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Saudi king urges solidarity to overcome ‘difficult period’ of coronavirus
“We are living through a difficult period in the history of the world, but we are fully aware that it will pass despite its cruelty, bitterness and difficulty,” the 84-year-old monarch said in a five-minute televised address.
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Oil gives back early gains to turn negative
Both U.S. contracts gained more than Brent because of U.S. plans to buy up to 30 million barrels of crude for its emergency stockpile by the end of June and reports that regulators in Texas might curtail output.
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Saudi Ministry of Commerce Takes Measures to Prevent Black Markets
Control teams working under the Saudi Ministry of Commerce and Investment carried out over 10,000 inspection rounds in the past few days. These inspections covered sales outlets across the Kingdom, and targeted warehouse suppliers, merchants, wholesale and retail outlets for food and basic goods, and centers selling medical products.
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Saudi Arabia suspending domestic flights, mass land transport in fight against COVID-19
Saudi Arabia is suspending domestic flights, trains, buses and taxis for 14 days in a heightened effort to stop the spread of the COVID-19, the Saudi Press Agency (SPA) said on Friday. Quoting a directive from the Ministry of Interior, SPA said the new measure will take effect at 6 a.m. on Saturday, March 21, 2020.
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Saudi Arabia announces $32 billion worth of measures to mitigate coronavirus impact
The financial stimulus package of these initiatives reaches more than $18.6 bn, which consists of exemptions and postponement of some government dues to provide liquidity to the private sector thereby enabling them to manage continuity of their economic activities, Al-Jadaan added.
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Saudi Arabia suspends prayers at Mecca, Medina mosques due to coronavirus
Saudi Arabia said it has suspended daily prayers and weekly Friday prayers at two mosques in Mecca and Medina because of the coronavirus outbreak. Saudi officials this week placed increasing restrictions on congregational prayers at mosques around the country as the number of those affected with the coronavirus disease continued to tick up.
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Kaspersky to offer Cyber Training in Saudi Arabia
As per the MoU, Kaspersky will support the SAFCSP in its CyberHub initiative, which will gather students from 28 different universities from across the region to set up specialised cybersecurity clubs.
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US seeks $3 billion to boost oil producers as prices plunge
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally.
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Trump cancels G7 at Camp David over coronavirus, to hold video-conference instead
Trump held a video-conference with the leaders of the world’s major industrialized countries earlier this week and plans to repeat that in April, May and June, when the physical meeting at the presidential retreat in Maryland was scheduled to take place.
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Texas oil production reduction considered by Railroad Commission
“A couple of Texas producers have inquired into the feasibility of the Railroad Commission prorationing production," said Travis McCormick, chief of staff to commission Chairman Wayne Christian. "No formal change in policy has been proposed. Staff is looking into what that change in policy would entail from a practical standpoint at the agency.”
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