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 – The United Arab Emirates (UAE) president arrived in Qatar on Monday in the first such visit since Saudi Arabia and its Arab allies ended a boycott of Doha nearly two years ago. Sheikh Mohammed bin Zayed al – Nahyan, the UAE’s de facto ruler for years before becoming president in May, was […]
PARIS, France – U.S. President Joe Biden warned President Xi Jinping on Monday that the United States would enhance its security position in Asia if Beijing cannot rein in North Korea’s weapons programmes, and during a three-hour meeting, the two leaders also had strong words about Taiwan. Bident told a news conference after his first […]
PARIS, France – The children of Iran’s revolution are carrying out their own revolution, said French President Emmanuel Macron in an interview with French radio broadcast on Monday, as Iran holds seven French citizens in the country amid deteriorating ties between the two countries. France lashed out at Iran on Oct.6, accusing it of ”dictatorial […]
PARIS, France – At least one person was killed and 10 others were wounded on Monday after rockets hit the headquarters of an Iranian Kurdish party in the city of Koye, near the capital of Iraq’s autonomous Kurdish region Erbil, the mayor of Koye Tariq Haidari said. Iran’s semi-official Fars news said the country’s Revolutionary […]
PARIS, France – Leading Iranian actress Taraneh Alidoosti has posted a picture of herself on Instagram without a headscarf to express support for nationwide anti-government protests. Best-known for her role in ”The Salesman”, which won an Academy Award in 2017, the pro-reform artist held up a sign in the Instagram post that read ”Woman, Life, […]
PARIS, France – Pope Francis arrived in Bahrain on Thursday to start a four – day trip, the second by the pontiff to the Arabian Peninsula. The plane carrying the pope arrived in Sakir where he is due to meet King Hamad bin Isa Al Khalifa in the Sakhir Palace.
PARIS, France – Former Pakistan Prime Minister Imran Khan was wounded in the shin on Thursday when his convoy was shot at in the country’s east on Thursday, an aide said. A member of Khan’s Pakistan Tehreek-e-Insaf (PTI) party said several colleagues were also wounded amid reports one had been killed. ”A man opened fire […]
PARIS, France – – Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state carrier’s chief executive said on Wednesday. Saudia CEO Ibrahim Koshy said the planes would be ”a premium service” that carry four […]
PARIS, France – Qatar has faced unprecedented criticism since winning the bid to host the 2022 World Cup, some of which amounted to slander, its ruler, Emir Sheikh Tamim bin Hamad al Thani, said on Tuesday. ”We initially dealt with the matter in good faith”, Sheikh Tamim said in a televised policy speech, adding that […]
PARIS, France – Saudi Arabian Airlines (Saudia) is in talks with plane makers Airbus SE and Boeing Co on orders for itself and a new carrier the kingdom plans to launch, the state-owned airline’s chief executive said on Tuesday. The talks are for aircraft for both airlines as they have the ”same shareholder”, Ibrahim Koshy […]
PARIS, France – French President Emmanuel Macron congratulated Rishi Sunak on Tuesday on becoming the new UK Prime Minister, and added in a Twitter message that he would look to work with him on common challenges such as the war in Ukraine.
PARIS, France – Saudi Arabia and the United States will get over their ”unwarranted” spat over oil supplies, the kingdom’s investment minister told a business forum in Riyadh on Tuesday, highlighting long-standing corporate and institutional ties. This month’s decision by the OPEC+ alliance led by Saudi Arabia to cut oil output targets unleashed a war […]
PARIS, France – Saudi Crown Prince Mohammed bin Salman will not attend the Arab summit to be held on Nov.1 in Algeria, in compliance with a doctors’ recommendation to avoid travel, the Algerian presidency said in a statement late on Saturday. Prince Mohammed, the kingdom’s de-facto ruler, ”expressed his regret for non-attending the Arab Summit”, […]
PARIS, France – The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund, and Brazilian meatpacker Minerva has acquired the Australian Lamb Company (ALC) for 970 million riyals ($258 million), SALIC said in a statement on Friday. The acquisition was done through Minerva Food Australia, a joint venture established last […]
MILAN, Italy – Finland’s Foreign Minister Pekka Havvisto said on Friday his country remains in regular contact with Turkey amid the Nordic nation’s NATO membership bid and that he has been in dialogue with his Turkish counterpart during the past week.
MILAN, Italy – Saudi Arabia’s energy minister Prince Abdulaziz bin Salman on Friday said OPEC+ is doing the right job to ensure stable and sustainable oil markets. He was responding to questions on a recent decision by OPEC+ to cut oil output by 2 million barrels per day.
PARIS, France – Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and the director of China’s National Energy Administration Zhang Jinhua on Friday said they would strengthen their ties in the energy sector, the Saudi state news agency SPA reported. The officials spoke in a teleconference call and stressed the importance of stable long-term supplies […]
JEDDAH, Saudi Arabia – Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister of Defense, welcomed on Friday U.S. President Joe Biden at the Al – Salam Palace in Jeddah. Custodian of the Two Holy Mosques King Salman bin Abdulaziz is set to meet with Biden at the Al – Salam Palace. Biden had arrived […]
LONDON – Tunisia’s Ons Jabeur lifted the spirits of an entire continent as she became the first Arab and first African woman to reach the Wimbledon final with a rousing 6-2 3-6 6-1 victory over her barbecue buddy Tatjana Maria on Thursday. Before she stepped on court, American great Billie Jean King said Jabeur was […]
PARIS, France – Saudi Arabia’s Supreme Court has called on all Muslims in the Kingdom to sight the Dhu al – Hijjah crescent moon on Wednesday evening, the official Saudi Press Agency reported on Monday. The sighting of the moon marks the beginning of the Dhu Al – Hijjah Islamic month in which the Hajj […]
PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push […]
PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on […]
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