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  • Saudis waste 33% of food each year; KSA loses SR40 billion annually from waste

    More than 33 percent of food is wasted in Saudi Arabia, costing the Kingdom SR40 billion ($10.6 billion) annually, according to a study conducted by the Saudi Grains Organization (SAGO). The nationwide field study showed that each individual in the Kingdom wastes almost 184 kg of food each year.

  • U.S. energy secretary hopeful Saudi, Russia to end oil row this week

    U.S. Energy Secretary Dan Brouillette said on Monday that after speaking with the energy ministers of Saudi Arabia and Russia he believes the countries will cut oil output and end their war over market share this week.

  • Succession Crisis in Iraq’s Popular Mobilization Forces

    While it took the Quds Force of the Islamic Revolutionary Guard Corps less than 24 hours to replace Major General Qassim Suleimani, Iraq's Popular Mobilization Forces is suffering more from its leadership succession woes.

  • India drops anti-dumping probe against MEG imports from Saudi Arabia

    India has dropped an anti-dumping investigation over imports of polyester feedstock monoethylene glycol (MEG) from Saudi Arabia, but will continue the effort against Kuwait, Oman, Singapore and the United Arab Emirates, the government said. In an order on Monday, the government said Reliance Industries Ltd asked in February for Saudi Arabia to be dropped, after the company had sought the investigation in December into cheaper MEG exports by all five nations.

  • Saudi Arabia’s PIF discloses 8.2% stake in cruise operator Carnival

    The stock has fallen about 30% since the close of March 25, a day before the PIF took the stake. Last week, Carnival said it was raising $6.25 billion in combination debt and equity and suspending its dividend payouts in an effort to ride out the health crisis. The company’s largest shareholder is Chairman Micky Arison, with a 17.07% stake, as of Jan. 16, according to Refinitiv data. SunTrust Bank holds a 7.33% stake in the company, as of Dec. 31.

  • Saudi Arabia Puts 24-Hour Lockdown on Big Cities to Curb Virus

    Saudi Arabia imposed a 24-hour lockdown on residents in all of its major cities Monday and ordered non-essential businesses to shut until further notice in an effort to slow the spread of the novel coronavirus. The curfew will apply in the capital of Riyadh as well as the cities of Jeddah, Dammam, Dhahran, Tabuk, Hofuf, Taif, Al Qatif and Khobar, the interior ministry said in a statement published on the official Saudi Press Agency. All commercial enterprises other than pharmacies, medical centers, groceries and a handful of other essential services must close, the ministry said.

  • Helping public health officials combat COVID-19

    As global communities respond to the COVID-19 pandemic, there has been an increasing emphasis on public health strategies, like social distancing measures, to slow the rate of transmission. In Google Maps, we use aggregated, anonymized data showing how busy certain types of places are—helping identify when a local business tends to be the most crowded. We have heard from public health officials that this same type of aggregated, anonymized data could be helpful as they make critical decisions to combat COVID-19.

  • Yemen’s warring parties accuse each other of attacking pipeline

    Yemen’s warring factions have accused each other of attacking an oil pipeline pumping station in the central province of Marib, where clashes have raged for weeks and displaced tens of thousands of civilians.

  • Iran to Ease Work Restrictions as New Virus Cases Decline

    Tehran province, the epicenter of the outbreak in Iran and the country’s economic linchpin, will be excluded from the plan that involves allowing two-thirds of government employees to return to work, Rouhani said in a coronavirus task-force meeting shown on state TV.

  • Abengoa, Sepco3 win contract for Saudi Arabia’s Jubail 3A desal plant

    Madrid Stock Exchange-listed Abengoa, which uses innovative technology solutions for sustainability in the infrastructure, energy, and water sectors, has won a contract alongside Chinese engineering and construction firm Sepco3 to construct the Jubail 3A reverse osmosis (RO) desalination plant for Saudi Arabia’s ACWA Power. Abengoa’s scope of work for the plant is worth more than $200m (SAR752.6m). The Seville-based firm will be responsible for the engineering, supply, and construction of the desalination plant, which is located to the south of Jubail in the Eastern province of Saudi Arabia.