Saudi Arabia

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China and Arab States boost e-commerce

China and Arab States boost e-commerce

Though the energy sector has been underpinning China-Arab trade ties, cross-border e-commerce has increasingly been turned to as a vital thoroughfare linking Arab states and their largest trading partner

Qatar appoints first ambassador to Saudi Arabia since rift

Qatar appoints first ambassador to Saudi Arabia since rift

Qatari Emir Sheikh Tamim bin Hamad Al Thani is further strengthening diplomatic ties to Saudi Arabia, reinstating an ambassador after a four-year-long regional dispute, Al Jazeera reports. Bandar Mohamed Abdullah al-Attiyah, who …

OPEC+ countries approve new production baselines

OPEC+ countries approve new production baselines

The ministers of OPEC+ countries agreed to extend the agreement until the end of 2022 with the main parameter of the deal - the production baseline - changing for some countries at a meeting on Sunday, a source participating in the talks …

OPEC crisis and future of Saudi-UAE alliance

OPEC crisis and future of Saudi-UAE alliance

The coronavirus pandemic hit the global oil industry hard. As countries imposed severe restrictions on domestic and international travel and transportation, the global oil demand drastically declined and oil prices collapsed, …

Flynas adds new flights between Georgia, Saudi Arabia

Flynas adds new flights between Georgia, Saudi Arabia

Saudi Arabia’s low-cost Flynas is increasing flight frequency between Georgia and Saudi Arabia, adding Qassim as a regular destination as of July 1, the Georgian Civil Aviation Agency (GCAA) announced.  The airline will …

Saudi Arabia pours money into domestic arms industry

Saudi Arabia pours money into domestic arms industry

One of the world's largest weapons importers, Riyadh wants at least half of its arms purchases to be from local sources by the end of the decade. Saudi Arabia plans to hugely expand its modest arms industry over the next decade, but doing so amid low oil prices and a pandemic-battered economy could prove challenging for the kingdom