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Kuwait Oil Company Announces State Of Emergency After Oil Leak

Kuwait Oil Company (KOC) has declared a state of emergency after oil leaked in southwestern Kuwait on Sunday, Kuwait News Agency (KUNA) reports, quoting a company spokesman. Menahi Al-Enezi, who is also acting deputy chief executive officer for administrative and financial affairs, said that emergency teams were at the site of the leak and were dealing with the situation as per protocol. No reading of toxic gases has been detected, Al-Enezi said in a press statement, as quoted by Kuwait News Agency. The news agency also quoted today a statement…


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OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


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OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


No Image

OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


No Image

OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


No Image

OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


No Image

OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


No Image

OPEC To Meet In Vienna This Weekend For Oil Cut Compliance

This weekend the representatives of OPEC and several other major oil producers outside of this group, including Russia, are meeting in Vienna for their first meeting to monitor compliance with the oil output cut agreement. The meeting will establish a compliance mechanism to verify that producers are sticking to a deal to reduce output by 1.8 million barrels per day, said OPEC’s Secretary General Mohammed Barkindo. Their plan is to figure out how to confirm that all 24 signatories of this historic deal are keeping to their pledges to reduce output…


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Projects worth SR1bn underway in Thadiq, Huraymila

Author: Arab NewsSat, 2017-01-21ID: 1484958338862553300RIYADH: Riyadh Governor Prince Faisal bin Bandar said that work is underway on projects worth nearly SR1 billion in Thadiq and Huraymila. The announcement came as the prince was inspecti…


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Kingdom, Italy agree to strengthen bilateral trade, investment

Author: 
Mohammed Rasooldeen
Sat, 2017-01-21
ID: 
1484958338752552700

RIYADH: The Kingdom and Italy have decided to strengthen bilateral trade and investment through mutual dialogue.
According to an official from the Council of Saudi Chambers (CSC), the decision was reached during a meeting between CSC Secretary General Dr. Saud Al-Meshari and Italian Ambassador Luca Ferrari at the CSC headquarters on Wednesday.
During the meeting, Al-Meshari said Italy is one of the main trade partners to Saudi Arabia, and highlighted the significant role of the Saudi-Italian Business Council in enhancing joint investments.
He encouraged both sides to capitalize on investment opportunities as both countries possess economic openness and flexibility that are attractive to foreign investors. He also noted that Italy is popular with Saudi tourists.
Ferrari expressed Italy’s keenness on cooperating in investments with the Kingdom, and said his country wants to attract more Saudi investments, particularly in value-added projects.
Stressing the Italian business sector’s efforts and interest in strengthening relations with Saudis, he highlighted the attractive investment environment in Italy, and encouraged more trade visits between the two countries and increased cooperation in exchanging information about the latest business opportunities and technologies.
The two parties also discussed programs for the upcoming Saudi-Italian Joint Committee meeting in Rome this month. A good number of Saudi businessmen are expected to participate in this meeting, where new areas of cooperation could be identified.
The Italian presence in Saudi Arabia has grown over the past few years, with Italian companies active in all fields. Diplomatic ties were established in 1932 in Jeddah.

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