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, … Continue reading 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, … Continue reading 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, … Continue reading 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 … Continue reading 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 … Continue reading 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.

ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

RIYADH | - Saudi  Arabia’s call for OPEC+ meeting is an extension to its previous efforts to achieve market balance and stability, the Saudi Cabinet said in a statement on Tuesday. ‘Saudi Arabia’s call for OPEC+ and a group of other countries to hold an urgent meeting, seeking to reach a fair agreement to restore … Continue reading ECONOMY | Saudi Call For OPEC+ Meeting Is An Extension To Its Efforts To Achieve Market Balance

BREAKING NEWS | Saudi Arabia Renew Its Calls To Bolster Efforts To Combat Nuclear Terrorism

RIYADH | SAUDI ARABIA - - Saudi Arabia renewed on Tuesday its call on the international community to boost all efforts aimed at combating nuclear terrorism. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired a cabinet meeting that was held in Riyadh. The ministers stressed the need to focus greater attention on … Continue reading BREAKING NEWS | Saudi Arabia Renew Its Calls To Bolster Efforts To Combat Nuclear Terrorism

BUSINESS | Saudi Arabia Approves Bank of China License To Open In Kingdom

RIYADH | SAUDI ARABIA – The Saudi Cabinet on Tuesday approved the granting of a license to Bank Of China to operate in the Kingdom and authorized the finance minister to decide on any request to open more branches. The brings up the number of non – Saudi licensed leaders in the Kingdom to 15 … Continue reading BUSINESS | Saudi Arabia Approves Bank of China License To Open In Kingdom

BREAKING NEWS | Saudi Cabinet Asks World To Put A Limit On Iran “Aggressive Behavior”

RIYADH, SAUDI ARABIA – Saudi Arabia’s cabinet on Tuesday renewed the Kingdom’s call for the international community “to put a limit” to what it described as Iran’s aggressive behavior and “sabotage acts”, the state Saudi Press Agency reported. The world’s top oil exporter has said preliminary indications shows Iran was to blame for the September … Continue reading BREAKING NEWS | Saudi Cabinet Asks World To Put A Limit On Iran “Aggressive Behavior”