King Salman, Putin commit to Saudi-Russian coordination in energy markets

Saudi Arabia's King Salman received a telephone call from Russian president Vladimir Putin on Tuesday, according to Russian news agencies. (SPA/AFP)
Updated 20 February 2019
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King Salman, Putin commit to Saudi-Russian coordination in energy markets

  • The two leaders had a telephone conversation on Tuesday
  • Kremlin also said the two leaders praised the ongoing bilateral cooperation between the two countries

RIYADH: Saudi Arabia's King Salman and Russian president Vladimir Putin voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday, after the two leaders had a telephone conversation.
The Kremlin also said the two leaders praised the ongoing bilateral cooperation between Russia and Saudi Arabia.
"Mutual attitude for further strengthening of multifaceted Russia-Saudi Arabia ties has been expressed," the Kremlin said.
Russia, other leading oil producers and the Organization for the Petroleum Exporting Countries (OPEC) agreed to cut their oil output by a combined 1.2 million barrels per day starting from January in order to balance global oil markets and support prices.
The next ministerial OPEC and non-OPEC meeting is due to be held in Vienna in mid-April.


MiSK, Qiddiya team up for internship program 

Updated 25 March 2019
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MiSK, Qiddiya team up for internship program 

  • Interns will work on entertainment mega-project
  • Program open to university seniors and new graduates

RIYADH: A new internship program for young Saudis has been launched in the Kingdom, following a partnership between Misk Foundation and the Qiddiya Investment Company (QIC).

The program runs from June 16 to Aug. 31, 2019, and provides an opportunity for university seniors and recent graduates to be part of Qiddiya, an entertainment mega-project located 40 minutes from Riyadh.

Interns will have the chance to work at Qiddiya’s corporate offices alongside professionals from around the world and will be placed across 12 departments.

They will learn and develop skills that are required to succeed in their professional lives.

They will also gain exposure to QIC’s culture and learn from executives with over 20 years of experience across several sectors. 

QIC CEO Mike Reininger said: “We are contributing directly to the Saudi Vision (2030 reform plan) by creating a richer lifestyle for Saudi citizens while spurring innovation in the creative, hospitality and entertainment sectors. This unique opportunity allows students and fresh graduates to experience what it takes to be part of the change in Saudi by giving them the chance to work alongside a group of both local and international seasoned professionals. Thanks to this partnership with MiSK, we will be training the next generation of industry leaders.” 

Application to the program is open for those with fewer than two years of professional experience. Candidates must show strong academic credentials and submit a short video as part of their application.

King Salman led the Qiddiya ground-breaking ceremony in front of a global audience last April.

The project is aimed at helping to stem the $30 billion a year which Saudis currently spend abroad on tourism, and has the backing of the Kingdom’s Public Investment Fund.

It targets local, regional and international tourists and will be Saudi Arabia’s preeminent entertainment, sports and cultural destination.

It is expected to be the world’s largest entertainment city by 2030, with a total area of 334 square kilometers, surpassing Walt Disney World in Florida, which is only 110 sq. km.