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File photo of the Saudi Aramco CEO and President Amin Nasser.
Spare production capacity is not responsibility of KSA alone: Aramco CEO
Saudi Gazette reportLONDON — Saudi Aramco CEO and President Amin Nasser said that the spare production capacity is not the responsibility of Saudi Arabia alone.Nasser made the remarks on Tuesday during his speech at the Energy Intelligence Forum 2022 in London. He added that the spare capacity amounts to 1.5% of global demand.The oil market does not focus on the fact that global spare capacity to increase oil production is very low, Nasser said.He clarified that the market focuses on what will happen to demand if there is recession in different parts of the world. He also added that they do not focus on the supply fundamentals.Nasser stressed that Aramco maintained its market in Asia despite European demand, while he pointed out that the problem of Europe lies in gas and liquefied gas...
October 04, 2022

Spare production capacity is not responsibility of KSA alone: Aramco CEO

Al-Jadaan attended the press conference in Riyadh along with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, after signing a memorandum of understanding for the establishment of IMF’s regional office in Saudi Arabia.
Al-Jadaan refuses to talk about budget and defends IMF
Saudi Gazette reportRIYADH — Saudi Arabia's Minister of Finance Mohammed Al-Jadaan refused to talk about the budget during a press conference on Monday.Saudi Arabia published its preliminary 2023 pre-budget statement last Friday. The Kingdom estimated public revenue in 2023 budget at SR1,123 trillion, and expenditures at SR1,114 trillion, with an expected surplus of SR9 billion.Al-Jadaan attended the press conference in Riyadh along with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, after signing a memorandum of understanding for the establishment of IMF’s regional office in Saudi Arabia.Answering a question, the minister preferred not to mention the announced preliminary budget estimates. He said in clear terms: “I will not talk about the budget.”On...
October 04, 2022

Al-Jadaan refuses to talk about budget and defends IMF

A joint meeting between the Saudi and Russian business sectors was held on Monday at the Riyadh Chamber with the participation of 23 Russian companies working in several economic sectors.
23 Russian companies discuss investment opportunities with Saudi business sector
RIYADH — A joint meeting between the Saudi and Russian business sectors was held on Monday at the Riyadh Chamber with the participation of 23 Russian companies working in several economic sectors.The meeting stressed the importance of commercial relations between the two countries, benefiting from investment opportunities and holding commercial partnerships to serve joint interests. The two sides praised the advanced level of relations that receive considerable concern from the leaderships of the two countries.Minister Plenipotentiary at the Russian Embassy in Riyadh Alexander Istomen said that Russian-Saudi relations are strong and have continued to witness further warming.He said that the meeting between the Russian and Saudi business sectors will expand economic cooperation fields,...
October 04, 2022

23 Russian companies discuss investment opportunities with Saudi business sector

Saudi Olympic & Paralympic Committee (SOPC) President Prince Abdulaziz bin Turki Al-Faisal, NEOM CEO Nadhmi Al-Nasr and with Acting OCA President Raja Randhir Singh after signing the host city contract.
Saudi Arabia's Trojena to host 2029 Asian Winter Games
Saudi Gazette reportJEDDAH — Saudi Arabia has won a bid to host 10th Asian Winter Games (AWG) for 2029 in Trojena, NEOM’s global destination for mountain tourism.The decision was announced at the Olympic Council of Asia (OCA) General Assembly on Tuesday in Cambodia. The General Assembly unanimously approved the Saudi proposal.Trojena will offer a unique experience including the GCC region’s first outdoor skiing.The Saudi Olympic & Paralympic Committee (SOPC) President Prince Abdulaziz bin Turki Al-Faisal said Saudi Arabia will host the Asian Winter Games as the first country in West Asia.“We will continue to place the Kingdom as one of the leading countries in sport,” he added.Trojena was the only candidate for the 2029 Asian Winter Games, which have not been held since 2017 as...
October 04, 2022

Saudi Arabia's Trojena to host 2029 Asian Winter Games

The concert titled “Masterpieces of Saudi Music” is a combined show between a Saudi band and the French orchestra and it is regarded as the first Arab participation in the history of the Chatelet Theater.
Saudi National Music Band to perform in Paris Friday
Saudi Gazette reportPARIS — The Saudi Music Commission will organize on Friday a concert at the famous Paris theatre and opera house - Théâtre du Châtelet. The Saudi National Music Band and Choir will perform along with the French Philharmonique Orchestra (The Orchestre Philharmonique). The concert titled “Masterpieces of Saudi Music” is a combined show between a Saudi band and the French orchestra and it is regarded as the first Arab participation in the history of the Chatelet Theater. This performance is aimed at enhancing cultural and musical cooperation between the two countries, as well as to promote the culture of Saudi music.The concert will include the participation of the Philharmonique Orchestra, along with 22 musicians and 40 singers from the Saudi National Band where...
October 04, 2022

Saudi National Music Band to perform in Paris Friday

The panelists are of the view that there should be some development and enhancement in the methods of preparation and presentation of the dish.
Riyadh symposium underscores need to globalize traditional Saudi dish Jareesh
Saudi Gazette report RIYADH — Speakers at a symposium on ‘Globalization of Saudi dishes’ underlined the need to promote the traditional Saudi dish Jareesh worldwide. Jareesh has all the potential to become an international brand of the dish if it was accorded more attention in certain aspects, they said while attending the symposium held on the sidelines of the Riyadh International Book Fair 2022 on Sunday. Jareesh is a simple, traditional Saudi dish using crushed wheat. It consists of whole wheat grains that are grinded and cooked with meat or chicken as desired. It is a very popular and well-known dish in the Arabian Gulf region. Jareesh began to spread from the Saudi region of Qassim, and from there it moved to the rest of the regions and neighboring countries, and its recipe...
October 03, 2022

Riyadh symposium underscores need to globalize traditional Saudi dish Jareesh

The SFDA was granted the Prism Award in the Middle East after winning first place for the best organization applying coaching practices in enhancing and improving leadership skills in human resources.
SFDA wins Prism Award for applying practices to enhance HR leadership skills
RIYADH — The Saudi Food and Drug Authority (SFDA) was granted the Prism Award in the Middle East after winning first place for the best organization applying coaching practices in enhancing and improving leadership skills in human resources, presented by the International Coaching Federation (ICF).ICF announced the winner during a ceremony held in Muscat, Oman, on Thursday, Sept. 29, 2022, to distribute the prizes.The Prism Award is a highly competitive international award designed to encourage organizations to adopt coaching as a concept and development tool per the highest standards. — SPA
October 03, 2022

SFDA wins Prism Award for applying practices to enhance HR leadership skills

Saudi consulate in Houston provides housing for citizens affected by Hurricane Ian
Saudi Gazette reportWASHINGTON — Saudi Arabia’s consulate in Houston in the United States of America provided hotel accommodation for Saudi citizens who were evacuated from Florida due to Hurricane Ian.Housing was provided for the affected people in a hotel in the port city of Mobile in Alabama. Shafi Al-Otaibi, Saudi consul general in Houston, visited the citizens at the hotel to reassure their condition, follow up on the services provided to them, and fulfill their requirements. The concerned authorities in Florida had issued orders for the compulsory evacuation of residents from several counties to save them from the effects of the Hurricane. The Saudi consulate earlier called on all citizens in the state to exercise caution and follow the instructions to deal with the effects of...
October 03, 2022

Saudi consulate in Houston provides housing for citizens affected by Hurricane Ian

The 9th Session of Saudi-South African Joint Committee kicked off here Monday in the presence of Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khorayef, South African Minister of Trade, Industry and Competition Ebrahim Patel and senior officials from both sides.
Saudi Arabia, South Africa inaugurate roundtable investment and commercial meet
PRETORIA — The 9th Session of Saudi-South African Joint Committee kicked off here Monday in the presence of Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khorayef, South African Minister of Trade, Industry and Competition Ebrahim Patel and senior officials from both sides.The two ministers inaugurated the roundtable investment and commercial Saudi-South African meeting that also includes representative from participating government institutions and several companies and investors from Saudi Arabia and South Africa.The two ministers also attended the Saudi-South African Business Council that was organized by the Ministry of Industry and Mineral Resources in cooperation with the Ministry of Investment, “Invest in Saudi” Program and the Federation of Saudi Chambers.As...
October 03, 2022

Saudi Arabia, South Africa inaugurate roundtable investment and commercial meet

The Ministry of Finance signed a memorandum of understanding (MoU) with IMF with regard to setting up of IMF’s regional office in the Kingdom.
IMF Chief: Saudi economy a bright spot amid global crises
Saudi Gazette report RIYADH — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that the performance of the Saudi economy is a bright spot amid global crises. She pointed out that the global economy has become bleak, saying, “we are going through difficult times.”Georgieva made the remarks during the 117th meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC) here on Monday. The meeting was chaired by Saudi Minister of Finance Mohammed Al-Jadaan. On the sidelines of the meeting, the Ministry of Finance signed a memorandum of understanding (MoU) with IMF with regard to setting up of IMF’s regional office in the Kingdom.The IMF chief stressed her keenness to discuss prospects of economic cooperation...
October 03, 2022

IMF Chief: Saudi economy a bright spot amid global crises

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