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U.S. to send envoy to Saudi Arabia; Texas suggests oil output cuts
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market, officials said on Friday, as the U.S. scrambles to deal with a price crash so deep that regulators in Texas considered curbing production there for the first time in nearly 50 years.
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Saudi Aramco vows stable oil supplies even as borders, transit routes shut
"We have been carrying out continuous preventive plans in all our business areas, in addition to detailed emergency plans and leading medical support services, in order to reduce risks, ensure the best possible care and curb COVID-19 infection," he said.
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Saudi Arabia expects wider deficit in 2020 due to low oil price, coronavirus
Saudi Arabia’s budget deficit in 2020 could expand to as much as 9 percent of its GDP due to plunging oil prices and losses to businesses as a result of the coronavirus, the kingdom's finance minister said. In a news broadcast on Saudi state TV, Mohammed al-Jadaan said that the government has a contingency plan in place and flexibility due to spending cuts, borrowing and tapping reserves
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Saudi Arabia: Tax relief measures, coronavirus
The Kingdom of Saudi Arabia announced measures targeted specifically to provide relief for taxpayers by easing tax return filing and tax payment requirements for a limited time in response to the coronavirus (COVID-19) pandemic.
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Turkey, Israel Virus Cases Near 1,000
Countries across the Middle East also imposed new restrictions on movement of people, shut public places and rolled out measures to protect businesses. In Iran, the number of deaths reached 1,685, with total number of cases at 21,638.
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Corona clears traffic in Saudi Arabia; Jeddah resembles a ghost town
The reduction in traffic has had a knock-on effect on air pollution levels.As coronavirus continues to spread across the world, many countries have introduced measures to stay at home. The resulting shutdown of economic life has resulted in lower levels of air pollution as flights are grounded and factories grind to a halt.
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Commentary: Facing a two-front COVID-19 assault, Saudi Arabia pulls out the sledgehammer
While the COVID-19 outbreak has ravaged through most parts of the globe, Saudi Arabia stands out. The country is battling the coronavirus on two fronts as the kingdom is not only fighting to contain the pandemic but also facing an intensified economic fallout with the drastic plunge in oil price these past few weeks. On the first front, while the country has seen zero fatalities, the number of infections has soared in recent days, bringing the total to 238 on Thursday (Mar 19).
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Drastic decline in new coronavirus cases in Saudi Arabia’s Qatif
The city was locked down two weeks ago to contain the spread of the virus, and so far only four new cases have been reported, said Saudi health authorities on Sunday.
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Coronavirus Halts Military Travel In and Out of Iraq and Afghanistan
No U.S. forces will move into U.S. Central Command’s area of responsibility — a region that includes the war zones in Iraq and Afghanistan — under a 14-day “stop movement” order issued Friday by the U.S. military command responsible for the Middle East.
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G20 to forgo issuing statement after Monday’s call: source
The Group of 20 finance leaders will not issue a statement after Monday’s teleconference, a G20 source told Reuters, underscoring the challenge they face in garnering a consensus on how to deal with the rising economic risk from the coronavirus outbreak. The talks, which are scheduled for 1100 GMT, comes as the G20 faces pressure to take coordinated action against a pandemic that has jolted markets and stoked fears of a global recession.
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