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Saudi Arabia’s Post-Oil Plan Faces Cuts as Crude Plummets
Plans for a future after oil in Saudi Arabia are increasingly at the mercy of the present. A strategy to transform the Saudi economy, championed by Crown Prince Mohammed bin Salman, is likely to face deep budget cuts as the coronavirus pandemic and plummeting crude prices batter the economy, according to people familiar with the matter.
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Never-before-seen attackers are targeting Mideast industrial organizations
Researchers with Kaspersky Lab, the security firm that discovered the campaign, have dubbed it WildPressure. It uses a family of malware that has no similarities to any malicious code seen in previous attacks. It's also targeting organizations that don't overlap with other known campaigns.
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First U.S. service member dies from coronavirus
The Pentagon on Monday announced the death of a member of the New Jersey National Guard who tested positive for the coronavirus. Why it matters: It's the first U.S. service member — active, reserve or Guard — to die from the virus, according to the Pentagon. The guardsman passed away on Saturday after being hospitalized for the novel coronavirus on March 21.
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Saudi Arabia Invites Houthi Rebels to Talks in Riyadh
Saudi’s ambassador to Yemen, Mohammed al-Jaber, said the proposal for talks to end the five-year war, which has killed more than 100,000 people, remains on the table despite a flare-up in violence over the weekend. The Houthis haven’t yet responded to the offer, he said.
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Taliban kill dozens of Afghan forces in two attacks
The Taliban have killed about two dozen Afghan police and pro-government fighters, officials said Monday, in two attacks that come as the foes are supposed to be preparing for peace talks.
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Saudi king offers to pay for coronavirus patients’ treatment
Health Minister Tawfiq Al Rabiah said King Salman would cover treatment for citizens and residents diagnosed with the virus, urging people with symptoms to get tested. “We are all in the same boat,” he told a news conference, adding that Crown Prince Mohammed bin Salman was overseeing containment efforts “night and day”
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Saudi Arabia Unveils High Levels of Food Self-Sufficiency
“The Kingdom has achieved high levels of sufficiency in many agricultural products. These include 60 percent of self-sufficiency in poultry, with production of one million tons annually, 60 percent in vegetables, with local production of about 180,000 tons per month, 109 percent in milk and dairy products, which is more than 7.5 million liters per day, and 55 percent in seafood products,” Aba Al-Khail said.
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EU Ramps Up Trade System With Iran Despite U.S. Threats
In a move designed to circumvent sweeping U.S. sanctions on Iran, European countries closed their first transaction with the Islamic Republic using a trade mechanism that the Trump administration has heavily criticized. The move, announced Tuesday by Britain, France and Germany, underlined diverging European and U.S. strategies on dealing with Iran. European officials said they were confident that the transaction, the export of medical goods to Iran, would be the first of many despite past threats by U.S. officials that they could sanction the trade mechanism and people involved with it, if it provided a significant economic lifeline to Iran’s economy.
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HADAF to support 80,000 Saudis hired in private sector since last July
They can benefit from a support of 30 percent retrospectively for a period of two years, and an additional percentage is added to the support if the employee is a woman or a person with disabilities or the employment is in non-major cities or in a small establishment.
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Forsah platform registers over 9,000 Saudi SMEs
The Forsah platform is a link between buyers and suppliers, enabling the former to place orders electronically, which reach many accredited SME suppliers throughout the Kingdom so that these enterprises can bid on the basis of the field.
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