Saudi Arabia

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Over 90,000 mosques to reopen in Saudi Arabia

Over 90,000 mosques to reopen in Saudi Arabia

Over 90,000 mosques will reopen on Sunday after being sanitised, Saudi Press Agency announced. The Ministry of Islamic Affairs, Call and Guidance is all set to reopen more than 90,000 major and minor mosques across the Kingdom, …

Saudi Arabia announces 2,642 new coronavirus cases

Saudi Arabia announces 2,642 new coronavirus cases

Saudi Arabia has recorded another 2,642 new cases of coronavirus, taking the total number of coronavirus cases in the Kingdom to 67,719, the Ministry of Health announced, Gulf News reported. Despite an increase in daily confirmed …

Saudi Arabia to restart price war with Russia?

Saudi Arabia to restart price war with Russia?

The price war between Saudi Arabia and Russia on the global oil market may start again when prices return to the level of $50-55 a barrel, Department Director of S&P Global Ratings in Russia Alexander Gryaznov said. "Some kind …

Saudi Aramco to cut oil deliveries in June - Bloomberg

Saudi Aramco to cut oil deliveries in June - Bloomberg

Saudi Arabia stood by its pledge to curtail oil output under the OPEC+ deal, reducing shipments to the prized Asian market, Bloomberg reported citing sources. "Saudi Aramco cut contractual volumes for June loading to at least …

Moody's revises Saudi Arabia's credit outlook

Moody's revises Saudi Arabia's credit outlook

Moody's downgraded Saudi Arabia's sovereign outlook to negative from stable, citing increased downside risks to the kingdom's fiscal strength from the oil rout.  "The shock transmits mainly through the loss in …