Sunday, August 9, 2020

Saudi Arabia

Drastic decline in global crude price as fed cuts interest rate to zero

The Federal Reserve took yet another bold action on Sunday evening, announcing that the central bank would be slashing interest rates to zero percent. But the markets weren't impressed, with the Dow dropping over 2,000 points, and oil prices...

Coronavirus: Saudi Arabia temporarily prohibits pilgrimages to Mecca

The Saudi Kingdom has announced restrictive measures against citizens from coronavirus-affected countries. Riad has announced that pilgrims will be temporarily barred from entering Mecca in order to implement "international standards" to combat the spread of coronavirus worldwide. "The Kingdom says that...

America expels 21 Saudi military students

United States has expelled 21 Saudi military students after the deadly firearms attack on an American military base in Florida. During the investigation into the attack, jihadist material and child pornography were found, Attorney General William Barr said on...

Oil records $71.75, highest since mid-September 2019

Oil prices rose on Wednesday, as Brent crude futures recorded 68.94 dollars a barrel, an increase of 1%, as it rose earlier, recording 71.75 dollars per barrel, which is the highest increase since mid-September 2019, as futures contracts for...

Saudi Consulate in Hong Kong warns of SARS virus spread

Saudi Arabian Consulate in Hong Kong has warned its citizens that the Chinese authorities have announced 27 cases of severe acute respiratory syndrome (SARS) in Wuhan, central China, and according to Saudi foreign ministry, the embassy has warned of...

Jamal Khashoggi murder case: Saudi Arabia sentences five suspects to death

In the murder case of journalist Jamal Khashoggi, the judiciary in Saudi Arabia has sentenced five accused to death. On the other hand, two senior advisors to Crown Prince Muhammed bin Salman were exonerated, said the Prosecutor General in...

US President to sign $738 billion defense bill this week

The US Senate passed, on Tuesday, by an overwhelming majority, the annual defense bill of $738 billion, to pass to the President Donald Trump one of the most expensive defense budgets in the country's history. New bill will increase military...

Reform course: Saudi Arabia ends gender segregation in restaurants and cafés

Men and women are allowed to enter restaurants and cafés in Saudi Arabia in the future through the same entrance. In the strictly conservative country, the rule was that women and families must use one entrance and men another....

G20 presidency: Saudi Arabia to focus on women, climate protection and technical progress

Saudi-Arabia, with its chairmanship of the G20 group, wants to focus on topics such as women, climate protection and technical progress. The Saudi G20 Presidency, which began on Sunday, was designed to create conditions "in which all people -...

China supports Saudi Arabia to host next G20 summit

Chinese Foreign Minister Wang Yi said his country supports the G20 in giving priority to African affairs and strengthening efforts to help Africa overcome the obstacles of development and emerge from the "trap of underdevelopment" as he said, stressing...
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No Electrocutions Due To Ke Infrastructure

In a statement issued in local press, K-Electric expressed grief over the electrocution incidents reported through local media from...
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United Nations: Floods affect 38 million people in China and 1.4 million in Bangladesh

Stephen Dujarric, a spokesman for the United Nations Secretary-General, said that the floods are still affecting many countries in the Asian continent and caused...

G20 finance officials pledge to agree on digital services taxes this year

Financial officials in the Group of Twenty countries said today, that they are still committed to resolving disputes over digital services taxes and reaching...

Erdogan’s party postpones the legal holiday to pass a law imposing restrictions on social media

The ruling Justice and Development Party in Turkey, which is led by President Recep Tayyip Erdogan, is heading to postpone the legal holiday with...

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research, which he said would create...