Saudi Arabia

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 …

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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, …

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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 …

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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

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Russia resumes flights to five countries

Russia is officially resuming air service with Mexico, Iceland, Malta, Portugal, and Saudi Arabia starting Tuesday after flights were suspended amid the coronavirus pandemic last spring, according to a respective decision taken in the middle of …

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Iran confirms talks with Saudi Arabia

Iran confirmed publicly for the first time on Monday that it is in talks with its regional arch rival Saudi Arabia, saying it would do what it could to resolve issues between them. "De-escalation of tensions between the two Muslim …

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Saudi Arabia closing 8 Turkish schools

Saudi Arabia will shut down 8 Turkish schools affiliated with the Ministry of National Education operating in the capital Riyadh and other provinces at the end of the 2020-2021 academic year, according to information gathered by diplomatic …

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Can Iran and Saudi Arabia bury the hatchet?

Iranian and Saudi officials have reportedly been holding talks in Baghdad this month to discuss outstanding issues between the two countries, including recent attacks by Yemen’s Houthi rebels against Saudi infrastructure. Iraq’s prime minister was instrumental in arranging the meeting, according to a report in the Financial Times. As the news spread, the Saudis denied having held talks with Iran, as did outlets known to be close to Tehran. But Iran’s foreign ministry, while refusing to confirm or deny the reports, said that Iran welcomed talks with Saudi Arabia, Middle East Eye writes

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FM: Iran always welcomes dialogue with Saudi Arabia

Iran’s foreign ministry spokesman said on Monday that Tehran always welcomed dialogue with Saudi Arabia, but he did not confirm nor deny direct talks this month between the arch-rivals. "We have seen media reports about talks …

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