NEWS ALERT | King Salman Receives Phone Calls From King Of Bahrain, Jordanian King

RIYADH | SAUDI ARABIA – The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received on Monday a phone call from King Hamad bin Isa Al Khalifa of Bahrain, who was reassured of the health of King Salman and wished him continuous good health.

King Salman also received a phone call from King Abdullah II of the Kingdom of Jordan.

During the call, King Abdullah he was reassured of the health of the Custodian of the Two Holy Mosques, and also wished him continuous good health.

For his part, the Custodian of the Two Holy Mosques thanked King Abdullah II and King Hamad for their sincere brotherly feelings.

SABIC’s Quarterly Net Profits Slumps 94% On Lower Sales Prices

PARIS, France – Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net income of 0.29 billion riyals ($77.28 million) in the three – month period ended Dec. 31, down from 4.97 billion riyals in the year-ago period. Princes across…

Ukraine Gets Support From Saudis With $400 Million Aid Deal

PARIS, France – Saudi Arabia signed agreements worth $400 million with Ukraine on Sunday after the kingdom’s foreign minister made a surprise visit to Kyiv, a movie praised by Washington. Prince Faisal bin Farhan met President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dymytro Kuleba, and others. He was the highest-ranking…

Saudi Arabia Pauses Wealth Fund Plan To Acquire Egyptian Bank – Sources

PARIS, France – Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, two sources familiar with the matter told Reuters. The pause is the most recent stumble in the vast investment programme promised…

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