BUSINESS NEWS | Saudi Arabia Nominates Candidate To Bead WTO: Document

GENEVA – Saudi Arabia nominated a former economy and planning minister to head the World Trade Organization on Wednesday, a WTO document showed, amid a last –minute flurry of submission to succeed the incumbent Roberto Azevedo who is stepping down in August. ‘The following communication, nominating Mr. Mohammad Mazid Al-Tuwaijri for the position of Director-General, … Continue reading BUSINESS NEWS | Saudi Arabia Nominates Candidate To Bead WTO: Document

BUSINESS NEWS | Saudi Unemployment Falls In First Quarter, But Before Coronavirus Impact

RIYADH | SAUDI ARABIA – Unemployment among citizens in the first quarter fell below 12% for the first time in four years, official figures released on Tuesday showed, but they did not capture the impact of the coronavirus crisis. Unemployment fell to 11.8%  from 12% the previous quarter, the General Authority for Statistics said. ‘Data … Continue reading BUSINESS NEWS | Saudi Unemployment Falls In First Quarter, But Before Coronavirus Impact

BUSINESS | Saudi Arabia ups August Crude Prices To Asia

RIYADH | SAUDI ARABIA – Saudi Arabia’s state oil producer Aramco has hiked official selling prices (OSPs) for its crude to Asia by $1 a barrel in August, and raised the OSPs for almost all grades to Europe and the United States. Saudi Arabia has set the August price to Asia at plus $1.20 a … Continue reading BUSINESS | Saudi Arabia ups August Crude Prices To Asia

NEWS ALERT | Saudi Arabia Announces Haj Health Measures For Domestic Pilgrims

RIYADH | SAUDI ARABIA – Saudi Arabia announced health protocols to prevent the spread of the new coronavirus in the 2020 Haj Season, banning gatherings and meetings between pilgrims, the state news agency said on Monday. Saudi Arabia decided in June to limit the number of domestic pilgrims attending the Haj to around 1,000 to … Continue reading NEWS ALERT | Saudi Arabia Announces Haj Health Measures For Domestic Pilgrims

NEWST ALERT | Saudi Arabia Extends Validity Of Exit, Entry Visas For Expats

RIYADH | SAUDI ARABIA – Saudi Arabia will extend the validity of final exit visas for expats at no charge, an official source from the interior ministry said. The Kingdom will also extend the validity of expired residency visas, that end during the travel ban, for expats outside the state for a period of three … Continue reading NEWST ALERT | Saudi Arabia Extends Validity Of Exit, Entry Visas For Expats

BUSINESS NEWS | Saudi Non – Oil Private Sector Shrinks Again In June – PMI

RIYADH | SAUDI ARABIA – Saudi Arabia’s non – oil private sector shrank for the fourth straight month in June as measures to contain the spread of the new coronavirus continued to hit consumer demand, a survey on Sunday. The seasonally adjusted HIS Markit Saudi Arabia Purchasing Managers’ Index (PMI) fell to 47.7 in June … Continue reading BUSINESS NEWS | Saudi Non – Oil Private Sector Shrinks Again In June – PMI

NEWS | Saudi Crown Prince Congratulates President Of Somalia On Independence Day

RIYADH | SAUDI ARABIA – Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense has sent a cable of congratulation to President Mohamed Abdullahi Mohamed Farmaajo of the Federal Republic of Somalia on the anniversary of his country’s Independence Day. In hid cable, HRH Crown Prince Mohammed … Continue reading NEWS | Saudi Crown Prince Congratulates President Of Somalia On Independence Day

BUSINESS NEWS | Saudi Central Bank Governor Calls For More Lending From Commercial Banks

RIYADH | SAUDI ARABIA – Saudi Arabia’s central bank governor said it was encouraging commercial banks to lend more to sustain businesses during the coronavirus crisis. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed al-Kholifey was speaking at a virtual economic forum.

NEWS ALERT | Saudi Crown Prince, Nigerian President Discuss OPEC+ Deal Compliance

RIYADH | SAUDI ARABIA – Saudi Crown Prince Mohammed Bin Salman, in a phone call with Nigerian president Muhammadu Buhari, reviewed the current progress made on the OPEC+ deal, state news agency (SPA) said on Monday. Salman and Buhari also reviewed aspects of cooperation to enhance stability of oil markets, SPA added.

NEWS | Saudi Crown Prince Congratulates President Of Congo On Independence Day

RIYADH | SAUDI ARABIA – Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, has sent a cable of congratulation to President Felix Tshisekedi of Democratic Republic of Congo on the anniversary of his country’s Independence Day. In his cable, HRH Crown Prince Mohammed bin Salman wished … Continue reading NEWS | Saudi Crown Prince Congratulates President Of Congo On Independence Day