bus Posts, Breaking News, Current News, World News

Breaking News

Saudi
Saudi Fund for Development inaugurated new infrastructure projects in Djibouti worth US$ 137 million
Saudi
Resort, hotels and plots of land up for grabs in the awaited Jewels of Madina public auction
Saudi
Australia-based Avass Group signs MoU with HRH Prince of Saudi Arabia to manufacture electric vehicles, lithium batteries

bus

Home bus

Oil producers may struggle to gauge demand amid second coronavirus wave: energy watchdog

Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the

Saudi Arabia looks to cut spending in bid to shrink deficit

Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks to reduce its deficit. This compares to spending of SR1.07 trillion this year, it said in a preliminary budget statement. The

Gulf financial resilience to help ‘difficult’ recovery

DUBAI: The Gulf region is expected to face a difficult recovery from the economic shock of the coronavirus disease (COVID-19) pandemic, but general financial resilience can be expected to mitigate the pain for its major economies. That was

Lufthansa to cut more jobs as it loses €500m a month

Lufthansa said Monday it will slash more jobs on top of 22,000 previously announced cuts and put more planes out of service with current losses

OPEC+ panel to meet amid oil price decline

OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand

Crunch meeting of oil alliance over cuts in output

Energy ministers from OPEC+, the oil alliance led by Saudi Arabia and Russia, are preparing for a crucial meeting on Thursday amid signs that the

Oil slides 5% to lowest level since June on demand fears

Oil slid 5 percent to below $40 a barrel on Tuesday, its lowest since June, over concerns that a demand recovery could weaken as coronavirus infections flare up around the world. Coronavirus cases rose in 22 of the 50 US states, a Reuters

Saudi quarantine offers temporary lifeline to struggling hotels

Saudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an industry struggling just months after tourist visas were launched. Faced with nearly 4,500 coronavirus

Saudi Arabia, Russia and other OPEC+ countries agree on deal to cut oil output

Saudi Arabia and Russia have agreed to “historic” cuts in oil production in a bid to rebalance crude markets that are in crisis because of the dramatic decline in global energy demand. The cuts, agreed on during a virtual meeting of

No ban for entry of work-visit Visa holders

RIYADH — The Saudi authorities have clarified that passengers holding employment visa, work visit visa, business visit visa and family visit visa are exempted from the travel restrictions imposed by the Kingdom on Thursday. Saudi Arabian