Saudi Cabinet Authorizes Minister To Negotiate With Singapore On Draft Energy Memorandum

The Saudi cabinet said on Tuesday it has authorized the energy minister to negotiate with Singapore regarding a draft memorandum of understanding in the field of energy, state news agency (SPA) reported citing a cabinet statement. ‘The cabinet authorised the minister of energy – or his representative – to negotiate with the Singaporean side on … More Saudi Cabinet Authorizes Minister To Negotiate With Singapore On Draft Energy Memorandum

Saudi Cabinet Approves Establishing Bank Of SMEs

Saudi Arabia’s Cabinet on Tuesday approved establishing the bank of small and medium enterprises, state news agency (SPA) reported. ‘The SMEs Bank brings together all financing solutions under one umbrella to enable the small and medium enterprises sector to access appropriate financing and chive stability and growth’, the Ministry of Commerce wrote on Twitter. ‘The … More Saudi Cabinet Approves Establishing Bank Of SMEs

NEWS ALERT | Saudi Arabia Condemns Vienna Attack: Such Acts Contradict All Human, Religious Values

MILAN | ITALY – – The Saudi government strongly condemned on Tuesday the recent terrorist attacks that have taken place in the Afghan capital Kabul, the French city of Nice and the Austrian capital Vienna. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held virtually from Neom … More NEWS ALERT | Saudi Arabia Condemns Vienna Attack: Such Acts Contradict All Human, Religious Values

NEWS ALERT | Saudi Arabia First In Arab World For Issuing Scientific Papers On Virus

NEOM – Saudi Arabia was ranked first in the Arab World for issuing scientific papers on the coronavirus, the government heard on Tuesday. King Salman chaired a virtual session of the cabinet which reviewed various aspects related to the fight against the spread of the virus. The Kingdom ranked 25th globally and 2nd in the … More NEWS ALERT | Saudi Arabia First In Arab World For Issuing Scientific Papers On Virus

BREAKING NEWS | Saudi Cabinet Denounces Attacks by Yemen’s Houthis On Saudi Arabia: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s Cabinet on Tuesday denounced Yemen’s Houthis for targeting the Saudi Arabia with eight armed drones and three ballistic missiles, state news agency (SPA) said in a statement. The statement called the attacks terroristic acts that target civilians and threaten the lives of hundreds of people. Earlier on Tuesday, … More BREAKING NEWS | Saudi Cabinet Denounces Attacks by Yemen’s Houthis On Saudi Arabia: SPA

NEWS ALERT | Saudi Arabia Supports Call For Immediate Ceasefire In Libya

RIYADH | SAUDI ARABIA – The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud, has supported the call for an immediate ceasefire in Libya. This came in a virtual session held yesterday where the Saudi Cabinet welcomed the Egyptian efforts calling for stopping fights and return to the political track in Libya, … More NEWS ALERT | Saudi Arabia Supports Call For Immediate Ceasefire In Libya

BUSINESS | Saudi Arabia Aims To Boost Investment With New Mining Law

RIYADH | SAUDI ARABIA – Saudi Arabia’s cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities, state news agency SPA said, … More BUSINESS | Saudi Arabia Aims To Boost Investment With New Mining Law

NEWS ALERT | Saudi Cabinet Urges OPEC+ Countries To Further Reduce Production: SPA

RIYADH| SAUDI ARABIA – Saudi Arabia’s cabinet has urged OPEC+ countries to further reduce oil production rates to restore balance in global crude markets, state news agency (SPA) reported early on Wednesday. ‘The cabinet affirmed the Kingdom of Saudi Arabia’s endeavor to support the stability of global oil markets’, according to a statement. ‘The Kingdom … More NEWS ALERT | Saudi Cabinet Urges OPEC+ Countries To Further Reduce Production: SPA

NEWS | Saudi Cabinet Approves Establishing State-Owned Company For Mining Services: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s cabinet approved in principle setting up a state-owned, joint-stock company for mining services, states news agency (SPA) reported late on Tuesday. The statement did not add any further details on the size of capital or time frame of  setting up the company. Mining is key to kingdom’s reform … More NEWS | Saudi Cabinet Approves Establishing State-Owned Company For Mining Services: SPA

BUSINESS | Saudi Cabinet Says Ready To Take Any Extra Measures With Other OPEC+ Producers To Stabilise Oil Market

RIYADH | SAUDI ARABIA – Saudi Arabia said on Tuesday it is ready to take any extra measures with OPEC+ members and producers to achieve  oil market stability, state news agency SPA reported citing cabinet statement. ‘Kingdom is committed with Russia to implement productions cuts over next couple of years’, the cabinet statement said.