US keen on energy partnerships, eyes China, expanding NATO to Mideast

The United States is committed to regional political stability, a US State Department official underscored on Sunday. Francis Fannon, Assistant Secretary at the US State Department’s Bureau of Energy Resources, said that following his visit to the UAE last January, he is visiting the country again to “underscore the United …

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Saudi Arabia preparing for new renewable bid round

Saudi Arabia’s energy ministry has issued a request for qualifications from companies looking to taking part in the third round of its national renewable energy program, the state news agency SPA said on Thursday. The third round includes four solar photovoltaic projects with a combined generation capacity of 1,200 MW, …

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UN says Houthis not responsible for Aramco attack

Yemen’s Houthi group did not launch an attack on Saudi Arabia’s oil facilities in September, according to a confidential report by U.N. sanctions monitors seen by Reuters on Wednesday, bolstering a U.S. accusation that Iran was responsible. The United States, European powers and Saudi Arabia blamed Iran for the Sept. …

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Saudi in defence talks with Pentagon

Saudi Arabia’s Deputy Defense Minister Prince Khalid bin Salman, said in a tweet on Tuesday he met U.S. Secretary of defense Mark Esper and discussed mutual challenges faced by both countries. He also emphasized the importance of both countries’ ongoing military cooperation as it serves regional and international security. The …

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Yemeni faction pulls out of Riyadh agreement

Southern separatists in Yemen have pulled out of committees implementing a November agreement to end a power struggle in the south that had opened a new front in the country’s multifaceted war. The pact was reached after more than a month of indirect talks in Saudi Arabia. Under the deal, …

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More details emerge on Dammam terror incident

Secret memo reveals King Salman imposing unprecedented austerity on public-sector budget as oil price languishes at under half of break-even level

Two Saudi men shot dead last week in the eastern city of Dammam were driving a car loaded with explosives and were planning an “imminent terrorist operation”, the SPA state news agency said on Sunday, citing security forces. The two were found with explosive paste in the car, SPA said. …

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New Saudi gas project at Dorra

Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday a new project at the Dorra offshore gas field would start soon, Saudi newspaper Eqtisadiah reported. Prince Abdulaziz made the comments at the Khafji oil field complex in Saudi Arabia, a day after signing a deal with Kuwait that ended …

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Damman terror incident results in shooting of two terror suspects

Saudi security forces killed two “terrorists” on Wednesday after a shooting in a residential neighborhood in the eastern city of Dammam, state television al-Ekhbariya reported. “Two wanted terrorists were killed after exchanging fire with security forces,” al-Ekhbariya TV said, without giving further details. Calm was restored to the residential neighborhood …

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Kuwait and Saudi agree on oil-filled neutral zone

Kuwait and Saudi Arabia on Tuesday signed an agreement and a memorandum of understanding on dividing the Neutral Zone between the two countries which contains jointly operated oilfields, Kuwait’s state-run news agency (KUNA) said. There were no additional details on the agreement, which resolves a more than five-year dispute between …

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Turkey commited to Khashoggi case

Turkey will follow the case of Saudi journalist Jamal Khashoggi’s killing “regardless how it goes”, the country’s Communications Director Fahrettin Altun said on Tuesday, slamming Riyadh’s verdict in the “sham trial” as an insult to the intelligence of observers. Saudi Arabia on Monday sentenced five people to death and three …

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Qatar not keen on Aramco IPO

Why did Qatar pass up the chance to invest in Saudi Aramco? It’s the question on nobody’s lips, at least publicly, at the Doha Forum, the emirate’s annual bash for international politicians and investors taking place in its capital this weekend. That’s a pity. Unpacking why Doha didn’t buy into …

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Slight improvement in Saudi Aramco shares

Saudi Aramco’s 2222.SE shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company’s market value slightly below $2 trillion. Aramco’s shares closed at 36.8 riyals on Thursday after hitting earlier in the day the $2 trillion price tag long …

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Mohammed Dahlan a wanted man in Turkey

Turkey has added exiled Palestinian politician Mohammed Dahlan to its “red list” of most-wanted terrorism suspects, offering a reward of up to 10 million lira ($1.75 million) for information leading to his capture, the Interior Ministry said on Friday. Arrest warrants have been issued for Dahlan on accusations of playing …

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Saudi ambassador at Florida naval base

The Saudi ambassador to the United States visited a U.S. naval air station in Florida on Thursday to extend her condolences for a shooting attack by a Saudi Air Force officer that killed three people last week, the Saudi embassy said. The attack brought fresh complications to U.S.-Saudi relations and …

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UN cannot confirm Aramco attack came from Iran

The United Nations is “unable to independently corroborate” that missiles and drones used in attacks on Saudi oil facilities in September “are of Iranian origin,” Secretary-General Antonio Guterres told the Security Council on Tuesday. The United States, European powers and Saudi Arabia have blamed the Sept. 14 attack on Iran. …

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