Trump to push back on Iran: Saudi Foreign Minister

May 19, 2017

Riyadh, May 19: US President Donald Trump plans to push back on Iran and ensure its compliance with the nuclear deal, Saudi Foreign Minister Adel Al-Jubeir said at a press conference, citing statements by senior American officials.SFM

The Kingdom will work closely with its allies, particularly the US, to ensure Iran respects international law, Al-Jubeir added.

Saudi Arabia and the US agree on the need to eliminate Daesh and Al-Qaeda, and to deal with Iran’s regional meddling and promotion of terrorism in Yemen, Iraq, Syria and Afghanistan, he said.

“We have seen Iran’s record of aggression increase not decrease” since the nuclear pact, Al-Jubeir said, citing the country’s support for “terrorism” and efforts to destabilise other countries.

“Saudi Arabia agrees with the US administration’s view in relation to the role of the United States in the world and in relation to uprooting terrorism,” he added, referring to Daesh and Al-Qaeda.

A Saudi-US Summit will be held Saturday, followed by a Gulf-US Summit and an Islamic-US Summit Sunday.

The summits will be held during Trump’s visit to the Kingdom, the first country he will visit as president.

The visit will have historic significance, said Al-Jubeir, as Trump is set to meet with the leaders of Saudi Arabia, other Gulf states, and Arab and Islamic countries during his time in the Kingdom.

Trump’s visit to Saudi Arabia this weekend will reinforce the partnership between Riyadh and Washington and boost their joint fight against Islamist militants, the foreign minister said.

The visit “will bolster the strategic partnership” between the US and Saudi Arabia, and open a new chapter in mutually beneficial cooperation between the Islamic world and the West, he said.

The two countries agree on the need to face regional problems, including in Syria, Yemen and Iraq, Al-Jubeir said, adding that Riyadh and Washington were discussing several “initiatives” related to arms sales, economic and security cooperation and tackling terrorism.

“Several agreements will be signed, whether political agreements... and big economic agreements,” he said.

He said relations started in the 1930s when US oil companies discovered oil in Saudi Arabia, and developed a military aspect in the 1950s, going from strength to strength ever since despite regional challenges over the decades such as radicalism, the Soviet threat and Iraq’s invasion of Kuwait.

Saudi Arabia has more students studying in the US than in any other country in the world.

On counterterrorism, in 2010 the Kingdom helped foil terrorist bombings on US soil, and in 2011 the FBI prevented an assassination attempt on the Saudi ambassador.

“We share a very, very large amount of intelligence with the United States and vice versa,” Al-Jubeir said.

“We have had no hesitation about doing so, and we will not have any hesitation about continuing to do so.”

In 2016, bilateral trade reached $35 billion.

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News Network
April 18,2020

Dubai, Apr 18: Saudi Arabia has reported 1,132 new coronavirus cases, taking the total number of confirmed COVID-19 patients to 8,274, the Ministry of Health revealed on Saturday.

The ministry has also announced five more deaths from the virus, taking to 92 the Kingdom’s death toll.

Recoveries
As for recoveries, 280 new recoveries were reported, pushing the total number of patients recovered to 1,329.

The ministry revealed that 79 per cent of today’s cases are expatriates and that 65 per cent of the cases were detected through intensified and active COVID-19 screening in densely-populated areas.

A total of 201 patients of Saturday’s cases have contracted the disease due to being in contact with existing cases, the ministry added.

The new infected cases have been placed under complete isolation and they are receiving necessary medical care, an official from the ministry said.

He affirmed that medical teams are intensifying efforts and screening tests in workers' neighbourhoods and accommodations in order to limit the spread of the disease.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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