Asia

Saudi, UAE compromise over OPEC+ policy, meeting to be held on Sunday

Editorial Bureau July 17, 2021

MOSCOW(RUSSIA) -OPEC+ ministers plan to hold their next meeting on Sunday to decide on output policy. The development comes after Saudi Arabia and the United Arab Emirates (UAE) reached a compromise last week in a dispute over OPEC+ policy, in a move that should unlock a deal to supply more

Middle East

Saudi Arabia prevents foreign travellers arriving for Haj pilgrimage amid COVID concerns

Editorial Bureau June 12, 2021

DUBAI (UAE) – Saudi Arabia has restricted the annual Haj pilgrimage to citizens and residents and set a maximum of 60,000 pilgrims in response to the coronavirus pandemic, reported the state Saudi Press Agency on Saturday. Only people aged between 18 and 65 who have been vaccinated will be able to take part, the ministry […]

Middle East

Saudi Arabia announces ban on Lebanese produce over drug smuggling

Editorial Bureau April 23, 2021

BEIRUT (LEBANON) – Saudi Arabia announced on Friday a ban on imports of fruits and vegetables from Lebanon. It criticised an increase in drug smuggling, in an attempt that will add to Lebanon’s economic woes. Lebanon is already in the throes of a deep financial crisis that is posing the biggest threat to its stability […]

Middle East

Efforts to repair relations between rivals, Saudi and Iran hold talks

Editorial Bureau April 18, 2021

In a bid to repair relations between the two regional rivals, four years after they cut off diplomatic ties, senior Saudi and Iranian officials have held direct talks. Iraq’s prime minister visited Saudi Arabia late last month. The report comes as Washington and Tehran try to revive a 2015 nuclear accord to which Riyadh had […]

Uncategorized

Saudi to support oil cuts by OPEC +, an effort to boost the prices

Editorial Bureau March 30, 2021

DUBAI (UAE) – Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June. In an effort to boost oil prices amid a new wave of coronavirus lockdown the country is also ready to extend its own voluntary cuts. With oil prices making steady gains earlier this year, OPEC […]

Middle East

Saudi Arabia hopes to have ‘excellent relations’ with Biden administration: Foreign minister

Editorial Bureau January 23, 2021

LONDON/DUBAI (UK/UAE) – The foreign minister of Saudi Arabia said on Saturday that the kingdom was hopeful that it would enjoy “excellent relations” with the new US administration of President Joe Biden, adding that talks would continue with Washington regarding the Iran nuclear pact. “I am optimistic. Saudi Arabia has built solid, historical

Business

Saudi cut likely to strengthen oil market de-stocking

Editorial Bureau January 10, 2021

LONDON (UK) – Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain the spread of the coronavirus batter oil demand, analysts say. Saudi Arabia, the world’s biggest oil exporter, surprised the market on Jan. 5 with a voluntary output […]

Middle East

Saudi Arabia’s G20 summit ambitions affected by COVID deals

Editorial Bureau November 20, 2020

RIYADH/BEIRUT (SAUDI ARABIA) – When Saudi Arabia, the world’s top oil exporter and a leading US ally, took over the G20 presidency in December 2019, hopes in the kingdom were high. A global summit would help rehabilitate the country on the international stage and turn the world’s attentions to key reforms launched by de facto […]

Middle East

Saudi to support Israel-Palestinian peace initiatives

Editorial Bureau September 9, 2020

RIYADH (SAUDI ARABIA) – A Saudi Arabian foreign minister said on Twitter on Wednesday that the kingdom supports all initiatives to find a comprehensive solution to the Israeli-Palestinian conflict and the establishment of a Palestinian state based on borders before the 1967 war.

Middle East

Saudi Arabia’s King Salman Tweets Eid greetings after leaving hospital

Editorial Bureau July 31, 2020

RIYADH (SAUDI ARABIA) – The kingdom’s ruler King Salman bin Abdulaziz, 84, posted his Eid al-Adha greetings on Twitter on Friday, shortly after leaving hospital. The custodian of Islam’s holiest sites left King Faisal hospital on Thursday after undergoing surgery to remove his gallbladder earlier in the week, according to the state news agency SPA. […]