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

BUSINESS | UNWTO Launches AlUla Framework For Community Development

Madain Saleh The World Tourism Organization (UNWTO) has launched the ‘AlUla Framework for Inclusive Community Development Through Tourism’, with a set of transformative tourism practices sustaining live hoods in local communities. Tourism Ministers of the G20 nations have committed to stepping up their efforts to place sustainability and inclusion at the heart of tourism recovery … Continue reading BUSINESS | UNWTO Launches AlUla Framework For Community Development

BUSINESS | Saudi Non – Oil Sector Sees Growth 1st Time In 7 Months

RIYADH | SAUDI ARABIA – An international survey revealed that the non – oil private sector in Saudi Arabia returned to growth last September for the first time in seventh months, amid an increase in demand after easing the general lockdown measures. ‘Business activity in the Saudi Arabia non-oil private sector ticked up in September, … Continue reading BUSINESS | Saudi Non – Oil Sector Sees Growth 1st Time In 7 Months

BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

MILAN | ITALY – Saudi Telecom Co has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters. STC, Saudi Arabia’s largest telecoms operator, sent  a request for proposals to international and local banks last week for Solutions by … Continue reading BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

BUSINESS | IAEA Providing support for Saudi Arabia As It Plans To Adopt Nuclear Energy: Saudi TV

MILAN | ITALY – The International Atomic Energy Agency (IAEA) director general Rafael Grossi was quoted on Monday as saying the Saudi Arabia was preparing to adopt nuclear energy and the agency was providing support, Saudi state TV Al-Ekhbariya reported. ‘Saudi Arabia is interested in nuclear energy and we are working on providing it with … Continue reading BUSINESS | IAEA Providing support for Saudi Arabia As It Plans To Adopt Nuclear Energy: Saudi TV

BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

RIYADH | SAUDI ARABIA - Saudi Arabia’s energy ministry is to offer assistance so that NEOM, a $500 billion high – tech development that includes tourism and sport facilities on the Red Sea, can be completed on Schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km development, first revealed in 2017 … Continue reading BUSINESS | Saudi Energy Ministry To Assist Development Of Mega Economic Zone Neom

BUSINESS | Saudi Aramco Establishes Corporate Development Organisation

RIYADH | SAUDI ARABIA – Saudi Arabia said on Sunday it established a corporate development organization to optimize the company’s portfolio. ‘Corporate Development is mandated to create value, assess existing assets and secure greater access to growth markets and technologies through portfolio optimization and strategic alignment’, the Saudi oil giant company said in a statement. … Continue reading BUSINESS | Saudi Aramco Establishes Corporate Development Organisation

NEWS | Saudi Sacks Officials At Tourism Projects On Suspicion Of Corruption

RIYADH | SAUDI ARABIA – Saudi Arabia sacked a number of officials at tourism projects including the historical northwestern site Al-Ula and the Red Sea mega projects on suspicion of corruption, state news agency SPA reported on Friday, citing a royal decree. The officials are under investigation over encroachment on lands belonging to those project, … Continue reading NEWS | Saudi Sacks Officials At Tourism Projects On Suspicion Of Corruption

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 Aramco To Press Ahead With Plan To Boost Output Capacity, CEO says

RIYADH | SAUDI ARABIA – Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group’s CEO said on Monday. Aramco’s capital spending plan for 2021 will be ‘significantly … Continue reading BREAKING NEWS | Saudi Aramco To Press Ahead With Plan To Boost Output Capacity, CEO says