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.


King Faisal Prize: Rewarding services to all of humanity

Updated 26 March 2019
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King Faisal Prize: Rewarding services to all of humanity

RIYADH: Prince Turki Al-Faisal’s father, the late King Faisal, was a beacon of aspiration and hope. 

During his reign, the first girls’ schools were introduced, and he focused on educating the Saudi population as a whole to promote peace. 

The King Faisal Foundation was founded by King Faisal’s sons and daughters to commemorate his memory and vision. 

The significance of the annual King Faisal Prize (KFP) dates back to when a reporter asked him how he saw Saudi Arabia in 50 years’ time. 

The king responded: “I see Saudi Arabia in 50 years’ time as a wellspring of radiance for humanity.” 

The root of the foundation and the prize stems from his vision for all of humanity: Peace through education.

“The prize was established by the King Faisal Foundation soon after the foundation was formed,” Prince Turki told Arab News.

“It carries the message that the welfare of humanity is the primary importance of service to humanity,” he said. 

“The versatility of Islam is celebrating knowledge for all nationalities. As the first verse in the Holy Qur’an was ‘Read,’” Dr. Abdul Aziz Al-Subayyil, secretary-general of KFP, told Arab News. 

“This a universal dialogue between all nationalities and scientific fields, which seeks peace through knowledge.” he said.  

The significance of the Prize shows that: “This is the real Islam and this prize in the country of the Two Holy mosques represents that we are trying to observe the teaching of Islam and its implementation through the prize, which is the encouragement of science and introducing knowledge to people,” Al-Subayyil said.