BREAKING NEWS | Saudi Crown Prince and Trump Discussed Global Energy Markets Over Phone: State News Agency

RIYADH | SAUDI ARABIA – Saudi Crown Prince Mohammed Bin Salman and U.S. President, Donald Trump talked over the phone on Thursday and discussed global energy markets, according to  the state news agency. The Call comes after the United States invited OPEC’s main member countries to return to negotiations.

BREAKING NEWS | Spain Says Saudi Arabia To Call G29 Meet On Coronavirus In Coming Days

RIYADH – Saudi Crown Prince Mohammed bin Salman told Spanish Prime Minister Pedro Sanchez on Monday that he would call in the coming days an extraordinary G20 meeting to tackle coronavirus and its economic impact, Sanchez’ office said. Saudi Arabia is the host of the next G20 summit – an annual gathering of representatives of … Continue reading BREAKING NEWS | Spain Says Saudi Arabia To Call G29 Meet On Coronavirus In Coming Days

BUSINESS | Saudi, UAE Central Banks Roll Out $40 Billion Stimulus For Virus – Hit Economies

RIYADH – The central banks of the Saudi Arabia and United Arab Emirates (UAE), the two largest Arab economies, on Saturday announced stimulus plan worth a combined $40 billion to ease the impact of the coronavirus outbreak in their respective countries. The UAE regulator plans to support banks and businesses in the country, where the … Continue reading BUSINESS | Saudi, UAE Central Banks Roll Out $40 Billion Stimulus For Virus – Hit Economies

BUSINESS | Saudi Arabia Increase Oil Output To Record High

RIYADH | SAUDI ARABIA – Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount. The move seemed to make good on the country’s promise over the weekend to increase output after Russia refused to cooperate on cutting … Continue reading BUSINESS | Saudi Arabia Increase Oil Output To Record High

BUSINESS | Russia’s Energy Ministry Call Meeting With Oil Companies On Wednesday: Sources

BUCHAREST – The Russian Energy Ministry has called a meeting with oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters. ‘We plan to discuss whether to return to (cooperation with) OPEC or not’, one of the sources … Continue reading BUSINESS | Russia’s Energy Ministry Call Meeting With Oil Companies On Wednesday: Sources

TRAVEL ALERT | Saudi Arabia Extend Travel Ban To Oman, France, Germany, Turkey, Spain Over Coronavirus

RIYADH – Saudi Arabia has temporarily suspended land and sea travel to and from Oman, France, Germany, Turkey and Spain for citizens and residents to help stem the spread of coronavirus, state news agency SPA said on Monday. Quoting a source in the Interior Ministry, SPA said people coming from these countries – or who … Continue reading TRAVEL ALERT | Saudi Arabia Extend Travel Ban To Oman, France, Germany, Turkey, Spain Over Coronavirus

BREAKING NEWS | Saudi Crown Prince Holds Talks With Morgan Stanley Chief

RIYADH | SAUDI ARABIA – Crown Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defense, held talks in Riyadh on Tuesday with CEO of Morgan Stanley James Gorman, reported the Saudi Press Agency. Talks focused on Promising banking and investment opportunities in line with the Kingdom’s Vision 2030. They … Continue reading BREAKING NEWS | Saudi Crown Prince Holds Talks With Morgan Stanley Chief