King Salman honored for services to unite Muslims

RECOGNITION: Custodian of the Two Holy Mosques King Salman receives an honorary doctorate for promotion of Islamic unity and efforts to serve Islam and Muslims, offered by King Abdulaziz University on the occasion of its 50th anniversary in Jeddah on Wednesday. (SPA)
Updated 27 May 2016

King Salman honored for services to unite Muslims

JEDDAH: Custodian of the Two Holy Mosques King Salman has received an honorary doctorate from King Abdulaziz University (KAU) for promoting unity in the Muslim world.

King Salman received the honor while attending the 50th anniversary of KAU on Wednesday night, where he also launched several projects worth SR5.5 billion for the expansion of the facility.
Education Minister Ahmed bin Mohammed Al-Issa, president of KAU’s council, said that King Salman’s contribution has included major global aid and charity initiatives and protecting and preserving Islamic culture and heritage, SPA reported.
The minister made the statement after chairing the fifth session of the council for this academic year. He said the monarch has received numerous awards, medals and certificates for his achievements across the world.
At the 50th anniversary celebrations, the king launched the third phase of the university’s expansion projects, which includes buildings for first year students, a sports village, housing for staff, and other facilities for KAU’s branch in Rabigh.
In a speech, the king said that the country’s achievements were based on the Book of Allah and the Sunnah of His Messenger, peace be upon him. There was a focus on science and technology to ensure sustainable economic development, as part of the country’s Vision 2030 plan announced last month, he said.
The king also toured an exhibition held at King Faisal Conference Center and was briefed on the history of the university over the years and its plans for the future, and then watched a documentary on the facility.


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 05 April 2020

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.