Saudi Arabia prepared to cater to global oil demand

King Salman chairs the weekly Cabinet session at Al-Yamamah Palace in Riyadh on Tuesday. (SPA)
Updated 09 October 2019

Saudi Arabia prepared to cater to global oil demand

  • GCC’s armed forces ready to confront any terrorist threat

RIYADH: King Salman chaired the Cabinet session held at Al-Yamamah Palace in Riyadh on Tuesday, the Saudi Press Agency (SPA) reported. The Cabinet addressed the Kingdom’s assertion during its participation in Russian Energy Week — that it was ready to meet world oil demand following efforts to restore supply capabilities within 72 hours of last month’s oil field attacks.
These efforts strengthened the Kingdom’s position as the most reliable, safe and independent oil exporter.
The king briefed the Cabinet on the results of official talks held with President of the Sudanese Supreme Council Gen. Abdulfattah Al-Burhan and Sudanese Prime Minister Dr. Abdullah Hamdouk.
Media Minister Turki Al-Shabanah, in a statement to SPA, said the Cabinet reviewed reports on the latest regional and international developments.
He highlighted the final statement of the 4th extraordinary meeting of the Gulf Cooperation Council (GCC) Supreme Military Committee, held in Riyadh, to consult on current threats and situations and to achieve greater GCC military coordination.

HIGHLIGHTS

• The Cabinet approved amendments to commercial mortgage system.

• First phase of transport networks in some cities and provinces also approved.

• Reports on latest regional and international developments reviewed.

He stressed the readiness of the GCC’s armed forces to confront any terrorist threat or attack. He condemned assaults on the Kingdom and the violation of GCC member airspace.
He also condemned attacks on oil tankers and threats to maritime navigation.
The Cabinet drew attention to the Saudi Authority for Intellectual Property’s nomination to lead the International Union for the Protection of Industrial Property (Paris Union), and its nomination to be vice president of the International Patent Cooperation Union. The minister said this recognition showed the global standards achieved by the Kingdom in different sectors.
The Cabinet authorized ministries to sign agreements with friendly countries in different sectors.
It approved amendments to the commercial mortgage system, and a first phase of transport networks in some cities and provinces.


Saudi Arabia confirms no change in Israel travel rules

Updated 27 January 2020

Saudi Arabia confirms no change in Israel travel rules

  • Foreign minister says Israeli passport holders are still unable to visit the the Kingdom

RIYADH: Saudi Arabia has confirmed that Israeli citizens are still unable to visit the Kingdom.

Foreign minister Prince Faisal bin Farhan said the policy has not changed despite Israel saying on Sunday that its passport holders could now travel to the country for religious and business visits.

“Our policy is fixed,” Prince Faisal told CNN. “We do not have relations with the state of Israel and Israeli passport holders cannot visit the Kingdom at the current time.”

His comments come as Donald Trump prepares to unveil his Middle East peace plan on Tuesday. An agreement between Israel and the Palestinians would be key to improving relations with Arab countries, most of which have no diplomatic ties with Israel.

“When a peace agreement is reached between the Palestinians and the Israelis, I believe the issue of Israel’s involvement in the region will be on the table,” Prince Faisal added.

Israel’s interior minister said on Sunday that Israelis - if invited and permitted by Saudi authorities - would be allowed to travel there for religious reasons on pilgrimage or for up to nine days for business reasons such as investment or meetings.

Israelis, mostly Muslims going on pilgrimage, do visit the Kingdom, but usually with special permission or using foreign passports.

Saudi Arabia, along with most Arab countries have no official diplomatic relations with Israel, and citizens of those countries are not able to travel to Israel nor Israelis to those countries.

However, relations between Israel and Gulf states have improved in recent years, particularly over a shared stand against Iran and its aggressive policies in the region.

Prime Minister Benjamin Netanyahu said last month that he welcomed Israel’s warming ties to Arab countries in the region.

In 2018, Netanyahu visited Oman and met the late Sultan Qaboos bin Said.

*With Reuters