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Monday, Aug 08, 2022
World's Arab Press Reports
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OPEC+ to meet on Wednesday, discuss production rate
OPEC plus on Sunday announced its 43rd Joint Ministerial Monitoring Committee (JMMC) and the 31st Ministerial meeting including non-OPEC members will be held on Wednesday to study its production rate.
Oil Production levels were at 648 bp/day for the months of July and August of last year, when the conference took place, where the topic was focused on stabilizing the market for steady production.
The concern of the OPEC+'s viable meeting on Aug 3rd is of great significance as to the increase in demands amid drastic reversions due to the Russian-Ukrainian conflict.
The meeting will take place on August 3rd at 00:13 (CEST) via videoconference, to be followed on the same day by OPEC+'s meeting at 13:30 (CEST) also via the online video media provided.
Most Ukraine aid is a ‘scam’ said US lawmaker
Two GOP congresswomen have cited a media report showing that most weapons shipped to Kiev aren’t making it to the front lines
Pilot and companion rescued as plane crashes in Al-Huraidah, Asir
A pilot and his companion were rescued when their plane crashed off the coast of Al-Huraidah in the southern Asir region.
Saudi Arabia: Israeli settlers’ storming of Al-Aqsa courtyards a gross violation
Saudi Arabia condemned on Sunday the storming of Al-Aqsa Mosque's courtyards by Israeli settlers, the Ministry of Foreign Affairs announced.
Foreign or joint capital makes up 39% of Saudi industrial investments
The Saudi Ministry of Industry and Mineral Resources has revealed on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the ...
49 investment pacts worth over $925 million clinched during Q2 of 2022
The Ministry of Investment has announced the signing of 49 investment deals in several sectors worth more than $925 million during the second quarter of 2022.
Over 8O held in drugs and gambling busts
Over 80 people have been arrested in a four-day anti-crime operation that busted four suspected gambling dens and one brothel and saw HK$100,000 worth of drugs seized as well as...
Israel-Gaza: Hopes as militants announce ceasefire in Gaza
PaleA ceasefire between Israel and Palestinian militants has come into effect after three days of violence which left at least 43 people dead. Palestinian Islamic Jihad (PIJ) mi...
Can Elon Musk be forced to buy Twitter?
Israel launches special operation against Islamic Jihad Militants
Tensions are mounting again between Israel and Palestine and the exchange of air raids and rocket attacks has entered its second day. An Israeli aircraft struck in Gaza and Pale...
Lowering taxes best way to attract investments and to avoid recession, says Liz Truss. Sunak offers no economic plan, only a wish (to "fight" inflation, no "how" to do it, just a wish)
Tory leadership contender Liz Truss has defended her plans to lower taxes, describing them as the best way to avoid a recession. Her rival, Rishi Sunak, "wants" to tackle inflat...
New powers for Saudi universities to improve education outcomes
Saudi universities will now have powers to decide on the type and number of courses offered, and introduce new assessment criteria, aimed at improving their competitiveness and ...
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