63.2 billion Riyals Foreign Transfers in Saudi Arabia within 5 Months Increased 14%

Remittances from foreigners in Saudi Arabia abroad during the five months of this year increased by 14 percent, equivalent to 7.7 billion riyals, to reach about 63.2 billion riyals, compared…

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The Lack of Business Travel has Negatively Affected Business Performance in Saudi Arabia and the UAE

A new study conducted by “Collinson” revealed that more than four-fifths of business travelers in the Kingdom of Saudi Arabia and the United Arab Emirates believe that their jobs have…

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Saudi Arabia’s Energy Facilities are Attacked Oil Prices Soar Above 70 U.S. Dollars

Saudi Arabia stated that after an attack on an energy facility in the country, oil prices broke through US$70 per barrel in early Asian trading, continuing the rise last week…

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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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