SAUDI ARABIA | G20 Finance Ministers To Hold Talks As Coronavirus Fallout Grows

RIYADH | SAUDI ARABIA – Finance Minister from the Group of 20 major economies are to meet by teleconference on Monday, according to the published agenda of French finance chief Bruno Le Maire.

The talks, scheduled for 1100 GMT, come as the G20 faces pressure to bridge internal division and take coordinated action against the spread of coronavirus.


Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Arabia’s Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, sources close to the matter told Reuters, as the sovereign wealth fund seeks to monetise some of its assets. The fund, which holds $430 billion of assets, has hired Goldman Sachs and Saudi National Bank’s investment banking arm to … More Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Arabian, Austrian FMs Hold Joint Press Conference In Vienna

Saudi Arabia’s Foreign Minister Prince Faisal bin Frhan on Tuesday said the Kingdom has a common vision with Austria regarding the  stability of the region in a joint press conference with his Austrian counterpart Alexander Schallenberf in Vienna. Schallenberg said Saudi Arabia is his country’s largest partner in the Middle East. ‘Saudi Arabia plays a … More Saudi Arabian, Austrian FMs Hold Joint Press Conference In Vienna

Saudi Crown Prince Inaugurates $1Bn Housing And Medical Projects For Ministry Of Defense Employees

Saudi Arabia’s Crown Prince Mohammed bin Salman inaugurated eight housing projects as well as medical treatment for employees of the Ministry of Defense, the state news agency SPA reported on Sunday. The initiative is part of new development projects implemented and recently completed by the ministry at a cost of more than SR 4 billion … More Saudi Crown Prince Inaugurates $1Bn Housing And Medical Projects For Ministry Of Defense Employees

MIDEAST STOCKS Saudi Bourse Underperforms Major Gulf Markets, Qatar Gains

Most major stocks markets in the Gulf ended lower on Sunday, with the Saudi index leading the losses, although Qatar bucked the trend to close higher. The benchmark index (.TASI) in Saudi Arabia, fell 0.6% with Al Rajhi Bank and petrochemical firm Saudi Basic Industries dropping 1.8% each. The kingdom’s April crude oil exports fell … More MIDEAST STOCKS Saudi Bourse Underperforms Major Gulf Markets, Qatar Gains

Biden, Putin Discuss Ambassadors, Nuclear Weapons And More

Presidents Joe Biden and Vladimir Putin of Russia spent more than three hours discussing issues Wednesday at their Summit in Geneva. They ticked through their respective lists so quickly and in such ‘excruciating detail’, Biden says, that they looked at each other and thought. ‘OK, what nexy?’ The most pressing issues the leaders discussed: AMBASSADORS … More Biden, Putin Discuss Ambassadors, Nuclear Weapons And More

Saudi Crown Prince Mohammed Bin Salman Meets US Climate Envoy

Saudi Arabia’s Crown Prince Mohammed bin Salman met with United States Special Presidential Envoy for Climate John Kerry in Riyadh on Wednesday, the official Saudi Press Agency (SPA) reported. The two sides reviewed international efforts exported to comfront climate change initiatives, which tackle reducing emission and preserving the environment, namely the ‘Saudi Arabia Green Initiative’ … More Saudi Crown Prince Mohammed Bin Salman Meets US Climate Envoy

UAE Foreign Minister Speaks With Israeli Counterpart – Tweet

The United Arab Emirates’ foreign minister, Sheikh Abdullah Bin Zayed, discussed on a phone call with his Israeli counterpart ‘the bilateral cooperation between the two countries, in addition to the Abraham Accords’, the minister’s office wrote in a tweet on Monday. Bin Zayed congratulated the Israeli foreign minister, Yair Lapid, on his new position and … More UAE Foreign Minister Speaks With Israeli Counterpart – Tweet

Bahrain’s Crown Prince Congratulates New Israeli PM Bennett – BNA

Bahrain’s crown prince sent a congratulatory telepgraph to new Israeli Prime Minister Naftali Bennett, in which he expressed his sincere wishes to the former government for success in its tasks ‘in a way that strengthen the pillars of development, stability, and  peace in the region and the world’, Bahrain state news agency (BNA) said on … More Bahrain’s Crown Prince Congratulates New Israeli PM Bennett – BNA

Saudi Shopping Malls Opens Only To Vaccinated People From August – State TV

Saudi Arabia will bar people from entering its shopping malls unless they have been vaccinated against COVID-19, state TV reported on Sunday, citing a decision by the trade ministry that will come into effect on Aug.1. ‘Having received at least one vaccine shot will be a condition for entering commercial facilities’, the ministry said. Suadi … More Saudi Shopping Malls Opens Only To Vaccinated People From August – State TV

English FA Implore Fans Not To Boo Players Who ‘Take A Knee’

The Football Association hasve issued a statement asking England fans to respect the right of prayers to ‘take a knee’ as a protest against racial injustice, and not boo them befofre matches at the European Championship. England players were booed by some fans before two recent friendlies when they knelt – a protest borrowed from … More English FA Implore Fans Not To Boo Players Who ‘Take A Knee’

Saudi Sovereign Fund PIF To Invest In Investcorp – Aberdeen Infrastructure

Saudi Arabia’s sovereign wealth fund PIF will become an anchor investor in infrastructure fund being launch by Bahrain’s Ivestcorp and Berdeen Standard Investments. Aberdeen Standard Investcorp Infrastructure Parners (ASIIP) received a capital commitment from the $430 billion PIF for up to %20 of the total size of the fund size of the fund ahead of … More Saudi Sovereign Fund PIF To Invest In Investcorp – Aberdeen Infrastructure

Saudi Arabia To Supply Full July Crude Oil Volumes To Buyers In Asia – Sources

Saudi Arabia, the world’s top crude oil exporter, will supply full volumes of July – loading crude to its Asia customers, five sources with knowledge of the matter told Reuders on Friday. OPEC+ agreed in April to gradually ease oil output cuts from May to July and confirmed the decision at a meeting on June … More Saudi Arabia To Supply Full July Crude Oil Volumes To Buyers In Asia – Sources

Qatar Airways To Resume Flying UK and Irish Citizens To London Starting Friday

Qatar Airway wrote in a tweet on Thurday that it would resume flying British and Irish nationals and UK residents to London from Qatar and across their network starting on Friday. The Qatar flag carrier said ‘all arrivals will be subject to quarantine requirements’. Jon Wilks, the Britith ambassador to Qatar, wrote in a tweet … More Qatar Airways To Resume Flying UK and Irish Citizens To London Starting Friday

UK Foreign Secretary Raab Meets With Saudi Deputy Defense Minister

The UK foreign secretary, Dominic Raab, met with Saudi Arabia’s Deputy Minister of Defense, Prince Khalid bin Abdulaziz, on Monday, state news agency SPA reported. During the meeting, they discussed relations between the two countries and ways to strengthen them, especially in the areas of defense. They also discussed Saudi Arabia and the UK’s efforts … More UK Foreign Secretary Raab Meets With Saudi Deputy Defense Minister

Biden, Erdogan To Discuss Their Differences Next Week – White House

U.S. President Joe Biden and Turkish President Tayyip Erdogan will meet to discuss Syria, Afghanistan and other regional issues next week and will also look at the ‘significant differences’ between Washington and Ankara, the U.S. National security. Speaking at a White House briefing, Jake Sullivan said the eastern Mediterranean, Syria, Iran, as well as the … More Biden, Erdogan To Discuss Their Differences Next Week – White House

Saudi Arabia’s Crown Prince Meets With British Foreign Secretary In NEOM

Saudi Arabia’s Crown Prince Mohammed bin Salman on Monday met with British Foreign Secretary Dominic Raab in Neom, the Saudi Press Agency (SPA) reported. ‘During the meeting, they reviewed bilateral relations and aspects of joint cooperation in various fields. They also discussed the latest developments in the Middle East and the efforts exerted to enhance … More Saudi Arabia’s Crown Prince Meets With British Foreign Secretary In NEOM

Saudi Crown Prince Discusses Regional Security With US Defense Secretary

U.S. Defense Secretary Loyd Austin spoke with Saudi Crown Prince Mohammed bin Salman on Wednesday and emphasized American’s commitment to helping Saudi Arabia defend its territory and people, the Pentagon said. Austin and the crown prince discussed regional security, particularly efforts to end the war in Yemen, and ‘ongoing bilateral efforts to improve Saudi Arabia’s … More Saudi Crown Prince Discusses Regional Security With US Defense Secretary

Oman To Allow Gulf Citizens Land Entry As Some Restrictions Ease

Oman said on Wednesday it will Omanis and citizens of other Gulf countries to move across its land borders daily for work, while also loosening other pandemic – related restrictions imposed for health reasons, state TV said on Twitter. Oman also extended a ban on entering the country for travellers from Sudan, Brazil, Nigeria, Tanzania, … More Oman To Allow Gulf Citizens Land Entry As Some Restrictions Ease

Saudi Arabia Expected To Raise July Light Crude Prices For Asia – Survey

Top oil exporter Saudi Arabia is expected to slightly increase its July official selling prices (OSPs) of light crude for Asia, as margin weakness and demand uncertainty cap the upside despite stronger crude benchmarks, a Reuters survey showed. Sources at five Asian refiners on average expected the July OSP for Saudi flagship grade Arab Light … More Saudi Arabia Expected To Raise July Light Crude Prices For Asia – Survey

‘Russian Davos’ To Go Ahead In Person With Putin, Despite COVID-19

Thousands of officials and executives will gather in person in St. Petersburg this week – and President Vladimir Putin will give a speech – as the annual economic forum Moscow pitches as ‘The Russian Davos’ returns despite the COVID-19 pandemic. For years, Russia has used the St. Petersburg International Economic Forum (SPIEF) to try to … More ‘Russian Davos’ To Go Ahead In Person With Putin, Despite COVID-19

Saudi Arabia’s Crown Prince Receives Kuwaiti Counterpart In Riyadh

Saudi Arabia’s  Crown Prince Mohammed bin Salman held a meeting with his Kuwaiti counterpart Sheikh Meshal Al – Ahmed Al – Sabah at Al – Yamamah Palace in Riyadh on Tuesday. Earlier, Prince Mohammed received the Kuwaiti crown prince as he arrived at King Khalid International Airport for an official visit to the Kingdom. At … More Saudi Arabia’s Crown Prince Receives Kuwaiti Counterpart In Riyadh


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