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King, Crown Prince congratulate Queen of Denmark on Constitution Day
JEDDAH — Custodian of the Two Holy Mosques King Salman has sent a cable of congratulations to Queen Margrethe II of the Kingdom of Denmark on the anniversary of her country's Constitution Day.The King wished the queen continued good health and happiness, and the government and people of Denmark steady progress and prosperity.Crown Prince Mohammed bin Salman, Prime Minister, has also sent a cable of congratulations to Queen Margrethe II of Denmark on the occasion.The Crown Prince wished the queen continued good health and the government and people of Denmark steady progress and prosperity. — SPA
June 05, 2023

King, Crown Prince congratulate Queen of Denmark on Constitution Day

Crown Prince Mohammed bin Salman
Saudi Crown Prince unveils investment and privatization plan for sports clubs
Saudi Gazette report RIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman unveiled on Monday an ambitious investment and privatization plan for sports clubs, after completing the executive procedures for its first phase. Major companies and development agencies will be allowed to invest in sports clubs in return for a transfer of club ownership to them. Also, a number of sports clubs will be offered for privatization starting in the last quarter of 2023. These will be implemented under two tracks in the first phase of the project, the Saudi Press Agency reported. The project meant to realize the ambitious goal of bringing the Saudi Professional League to the list of the 10 best professional leagues in the world, and increase the league’s revenues from SR450...
June 05, 2023

Saudi Crown Prince unveils investment and privatization plan for sports clubs

President Nicolas Maduro arrives at King Abdulaziz International Airport in Jeddah on Sunday night.
Venezuelan President Maduro arrives in Jeddah
JEDDAH — Venezuelan President Nicolas Maduro arrived in Jeddah on Sunday.At King Abdulaziz International Airport, he was received by Deputy Governor of Makkah Region Prince Badr bin Sultan bin Abdulaziz; Minister of State and Cabinet Member Musaed bin Mohammed Al-Aiban, and a number of officials. — SPA
June 05, 2023

Venezuelan President Maduro arrives in Jeddah

Saudi Energy Minister Prince Abdulaziz bin Salman said that independent agencies will be assigned to verify the production capacity of each country.
Energy minister: Oil production cut decision is precautionary
Saudi Gazette report VIENNE — Saudi Energy Minister Prince Abdulaziz bin Salman said that the decision to cut oil production is a precautionary one. “We will continue to hedge as long as we do not see clarity and stability in the market, and our mission is to give the oil market clear data for stability,” he said while speaking to reporters after the end of the OPEC + meeting. Prince Abdulaziz pointed out that independent agencies will work with OPEC + countries with regard to evaluating their production in 2024, saying: “Independent agencies will end the previous controversy over production data in OPEC +.”Regarding Russia’s data, Prince Abdulaziz said, “we discussed with Russia the issue of its production and asked it to clarify its data, and we have strengthened the...
June 05, 2023

Energy minister: Oil production cut decision is precautionary

Minister of Industry and Mineral Resources Bandar Alkhorayef met on Sunday with the Egyptian Minister of Trade and Industry Ahmed Saleh in Cairo.
Saudi Arabia and Egypt discuss opportunities for cooperation in various sectors
Saudi Gazette reportCAIRO — Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef met on Sunday with the Egyptian Minister of Trade and Industry Ahmed Saleh.The two sides discussed during the meeting ways to enhance the Saudi-Egyptian bilateral cooperation to develop the industrial sector.They also reviewed opportunities for cooperation between the two countries, alongside the qualitative investment opportunities which the National Strategy for Industry provides.Alkhorayef and Saleh reviewed the industrial integration between the two countries, and to further increase the trade exchange opportunities, as well as stimulating access to industrial exports.The volume of Saudi Arabia's non-oil exports to Egypt during 2022 amounted to more than SR11 billion, while...
June 05, 2023

Saudi Arabia and Egypt discuss opportunities for cooperation in various sectors

NCM: Most Saudi regions to experience thunderstorms until Friday
Saudi Gazette report RIYADH — The National Center of Meteorology (NCM) has forecast thunderstorms in most regions of Saudi Arabia, starting from Monday until Friday. Medium to heavy thunderstorms accompanied by hail are expected to occur in the regions of Asir, Al-Baha, Jazan and Makkah from Monday to Friday, and in Madinah and Hail from Monday to Tuesday. All these regions will be affected by active downward winds, with a speed of more than 50 km/h, which may raise dust and lead to torrential rains. The regions of Al-Qasim, Najran, Riyadh, Tabuk, Al-Jouf, the Northern Borders, Al-Sharqiyah, and parts of Makkah will witness light to medium thunderstorms from Monday to Tuesday with active downward winds, with a speed of more than 50 km/h, which may raise dust.On its part, the...
June 05, 2023

NCM: Most Saudi regions to experience thunderstorms until Friday

The Architecture and Design Commission inaugurated the Saudi pavilion at the 4th edition of the “London Design Biennale” held at “Somerset House” in London.
Saudi pavilion at London Design Biennale inaugurated
RIYADH — The Architecture and Design Commission inaugurated the Saudi pavilion at the 4th edition of the “London Design Biennale” held at “Somerset House” in London.The ceremony, held under the theme “Remapping Collaboration,” was attended by the CEO of the Commission, Dr. Sumaya Al-Sulaiman, as well as several officials from the British government and other countries.The Saudi pavilion at the biennale showcases an artwork titled “Mansooj” or “Woven,” created in collaboration with the curator and designer Ruba Al-Khaldi, an expert in innovation and strategic design, and the curator and designer Lojain Rafaa, known for her work with organic and modern materials.The “Mansooj” artwork provides visitors with an interactive and creative experience, where their visions...
June 04, 2023

Saudi pavilion at London Design Biennale inaugurated

Saudi Arabia announces further oil cut of one million bpd
RIYADH — Saudi Arabia will implement an additional voluntary cut in its oil production, amounting to one million barrels per day, starting in July for a month that can be extended, an official source in the Ministry of Energy announced on Sunday.This will put the Kingdom’s oil production at 9 million barrel per day, and the Kingdom’s total voluntary cut will be 1.5 million barrels per day.The source explained that the Kingdom's additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting the stability and balance of oil markets."An official source in the Ministry of Energy in Saudi Arabia announced that, in addition to what was agreed upon in the OPEC+ meeting today, June 4, 2023, for the required production level...
June 04, 2023

Saudi Arabia announces further oil cut of one million bpd

Saudi Arabia to extend oil voluntary cut until end of 2024
RIYADH — Saudi Arabia will extend its voluntary cut of 500,000 barrels per day until the end of December 2024 as a precautionary measure, an official source in the Ministry of Energy announced on Sunday.The official source said that the decision comes in coordination with some countries participating in the OPEC+ agreement.This voluntary reduction from the required production level as agreed upon at the 35th ministerial meeting of OPEC Plus on June 4, 2023, the Ministry said. — SG
June 04, 2023

Saudi Arabia to extend oil voluntary cut until end of 2024

The Saudi Banks Media and Awareness Committee has launched an initiative that reveals the new methods of financial fraud.
Saudi banks launch initiative that reveals new financial fraud methods  
Saudi Gazette reportRIYADH – The Saudi Banks Media and Awareness Committee has launched an initiative that reveals the new methods of financial fraud.The committee said that the initiative, which is under the name of "Not normal", coincides with the emergence of recent groups that aim to benefit financially through exploitation.The groups use technical and social tricks and technical shortcomings, to create innovative fraudulent methods that exploit some clients.The initiative focuses on the most common fraudulent methods, which include: impersonating a bank employee; defrauding through anonymous calls and exploiting people by demanding their banking or personal information; defrauding customers through fake online stores and via phishing.Moreover, the initiative also focuses...
June 04, 2023

Saudi banks launch initiative that reveals new financial fraud methods  

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