BUSINESS NEWS | Russia Has No Objection To Earlier OPEC+ Meeting: Sources

LONDON – Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s preparations told Reuters on Sunday. Algeria, which currently holds the presidency of the Organization of Petroleum Exporting Countries (OPEC), has … Continue reading BUSINESS NEWS | Russia Has No Objection To Earlier OPEC+ Meeting: Sources

CORONAVIRUS NEWS | Google Launches Coronavirus Website In The United States

RIYADH | SAUDI ARABIA – Alphabet Inc’s Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus. The site (google.com/covid19), which consists of resources and links focused on the potentially deadly respiratory illness COVID-19, will … Continue reading CORONAVIRUS NEWS | Google Launches Coronavirus Website In The United States

BUSINESS | Oil Market Set For Record Surplus Amid Virus-Led Demand Slump: Goldman Sachs

LONDON – Goldman Sachs said the oil market could see a record surplus of about 6 million barrels per day by April, considering a bigger – than – expected surge in low-cost output, while a slump in demand was ‘increasingly broad’ triggered by the coronavirus outbreak. Brent was set for its biggest weekly loss since … Continue reading BUSINESS | Oil Market Set For Record Surplus Amid Virus-Led Demand Slump: Goldman Sachs

BUSINESS NEWS | Saudi GDP Growth Projected To See An Uptick This Year, Backed By Non –Oil Sector: Central Bank

RIYADH | Saudi Arabia’s economic growth is projected to see an uptick this year, backed by the non – oil economy, the country’s central bank governor said on Saturday. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed Al-Kholifey, also told an economic conference in Riyadh that it was too early to get the full picture of … Continue reading BUSINESS NEWS | Saudi GDP Growth Projected To See An Uptick This Year, Backed By Non –Oil Sector: Central Bank

Business | Saudi Cabinet Gives Go-Ahead For Businesses To Open 24/7 In Kingdom

Riyadh, Saudi Arabia – The Saudi Cabinet on Tuesday announced that businesses in Saudi Arabia are to be given the option to remain open 24 hours a day. Minister of Commerce and Investment Dr. Majid Al-Qassabi thanked King Salman and the Crown Prince Mohammed bin Salman for the decision, which he said would improve the … Continue reading Business | Saudi Cabinet Gives Go-Ahead For Businesses To Open 24/7 In Kingdom

BUSINESS | BMW and Daimler Team Up On Automated Driving

Bucharest, Romania – Some 1,200 developers at BMV and Daimler will team up to develop automated driving technology, the companies said on Thursday, the latest carmakers forced to pool their development resources at a time of shrinking margins. The strategic partnership will focus on developing technologies for assisted driving systems, automated driving on highways and … Continue reading BUSINESS | BMW and Daimler Team Up On Automated Driving