Saudi Arabia’s Drop in Production Benefits Oil Prices

Oil prices rose sharply on Monday, posting their largest single-session increase in three weeks, propelled by the entry into force of a further cut in Saudi production. A barrel of…

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Saudi Arabia: The Food and Drug Authority Approves The Tegistration of The Coronavirus Vaccine “Pfizer-Biontec”

The Food and Drug Authority announced today that it has approved the registration of the “Pfizer-BioNTech” Corona virus (Pfizer-BioNTech COVID-19 Vaccine) in the Kingdom of Saudi Arabia, after the company…

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Point of Sales in Saudi Arabia Recorded 6.88 Billion Riyals Last Week

The value of POS sales in Saudi Arabia decreased during the week ending on September 19, 2020, by 6% to reach about 6.88 billion riyals, compared to 7.33 billion riyals…

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Aramco Profits Fall 25% in the First Quarter

Saudi oil giant Aramco announced a 25% drop in first quarter net profit on Tuesday due to falling oil prices, saying the coronavirus crisis will dampen demand and profits year-round….

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Oil Prices Fall by 30% in One Day

Hülya Karahan: Production Editor istanbulpostcomtr@gmail   The three-year OPEC + production reduction agreement led by the Organization of Petroleum Exporting Countries (OPEC) led by Saudi Arabia and Russia and other…

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US Senate Fails to Overtake Vito Arms Embargo on Saudi Arabia

The US Senate on Monday failed to override the veto imposed by former President Donald Trump on legislation banning US arms sales to Saudi Arabia. The results of the vote…

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Saudi Arabia: “We Welcome the US Decision to Impose A Moratorium on Importing Oil from Iran”

The Saudi foreign minister welcomed the US decision to compel its allies to stop importing oil from Iran. “Saudi Arabia fully supports the move,” he said, “because it is necessary…

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Saudi Arabia paid for Missile System, Lockheed Martin

Us Dartment of Defense announced on Monday (4th) that the Pentagon represents the Kingdom of Saudi Arabia to Lockheed. Martin (LMT-US) paid a $9.46 million deposit for the THAAD missile…

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MARIAH CAREY’S FIRST CONCERT IN SAUDI ARABIA

In her first concert in Saudi Arabia, Mariah Carey told her audience: “You have stirred my emotions and my enthusiasm. Under the umbrella of the Saudi International Golf Championship, with…

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Trump: I Hope Saudi Arabia and OPEC will not Cut Oil Production

 President Donald Trump said on Monday he hoped Saudi Arabia and OPEC would not cut oil production, less than 24 hours after Riyadh announced its intention to cut oil exports…

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The British Company Stops Movie Theaters Project in Saudi Arabia

The British company Vue has decided to stop its project in Saudi Arabia, which consists of 30 movie theaters. We’re like other companies in other parts of the world,, said…

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Today A Historic Day for Saudi Women; Attend A Soccer Match for the First Time

  In Saudi Arabia, Friday’s match between rivals Al-Hilal and Al-Ittihad at Riyadh’s King Fahd International Stadium is historical as it will be the first time in the country’s history, women…

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