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Tag Archives: Saudi Arabia

Netanyahu quietly forgets Trump in favour of Biden

Israeli Prime Minister Benjamin Netanyahu on Sunday congratulated U.S. President-elect Joe Biden after his election win saying he looked forward to working together with the new administration and strengthening the two countries’ alliance. “Congratulations @JoeBiden and @KamalaHarris. Joe, we’ve had a long & warm personal relationship for nearly 40 years, …

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Saudi now enjoys wold’s largest camel hospital

Qassim Gov. Prince Faisal bin Mishaal on Sunday inaugurated the world’s biggest camel hospital in Buraidah. The Salam Veterinary Hospital will also have a modern research facility to diagnose diseases related to camels. The governor said the project worth SR100 million is a national achievement and it will help enhance …

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Saudi Arabia: UN Aramco attacks report ‘leaves no doubt’ over Iran’s hostile intentions

Saudi Arabia’s Ministry of Foreign Affairs welcomed Tuesday a UN report confirming Iranian involvement in attacks on Saudi Aramco facilities in September 2019. A foreign ministry statement said the findings of UN Secretary General Antonio Guterres’ report “leaves no doubt for the international community about Iran’s hostile intentions towards the …

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Russian wants oil majors to push prices up with OPEC

Russian Energy Minister Alexander Novak is due meet oil majors to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters. The meeting on Tuesday is a further sign that Moscow is committed …

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Russia, Iraq support oil price coordination

President Vladimir Putin discussed Russia’s cooperation with Iraq over an OPEC+ deal to reduce oil supply in a telephone conversation with Iraq’s Prime Minister Mustafa al-Kadhimi, the Kremlin said on Monday. The two men noted the importance of continuing their countries’ joint efforts in the oil markets, the Kremlin said. …

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Corona lockdown awakening

People all around the globe are currently directly, or indirectly, affected by the novel coronavirus SARS-CoV-2. The Levant News publishes voices from a wide variety of people with different backgrounds. After stories from the Netherlands, Lebanon and Italy today Mohammed Hussein Aldosari writes from Saudi Arabia. The Covid-19 crisis and …

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VAT increased from 5% to 15% in Saudi Arabia

Saudi Arabia’s government is suspending the cost of living allowance and raising the value added tax (VAT) threefold, as part of measures aimed to shore up state finances, which have been battered by low oil prices and the coronavirus. “Cost of living allowance will be suspended as of June first, …

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Some lessons to be learned from the current crisis

People all around the globe are currently directly, or indirectly, affected by the novel coronavirus SARS-CoV-2. The Levant News publishes voices from a wide variety of people with different backgrounds. After stories from the Netherlands, Lebanon and Italy today Saleh Abdulwahed writes from the Saudi capital Riyadh. While driving through …

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Trump denies OPEC wants US production cut

President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic. Trump said U.S. oil production had already fallen, anyway. “I think it’s happening …

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Saudis and Yemenites join hands to beautify Yemeni capital

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 …

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Putin in emergency talks with Russian oilbarons

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 …

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Oil prices on the up thanks to Trump, Putin

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 …

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Russia wants new, emergency OPEC deal

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 …

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Countries everywhere ban travel in corornavirus emergency

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 …

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Iran and the US: A path back from the brink

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 …

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Neom to construct a ‘Solar Dome’ Desalination Plant

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 …

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Saudi Aramco garners orders worth $38.4 billion

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 …

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Saudi in defence talks with Oman

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 …

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Rouhani to present Gulf security plan to UN

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. …

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Three steps toward resolving Iran’s nuclear crisis

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; …

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RAK Ruler-Saudi business cooperation

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 …

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26 killed in Yemeni missile attack on Saudi airport

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 …

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Yemeni drone attacks on Saudi arport

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. …

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Saudi Arabia expanding nuclear power ambitions

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 …

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Germany bars Khashoggi suspects from entry

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 …

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