Saudi Arabia

Global stock markets post biggest falls since 2008 financial crisis

Mar 11, 2020 07:55

Global stock markets posted their steepest falls since the 2008 financial crisis after a crash in the oil price amplified concerns about the escalating economic cost of the coronavirus outbreak. Almost £125 billion was wiped off the value of the Financial Times Stock Exchange (FTSE) 100 in the fifth-worst day in history for the index of leading UK company shares, as it plummeted by 7.7 percent to finish the day below 6,000 points, its lowest level since straight after the Brexit vote in 2016.
Iran at IAEA: Saudi claims about safety at Bushehr plant misleading

Mar 10, 2020 11:44

Iran’s envoy to the UN nuclear watchdog has rejected Saudi Arabia’s “misleading” claims about safety standards at the Bushehr power plant, warning against attempts at the International Atomic Energy Agency (IAEA) to politicize technical issues.
Saudi Arabia world’s largest arms importer, mainly from US, in past 5 years: SIPRI

Mar 10, 2020 04:38

Saudi Arabia has been the world’s largest arms importer over the past five years and has boosted by 130 percent its major arms imports, a study by the Stockholm International Peace Research Institute (SIPRI) shows.
Hamas condemns continued detention of Palestinian officials in Saudi Arabia

Mar 09, 2020 09:53

A Hamas spokesman has condemned the continued detention and prosecution of Palestinian figures in Saudi Arabia over their support for the Palestinian resistance movement, urging Riyadh to immediately release them.
Saudi crown prince wants to become king before G20 Summit: Report

Mar 09, 2020 05:19

Saudi Arabia’s ambitious Crown Prince Mohammed bin Salman is trying to become king before a G20 Summit planned for November in Riyadh, which he intends to use as a stage for his succession, the Middle East Eye reports.
Ex-OPEC envoy predicts further drop in oil prices

Mar 09, 2020 05:12

Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
Abdul-Mahdi: US pressuring Iraq to cut ties with Iran

Mar 09, 2020 05:03

Iraq’s caretaker prime minister said the US is pressurizing Baghdad to sever relations with Tehran, but Iraqis will never allow their country to become a staging ground for clashes between other countries.
4th member of Saudi ruling family arrested over coup plot

Mar 08, 2020 08:47

Saudi Arabia has detained a fourth member of the Aal-e Saud clan in a new purge of ruling family members over an alleged coup attempt to unseat King Salman bin Abdulaziz Aal-e Saud and his heir apparent Mohammed bin Salman (MBS).
WHO warns of global shortage of medical equipment to fight coronavirus

Mar 08, 2020 06:11

The World Health Organization (WHO) warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted.
Saudi Arabia plans to increase oil output next month, well above 10mn bpd: Bloomberg

Mar 08, 2020 05:03

Saudi Arabia, the world's top crude exporter, reportedly plans to increase oil output next month to more than 10 million barrels per day (bpd) after its OPEC+ alliance with Russia collapsed, a move that would throw oil market into chaos.