BUSINESS II

OIL MARKETS

BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa al-Kadhini discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported late on Wednesday. The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ … Continue reading BREAKING NEWS | Saudi Crown Prince, Iraqi PM Discuss OPEC+ Oil Cut Pact: SPA

BREAKING NEWS | Saudi King Salman, Nigerian President Discuss Oil Market: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman bin Abdulaziz and Nogerian President Muhammadu Buhari discussed efforts taken to stabilize and rebalance global oil markets in a telephone call, Saudi state news agency SPA reported on Wednesday. The two leaders ‘stressed the importance of compliance, by all participants, to the OPEC+ agreement and the … Continue reading BREAKING NEWS | Saudi King Salman, Nigerian President Discuss Oil Market: SPA

BUSINESS | OPEC+ Panel Shifts date of Next Meeting To August 19: Sources

LONDON – An OPEC+ ministerial panel monitoring the group’s oil supply reduction deal will hold its next virtual meeting on Aug.19, a day later than previously planned, three OPEC+ sources said on Friday, without giving a reason for the date change. The panel, called the Joint Ministerial Monitoring Committee (JMMC), advises the Organization of the … Continue reading BUSINESS | OPEC+ Panel Shifts date of Next Meeting To August 19: Sources

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G20 SAUDI ARABIA

BREAKING NEWS | King Salman Discusses With Leaders Of China, India And Germany G20 Efforts To Combat COVID-19

MILAN | ITALY – Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud held telephone talks on Wednesday with Chinese President X1 Jiping. Discussions focused on the G20’s efforts to combat the novel coronavirus pandemic. King Salman stressed that as president of the G20 for 2020, Saudi Arabia is keen on working … Continue reading BREAKING NEWS | King Salman Discusses With Leaders Of China, India And Germany G20 Efforts To Combat COVID-19

BREAKING NEWS | King Salman, Russian President Discuss Efforts To Combat Coronavirus

Custodian of the Two Holy Mosques King Salman Bin Abdulaziz held telephone talks on Monday with Russian President Vladimir Putin. Talks focused on the meetings of the G20, whose presidency is chaired by Saudi Arabia for 2020. They also tackled group’s efforts in combating the novel coronavirus pandemic. King Salman expressed the Kingdom’s keenness on … Continue reading BREAKING NEWS | King Salman, Russian President Discuss Efforts To Combat Coronavirus

REAKING NEWS | King Salman Cites U.S.’ Mideast Peace Efforts In Phone Call With Trump

MILAN | ITALY – Saudi King Salman has called U.S. President Donald Trump to express his appreciation for the effort the U.S. is exerting toward achieving peace in the Middle East, the Saudi Press Agency reported early Monday. King Salman also reiterated the Saudi Arabia’s commitment to ‘a just and permanent solution to the Palestinian … Continue reading REAKING NEWS | King Salman Cites U.S.’ Mideast Peace Efforts In Phone Call With Trump

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GLOBAL ECONOMY

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

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

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

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BUSINESS

BUSINESS | Saudi Arabia’s July Crude Exports Tick Up From Historic Lows – JODI

MILAN | ITALY – Saudi Arabia’s crude oil exports bounced back to 5.73 million barrels per day (bpd) in July from 4.98 million bpd in June, official data showed on Thursday. June’s exports were the weakest recorded in data stretching back to 2002. Monthly export figures are provided by Riyadh and other members of the … Continue reading BUSINESS | Saudi Arabia’s July Crude Exports Tick Up From Historic Lows – JODI

BUSINESS | Israel, Dubai Diamond Exchanges Begin Strategic Collaboration

DUBAI – The Israel and Dubai diamond exchanges have signed an  agreement to promote cooperation in a deal certain to boost direct trade between the Middle East’s main diamond hubs. The agreement was announced on Thursday two days after Israel and the United Arab Emirates signed an historic agreement to normalize ties and marks a … Continue reading BUSINESS | Israel, Dubai Diamond Exchanges Begin Strategic Collaboration

WORLD NEWS | Trump Says He Would Sell Other Gulf Countries U.S. Weapons Systems

MILAN | ITALY – U.S. President Donald Trump on Tuesday said he would be willing to sell other countries in the Middle East the same weapons systems sold to Israel, nothing the region’s wealth and saying it would be good for the United States and U.S. jobs. ‘They’ve very wealthy countries for the most part’, … Continue reading WORLD NEWS | Trump Says He Would Sell Other Gulf Countries U.S. Weapons Systems

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