Reuters Names Alessandra Galloni As Its Next Editor – In – Chief

Reuters News has name one of its top editors, Alessandra Galloni, as it its next editor-in-chief, the first woman to lead the global – spanning news agency in its 170-year history. A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring this month after leading the newsroom for the past decade. … More Reuters Names Alessandra Galloni As Its Next Editor – In – Chief

Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka IPP PV power plat, the Kingdom’s first renewable energy project, the Saudi Press Agency (SPA) reported on Thursday. The launch of the Sakaka IPP PV and the signing power purchase agreements (PPA) for seven new projects are the result of King Salman’s … More Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

Audio App Clubhouse Floats Payments Feature For Creators

Audio – chat app Clubhouse said on Monday it will lunch a monetization feature for its creators on the platform and that it will not receive any payment from it. Starting Monday, all users will be able to send payments through the platform, Clubhouse said. The feature to receive payments will initially be available only … More Audio App Clubhouse Floats Payments Feature For Creators

Bezos, Musk Top Forbes’ Record – Setting Billionaire List

Forbes’ annual world’s billionaires list includes a record – breaking 2,755 billionaires, with Amazon.com Inc. founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra – wealthy are expanding after a year in which the coronavirus pandemic upended world economies and threatened the livelihoods of people … More Bezos, Musk Top Forbes’ Record – Setting Billionaire List

Saudi Arabia Increase Arab Light Crude Oil Price To Asia In May

Saudi Arabia increased the price of its Arab light crude for the Asian market by $0.4/barrel in May, compared to April, and lowered those for the U.S. and European markets by $0.1/barrel and $0.2 barrel respectively, according to a statement from oil producer Saudi Aramco. It set the Arab light price for Asia at +$1.8/barrel … More Saudi Arabia Increase Arab Light Crude Oil Price To Asia In May

Saudi Crown Prince Launches New ‘Partner’ Program Between Private, Public Sector

Saudi Arabia’s Crown Prince Mohammed bin Salman will be announcing the launch of a new program meat to strengthen the partnership with the private sector in the Kingdom. The Crown Prince announced the ‘Saudi Arabia’s Partner Program’ with the private sector during a virtual meeting with a number of ministers, as well as senior businessmen … More Saudi Crown Prince Launches New ‘Partner’ Program Between Private, Public Sector

UAE Cabinet Approves Program To Attract Remote Workers

The federal cabinet of the UAE approved a new system allowing professionals to reside in the Gulf state wile working remotely for employers abroad, a scheme that the emirate of Dubai launched itself in October. The UAE has taken several measures to attract wealthy foreigners as the COVID-19 pandemic and low oil prices have hit … More UAE Cabinet Approves Program To Attract Remote Workers

Saudi Aramco To Prioritise Energy Supply To China For 50 Yrs, Says CEO

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday. Saudi Arabia, the world’s biggest oil exporter, retained its position as China’s top supplier in … More Saudi Aramco To Prioritise Energy Supply To China For 50 Yrs, Says CEO

Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites

Saudi Arabia state oil giant Aramco on Sunday reported a 33.4 drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins, as the coronavirus pandemic depressed demand. Net profit fell to 183,76 billion riyals ($49.00 billion) for the year that ended December 31, from 330,69 billion riyals … More Saudi Aramco 2020 Net Profit Slumps 44.4% As COVID-19 Bites

U.S. Urges Saudi Arabia To Give Up Special Developing Nation Status At WTO

The United States called on Saudi Arabia on Wednesday to renounce its special and differential treatment in negotiations at the World Trade Organization (WTO), nothing the G20 member was designed as a high – income country by the World Bank. ‘Saudi Arabia is a wealthy and influential player in the global economy’, Washington said in … More U.S. Urges Saudi Arabia To Give Up Special Developing Nation Status At WTO