|
QUOTED
“It is important that we do not exaggerate projections related to future decreases in oil demand due to events in China…OPEC and OPEC+ member countries will discuss market conditions (in March) and, if required, all options to ensure continued market balance.”
–UAE Minister of Energy Suhail al-Mazrouei, in comments echoing Saudi Arabia and other OPEC members that urge caution against “gloomy expectations” regarding the possible impact of the spread of the coronavirus on the global economy and oil demand. [nytimes.com]
|
|
|
|
TOP STORY
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release. [more]
|
|
TOP STORY
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters]
—-
A new rule from Israeli leaders will allow Israeli Muslims to go to Saudi Arabia for religious pilgrimages and permit business trips to the Kingdom, according to reports. [more]
|
|
TOP STORY
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings. [more]
|
|
MORE TOP STORYLINES
Via Reuters Editorial in reuters.com : Saudi Arabia’s foreign minister said Israelis were not welcome to visit the kingdom after Israel decreed that Israeli citizens could visit Saudi Arabia under certain circumstances, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” the U.S. broadcaster quoted Prince Faisal bin Farhan as saying.
|
Via Colby Connelly in agsiw.org : Saudi Arabia’s mining and metal and mineral processing industry contributes about $17 billion to the kingdom’s gross domestic product per year and employs approximately 250,000 people. Mining activities comprise 15% of the sector’s contribution while the remaining 85% is linked to the value created by the midstream and downstream processes that follow extraction.
|
in tradearabia.com : The Saudi Arabian General Authority for SMEs, known as Monsha’at, has recently announced its new partnership with online job platform for Saudi youth, Bidayati, a mobile-based jobs platform for young Saudis aged 16-30 who seek work. Employers can use it to find workers for full-time jobs, part-time jobs and internships. The platform is unique in that it does not require jobseekers to have a CV and uses a simple questionnaire and AI technology to recommend the right candidates for each job.
|
|
|
|
|
|
MORE ON THE KINGDOM AND BEYOND
|
|
|
|
|
The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, discussed the significant growth in investments between Saudi Arabia and Spain....[By Elias Al Helou via economymiddleeast.com]
|
|
|
| |
|
|
|
|
Saudi Arabia’s crude oil production reached in February 2024 a seven-month high of 9.01 million barrels per day (bpd), according to data from the...[By Elias Al Helou via economymiddleeast.com]
|
|
|
| |
|
|
|
|
GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023...[By Patrick Jowett via pv-magazine.com]
|
|
|
| |
|
|
|
|
Saudi Arabia’s holdings of US Treasuries reached $130.5 billion in February 2024, down $3.2 million month-on-month, new data released by the US Treasury showed.
Accordingly, the...[via argaam.com]
|
|
|
| |
|
|
|
|
The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%.
The decision applies traffic violations committed by Saudi nationals,...[via argaam.com]
|
|
|
| |
|
|
|
|
Rising Saudi Star Mohammed Elshehri has been announced as master of ceremonies at the 10th edition Saudi...[By Melanie Goodfellow via deadline.com]
|
|
|
| |
|
|
|
|
Saudi Venture Capital Company (SVC) released today its recent “Impact Report”, which revealed SVC’s contribution to achieving record growth rates. The report highlighted the impact...[via maaal.com]
|
|
|
| |
|
|
|
|
Pakistan’s foreign office said on Friday the South Asian country would continue its “constructive engagement” with the Kingdom of Saudi Arabia to enhance economic and...[via arabnews.com]
|
|
|
| |
|
|
|
|
Eng. Mahmoud Abdulhadi, deputy minister of tourism for destination enablement, emphasized that Saudi Arabia is providing promising opportunities for both Saudi and international investors to...[via saudigazette.com]
|
|
|
| |
|
|
|
|
The Defense Security Cooperation Agency has approved the sale of C-172 and AC/RC-208 aircraft contractor logistics support and training to Iraq, and multifunctional information distribution...[via defenceconnect.com]
|
|
|
| |
|
|
|
|
|
|
The 50-page plan developed by Trump adviser and son-in-law Jared Kushner is expected to include proposals addressing each of the major issues that have scuttled...[By Anne Gearan, Steve Hendrix and Ruth Eglash via washingtonpost.com]
|
|
|
| |
|
|
|
|
|
President Xi Jinping said on Tuesday China was sure of defeating a “devil” coronavirus that has killed 106 people, spread across the world and rattled...[By Tony Munroe via reuters.com]
|
|
|
| |
|
|
|
|
|
Speaking on condition of anonymity, U.S. officials said the plane was carrying fewer than five when it crashed, with one official saying initial information showed...[By Abdul Qadir Sediqi via reuters.com]
|
|
|
| |
|
|
|
|
|
According to U.S. Air Forces Central Command, U.S. aircraft dropped 7,423 munitions in 2019 — that’s the highest number of bombs released in nearly a...[By Shawn Snow via militarytimes.com]
|
|
|
| |
|
|
|
|
|
According to the National News Agency, the 2020 budget was passed by a vote of 49 to 13, with eight abstentions. The legislature approved a...[via cpifinancial.net]
|
|
|
| |
|
|
|
|
|
The spat between the president and the armed forces, is a “struggle to apportion blame for the tragedy,” said Mr. Harris. While the military says...[By Sune Engel Rasmussen via wsj.com]
|
|
|
| |
|
|
|
|
|
In its annual report, SIPRI said it had “identified information from 2015–17 on the value of arms sales by major Chinese arms companies,” and looked...[via navytimes.com via AP]
|
|
|
| |
|
|
|
|
|
his region has exerted a fascination over western wanderers since the days of the grand tour. Now fresh experiences amid its shifting sands are reframing...[By Rick Jordan via cntraveller.com]
|
|
|
| |
|
|
|
|
|
Israeli Prime Minister Benjamin Netanyahu withdrew his request for immunity from prosecution on Tuesday, hours before parliamentary proceedings on the subject were set to begin....[By Ilan Ben Zion via apnews.com]
|
|
|
| |
|
|
|
