BUSINESS II

OIL MARKETS

ECONOMY | Saudi Aramco Plans Debt Market Comeback With Multi – Tranche Bond Deal

Saudi Aramco said on Monday it had hired banks for a multi – tranche U.S. dollar – denominated bond issuance, as the world’s largest oil company seeks cash amid lower oil prices. Gulf issuers have shown no sign of slowing this year’s blitz of issues on international debt markets as they work to plug issues … Continue reading ECONOMY | Saudi Aramco Plans Debt Market Comeback With Multi – Tranche Bond Deal

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G20 SAUDI ARABIA

NEWS ALERT | Kuwait’s Emir Congratulates Saudi Arabia On Success of the G20 Summit.

Kuwait’s Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah has congratulated Custodian of the Two Holy Mosques King Salman on the success of G20 Leader’ Summit presided over by Saudi Arabia. Sheikh commended the summit’s distinguished organization that contributed to reaching constructive decision and fruitful recommendations, especially with regard to strengthening international cooperation to confront the coronavirus … Continue reading NEWS ALERT | Kuwait’s Emir Congratulates Saudi Arabia On Success of the G20 Summit.

BREAKING NEWS | Saudi Crown Prince at G20 Summit: ‘Our Strength Lies In Our Unity’

Saudi Crown Prince Mohammed Bin Salman said Sunday that in the light of the coronavirus outbreak, cooperation among G20 countries has been important more than ever. ‘In light of the outbreak of Covid-19 and its health, economic, and social repercurssion, our cooperation has been important more than ever. Together we have addressed this challenge with … Continue reading BREAKING NEWS | Saudi Crown Prince at G20 Summit: ‘Our Strength Lies In Our Unity’

BREAKING NEWS | Saudi Arabia’s King Salman Urged G20 Cooperation on COVID-19 Crisis, Sustainability

The coronavirus pandemic has been an unprecedented shock for the world in an extraordinary year, Saudi Arabia’s King Salman bin Abdulaziz said during his G20 Riyadh Summit opening remarks , which he delivered virtually on Saturday evening. ‘The COVID-19 pandemic has been an unprecedented shock  that affected the entire world within a short period of … Continue reading BREAKING NEWS | Saudi Arabia’s King Salman Urged G20 Cooperation on COVID-19 Crisis, Sustainability

RIYADH SUMMIT | G20 Determined To Use All Tools To Contain Pandemic, Save Jobs, Incomes

G20 nations are determined to continue doing everything possible to contain the COVID-19 pandemic, warning in a draft communique that the global economic recovery remains ‘uneven, highly uncertain, and subject to elevated downside risks’. Bringing the pandemic under the control is the key to supporting a global economic recovery, the G20 leaders said in the … Continue reading RIYADH SUMMIT | G20 Determined To Use All Tools To Contain Pandemic, Save Jobs, Incomes

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GLOBAL ECONOMY

BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

RIYADH | SAUDI ARABIA  – Saudi Arabia’s Crown Prince Mohammed Bin Salman discussed with Russian President Vladimir Putin energy markets and the implementation of agreements by the oil producers group known as OPEC+ on Saturday. ‘Both sides have reiterated their willingness to continue close coordination in this area in order to maintain stability on the … Continue reading BREAKING NEWS | Saudi Crown Prince Discusses OPEC+ Agreements With Vladimir Putin

GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

RIYADH | SAUDI ARABIA – Financial leaders of the world’s biggest economies claimed a ‘historic achievement’ in reaching a framework to deal with heavily indebted poorer countries, which have been severely impacted by the coronavirus pandemic. The finance ministers and central governors of the G20 nations agreed at a virtual meeting organized by the Saudi … Continue reading GLOBAL ECONOMY | G20 Suspends poorer nations’ debt payment for 6 more months

BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

WASHINGTON – U.S. President Donald Trump and Saudi Arabian Crown Prince Mohammed bin Salman Bin Abdulaziz Al Saud discussed the fight against the coronavirus pandemic and ‘re-energizing global economies’ during a telephone call on Thursday, the White House said. The two leaders also discussed regional and bilateral issues and the prince ‘reaffirmed the strong United … Continue reading BREAKING NEWS | Trump, Saudi Crown Prince Discuss Economic Recovery From Coronavirus: White House

BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

NEW YORK  – Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … Continue reading BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

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BUSINESS

BUSINESS | Japan Nike Ad On Bullying, Racism Sparks Hot Online Response

MILAN – A video ad from Nike Japan against bullying and racism that features biracial athletes and other minorities, such as those of Korean descent, has prompted a sharp online response including calls to boycott the company. Japan has traditionally prided itself on being racially homogenous, although successful mixed – race athletes such as tennis … Continue reading BUSINESS | Japan Nike Ad On Bullying, Racism Sparks Hot Online Response

ECONOMY | Saudi Arabia To Issue Executive Regulations On Labor Reform Initiative Soon: Ministry Official

The Minister of Human Resources and Social Development will issue soon the executive regulations of the Labor Reform Initiative (LRI), Sattam Alharbi, Deputy Minister for Inspection and development of work environment, was cited by Saudi Press Agency as saying. The initiative, which falls under the Kingdom’s National Transformation Program, was launched by the ministry last … Continue reading ECONOMY | Saudi Arabia To Issue Executive Regulations On Labor Reform Initiative Soon: Ministry Official

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