King Salman, Egyptian president hold talks

April 24, 2017

Riyadh, Apr 24: Egypt’s President Abdel Fattah El-Sisi, who arrived here Sunday on an official visit, held talks with King Salman on various aspects of bilateral cooperation and the latest regional developments.

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Upon arrival, El-Sisi was received by the monarch at King Salman Air Base, from where they headed to the Royal Court, where the visiting delegation was received by Deputy Crown Prince Mohammed bin Salman, princes, ministers and senior officials.

Egyptian Ambassador Nasser Hamdy earlier said the talks would touch on strategic bilateral relations and regional and global issues, notably the war on terror.

The talks would also explore ways to implement bilateral agreements in a manner that enhances joint cooperation, he added.

In April 2016, the two sides signed agreements in the fields of commerce, industry and anti-corruption during King Salman’s visit to Cairo.

Hamdy said Saudi Arabia is considered the biggest investor in Egypt with $6.1 billion, which represents 11 percent of total foreign investments and 27 percent of Arab investments in Egypt. Egyptian investments in the Kingdom have reached $1.1 billion, he added.

Egyptian Foreign Minister Sameh Shoukry told Asharq Al-Awsat, a sister publication of Arab News, that El-Sisi’s visit contributes to setting out an effective coordination and consultation mechanism between the two countries.

A Saudi-Egyptian Summit in Riyadh will discuss ways to reinforce bilateral relations and face regional challenges, he said.

The summit is an opportunity to address regional and international developments, especially after El-Sisi’s recent visit to Washington, Shoukry added. The summit will also quell rumors of bilateral relations experiencing a rough patch, he said.

The two sides have had divergent views on some regional issues, such as Syria’s civil war. Relations also grew strained when an agreement to transfer ownership of two Red Sea islands to Saudi Arabia was met with protests and lawsuits in Egypt.

El-Sisi’s visit follows an invitation by King Salman when they met on the sidelines of the recent Arab League Summit in Jordan.

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News Network
April 23,2020

Riyadh, Apr 22: In an extraordinary initiative, the government of the Kingdom of Saudi Arabia has decided to facilitate the travel of expatriates who have an exit and reentry visa or final exit visa to return to their countries.

This is in line with the order of Custodian of the Two Holy Mosques King Salman, according to the Saudi Press Agency.

According to the initiative, called “Auda” (return), expatriates can apply seeking permission for travel to their countries through the Absher portal of the ministry.

Announcing this, Saudi's Ministry of Interior said that the initiative will be implemented in cooperation with a number of relevant government agencies.

Requests for travel from expatriates will be received and approved in coordination with the relevant authorities to complete their travel procedures on board international flights.

As per the initiative, a text message will be sent to the beneficiary stating the travel date, ticket number and reservation details, and by which the beneficiary can obtain his travel ticket and complete the travel procedures.

Clarifying the procedures for the travel, the ministry said that the applicant shall select the icon (Auda) after visiting the Absher portal and fill the following fields: iqama (residency permit) number, date of birth, mobile number, departure city and airport of arrival.

It is not mandatory for the expatriate to have his own Absher account for availing of the service, the ministry said, adding that this facility is to enable expatriates to benefit from this initiative.

The departure will be through the following airports: King Khalid International Airport in Riyadh, King Abdulaziz International Airport in Jeddah, Prince Muhammad International Airport in Madinah, and King Fahd International Airport in Dammam.

Those expatriates who are outside these cities can benefit from the service through entering airport of departure after completion of their travel procedures in sufficient period of time.

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News Network
March 23,2020

Dubai, Mar 23: All inbound, outbound and transit passenger flights to and from the United Arab Emirates – home to one of the world’s busiest hubs – are to be suspended for two weeks.

The UAE’s National Emergency Crisis and Disasters Management Authority (NCEMA) and General Civil Aviation Authority (GCAA) has announced that passenger flights to, from and through the country will be suspended from 25 March for a period of two weeks, in order to “curb the spread of the Covid-19”.

Freight and emergency evacuation flights will still be permitted to operate.

The suspension affects major global hubs in Dubai and Abu Dhabi. Dubai-based Emirates has already announced that it will suspend most of its passenger flights from 25 March.

“Additional examination and isolation arrangements will be taken later should flights resume, in order to ensure the safety of passengers, air crews and airport personnel and their protection from infection risks,” state the NCEMA and the GCAA.

Dubai International Airport was the third-busiest airport in the world in 2018, handling 89 million passengers.

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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