$15 billion project: Gulf countries to be linked by trains
First phase of the Gulf Railway Project, which is expected to be finalized in 2023, will connect Saudi Arabia, the UAE and Oman
Saudi Arabia
India saves Rs 5,000 crore on filling strategic oil reserves
The storages at Mangalore and Padur were half-empty and there was some space available in Vizag storage as well. These were filled by buying oil from Saudi Arabia, the UAE and Iraq.
Saudi pips Iraq as top oil supplier to India in April: trade
Saudi Arabia replaced Iraq as the top oil supplier to India in April after a gap of three months as refiners in Asia’s third largest economy were drawn by deep discounts on Saudi crudes, data obtained from sources showed.
Coronavirus cases in Gulf Arab region surpass 100,000
The number of coronavirus cases in the six Gulf Arab states surpassed 100,000 on Monday,
Russia, Saudi Arabia, and the USA: Slippery Oil Triangle
Following a deadlocked OPEC summit in February, Moscow and Riyadh announced they would ramp up production, sending already low prices tumbling, suggesting they have decided geopolitical interests trump purely economic ones.
Global military expenditure sees largest annual increase in a decade; China, India feature among top 5 spenders
The five largest spenders in 2019, which accounted for 62 per cent of expenditure, were the United States, China,
India, Russia and Saudi Arabia.
Saudi coalition ceasefire declared in Yemen to contain coronavirus
©UNICEF/Gabreez
UNICEF has been promoting hand-washing in Yemen.
9 April 2020
Peace and Security
A ceasefire declaration by Saudi Arabia in war-shattered Yemen that was due to come into effect on Thursday has been welcomed by United Nations chief António Guterres as a way to promote peace and slow the advance of COVID-19.
OPEC announces further supply cuts
This means a 500,000 barrels a day decrease from world markets from January 2020, in additon to the existing 1.2 million bpd cut arrived in October 2018.
Photo: OPEC
“Signs of hope in Yemen”
The momentum to reach a political settlement in Yemen “has been building”, the United Nations Special Envoy to the country told the Security Council on November 22nd, attributing the positive development to compromises on “a range of issues”.
Photo: ISPI
Saudi non-oil economy sees fastest growth for 4 years
Unemployment in Saudi Arabia has continued to lag a rebound in non-oil growth this year to the fastest since 2015