Blog | LATEST NEWS

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

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 … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

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 … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

DUBAI – Dubai’s Emirates Central Cooling System Cooperation (Empower) has invited investment banks to pitch for roles in its planned initial public offering, which is slated for later this years, two sources with direct knowledge of the matter said. Empower, which is part owned by Dubai Electricity and Water Authority (DEWA), has asked banks to … More Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

DAVOS, SWITZERLAND – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign wealth fund at the centre of the kingdom’s plans to diversify its economy away from oil. The PIF manages over $600 billion in assets, a figure that has … More Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

Guardiola Becomes England’s Most Successful Foreign Manager

PARIS, France – Spaniard Pep Guardiola became the most successful foreign manager in English football, in terms of league titles won, when he clinched his fourth Premier League crown on Sunday. With his latest success, the Manchester City manager moved above Frenchman Arsene Wenger and Portuguese Jose Mourinho who both have three Premier League titles … More Guardiola Becomes England’s Most Successful Foreign Manager

Qatari Foreign Minister: Iran Says It Has Matters ‘Under Review’ Over Nuclear Pact

PARIS, France – Qatar’s foreign minister said in remarks cited on Saturday by Al Jazeera TV that Qatar had been informed by Iran that matters were ‘under review’ regarding a nuclear deal between Iran and world powers. The Qatari – based TV broadcaster quoted Foreign Minister Sheikh Mohammed bin Abdulraham Al – Thani as saying … More Qatari Foreign Minister: Iran Says It Has Matters ‘Under Review’ Over Nuclear Pact

Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

ATHENS, Greece – Greece lifted COVID-19 restrictions on Sunday for foreign and domestic flights, its civil aviation authority said, ahead of the summer tourism season that officials hope will see revenues bouncing back from the pandemic slump. To fly in or out of the country, travellers were previously required to show either a vaccination certificate, … More Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

PARIS, France – Saudi Arabia and Pakistan will discuss the possibility of supporting the kingdom’s $3 billion deposit in Pakistan’s central bank bank by extending its term ‘or through other options’, a joint statement carried by Saudi State News Agency SPA said on Sunday. Last year, Saudi Arabia deposited $3 billion in Pakistan’s central bank … More Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

PARIS, France – Yemen’s president delegated power to a presidential council and dismissed his deputy on Thursday in moves aimed at supporting U.N. – led efforts to revive negotiations to end a bitter seven – year war. Riyadh announced $3 billion in financial aid to the Saudi – backed government after the announcement by President … More Yemen President Cedes Powers To Council As Saudi Arabia Pushes To End War

Saudi Authorities Warn Against Donating To Strangers Due To Terrorism Financing

PARIS, France – Saudi Arabia’s Presidency of State Security warned citizens and residents in the Kingdom against donating to strangers, nothing that such practices increase the probability of financing terrorism. ‘[Random strangers] may be more dangerous than you think’, the Presidency of State Security said in a statement on Twitter, urging people to only make … More Saudi Authorities Warn Against Donating To Strangers Due To Terrorism Financing

Saudi Arabian Grand Prix To Go Ahead As Planned, Say Organizers

JEDDAH, Saudi Arabia – Formula One’s Saudi Arabian Grand Prix will go ahead as planned, organizers said on Friday following attacks on a facility owned by oil giant Aramco near the racetrack in Jeddah. Yemen’s Iran – backed Houthis said they launched attacks on Saudi energy facilities on Friday and the Arab coalition said Aramco’s … More Saudi Arabian Grand Prix To Go Ahead As Planned, Say Organizers

Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

RIYADH, Saudi Arabia – Yemen’s Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi – led coalition said oil giant Aramco’s petroleum products distribution station in Jeddah was hit, causing a fire in two storage tanks but no causalities. A huge plume of black smoke could be seen rising over … More Saudi Aramco Storage Facility Targeted By Houthi Attack, Causing Fire

U.S. Approves Potential Sale Of Rocket Launchers To Bahrain – Pentagon

WASHINGTON – The U.S. State Department has approved the potential sale to Bahrain of M270 Multiple Launch Rocket Systems Upgrade and related equipment for an estimated cost of $176 million, the Pentagon said on Thursday. The principal contractor will be Lockheed Martin Corp, the Pentagon’s Defense Security Cooperation Agency said in a news release.

France Promises Funding To International Criminal Court To Investigate Crimes In Ukraine

PARIS, France – The French Foreign Ministry has promised 500,000 euros ($548,715) of financing to the International Criminal Court (ICC) to support the investigation into cimes committed in Ukraine, it said in a statement on Wednesday. France will also be providing magistrates, investigators and experts, ‘to make sure the prosecutor can lead his investigation in … More France Promises Funding To International Criminal Court To Investigate Crimes In Ukraine

Zelensky Tells Russians: ‘Save Your Sons From The War’

PARIS, France – In a video message posted to Facebook Wednesday night, Ukrainian President Volodymyr Zelensky addressed Russians and told them, ‘save your sons from the war’. Zelensky said Ukraine had never threatened the security of Russia, adding that Russian propagandists ‘lie about the war, which is paid for by your taxes’. Ukrainians, he said, … More Zelensky Tells Russians: ‘Save Your Sons From The War’

Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

PARIS, France – Russia plans to switch its gas sales to ‘unfriendly’ countries to roubles, President Vladimir Putin said on Wednesday, responding to a freeze on Russia’s assets by foreign nations over events in Ukraine that he said had destroyed Moscow’s trust. European countries’ dependence on Russia gas and other exports has been thrown into … More Putin Says Russia Will Switch Gas Sales To Roubles For ‘Unfriendly’ Countries

Saudi Not Responsible For Any Oil Shortage After Houthi Attacks, SPA Says

PARIS, France – Saudi Arabia said it would not bear responsibility for any shortage in oil supplies to global market in light after recent attacks by Yemen’s Iran – aligned Houthis on Saudi oil facilities, Saudi state news agency (SPA) reported on Monday. The Houthis fires missiles and drones at Saudi energy and water desalination … More Saudi Not Responsible For Any Oil Shortage After Houthi Attacks, SPA Says

Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

PARIS, France – – The Russian invasion of Ukraine could worsen the food crisis in the Middle East and North Africa, the U.S. – based Human Rights Watch (HRW) warned in a statement Monday. ‘Both Ukraine and Russia are leading exports of agricultural products to many Middle Eastern and North African countries, and disruptions related … More Invasion Could Worsen Food Crisis In The Middle East And North Africa, Says Human Rights Watch

Houthis Launch Attacks On Saudi Energy, Desalination Facilities – Coalition

RIYADH, Saudi Arabia – The Saudi – led coalition said early on Sunday that Yemen’s Iran – aligned Houthi group launched missile and drone strikes on energy and water desalination facilities in the kingdom that caused some material damage but no deaths. It said the attacks were at a water desalination plant in Al – … More Houthis Launch Attacks On Saudi Energy, Desalination Facilities – Coalition

Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

PARIS, France – Twitter said Wednesday that its interventions against Russian state media have successfully limited the reach of that content, reducing it by 30% on the platform. The announcement follows Twitter’s effort late last month to curb users’ sharing of Russian state media content. At the time, Twitter said that users had been sharing … More Twitter’s Restrictions On Russian State Media Have Successfully Limited Reach Of Content

Saudi King Receives New Pacemaker Battery, Leaves Hospital – Royal Court

PARIS, France – Saudi Arabia’s King Salman bin Abdulaziz left a hospital in Riyadh after undergoing medical tests and replacement of his heart pacemaker battery, the royal court said on Wednesday. State television aired a video clip of the 86 – year – old monarch walking using a cane with his son Crown Prince Mohammed … More Saudi King Receives New Pacemaker Battery, Leaves Hospital – Royal Court

Putin, Bahrain King Discuss Importance Of Diplomatic Solutions – King’s Adviser

PARIS, France – Russian President Vladimir Putin and Bahrain King Hamad bin Isa Al Khalifa discussed in a phone call the ‘importance of solving conflicts by diplomatic means’, an adviser to the king said on Twitter on Tuesday. Bahrain is a close ally to Saudi Arabia which is, alongside Russia, one of the world’s top … More Putin, Bahrain King Discuss Importance Of Diplomatic Solutions – King’s Adviser

Five Western Countries Condemn Russia’s Role In Syria, Ukraine Conflicts

PARIS, France – France, Germany, Italy, Britain and the United States issued a joint statement commemorating the 11th anniversary of the conflict in Syria, and condemned Russia’s role both there and in its invasion of Ukraine. ‘The coincidence of this year’s anniversary with the appalling Russian aggression against Ukraine, which contributes a breach of exceptional … More Five Western Countries Condemn Russia’s Role In Syria, Ukraine Conflicts

Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

Paris, France – Oil Prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers’ pact to add 400,000 barrels per day of supply monthly, hours after UAE’s ambassador to Washington said his country favoured a bigger increase. U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly … More Oil Jump After UAE Says It Is Committed To OPEC+ Supply Pact

The White House Announced New Sanctions On Russian Oligarchs. Here’s Who Will Be Impacted

PARIS, France – The White House announced new sanctions on Russian oligarchs Thursday, in U.S. President Joe Biden’s latest attempt to squeeze Russian President Vladimir Putin as the invasion of Ukraine advances. The new list of individuals described as ‘Putin’s cronies and their family members’ will be cut off from the U.S. financial system, their … More The White House Announced New Sanctions On Russian Oligarchs. Here’s Who Will Be Impacted

Saudi Arabia Offers To Mediate Talks Between Russia And Ukraine

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call from Russian President Vladimir Putin on Thursday, and he offered to make efforts to mediate talks between Moscow and Kyiv as Russia continues its invasion of Ukraine. Bin Salman said his country support ‘efforts that lead to a political solution that … More Saudi Arabia Offers To Mediate Talks Between Russia And Ukraine

Putin Told Macron He Will Continue War In Ukraine, According To Elysee Palace Source

PARIS, France – Russian president Vladimir Putin told his French counterpart Emmanuel Macron that he will continue military operations in Ukraine during a 90 – minute call initiated by Putin, an Elysee Palace source told reporters at a briefing on Thursday. ‘This conversation is unfortunately an occasion to hear that President Putin will continue military … More Putin Told Macron He Will Continue War In Ukraine, According To Elysee Palace Source

Seven Russian Banks Removed From SWIFT

PARIS, France – Seven Russian banks have been removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging service that connects financial institutions around the world. In a statement Wednesday, SWIFT said ‘Diplomatic decisions taken by the European Union, in consultation with the United Kingdom, Canada and the United States, bring SWIFT into … More Seven Russian Banks Removed From SWIFT

Five Dead In Romanian Military Rescue Helicopter Crash – Defence Ministry

BUCHAREST, Romania – A Romania helicopter sent on a search – and – rescue mission late on Wednesday after a Romanian military Mig 21 LancerR dropped off the radar has crashed, killing all five soldiers on board, Defence Ministry spokesman Constantin Spiny said. The pilot of the IAR 330 – Puma helicopter unfavourable weather conditions … More Five Dead In Romanian Military Rescue Helicopter Crash – Defence Ministry

Spanish Prosecutor Drops Probes Into Former King Juan Carlos

PARIS, France – Spain’s national prosecutor’s office has dropped two investigation into alleged fraud in former King Juan Carlos’s business dealing after failing to find sufficient evidence of criminal activity, it said on Wednesday. Juan Carlos, 84, who left Spain for the United Arab Emirates under a cloud of scandal in August 2020, has been … More Spanish Prosecutor Drops Probes Into Former King Juan Carlos

Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

PARIS, France – A growing number of superyachts belonging to Russian tycoons have made their way to the Indian Ocean, cruising around the Maldives and Seychelles just as sanctions are imposed on their homeland following Vladimir Putin’s invasion of Ukraine. The four biggest luxury yachts in the Maldives right now are Russian – owned, according … More Russian Oligarchs’ Yachts Head For Maldives As Sanctions Levied

Saudi Crown Prince, Cyprus President Hold Talks In Riyadh

RIYADH, Saudi Arabia – Saudi Arabia’s Crown Prince Mohammed bin Salman hosted the president of Cyprus at the Al – Yamamah Palace in Riyadh on Tuesday. After a welcoming ceremony, Prince Mohammed and Nicos Anastasiades held talks during which they discussed relations and cooperation between the two countries. Efforts to enhance joint coordination in various … More Saudi Crown Prince, Cyprus President Hold Talks In Riyadh

Turkey Says Ukraine – Russia Talks Unlikely On Wednesday, Russian Demands ‘Unrealistic’

ANKARA – Turkish presidential spokesman Ibrahim Kalin said on Tuesday that Ukrainian and Russian delegations were unlikely to meet for planned talks on Wednesday, adding Moscow’s demands to end its invasion were ‘unrealistic’. ‘They will most likely not meet (on Wednesday)’, Kalin told broadcaster CNN Turk. ‘It will mostly likely be postponed a couple of … More Turkey Says Ukraine – Russia Talks Unlikely On Wednesday, Russian Demands ‘Unrealistic’

Russian Military Warns Of Strikes Against Facilities In Kyiv, According To Statement Via State Media

PARIS, France – The Russian military said Tuesday it will carry out strikes against the facilities in Kyiv, warning civilians living near the areas to leave. The Russians will target the Security Service of Ukraine (SBU) and the 72nd Main Center for Information and Psychological Operations (PSO) in Kyiv, the Russian defense ministry said in … More Russian Military Warns Of Strikes Against Facilities In Kyiv, According To Statement Via State Media

Russia’s Putin, Abu Dhabi Crown Prince Pledge To Continue Coordination In Energy

MILAN, Italy – Russian President Vladimir Purin And Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al – Nahyan, in a phone call on Tuesday, discussed the OPEC+ oil deal and pledged to continue coordination on global energy markets, Russian news agencies reported. The OPEC+ group of leading oil producers is due to meet online … More Russia’s Putin, Abu Dhabi Crown Prince Pledge To Continue Coordination In Energy

Saudi Reaffirms Commitment To OPEC+ Agreement With Russia, Calls For De – Escalation In Ukraine

PARIS, France – Despite international pressure to increase output, Saudi Arabia’s cabined, chaired by King Salman bin Abdulaziz Al Saud, reaffirmed its commitment to the OPEC+ agreement – a pact made by 10 major crude oil producers and Russia to gradually pump more oil in the market to meet demand – a statement by the … More Saudi Reaffirms Commitment To OPEC+ Agreement With Russia, Calls For De – Escalation In Ukraine

Qatar Supports Ukraine’s Territorial Integrity, Urges Diplomatic Settlement

GENEVA – Qatar’s foreign minister called on Monday for a diplomatic settlement to the conflict between Moscow and Kiev that would preserve Ukraine’s sovereignty and territorial integrity within its internationally – recognized boundaries. In a recorded speech to the meeting of the Human Right Council in Geneva, Sheikh Mohammed bin Abdulrahman Al – Thani rejected … More Qatar Supports Ukraine’s Territorial Integrity, Urges Diplomatic Settlement

South Korea To Join SWIFT Sanctions Against Russia, Send Humanitarian Aid To Ukraine

PARIS, France – South Korea will ban exports of strategic materials to Russia and join the international effort to block some Russian banks from the SWIFT global payments system, the country’s Foreign Ministry said Monday. The ministry did not disclose which key strategic materials would be subject to export bans but said it had notified … More South Korea To Join SWIFT Sanctions Against Russia, Send Humanitarian Aid To Ukraine

Russia’s Putin Puts Nuclear Forces On High Alert

PARIS, France – Russian President Vladimir Putin ordered his military command to put Russia’s deterrence forces – a reference to units which include nuclear arms – on high alert, citing aggressive statements by NATO leaders and economic sanctions against Moscow. ‘As you can see, not only do Western countries take unfriendly measures against our country … More Russia’s Putin Puts Nuclear Forces On High Alert

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