Source of the photo: ednews.net.
12 May 2020

Saudi Arabia: ARAMCO Profits Dive 25 Percent after Oil Price Plunge

On May 12, 2020, ARAMCO the Saudi state's own giant company reported a 25 percent fall in first-quarter net profit, below analyst estimates, after it was hurt by a plunge in crude oil prices as the coronavirus slashed demand. Brent crude prices fell 65 % in the first quarter before the world’s
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16 Apr 2020

G20 Agrees Debt Freeze for World’s Poorest Countries

On April 15, 2020, finance officials from the Group of 20 major economies agreed to suspend debt service payments for the world’s poorest countries from May 1 until the end of the year, as a group of private creditors also backed offering debt relief. The actions to freeze both principal repaym
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SAUDI Arabia Resumes Talks with Yemen’s Houthis as Truce Falters
15 Apr 2020

Saudi Arabia Resumes Talks with Yemen’s Houthis as Truce Falters

On April 14, 2020, sources familiar with the discussions, informed that Saudi Arabia has resumed indirect talks with Yemen’s Houthi movement to cement a faltering ceasefire after the World Health Organisation warned of a pending explosion of Covid-19 cases in the war-torn country. The ceasefire
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08 Apr 2020

Saudi Arabia Announces Yemen Cease -Fire Amid Corona Virus Pandemic

On April 08, 2020, in a statement of Saudi Arabia’s state news agency, the Saudi-led coalition fighting the Houthi rebels in Yemen, announced that its forces would begin a cease-fire starting with April 09. In the statement, the spokesman of Saudi Arabia’s state news agency, Col. Turki al-MAL
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04 Oct 2016

New Measures Adopted in Order to Boost Saudi Arabia’s Economy

The end of September 2016 proved to be eventful for the Kingdom of Saudi Arabia: the country announced a severe drop in public spending, by cutting ministers’ salaries and bonuses, while offering concessions in the OPEC meeting (held in Algeria, 28 September), agreeing to slash the oil production
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16 Sep 2016

Political Implications Mounting During Hajj 2016

The hundreds of thousands of Hajj pilgrims are preparing to return home after traveling from around the world to Saudi Arabia for the five-day pilgrimage, one of the five pillars of Islam, a duty for the Muslim believers considering they are fit and able. This represents one of the largest world’s
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07 Jan 2016

Saudi Arabia’s Executions and a Tumultuous Chain of Events

The Kingdom of Saudi Arabia severed ties with Iran on Sunday, 3rdof January, in relation with the incidents that took place in the Saudi embassy in Tehran, putting strain on an already volatile regional environment. The step represents the worst diplomatic crisis between the two countries since 1987
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