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Saudi Aramco CEO Amin Nasser
Aramco CEO: Plans for Durra gas field going ahead
Saudi Gazette reportRIYADH — Saudi Arabia reiterated on Monday that matters regarding the offshore Durra gas field, shared with Kuwait, were going ahead as planned. “The Durra field is proceeding as planned with the Kuwaitis, with no issues at this stage in terms of... the engineering and development," Saudi Aramco CEO Amin Nasser said while speaking to reporters.The Aramco chief said this following the remarks of the Iranian Foreign Ministry spokesman Nasser Kanaani that Tehran had informed Kuwait of its readiness to resolve the Durra field file through ‘technical and legal dialogue.’"We consider the issue of the Durra field as a legal and technical issue, and we stressed the rights of the Iranian people, and declared our readiness to talk with the Kuwaiti side in the...
August 08, 2023

Aramco CEO: Plans for Durra gas field going ahead

Royal Court Advisor Ahmad Qattan meets Uganda's Minister of Foreign Affairs Odongo Jeje Abubakhar in Kampala on  Tuesday.
King Salman sends verbal message to Uganda's Museveni
KAMPALA — Custodian of the Two Holy Mosques King Salman has sent a verbal message to Ugandan President General Yoweri Kaguta Museveni.The message tackled bilateral relations and means of enhancing Saudi-Ugandan cooperation.Advisor at Saudi Royal Court Ahmad bin Abdulaziz Qattan delivered the message to President Museveni during a meeting in the Ugandan capital, Kampala, on Tuesday.Qattan conveyed the greetings of the Custodian of the Two Holy Mosques and Crown Prince Mohammed bin Salman to the Ugandan president, government and people.Meanwhile, President Museveni asked to convey his well wishes to the Custodian of the Two Holy Mosques, the Crown Prince and the Kingdom’s government and people.During the meeting, the two sides reviewed bilateral relations and cooperation in various...
August 08, 2023

King Salman sends verbal message to Uganda's Museveni

The Saudi Public Investment Fund is considered as the backbone of the Saudi Vision 2030 program towards accelerating the pace of economic diversification.
Saudi PIF’s assets surpass SR2.23 trillion in 2022
Saudi Gazette report RIYADH — The Saudi Public Investment Fund (PIF) announced that its assets under management (AUM) have jumped 12.8 percent to SR2.23 trillion ($594 billion) by the end of 2022, compared to the end of 2021, when it amounted to SR1.98 trillion. The Saudi sovereign wealth fund disclosed this in its annual report for 2022 released on Sunday.The increase in the value of mega projects such as NEOM, Red Sea, Qiddiya, and Roshn by about 245.7 percent to SR121 billion from SR34 billion, and the growth of the investment portfolio in Saudi companies by 49 percent to SR718 billion from SR483 billion has contributed tremendously for the PIF to achieve this remarkable jump in its assets, according to a report. PIF is the chosen vehicle of Crown Prince and Prime Minister Mohammed...
August 07, 2023

Saudi PIF’s assets surpass SR2.23 trillion in 2022

The fall in net profits of the world’s largest oil company in the second quarter was mainly attributed to the drop in crude oil prices.
Saudi Aramco’s Q2 profits drop 38% to SR113 billion on lower oil prices
Saudi Gazette report RIYADH — Saudi Aramco announced on Monday that its net profits recorded a decrease of 37.89 percent, reaching SR112.81 billion ($30.1 billion) in the second quarter of 2023, after zakat and tax, while compared to about SR181.64 billion ($48.4 billion) in the same period of 2022. The fall in net profits of the world’s largest oil company in the second quarter was mainly attributed to the drop in crude oil prices. In a filing to the Saudi stock exchange (Tadawul), the company said the substantive decline was due to lower crude oil prices and weakening refining and chemicals margins. “Despite the economic headwinds, we see signals that global demand remains resilient, supported by an ongoing recovery in the aviation sector,” Aramco CEO Amin Nasser said on...
August 07, 2023

Saudi Aramco’s Q2 profits drop 38% to SR113 billion on lower oil prices

The draft Law for Service Providers of Hajj Pilgrims included a number of articles that are framed to ensure that service providers are extending the best ever quality services to both domestic and foreign Hajj pilgrims.
Saudi Arabia unveils features of draft Law for Hajj Pilgrims’ Service Providers
Okaz/Saudi Gazette MAKKAH — The Ministry of Hajj and Umrah has completed the preparation of the explanatory memorandum for the draft Law for Service Providers of Hajj Pilgrims that will come into force 90 days after its publication in the Official Gazette. The ministry has invited the public to send their feedback on the draft law via Istitlaa platform.The draft law included a number of articles that are framed to ensure that service providers are extending the best ever quality services to both domestic and foreign Hajj pilgrims. One of the major features of the draft law is that its provisions are applicable to both domestic and foreign pilgrims. There are provisions in the law to take punitive measures against those service providers who commit any violations in this regard. The...
August 07, 2023

Saudi Arabia unveils features of draft Law for Hajj Pilgrims’ Service Providers

King, Crown Prince condole with King of Morocco over fatal road accident in Azilal
JEDDAH — Custodian of the Two Holy Mosques King Salman has sent a cable of condolences to King Mohammed VI of Morocco for the victims of the road accident in Azilal, in which 20 people died.The King extended his sincere condolences and sympathy to the Moroccan king, the families of the deceased and the Moroccan people. He appealed to Allah the Almighty to bestow His mercy on the deceased and grant their families solace and patience.Crown Prince Mohammed bin Salman has also sent a cable of condolences to King Mohammed on the tragedy. — SPA
August 07, 2023

King, Crown Prince condole with King of Morocco over fatal road accident in Azilal

Saudi and Turkish companies sign agreements to localize drone industry
Saudi Gazette reportRIYADH — Under the patronage of Minister of Defense Prince Khalid bin Salman, a number of Saudi and Turkish companies have signed an agreement and two Memoranda of Understanding (MoUs) to localize the drone industry and associated systems in Saudi Arabia.The agreement and the MoU between the Saudi companies specialized in military and defense manufacturing, and Turkish defense companies come as a continuation of two acquisition contracts signed by the Saudi Ministry of Defense two weeks ago with Türkiye's Baykar for defense industries to raise the readiness of the armed forces and enhance Saudi Arabia's defense and manufacturing capabilities.The Saudi Arabian Military Industries (SAMI) has also signed, during the ceremony, a localization agreement for the...
August 07, 2023

Saudi and Turkish companies sign agreements to localize drone industry

King, Crown Prince congratulate President of Côte d'Ivoire on Independence Day
JEDDAH — Custodian of the Two Holy Mosques King Salman has sent a cable of congratulations to President Alassane Ouattara of Côte d'Ivoire on the anniversary of his country's Independence Day.The King wished the Ivorian president continued good health and happiness, and the government and people of the republic steady progress and prosperity.Crown Prince and Prime Minister Mohammed bin Salman has also sent a cable of congratulations to President Ouattara on the occasion. — SPA
August 07, 2023

King, Crown Prince congratulate President of Côte d'Ivoire on Independence Day

Passengers told to abide by five guidelines when boarding Haramain train
Saudi Gazette reportRIYADH — The Ministry of Hajj and Umrah said the guests of God must abide by five guidelines when boarding the Haramain High-Speed Train heading to Makkah and Madinah. To ensure a smooth trip on the Haramain High-Speed Railway and to reach Makkah and Madinah easily and safely, the ministry said passengers must come to the rail station well before the scheduled time of departure, present the ticket before boarding the train, maintain cleanliness, follow the crew’s directives, and sit in the seat specified in the ticket. The Saudi Railway Company (SAR) announced earlier the successful completion of its operational plan for the Haramain High-Speed Railway for this year's Hajj season. It said the number of passengers using the Haramain High-Speed Railway during...
August 07, 2023

Passengers told to abide by five guidelines when boarding Haramain train

SHC releases new edition of the guide for training companions of home care patients
Saudi Gazette reportRIYADH — The Saudi Health Council (SHC) has launched the second edition of the guide to train companions of patients who receive health care at home.The guide is a reference for home health care providers, as it aims to increase awareness of this service and the mechanism of providing them.It provides a lot of information and guidance that help in dealing with patients at home, in addition to providing their companions with the necessary skills that ensure a healthy home service with high quality and security for the patient.The guide contains the basics of home health care, and a scientific description on some of the most common diseases such as diabetes, high blood pressure, chronic arthritis.Moreover, it speaks about some of the topics that are important for the...
August 07, 2023

SHC releases new edition of the guide for training companions of home care patients

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