Tag Archives: Saudi Arabia

The Saudi Development and Reconstruction Program for Yemen (SDRPY) launched a program late March aimed at beautification, environmental sanitation and cleaning of the Yemini city of Aden. The 3-month initiative, called ‘Beautiful Aden’, will be carried out in cooperation with the Cleaning and Improvement Fund in Aden (CIFA). By Emad …

President Vladimir Putin will meet the heads of Russia’s top oil companies for talks on Friday, the Kremlin said, describing the atmosphere on the global market as “unfavourable”. Kremlin spokesman Dmitry Peskov told reporters on a conference call that the meeting would be held in the same format as one …

Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude LCOc1 was up by 61 cents, or 2.7%, at $23.37 …

A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus. A pact between the Organization of the Petroleum Exporting Countries and other …

Countries around the world on Saturday continued to close borders, impose strict entry and quarantine requirements and restrict large gatherings in efforts to contain the spread of the new coronavirus. Apple Inc (AAPL.O) said it will close all its retail stores worldwide, outside Greater China, until March 27. Apple reopened …

By Seyed Hossein Mousavian   Once the situation is de-escalated, there could be a chance for a breakthrough in relations, especially after upcoming presidential elections Since the 1979 Islamic Revolution, containment has been the default Iran policy of every US administration. Presidents, both Democrat and Republican, have pursued an ill-advised …

By Dr. Haytham Mouzahem   Saudi Arabia will adopt a new solar technology to desalinate seawater at Neom, a mega-city that it is developing along the country’s northern Red Sea coast. Last month NEOM announced that it will rely on a pioneering solar technology to produce clean, low-cost, environmentally friendly …

Saudi Aramco has received orders worth 144.1 billion riyals ($38.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Monday. The institutional bookbuilding began on Nov. 17 and investors have until Dec. 4 to place orders. Aramco plans …

Saudi Arabia’s vice minister of defense visited Oman on Monday and met with ruler Sultan Qaboos, Omani state news agency ONA reported, following a deal to end a power struggle in the south of Yemen. The Saudi defense ministry said Prince Khalid bin Salman, a son of the king, would …

Iranian President Hassan Rouhani will present a plan for creating security in the Gulf in cooperation with other countries in the region when he attends the United Nations General Assembly in New York this week. Saudi Arabia and the United States accuse Iran of attacking Saudi oil facilities on Sept. …

By Seyed Hossein Mousavian The underlying assumptions on the part of Trump administration to withdraw from the Joint Comprehensive Plan of Action (JCPOA) were the following: 1) by implementing the “maximum pressure” policy, Iran’s oil exports would reach zero; its financial transactions would be fundamentally hindered and Iran’s economy would collapse; …

The UAE will host an Economic, Investment and Trade Forum in Beijing on Monday. Celebrating the 35th anniversary of the close relations between the two countries, the event will promote cooperation for future generations, inspired by the bilateral strategic partnership. The forum during the three-day China visit of His Highness …

Delegation of Ajlan & Bros Holding Group (Saudi Arabia) led by Сhairman Sheikh Mohammed bin Abdulaziz Al Ajlan arrives in Tashkent. According to the Embassy of Uzbekistan in Saudi Arabia, which organized the visit, Ajlan & Bros is one of the leading companies in production of classic Arab men’s clothing, …

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today received Turki Bin Abdullah Al Dakheel, the Saudi Ambassador to UAE, and discussed means for fostering cooperation ties between the two countries. The meeting focused on prospects for economic collaboration between the two …

The Saudi-led military coalition vowed to respond firmly to a missile attack by Yemeni Houthi forces on a civilian airport in southern Saudi Arabia on Wednesday which wounded 26 people. The Western-backed, Sunni Muslim alliance that has been battling the Iran-aligned Houthi movement in Yemen said the early morning attack …

Yemen’s Iran-aligned Houthi movement launched multiple drone attacks targeting Jizan airport in Saudi Arabia near the border with Yemen, a tweet on Sunday by the group’s TV Al-Masirah said. The attacks targeted Saudi drone bunkers and stations in the airport, it added. There was no Saudi confirmation of the attacks. …

Billionaire Jim Ratcliffe’s INEOS said on Monday it would invest $2 billion to build three plants that would form part of petrochemical complex being developed in Saudi Arabia by state-owned Saudi Aramco and France’s Total. INEOS’ plants would be part of a $5 billion complex called Project Amiral that aimed …

The Palestinian cause represents a core issue for the Organisation of Islamic Cooperation, Saudi King Salman said in his speech during to the Organisation of Islamic Cooperation (OIC) summit in Mecca on Saturday, adding the kingdom “refuse any measures that touch the historical and legal position of East Jerusalem”. (This …

Democrats on the U.S. House intelligence panel will investigate U.S. President Donald Trump’s response to the murder of journalist Jamal Khashoggi as part of a “deep dive” next year into U.S.-Saudi Arabia ties, the committee’s incoming head said in a report published on Friday. The committee will investigate the U.S. …

Donald Trump’s comments about Jamal Khashoggi’s killing show the U.S. president will turn a blind eye to the issue no matter what investigators uncover, Turkey’s foreign minister said on Friday. On Tuesday, Trump vowed to remain a “steadfast partner” of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin …

Saudi Aramco will sign five crude oil supply agreements with Chinese customers, it said in a statement on Wednesday, taking the volume of its 2019 China crude oil supply agreements to 1.67 million barrels per day. Source: Reuters

Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct two nuclear plants, was proceeding at an excellent pace according to plan, according to Al-Arabiya. No further …

Germany has issued entry bans for 18 Saudi citizens suspected of involvement in the killing of journalist Jamal Khashoggi in Riyadh’s Istanbul consulate, effectively banning them from the European Union’s passport-free Schengen zone. Monday’s move represents a sharpening of the position of Germany, which last month imposed a ban on …

The United States imposed economic sanctions on 17 Saudi officials on Thursday for their role in the killing of Saudi journalist Jamal Khashoggi, as Saudi Arabia’s public prosecutor sought the death penalty for five suspects in the murder. The U.S. Treasury Department sanctions were the first concrete response by the …

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right. Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, …

Saudi Arabia is not preparing for a break up of OPEC and believes the group will remain the global central bank for oil for a long time, Saudi Energy Minister Khalid al Falih said on Monday. Saudi Arabia’s top government-funded think-tank has been studying the possible effects on oil markets …

Saudi Arabia is discussing a proposal that could see OPEC and non-OPEC oil producers cut output by up to 1 million barrels per day, two sources told Reuters on Sunday, as the world’s top oil exporter grapples with a drop in crude prices. The sources said any such deal would …

The UAE-Saudi Coordinating Council in charge of following up the joint US$1 billion financial contribution to Yemen Humanitarian Response Plan (YHRP) held their third meeting at the premises of the Ministry of Foreign Affairs and International Cooperation in the UAE capital. The meeting, held in the presence of representatives of …

Norway announced on Friday that it was suspending new licenses for arms exports to Saudi Arabia following recent developments in the Gulf kingdom and the situation in Yemen. A foreign ministry spokesman declined to say whether the decision was partly motivated by the murder of Saudi journalist Jamal Khashoggi at …

German shipbuilder Luerssen has suspended production of coastguard vessels it was building for Saudi Arabia and placed large numbers of staff on short hours, blaming uncertainty over whether Berlin would grant future weapons export licenses. After dissident journalist Jamal Khashoggi was killed in Saudi Arabia’s consulate in Istanbul, Chancellor Angela …

Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall (RHMG.DE), a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world’s third-largest defense spender, is seeking partnerships to …

Yemeni forces backed by a Saudi-led coalition inched closer to the Red Sea port city of Hodeidah on Sunday as they battled Iranian-aligned Houthi fighters entrenched there, local military sources and residents said on Sunday. The coalition has deployed thousands of troops to retake Hodeidah, a vital entry point for …

Israel on Friday condemned the killing of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul, but said cooperating with Riyadh against Iran was a greater priority. In his first public reaction, Prime Minister Benjamin Netanyahu said Khashoggi’s death, which has caused global outrage, was “horrendous” and must be …

Saudi Arabia’s Crown Prince Mohammad bin Salman is expected to discuss oil output resumption from the Neutral Zone, which the kingdom’s shares with Kuwait, during a trip to the Gulf Arab state on Sunday, a source familiar with the matter told Reuters. Prince Mohammad will be accompanied by Energy Minister …

Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.” But if he means new U.S. defense jobs, an internal document seen by Reuters from Lockheed Martin forecasts fewer than 1,000 positions would be …

The Azerbaijan Union of Journalists has called for consolidation of media efforts in Islamic countries to counter the attack on Islam and Muslims, in general, and the smear campaign launched against the Kingdom of Saudi Arabia, in particular. The Union termed the accusations propagated by some media outlets as false, saying they’re only …

U.S. Defense Secretary Jim Mattis said on Sunday that he had met Saudi Arabia’s foreign minister and called for a transparent investigation into the killing of journalist Jamal Khashoggi. Washington Post columnist Khashoggi’s murder has escalated into a crisis for the world’s top oil exporter as Saudi Arabia’s allies have reacted …

Turkish President Recep Tayyip Erdogan has demanded that Saudi Arabia reveal the location of Jamal Khashoggi’s body and hand over the suspects in his murder. Erdogan said that the top Saudi prosecutor will travel to Turkey on Sunday to meet with the top Istanbul prosecutor, and argued that those responsible …

Opec has urged a committee to prepare “options” for how much oil it should produce next year to prevent the market slipping back into oversupply, the clearest sign yet that the group could reduce output to avoid prices falling further. The rise in oil inventories in recent weeks coupled with …

Saudi Arabia cannot repeat an oil embargo similar to that of 1973 as the US oil market fundamentally changed over the years due to shale oil revolution as well as the availability of alternative suppliers, analysts told Gulf News. Tensions between Saudi Arabia and the US rose over the killing …

Pakistan’s new prime minister came away from a controversial Saudi economic conference with a pledge of at least $6 billion in financial support to help the country over a balance-of-payments crisis, the Pakistani government said. Imran Khan, elected in July, headlined one of Tuesday’s sessions at the Future Investment Initiative …

Saudi Arabia and the UAE, who are leading an Arab alliance fighting Iran-allied Al Houthi militants in Yemen, will donate $70 million (Dh256.9 million) to pay the war-devastated country’s teachers in cooperation with the Unicef, a Saudi official has said. “The alliance led by Saudi Arabia is following with concern …

Saudi Arabia signed more than 25 deals ranging from petrochemicals to metals at its signature investment forum on Tuesday. State-run Saudi Aramco signed 15 of the agreements worth $34 billion, including deals with French oil giant Total SA, oil-services provider Halliburton Co. and Hyundai Heavy Industries Co. Commodities trading house …

President Recep Tayyip Erdogan on Tuesday raised the stakes in his dispute with Saudi Arabia over what he called the ‘‘premeditated murder’’ of the Saudi journalist Jamal Khashoggi, demanding that Riyadh supply more answers and hand over the Saudi suspects to face justice in Turkey. After saying he would reveal …