King Salman’s decree also means Prince Mohammed bin Salman, 31, will become deputy prime minister while continuing as defence minister, according to the BBC. Prince Mohammed bin Nayef, 57, has been removed from his role as head of domestic security, ...
Read More »Qatar flight ban begins as Gulf crisis grows
Several countries have cut ties with Qatar, accusing it of supporting terrorism in the Gulf region, according to the BBC. Qatari nationals in Bahrain, Saudi Arabia and the UAE have been given two weeks to leave. Qatar denies backing militants ...
Read More »Sinkhole opens at Trump’s Florida retreat
The town of Palm Beach, where Mr Trump’s retreat is located, tweeted a traffic alert on Monday morning about the 4ft by 4ft (1.2m) road cavity, Joinfo.com reports with reference to the BBC. City officials tweeted that the hole had ...
Read More »Trump urges Middle East to ‘drive out’ Islamist extremists
Trump, who generated controversy with his push to ban many Muslims from entering the United States, described the fight against terrorism as a battle between good and evil rather than a clash of civilizations, according to Reuters. “America is prepared ...
Read More »Trump launches first foreign tour to Saudi Arabia
With delicate diplomatic meetings facing him, including three summits, Trump faces a challenge of advancing his “America First” agenda without alienating key allies during his first trip abroad, Joinfo.com reports with reference to Reuters. Stepping off Air Force One in ...
Read More »Russia overtakes Saudi Arabia as the world’s largest producer of crude oil
Russia pumped 10.49 million barrels a day in December, down 29,000 barrels a day from November, while Saudi Arabia’s output declined to 10.46 million barrels a day from 10.72 million barrels a day in November, according to data published Monday ...
Read More »Saudi Arabia cut oil output to lowest in two years, predicts further decline
Energy Minister Khalid al-Falih said output had fallen below 10 million barrels per day – more than it had promised as part of a global output cut deal between OPEC and non-OPEC producers, Reuters reports. Such levels were last seen ...
Read More »Ukraine will supply first An-132 to Saudi Arabia in early 2017
This aircraft was designed and built with the use of Europe- and U.S.-supplied components, as well as domestic ones, according to Oleksandr Khokhlov, the director of the An-132 program and deputy chief designer at Antonov, UNIAN reports. “Now the aircraft ...
Read More »Saudi Arabia plans to end ‘addiction’ to oil
Deputy Crown Prince Mohammed bin Salman said Riyadh would raise the capital of its public investment fund to 7 trillion riyals ($2 trillion) from 600 billion riyals ($160 billion) and would sell up to five percent of shares in state ...
Read More »OPEC unlikely to cut output in June
OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according to OPEC sources and delegates, as it will be too early to say how fast Iranian output is rising, Reuters ...
Read More »Antonov State Enterprise presented a video of a new Ukrainian multi-purpose transport aircraft An-132
President of Ukraine Petro Poroshenko published the presentation of the AN-132 on his page on Facebook, Joinfo.ua reported. Antonov State Enterprise, a member of Ukroboronprom group, presented a video of a new Ukrainian multi-purpose transport aircraft An-132. On February 21, ...
Read More »Russia and Saudi Arabia agreed to freeze oil output
The Saudi, Russian, Qatari and Venezuelan oil ministers held a previously undisclosed meeting in Doha to discuss joint measures on tackling a growing oversupply of crude, Reuters reports. The participants announced the proposal on joint action to tackle a growing ...
Read More »Saudi Arabia cuts diplomatic ties with Iran
Adel al-Jubeir, the Saudi foreign minister, announced on Sunday, that Iranian diplomatic mission was asked to leave the kingdom within 48 hours, Joinfo.ua reports with reference to Al Jazeera. After Saturday’s attack on its embassy in Tehran, the Kingdom of ...
Read More »Oil prices dropped to their lowest in 11 years
Brent crude prices have dropped by nearly 19 percent this month, their steepest fall since the collapse of the failed U.S. bank Lehman Brothers in October 2008, Reuters reports. The U.S. crude futures dropped 31 cents to $34.42 a barrel, ...
Read More »Ukrainian Antonov will supply AN-178 aircrafts to the Kingdom of Saudi Arabia
December 17, State Enterprise Antonov Company and Taqnia Aeronautics signed a Memorandum of Understanding confirming the intention of Ukrainian company to supply 30 multipurpose AN-178 aircrafts to the Royal Saudi Air Force, Joinfo.ua reports with Antonov press center. President of ...
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