RIYADH – – Saudi Arabia’s economy has proven its ability to face the repercussions of the coronavirus pandemic, Crown Prince Mohammed bin Salman said following the announcement of the Kingdom’s budget for 2021.
‘Financial and economic measures have been taken at reducing the repercussions of the pandemic on economic activities. The crisis was managed with great care and effectiveness, which led to the mitigation of the negativeness, which led to the mitigation of the negative effects on the Saudi economy’, the Saudi Press Agency quoted the crown prince as saying.
‘The balance between the precautionary measures and the timing of the gradual return of economic activities has been made at a good pace. Saudi Arabia was able to take health and preventive measures aimed primarily at protecting human health by curbing the spread of the epidemic’, he said.
Saudi Arabia projected its 2020 budget deficit will rise to around $79 billion, the finance ministry confirmed on Tuesday, as the world’s top crude exporter reels from a coronavirus – led economic downturn.
‘It is expected that the budget deficit will increase at the end of 2020 to about 298 billion riyals, and we aim to reduce it by the end of 2021 to 141 billion riyals ($37.6 billion), the finance ministry said in its annual budget.
Paris / France – – German Chancellor Angela Merkel and French President Emmanuel Macron pledged on Thursday to keep working closely together until a new German government is formed after the Sept. 26 polls in which Merkel is not a candidate. In 16 years in power, Merkel has known four French presidents and has built … More Macron, Merkel Vow To Cooperate Closely Until New German Government Is Formed￼
Dubai / UAE – – The Saudi – led coalition said late on Thursday that it thwarted and destroyed four Houthi explosives – laden drones and a ballistic rocket fired in the direction of the southern Saudi city of Jazan, Saudi state media reported. The Saudi – led military coalition intervened in Yemen in 2015, … More Saudi – Led Coalition Thwarts Houthi Missile And Drones Attack – Media
Paris / France — French President Emmanuel Macron said on Wednesday that French military forces had killed Islamic Adnan Abu Walid al – Sahrawi, the leader of Islamic State in the Greater Sahara. ‘It’s another major success in our fight against terrorist groups in the Sahel’, Macron said in a tweet, without disclosing the location of … More Macron Says French French Forces Killed Islamic State Leader In Sahara￼
Moscow / Russia – Russian President Vladimir Putin said on Thursday he would have to spend ‘a few days’ in self – isolation after dozens of people in his entourage fell ill with COVID – 19, the TASS news agency reported. Putin was speaking through a video link at a summit of Russia – led … More Putin To Remain In COVID – 19 Isolation For Days As Dozens In Entourage Ill
Riyadh / Saudi Arabia – – Saudi Arabia’s Crown Prince Mohammed bin Salman launched a new program on Wednesday as part of Saudi Vision 2030 plans and a national strategy to ‘strengthen citizen’s capabilities locally and globally’. ‘The Human Capability Development Program represents a national strategy to enhance the competitiveness of national human capabilities locally … More Saudi Crown Prince Launches ‘Human Capability Development’ Program
Moscow / Russia – – Russian President Vladimir Putin will go into self isolation after cases of the new coronavirus were detected in his entourage and will therefore not travel to Tajikistan this week for regional security meeting, the Kremlin said on Tuesday.
Riyadh / Saudi Arabia – Saudi Arabia’s King Salman has sent a message to Algeria’s President Abdelmadjid Tebboune via the kingdom’s foreign minister regarding the ‘historical brotherly relations’ and joint cooperation between the two countries, according to state – run Saudi Press Agency. The message was conveyed by Saudi Arabia’s Foreign Minister Prince Faisal bin … More Saudi Arabia’s King Salman Sends Message To Algeria’s President Via Foreign Minister
Dubai/UAE – – The United Arab Emirates said on Friday residents who had been fully vaccinated with a shot approved by the World Health Organization could return as of Sept.12 from a list of previously suspended countries. Dubai, one of the UAE’s seven emirates, is due to open the EXPO 2020 world fair on Oct.1 … More UAE Lifts Ban On Entry From Certain Countries For Vaccinated Residents
Dubai/UAE – – Dubai carrier Emirates Airline will be resuming flights to Saudi Arabia starting from September 11, following the Kingdom’s announcement that it would lift COVID – 19 travel restrictions on the United Arab Emirates. ‘From Saturday, 11 September, Emirates will begin operating 24 weekly flights to Saudi Arabia, including daily flights to the … More Dubai’s Emirates To Resume Flights To Saudi Arabia After COVID – 19 Ban Lifted
Riyadh / Saudi Arabia – – Saudi General Directorate Of Passports has started to automatically extend the validity of residence permits (Iqama) for expatriates outside the Kingdom as well as vist visas and exit and re – entry visas without fees or charge until Nov.30. The decision implements the directives of King Salman. The extension, … More Saudi Arabia Extends Iqama, Visit, Exist And Re – Entry Visas For Free Till Nov. 30
Riyadh / Saudi Arabia – – Saudi Arabia’s MDLBEAST has unveiled the official lineup for its 2021 SOUNDSTROM festival, a record – setting event that launched as MDLBEAST Festival in December. Being staged in Riyadh from Dec.16 to 19, SOUNDSTORM will feature musicians from around the world with more than 150 superstar and international dance … More Saudi Arabia’s MDLBEAST Announces Lineup For 2021 SOUNDSTORM Festival
Milan / Italy – – Boashan & Steel Co Ltd (Boasteel), China;s biggest listed steelmaker, said on Wednesday it had signed an initial pact with the world’s top crude oil producer Saudi Aramco to study building a steel plate factory in Saudi Arabia. The nonbinding memorandum of understanding was one of a number of agreements … More China’s Boasteel, Aramco Ink Pact On Saudi Steel Plate Factory
Abu Dhabi / UAE – – Abu Dhabi Investment Authority (ADIA), the United Arab Emirates’ biggest sovereign wealth fund, sees technology and climate change as key investment areas for its post – COVID – 10 strategy, it said its 2020 annual review. ADIA, which manages capital on behalf of the oil – rich Abu Dhabi … More Abu Dhabi Wealth Fund To Focus On Tech, Climate Chance After COVID – 19
Paris / France – – Saudi Arabia has lifted a COVID – 19 travel ban will allow the resumption of travel between the Kingdom and the United Arab Emirates, Argentina, and South Africa starting from September 8, the Ministry Of Interior announced on Tuesday. The ministry added that based on continuous monitoring of the epidemiological … More Saudi Arabia Re – Allows Entry From And Travel To UAE, Argentina And South Africa
Paris / France – – Saudi Arabia’s King Salman issued a royal decree to terminate the public security director Khalid Al – Harbi and refer him to investigation with corruption charges, the state news agency (SPA) reported on Tuesday. Charges include embezzlement of public money, forgery, bribery and abuse of influence.
Kuwait – – More than 42 million old vehicle tyres dumped in Kuwait’s sands have started to be recycled, as the Gulf state tackles a waste problem that created one of the world’s largest tyre graveyards. The massive dump site was mere 7 km (4 miles) from a residential suburb. Residents were bothered by periodic … More Kuwait Starts To Recycle Massive Tyre Graveyard
Paris / France – – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired five international banks as members of an environmental, governance and social (ESG) panel for its medium – term capital – raising strategy, IFR News reported on Monday. Sources told Reuters in July that PIF sent banks a request … More Saudi Arabia’s PIF Hires Banks To Advice On ESG – IFR
Abu Dhabi / UAE — The crown princes of Saudi Arabia and the United Arab Emirates discussed bilateral relations and other issues in a phone call, state media of the two countries said on Monday. Despite being close allies, economic competition between the Gulf neighbours has been laying bare differences as Riyadh tries to challenge … More Saudi, UAE Leaders Hold Call Amid Rising Regional Rivalry
Riyadh / Saudi Arabia – – Sheikh Tamim Bin Hamad Al – Thani, Emir of Qatar, received on Monday Prince Abdulaziz Bin Saud Bin Saud Bin Nayef, Saudi Arabia’s interior minister, at the Emiri Diwan in Doha, state news agency SPA reported. During the reception, they reviewed bilateral relations and the existing security cooperation between … More Qatari Emir Receives Saudi Interior Minister
Dubai / UAE – – The United Arab Emirates has expanded the ‘Golden Visa’ eligibility to include managers, CEOS, and specialists in various fields, according to an announcement on Sunday. New regulations in the UAE included the Golden Visa eligibility expansion, which includes specialists in the fields of science, engineering, health, education, business management and … More UAE ‘ Golden Visa’: Eligibility Now Includes
Paris / France – – Qatar will soon resume funding for civil servants and poor families in the Gaza Strip under a new mechanism involving the Western – backed Palestina Authority and the United Nations, the Gulf state’s aid envoy said on Monday. Doha has underwritten Gaza rebuilding and infrastructure projects since the 2014 war … More Qatar Plans To Resume Gaza Funding
Dubai / UAE – – Qatar has reached an agreement on a grant for constructions in the Gaza Strip and the opening of crossing into the enclave, the state news agency QNA reported on Monday. Qatar end Egypt both promised funds to help rebuild the Palestinian territory, which is run by the Islamist Hamas group … More Qatar Says Agreement Reached On Grant For Gaza Rebuilding, Opening Of Crossing
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