BUSINESS II

OIL MARKETS

BUSINESS | Saudi Crown Prince Discusses Oil Markets Stability With Russian President On Phone

RIYADH | SAUDI ARABIA – Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, received a phone call from President Vladimir Putin of the Russian Federation. During the phone conversation, they discussed the efforts being exerted to stabilize the oil markets, the Saudi Press Agency, SPA, reported. … Continue reading BUSINESS | Saudi Crown Prince Discusses Oil Markets Stability With Russian President On Phone

BUSINESS | Kuwait, Saudi To Halt Oil Production From Joint Field: Al Rai Newspaper

RIYADH|SAUDI ARABIA – Kuwait and Saudi Arabia have agreed to halt oil production from the joint Al-Khafji field for one month, starting from June 1, Kuwait’s Al Rai newspaper reported on Saturday. There was no immediate comment from Kuwaiti officials. Saudi Arabia and Kuwait have agreed with other members of the OPEC+ group of oil … Continue reading BUSINESS | Kuwait, Saudi To Halt Oil Production From Joint Field: Al Rai Newspaper

BUSINESS NEWS | Saudi Aramco Profit Falls 25% But Dividend In Line With Planned Payout For Year

RIYADH|SAUDI ARABIA –  Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year. Analysts has expected Aramco, which went public last year, to maintain payouts to … Continue reading BUSINESS NEWS | Saudi Aramco Profit Falls 25% But Dividend In Line With Planned Payout For Year

BUSINESS NEWS | Saudi’s Aramco Lowers Domestic Gasoline Princes

RIYADH | SAUDI ARABIA – Saudi Arabia’s Aramco said on Sunday it was lowering its domestic gasoline prices for May, with 91 grade and 95 grade falling to 0.67 riyals and 0.82 riyals per liter, respectively. The prices will effective from Monday, May 11, a company statement said.

Loading…

Something went wrong. Please refresh the page and/or try again.

G20 SAUDI ARABIA

G20| Saudi G20 Presidency Urges More Donation To fund Pandemic Response

RIYADH | SAUDI ARABIA – The Saudi presidency of the Group of 20 major economies on Thursday called for further immediate donations to fund the emergency response to the coronavirus pandemic and develop needed vaccines. The G20 secretariat said $1.9 billion had been donated by countries, philanthropic organizations and the private sectors toward an $8 … Continue reading G20| Saudi G20 Presidency Urges More Donation To fund Pandemic Response

G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

RIYADH| SAUDI ARABIA – Health ministers from the Group of 20 major economies discussed weaknesses in health systems that made the world vulnerable to the coronavirus outbreak and other pandemic, a statement said after a virtual meeting on Sunday. The Saudi G20 secretariat said that the ministers shared their national experiences, addressed necessary actions to … Continue reading G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

G20 | Saudi Arabia Pledges $500 Million To Global Fight Against Coronavirus

RIYADH | SAUDI ARABIA – Saudi Arabia, as the holder of the G20 Presidency, has pledged $500 million to international organizations to support global efforts in combatting the COVID-19 pandemic. ‘The pledge will support emergency and preparedness response, developing and deploying new diagnostics, therapeutics and vaccines, fulfilling unmet needs for international surveillance and coordination, and … Continue reading G20 | Saudi Arabia Pledges $500 Million To Global Fight Against Coronavirus

G20 | G20 Health Ministers To Speak Next Week About Coronavirus: Statement

RIYADH | SAUDI ARABIA – Health ministers from the Group of 20 major economies will speak by video conference on April 19 to address the impact of the new coronavirus on the global health sector and society, the Saudi  G20 Secretariat said on Monday. The meeting follows last month’s virtual meeting of G20 leaders, who … Continue reading G20 | G20 Health Ministers To Speak Next Week About Coronavirus: Statement

Loading…

Something went wrong. Please refresh the page and/or try again.

GLOBAL ECONOMY

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

BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … Continue reading BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources

BUCHAREST | ROMANIA – Saudi Arabia and Other Oil Producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday. One source said the dispute, which help up efforts to finalise the deal … Continue reading BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources

BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

RIYADH | SAUDI ARABIA – The Saudi energy minister gold a conference of the G20 group of the world’s largest economies on Friday that Ensuring affordable energy supply is key to facilitating a global economic recovery. ‘Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help … Continue reading BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

Loading…

Something went wrong. Please refresh the page and/or try again.

BUSINESS

BUSINESS | ZOOM Plans To Roll Out Strong Encryption for paying customers only

NEW YORK – Zoom, the video conferencing provider whose business had boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday. The company previewed its intentions on a call with civil … Continue reading BUSINESS | ZOOM Plans To Roll Out Strong Encryption for paying customers only

TRAVEL | Greece To Welcome Germans, Cypriots, Israelis In First Wave Of Visitors

BUCHAREST | ROMANIA – Greece will allow travellers from around two dozen countries including Germany, Cyprus and Israel to visit from mid-June without having to be quarantined, government officials said, part of gradual easing of coronavirus lockdown restrictions. ‘Travel will be some 20-25 countries whose nationals will be allowed to come’, a government source said, … Continue reading TRAVEL | Greece To Welcome Germans, Cypriots, Israelis In First Wave Of Visitors

BUSINESS NEWS | Macron Wants France To Be Europe’s Top Clean Car Producer

PARIS | FRANCE – President Emmanuel Macron announced an 8 billion euro plan on Tuesday to make France the top producer of clean vehicles in Europe and urge French carmakers to make vehicles in their own country. French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the … Continue reading BUSINESS NEWS | Macron Wants France To Be Europe’s Top Clean Car Producer

BUSINESS NEWS | Saudi Public Sector Employees Will Return To Work Starting May 31

RIYADH | SAUDI ARABIA – Saudi public sector employees will start returning to work gradually as of Sunday May 31, after more than two months of suspension amid strict measures to help curb the novel coronavirus outbreak. Public sector workers will eventually resume work as normal as of June 14, Minister of Human Resources Ahmed … Continue reading BUSINESS NEWS | Saudi Public Sector Employees Will Return To Work Starting May 31

Loading…

Something went wrong. Please refresh the page and/or try again.