Saudi Arabia
SWCC and China’s ministry develop new seawater desalination technology
RIYADH — The Saline Water Conversion Corporation (SWCC) has embarked on developing new technology for seawater desalination in cooperation with the Chinese Ministry of Natural Resources through its Institute for Research and Desalination Technologies Establishment. The cooperation includes developing projects using reverse osmosis technology and evaporation technology, adopting a multi-stage effect method, in addition to …
Saudi Aramco profit drops after Covid-battered year, upholds dividend
A worker at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS | Getty Images Oil giant Saudi Aramco reported a 44% slump in full-year 2020 results, but maintained its $75 billion dollar dividend payout, with CEO Amin Nasser describing …
End of Qatar blockade is ‘a win for the region’: Saudi foreign minister
The end of the Gulf dispute is a win for the region, Saudi Arabia’s foreign minister told CNBC after announcing that relations between Qatar and four Arab countries have been fully restored. Leaders of the Gulf Cooperation Council and Egypt on Tuesday signed an agreement that aims to strengthen unity and cohesion. The deal came …
Israel’s Netanyahu flew to Saudi for Pompeo, crown prince meeting
Israeli Prime Minister Benjamin Netanyahu traveled in secret Sunday to the city of Neom on Saudi Arabia’s Red Sea coast for a meeting with Crown Prince Mohammed Bin Salman and Secretary of State Mike Pompeo, Israeli sources tell me. Why it matters: Israel and Saudi Arabia had a secret relationship for many years, but this …
Gulf markets mixed as Biden win is no ‘make or break’ for regional economies
DUBAI (Reuters) – Gulf stock markets were muted on Sunday after Joe Biden’s U.S. election victory, reflecting expectations that his administration will not bring radical changes to the region’s struggling economies. In Saudi Arabia, the stocks index .TASI declined 0.2% at market open but posted some gains in early trading and was up 0.3% at …
Saudi Aramco profit drops 50% for H1 2020 as pandemic batters oil price
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Oil giant Saudi Aramco has reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets …
Is spyware technology helping governments hack phones? | Technology
In October 2019, the encrypted messaging app WhatsApp filed a lawsuit against a little known Israeli technology company called NSO Group. It accused the group of being responsible for a series of highly sophisticated cyber-attacks on 1,400 of its users, many of them human rights activists, journalists and diplomatic officials. It was the latest twist …
Saudi eases coronavirus curfews, keeps 24-hour curfew in Mecca
DUBAI (Reuters) – Saudi Arabia eased curfews on Sunday across the country but kept 24-hour lockdowns in place in the city of Mecca and neighbourhoods previously put in isolation to curb the spread of the new coronavirus, state news agency SPA said. FILE PHOTO: General view of deserted streets, during the 24 hours lockdown to …
Oil deal starting with 10M barrel cut hinges on Mexico
DUBAI, United Arab Emirates (AP) — A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico’s agreement. OPEC and …
OPEC meeting to decide on historic output cuts
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russian Energy Minister Alexander Novak at the start of an OPEC and NON-OPEC meeting in Vienna, Austria, December 6, 2019. Leonhard Foeger | Reuters Some of the world’s largest oil producers will hold an emergency meeting on Thursday to try to agree on historic …
