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Digitalising Saudi – Wave Media
Digitalising Saudi Arabian out-of-home media house Wave Media has just completed a one-year-long overhaul of its in-mall network, turning 90 per cent of its screens digital. The kingdom’s leading operator of in-mall signage now has more than 25,000 faces, located in more than 50 malls in more than 30 cities throughout the country. One third of the Saudi population, 11 million people, see Wave’s media every month.
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Saudi Arabia’s General Authority for Military Industries to develop 21 military technologies by 2030
“The new strategy identified 21 military technologies divided into seven categories: Electro-optics, directed energy, radar, radio, cybersecurity technologies, electromagnetic weapons and artificial intelligence.”
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Iraq, Kuwait Follow in Saudi Footsteps on Oil-Price Curbs
Iraq cut the official selling price for its Basrah Light crude for buyers in Asia by $5 a barrel for April shipments, according to an announcement on Tuesday. That’s less than the $6 reduction for Aramco’s comparable Arab Medium grade. Kuwait reduced its selling price to Asian customers by the same as the Saudis.
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Saudi Arabia’s Tajeer Rental System Includes over 300,000 Vehicles
Chairman of the PTA Rumaih al-Rumaih explained that the authority is working to develop the transportation sector, making it a priority due to its direct impact on the traffic and tourism. He indicated that the number of vehicles operating in the car rental sector exceeds 300,000.
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Former Saudi energy minister Falih may be tapped to defuse Russia oil tensions: source
Falih, who helped broker the OPEC-Russia alliance in late 2016 with Novak to stem what was then a three-year slump in crude prices through a series of production cuts, would be banking on his warm relationship with his Russian counterpart to smooth over tensions that have led to the biggest oil market rout in some 30 years.
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Saudi-Russia price war puts $110bn of US energy bonds on the brink
Almost 12 per cent of the $936bn of bonds issued by US oil and gas companies are were trading on Monday with a yield more than 10 percentage points above Treasuries — a commonly used definition of distress — according to indices run by Ice Data Services. Yields rise as prices fall.
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Total number of coronavirus cases in Saudi Arabia reaches 21
The patient is an Egyptian man who was passing through King Abdul Aziz Airport in Jeddah on the way to Cairo from New York. Health-monitoring, thermal-imaging cameras alerted airport staff that the man’s temperature was elevated.
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In Saudi’s Qatif Region, Residents Adapt to Coronavirus Lockdown
Vigilance against the infection appears high. Like others in the eastern region on the Gulf coast, Abu Ali and his family watched a religious sermon on their mobiles instead of gathering with other worshippers. Husseiniyas -- Shi'ite Muslim religious gathering places -- were empty on Monday when Qatif's large Shi'ite community commemorated the death of Sayida Zaynab, daughter of Imam Ali, considered the father of Shi'ite Islam.
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Saudi announces plan to boost oil production capacity for first time in years
Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in a statement on Wednesday.
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Saudis in VLCC chartering spree as oil war escalates
The kingdom’s national shipping arm Bahri provisionally booked at least 10 VLCCs, paying freight costs that were as much as 10 times more than average earnings on Monday, according to fixtures posted by Tankers International.
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