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GOVERNMENT

Saudi Arabia 'committed to ensuring the availability of oil supplies': Prince Abdulaziz
June 21, 2018

Saudi Arabia is 'committed to ensuring the availability of [oil] supplies,' Prince Abdulaziz said Wednesday, as OPEC debates whether to lift caps on its 1.8 million b/d output cut agreement with 10 non-OPEC partners.

OPEC is discussing a 'wide range of options, including bringing additional supplies to the market,' the prince, who also serves as Saudi Arabia's minister of state for energy affairs, said in prepared remarks at the OPEC"...

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Saudi Arabia to Launch ‘Masam’ Humanitarian Project next Week
June 21, 2018

Saudi Arabia will launch on Monday “Masam,” a humanitarian project represented by King Salman Humanitarian Aid and Relief Center (KSRelief), reported the Saudi Press Agency on Wednesday.

The project stems from the teachings of Islam, which call for helping the needy and preserving human life, dignity and health.

“Masam” is an extension of Saudi Arabia’s humanitarian role and its global message in this regard....

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Members of a Riyadh firm visit hospitals to help bring happiness during the holiday
June 21, 2018

It was like a dream came true for orphans at the rehabilitation center run by the Ministry of Labor and Social Development and for the patients at hospitals in Riyadh as a private firm turned up to celebrate Eid festivities with them.

Hospitality Board (HB), a Riyadh-based company in the food and consumer staples retailing sector, visited patients at different hospitals and distributed"...

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Iran to veto Saudi-proposed supply boost along with Venezuela and Iraq
June 20, 2018

Neftegaz.RU. Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna.

Speaking to Bloomberg on Sunday, Kazempour said «If the Kingdom of"...

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Afghan, Saudi officials discuss mechanism help bring peace in Afghanistan
June 20, 2018

National Security Adviser, Haneef Atmar in a telephonic conversation Tuesday with his Saudi counterpart Mohammad Saleh al-Ghafili, discussed the implementation and improvement of the Afghanistan, Saudi Arabia, United States and United Arab Emirates cooperation mechanism at the level of national security advisers.

The two sides emphasized that the mechanism would help peace and security"...

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Pak-Saudi ties moving from personal to strategic domain: report
June 20, 2018

Security think-tank Royal United Services Institute (RUSI) has said in a report that ties between Pakistan and Saudi Arabia have deepened and heading in a direction where the relation is becoming institutionalized increasingly addressing both countries’ strategic interests.

The report published on Rusi’s website on Monday noted that there have been recent difficulties in the"...

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Afghanistan, Saudi Arabia air corridor to open soon
June 20, 2018

Boosting expert capacity of public and private sectors, new air corridor for the first time is going to be opened between Afghanistan and Saudi Arabia with first ever Afghan goods cargo to Jeddah next week, official said Tuesday.

This is indication of new policy strategy of government at spurring growth and job creation by boosting the export capacities of the country’s private sector"...

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Houthis say launch missile at Aramco facility in Saudi Arabia
June 20, 2018

The Iran-aligned Houthi movement in Yemen said it launched a missile targeting a facility of oil firm Aramco in Asir in southwestern Saudi Arabia, Houthi-run media al-Masirah TV and SABA reported on Tuesday.

Following the report, an Aramco official told Reuters that the company’s facilities were “safe and are operating normally.”

SABA"...

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Saudi aid center delegation takes part in UN humanitarian affairs meetings
June 20, 2018

FaceOf: Gen. Fayyad bin Hamed Al-Ruwaili, Saudi military chief of staff

The military Chief of Staff of Saudi Arabia, Gen. Fayyad bin Hamed Al-Ruwaili, relayed Eid Al-Fitr greetings from King Salman and Crown Prince Mohammed bin Salman to members of the armed forces in the southern region.

Al-Ruwaili visited Prince"...

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New Investment Models Are Needed To Boost MENA Oil & Gas Competitiveness, Crescent CEO Tells OPEC Seminar
June 20, 2018

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added.

“We need new investment models that will create"...

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