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Flood of $25-a-Barrel Saudi Oil Heading for Europe
The Saudi shipments, coupled with unprecedented discounts, are turning the European oil market into the most bitterly fought corner of an increasingly acrimonious oil price battle between Riyadh and Moscow. Saudi Arabia is offering its flagship Arab Light crude into Rotterdam for roughly $25 a barrel, a massive discount to the price of Russia’s Urals.
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VLCC rates surge as Saudi Bahri charters 14 tankers ahead of Aramco output hike | S&P Global Platts
Bahri is one of the world's largest tanker companies with its own fleet of 42 VLCCs, but with Saudi Arabia stepping up output, it will need more tankers to store and deliver this output to prospective buyers, including refineries in the US, sources said.
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Saudi Arabia expands travel ban to and from EU, 12 more countries as coronavirus cases in Kingdom jump to 45
Included in the new travel ban are member-countries of the European Union that had earlier been left out in last Monday's travel ban list, as well as Switzerland, India, Pakistan, Sri Lanka, Philippines, Sudan, Ethiopia, South Sudan, Eritrea, Kenya, Djibouti, and Somalia.
- Arab News - Saudi students, educators take on virtual education challenge amid coronavirus suspension
- Reuters - Saudi Arabia to close cinemas until further notice over coronavirus
- Arabian Business - Saudi bans sale of shisha in cafes and restaurants, reports
- Reuters - G20 Agriculture and Water meeting in Saudi postponed over coronavirus - organizers
- 5 Pillars - Saudi urges Umrah pilgrims to request refunds over coronavirus ban
- CNBC - Three ways the coronavirus could have an impact on Middle East economies
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Ministry of Energy directed Saudi Aramco to raise maximum capacity
Saudi Aramco announces that it received a directive from the Ministry of Energy to increase its maximum sustainable capacity (MSC) from 12 million barrels per day (MMBD) to 13 MMBD.
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Saudi women rising up in business in line with Vision 2030
The World Bank report “Women, Business, and the Law 2020” recognized Saudi Arabia as the top reformer globally in the last year. Saudi Arabia implemented historic reforms to advance women’s economic participation. The measures introduced freedom of travel and movement for women over the age of 21.
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Shattered Ambitions: Unemployment is hurting youth in Arab world
According to a research conducted by YouGov in collaboration with Arab News and Arab Strategy Forum, 55 percent of the youth population (people under the age of 30) believe corruption is the biggest problem their countries are facing. The second major problem is unemployment, followed by a lack of trust in their respective governments.
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Dubai businesses, hurt by coronavirus, pin hopes on Expo
Luxury car rental dealer Sheshan Gautham had a disappointing start to 2020 when nearly two thirds of his Chinese clients canceled bookings in January due to the coronavirus outbreak. The business, Uptown Rent A Car, took the hit and Gautham thought the worst was over. But then Saudi Arabia, his biggest source of customers, halted flights to and from the United Arab Emirates this week to stop the virus spreading.
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Saudi’s AMAALA steps up design plans with Denniston appointment
“AMAALA carves a unique positioning within the global hospitality portfolio, catering to select travellers looking for innovative experiential escapes. Our ambition is to create personalised experiences, catering to the individual needs of each guest,” said Naples.
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Digitalising Saudi – Wave Media
Digitalising Saudi Arabian out-of-home media house Wave Media has just completed a one-year-long overhaul of its in-mall network, turning 90 per cent of its screens digital. The kingdom’s leading operator of in-mall signage now has more than 25,000 faces, located in more than 50 malls in more than 30 cities throughout the country. One third of the Saudi population, 11 million people, see Wave’s media every month.
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Saudi Arabia’s General Authority for Military Industries to develop 21 military technologies by 2030
“The new strategy identified 21 military technologies divided into seven categories: Electro-optics, directed energy, radar, radio, cybersecurity technologies, electromagnetic weapons and artificial intelligence.”
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