On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
Saudi Arabia
Turkish President Tayyip Erdogan to visit Saudi Arabia on Thursday
In a statement the office of Turkish President Tayyip Erdogan said, the President will travel to Saudi Arabia on a two-day visit on Thursday. The development marks the culmination of a months-long effort by Ankara to mend ties with Riyadh…. Read More ›
Saudi Arabia celebrates its foundation day for first time
On Tuesday, for the first time Saudi Arabia celebrated its founding day nearly 300 years ago, and chose to downplay the role played by clerics from the ultra-conservative Wahhabi school of Islam. The anniversary marks the day in 1727 when… Read More ›
International banks in UAE adopt Mon-Fri work week
In a significant development, international banks in the UAE, including Deutsche Bank AG, Societe Generale SA, JPMorgan Chase & Co, are changing their work days from Monday to Friday. The move aligns working hours of international banks with those of most… Read More ›
US weapons sales to Saudi Arabia passed by Senate
The U.S. Senate has rejected a resolution that aimed to prohibit the sale of advanced medium range air-to-air missiles, missile launchers and other weapons to Saudi Arabia. The vote, 67 to 30, against the resolution, was introduced by Republicans Rand… Read More ›
Crude oil prices rise after Saudi price hike
Oil prices have risen by more than $1 dollar after Saudi Arabia raised prices for its crude oil sold to the United States and Asia. Brent crude futures for February gained $1.69 to $71.57 a barrel while U.S. West Texas… Read More ›
Saudi Arabia, Foreign Ministry, the Kingdom, reopened, embassy, Somalia, Somalian, capital, Mogadishu,
In a statement Saudi Arabia’s Foreign Ministry stated, the Kingdom has reopened its embassy in the Somalian capital of Mogadishu. Earlier this year in June, a Saudi diplomatic delegation visited Somalia and discussed preparations for reopening the embassy. Saudi Arabia’s… Read More ›
British foreign minister Liz Truss to pursue trade deal with Gulf countries in her visit to Saudi Arabia and Qatar
British foreign minister Liz Truss will be travelling to Qatar and Saudi Arabia this week to pursue a potential trade deal with Gulf countries as well as to deepen diplomatic ties. During her visit, Truss will meet her Saudi counterpart… Read More ›
US Saudi to intensify efforts against Iranian violations of international treaties on nuclear agreement
In a statement on Friday, Saudi Arabia’s foreign ministry said, Foreign Minister Prince Faisal bin Farhan Al Saud met U.S. Secretary of State Antony Blinken in Washington and exchanged views on Iran’s nuclear program. “Had a productive meeting today with… Read More ›
EU lawmakers back European Parliament environment committee, strengthens EU’s negotiating position in upcoming summit
Lawmakers from the European Parliament environment committee are fully backing the EU governments’ position for the COP26 climate summit, wherein countries will finalise rules to put the 2015 Paris Agreement into effect. The COP26 summit, will run from October 31… Read More ›
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