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Tag Archives: Saudi Arabia

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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Saudi Aramco IPO should go according to plan

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, …

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Saudi export ban hits German shipyard

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 …

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Saudi Arabia bidding for South African defence contractor

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 …

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Opec mulls all options on output for 2019

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 …

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UAE, Saudis donate $70m for Yemen teachers

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 …

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