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Business World

Saudi Aramco’s profits dipped 44.4% in 2020 after lower oil demand

Saudi oil giant Aramco has reported a 44.4 percent plunge in last year’s net profit, as the coronavirus pandemic curbed global demand. The effect of COVID-19 took a heavy toll on the company and its peers in 2020, but oil prices have rallied this year as economies recover from the downturn and after oil producers extended […]

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World

Saudi Arabia: Houthis launch drones targeting oil facility in Riyadh

Drones struck an oil facility in the Saudi capital of Riyadh on Friday, igniting a fire, Saudi Arabian authorities said. The official Saudi Press Agency quoted an official in the energy ministry as saying the dawn attack caused no injuries or damage, and did not affect oil supplies. “The Riyadh oil refinery was attacked by […]

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World

‘Riyadh Lights Up’: Saudi Arabia intercepts missile attack over capital

The skies of Saudi Arabia lit up on Saturday night as multiple explosions were heard as a Saudi-led military coalition announced the thwarting of a missile attack that it blamed on Yemen’s Houthi rebels. Brigadier General Turki al-Malki, a spokesman for the Saudi-led coalition, said in a statement that the Houthis launched a ballistic missile […]

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World

Saudi Arabia triples VAT to support coronavirus-hit economy

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich nation has seen its income plummet as the impact of the pandemic has forced down […]

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World

The Kingdoms First Nuclear Reactor

The Saudi Crown Prince Mohammed Bin Salman (MBS) on Monday laid the foundation stone to crucial projects. The projects were for a nuclear research reactor centre and a centre for the development of aircraft structures. The Projects was launched on a visit to Riyadh’s King Abdulaziz City for Science and Technology. This would be the […]

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Sports

WWE Crown Jewel Event

Please Scroll Below For Results #WWECROWNJEWEL After all the controversies on death of Jamal Khashoggi the WWE is set to go ahead with its Crown Jewel pay-per-view event in Riyadh, Saudi Arabia. For the first time, eight-man will compete in a World Cup tournament to determine the best in the world. Shawn Michaels will also […]

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World

Twist in Jamal Khashoggi Murder

Khashoggi was strangled as soon as he entered the Saudi Consulate, Istanbul’s chief prosecutor added that the 59-year-old Washington Post journalist’s body was then “cut into pieces and disposed of under a premeditated plan”. Mr Khashoggi was murdered during a visit to the consulate to obtain paperwork for his upcoming marriage on October 2, 2018. […]