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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
Pompeo Meets with King Salman, FM Prince Faisal bin Farhan in Riyadh
Secretary of State Mike Pompeo met with King Salman and Foreign Minister Prince Faisal bin Farhan in Riyadh today, photos from the Saudi Press Agency show.
On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman
Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base where the U.S. has deployed defense capabilities.
Secretary of State Pompeo Arrives in Riyadh for 3-Day Visit, his Second of 2020
Secretary of State Mike Pompeo arrived in Riyadh today for a three-day visit to meet with Saudi officials. During his visit to Riyadh, Pompeo is scheduled to meet senior Saudi leaders and visit Saudi Aramco’s Khurais oil field, which was targeted in a missile attack in September that both the kingdom and the U.S. blame on Iran. Tehran denied involvement […]
Saudi Cabinet Gives Approval to Saudi Export and Import (Exim) Bank, Launch Expected Soon
Saudi Arabia’s Council of Ministers has approved regulations for the creation of a new Saudi Export and Import (Exim) Bank on Tuesday during a session presided over by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace.
Princess Reema bint Bandar Gives First Interview to Arab Newspaper as Ambassador: ‘Saudi Arabia is Washington’s Closest Partner in Region’
Princess Reema bint Bandar gave her first interview with an Arab newspaper since assuming her position in Washington, telling Asharq Alawsat that Saudi Arabia is Washington’s closest partner in the region and that the strategic Saudi-American partnership is not affected by which party the president of the White House belongs to.
Will Saudi Arabia soon be an exporter of gas?
Saudi Arabia plans to start exporting gas and will soon make a major announcement on the topic, the country’s energy minister said.
Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area.
Pompeo, Saudi Counterpart Prince Faisal bin Farhan Meet in Washington Wednesday
US Secretary of State Mike Pompeo met with Saudi Arabia’s foreign minister Prince Faisal bin Farhan in Washington Wednesday to discuss Iran, Yemen, and other issues of mutual interest.
Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.
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Iran elections: Record low turnout but hardliners set for win
Iran has seen the lowest turnout in a parliamentary election since the 1979 revolution, with 42.6% of eligible voters casting their ballots. Officials had banned thousands of contenders, many of them reformers. Hardliners are set for big gains in the first vote since US sanctions resumed.
Saudi-led coalition says it foiled Red Sea attack by Yemen’s Houthis
The forces destroyed an unmanned boat laden with explosives that was launched from Hodeidah province in western Yemen, coalition spokesman Colonel Turki al-Malki said in a statement on Saudi state news agency SPA, without identifying the targets.
Iran Faces Long-Term Banking Woes Under Terror-Finance Watchdog Action
The Financial Action Task Force’s action against Iran was made more permanent by a little-noticed clause that gives the U.S. and its allies the ability to block removal of the sanctions even if Tehran adopts new antiterror and money-laundering regulations. The blacklisting and associated sanctions are expected to further choke Iran’s remaining financial and trade ties and politically isolate the country.
From Dubai to Mars, With Stops in Colorado and Japan
While this spacecraft was assembled on American soil, it will not be exploring the red planet for NASA. Hope is instead an effort by the United Arab Emirates, an oil-rich country smaller than the state of Maine and one that has never sent anything out into the solar system.
Pope Francis Warns Against ‘Unfair’ Middle East Peace Plans
In a speech Sunday during a visit to the Italian southern port city of Bari to reflect on peace in countries bordering the Mediterranean Sea, Francis lamented the many areas of war and conflict, including in the Middle East and Northern Africa. Francis spoke of “the still unresolved conflict between Israelis and Palestinians, with the danger of not fair solutions, and, thus, presaging new crises.”
Libyan Minister Chides UN, International Community for Failing to Protect His Country
The head of Libya’s internationally recognized government has criticized the international community for not supporting the Libyan people and Government of National Accord, who are under attack by rebel forces. He spoke at the opening of the UN Human Rights Council in Geneva. The president of the Presidency Council of the Government of National Accord of Libya, Faiez Mustafa Serraj, quickly departed from diplomatic niceties to complain about the lack of U.N. and international support for his beleaguered government.
Super-Size Solar Farms Are Taking Over the World
As many of the world’s major governments and corporations move to transition the global power supply away from fossil fuels, developers are transforming swaths of empty desert, agricultural land, and rural lakefront into vast solar energy farms. The mega-sized projects represent a new class of renewable power capacity that’s finally approaching the scale of coal-, oil-, and natural gas-fired plants.
The U.S.-Iran Pistachio War Is Heating Up
Relentless breeding of stronger rootstocks means U.S. pistachio saplings can grow to fruition in 4 years, rather than 7 to 10. Add to that improvements in irrigation and other technologies, and average U.S. yields have tripled to more than 3.5 metric tons of in-shell pistachio nuts per hectare, from just over 1 ton in 1980
MBC Group is Red Sea Film Festival’s main media partner
Red Sea International Film Festival has announced its principal partnership with MBC Group, the largest and leading multi-media company in the Middle East and North Africa region. The Red Sea International Film Festival’s opening ceremony on March 12 will be broadcasted on MBC TV.
UAE, Saudi partner to empower businesses in cross-border trade
The key highlights of the alliance between the two institutions include sharing of work streams that include insurance, reinsurance and collections cooperation; Commercial information and credit opinion sharing; cooperation in technical training programs; Trade promotions; SME programs, among others.
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