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Iran warns virus could kill ‘millions’ in Islamic Republic
Iran issued its most dire warning yet Tuesday about the outbreak of the new coronavirus ravaging the country, suggesting “millions” could die in the Islamic Republic if the public keeps traveling and ignoring health guidance.
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Iraq military bases: US pulling out of three key sites
The US army is pulling out of al-Qaim and two other key military bases in Iraq in the coming weeks. The decision to leave three of its eight bases in Iraq is a sign the US is looking to dramatically reduce its footprint in the country. It comes amid heightened tensions with the Iraqi government and Iran.
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Saudi-led coalition in Yemen destroys two explosive-laden boats: SPA news agency
The Saudi-led coalition in Yemen destroyed on Tuesday two explosive-laden boats launched and remotely-controlled by the Iran-aligned Houthi group from the province of Hodeidah, Saudi state news agency SPA reported.
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Spain says Saudi Arabia to call G20 meet on coronavirus in coming days
Saudi Crown Prince Mohammed bin Salman told Spanish Prime Minister Pedro Sanchez on Monday that he would call in the coming days an extraordinary G20 meeting to tackle coronavirus and its economic impact, Sanchez’ office said. Saudi Arabia is the host of the next G20 summit - an annual gathering of representatives of the world’s largest economies.
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Saudi Aramco Is ‘’Very Comfortable’’ With $30 Oil
Saudi Arabia is planning on drawing an extra 300,000 barrels per day out of its bloated storage to meet its promised exports in April, and claims it could keep its level of 12 million bpd of output for a year without any increased in spending.
- Bloomberg - Perspective: Saudi Aramco Hosts an Unreal Earnings Call
- Reuters - Saudi Aramco likely to sustain high April oil output through May: CEO
- CNBC - OPEC and IEA warn developing countries could lose up to 85% of oil and gas income this year
- Reuters - Oil plunge sets off search for tanks, revives dormant Cushing storage trade
- Reuters - Exxon pledges 'significant' spending cuts amid coronavirus, oil slide
- Reuters - U.S. shale oil output to rise to record 9.08 million barrels per day in April - EIA
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Saudi Arabia’s Maaden names new CEO
Saudi Arabian Mining Co. (Maaden) has appointed a new chief executive officer, whose position will be effective from 1 April, 2020. The new CEO, Mosaed Bin Suleiman Alohali, formerly held several executive positions at Saudi Basic Industries Corp (SABIC) and has an experience of nearly three decades in industrial management.
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Saudi Aramco likely to sustain high April oil output through May: CEO
State oil giant Saudi Aramco said on Monday it was likely to sustain higher oil output planned for April through into May, and that it was “very comfortable” with a price of $30 a barrel.
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India plans to top up strategic tanks with cheap Saudi, UAE oil – sources
“It is an opportune time for us and for them (Abu Dhabi National Oil Company and Saudi Aramco) to finalize the deals and fill the SPRs...If there is any delay, we might fill the SPRs on our own,” said an official familiar with the matter, asking not to be named.
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Saudi breaks record with Largest Mirrored Building in the World
A general view of Maraya concert hall in Alula Saudi Arabia. Located in the northwestern province of AlUla, Saudi Arabia, Maraya Concert Hall has set a Guinness World Records™ title for largest mirrored building in the world. "Maraya" means "mirrors" in Arabic, and the “mirrored wonder” got this name due to the giant mirrors attached to its structure which reflect AlUla's breathtaking landscape. This includes the Hegra region, which is the first historical site in the Kingdom of Saudi Arabia to be included in the UNESCO list of World Heritage sites.
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Saudi Arabia, UAE Close Cinemas Amid Ongoing Coronavirus Crisis
The announcements were made Sunday, with the UAE, the Gulf region's biggest market in terms of box office, and Saudi Arabia, which only opened its first public cinema in 2018 following a near 40-year ban, closing all theaters for a minimum of two weeks. The move makes Bahrain, Oman and Egypt the only Middle East countries to still have cinemas open for business.
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