Tag: Saudi
Written by Gabriel HerveyApril 5, 2020
OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources
News Business Article
DUBAI/MOSCOW: OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified. The delay came amid pressure from U.S. President Donald Trump for the Organization of the
Written by Gabriel HerveyApril 1, 2020
Saudi Arabia asks Muslims to put haj plans on hold
News Business Article
RIYADH: Saudi Arabia wants Muslims to wait until there is more clarity about the coronavirus pandemic before planning to attend the annual haj pilgrimage, the minister for haj and umrah said on state TV on Tuesday (Mar 31). Some 2.5 million pilgrims from around the world usually flock to the holiest sites of Islam in
Written by Gabriel HerveyMarch 28, 2020
Britain, US working with Saudi to repatriate citizens
News Business Article
RIYADH: Saudi Arabian Airlines will begin exceptional commercial flights this week to bring British nationals and their families back to the United Kingdom, and similar flights are being arranged for US citizens to return home, both countries said. Flights to London Heathrow will begin on Sunday (Mar 29) from Riyadh and later in the week
Written by Gabriel HerveyMarch 22, 2020
Commentary: Facing a two-front COVID-19 assault, Saudi Arabia pulls out the sledgehammer
News Business Article
ABU DHABI: While the COVID-19 outbreak has ravaged through most parts of the globe, Saudi Arabia stands out. The country is battling the coronavirus on two fronts as the kingdom is not only fighting to contain the pandemic but also facing an intensified economic fallout with the drastic plunge in oil price these past few
Written by Gabriel HerveyMarch 16, 2020
Saudi Arabia restricts movement, other Gulf states limit entry as coronavirus spreads
News Business Article
RIYADH: Saudi Arabia closed public spaces on Sunday (Mar 15) and announced a pause in most government operations while Qatar and Oman imposed entry restrictions as Gulf Arab states broadened efforts to contain the spread of coronavirus and support their economies. Saudi Arabia, the United Arab Emirates, Oman and Qatar reported new cases, raising the
Written by Gabriel HerveyMarch 9, 2020
Saudi Arabia locks down Qatif region, suspends schools over coronavirus
News Business Article
DUBAI: Saudi Arabia imposed a temporary lockdown on Sunday (Mar 8) on the eastern oil-producing province of Qatif, home to all 11 people in the kingdom who have tested positive for the coronavirus, and suspended all schools and universities nationwide. The interior ministry announced the lockdown in Qatif, which has a large Shi’ite Muslim population,
Written by Gabriel HerveyMarch 5, 2020
Saudi Arabia suspends ‘umrah’ pilgrimage over COVID-19 fears
News Business Article
RIYADH: Saudi Arabia on Wednesday (Mar 4) suspended the year-round “umrah” pilgrimage over fears of the new coronavirus spreading to Islam’s holiest cities, an unprecedented move that raises fresh uncertainty over the annual haj. The kingdom halted the pilgrimage for its own citizens and residents, on top of restrictions announced last week on foreign pilgrims
Written by Gabriel HerveyMarch 5, 2020
Saudi suspends ‘umrah’ pilgrimage over COVID-19 fears
News Business Article
RIYADH: Saudi Arabia on Wednesday (Mar 4) suspended the year-round “umrah” pilgrimage over fears of the new coronavirus spreading to Islam’s holiest cities, an unprecedented move that raises fresh uncertainty over the annual haj. The kingdom halted the pilgrimage for its own citizens and residents, on top of restrictions announced last week on foreign pilgrims
Written by Gabriel HerveyMarch 5, 2020
Saudi Arabia extends suspension of pilgrimages for Saudi citizens and residents
News Business Article
RIYADH: Saudi Arabia, which has already suspended pilgrimages to the two holy cities of Mecca and Medina for foreigners due to coronavirus concerns, extended the ban on Wednesday (Mar 4) to Saudi citizens and residents, state news agency SPA reported. Saudi Arabia reported its first case of the new coronavirus on Monday from an individual
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Commentary: Saudi Arabia’s new, radical oil strategy aims to keep prices low
PRINCETON, New Jersey: Saudi Arabia’s recent decision to crank up oil production represents a dramatic shift in its thinking about energy markets and its own reliance on oil revenues. Gone are the days when Saudi oil reserves were prudently managed for future generations. By no longer maintaining a specific oil-price band or retaining spare production