Reconfirmed
OPEC commits to stable global oil market
The Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countries. The meeting gave the assurance at the end of its virtual 17th OPEC and non-OPEC ministerial meeting on Tuesday. “In view of current oil market fundamentals and the consensus on its outlook, the meeting reaffirmed the existing commitment of the participating countries in the Declaration of Cooperation (DoC) to a stable market in the mutual interest of producing nations. “Also, the efficient, economic and secure supply to consumers; and a fair return on invested capital. “Reconfirmed the existing commitment of the 10th OPEC and non-OPEC ministerial meeting in April 2020, amended in June, September, and Decemb...
Rare Christmas sales in Saudi Arabia
Christmas trees and glittery ornaments are for sale at a Saudi gift shop, a once unthinkable sight in the cradle of Islam where all public non-Muslim worship is banned. In recent years, festive sales have gradually crept into the capital Riyadh, a sign of loosening social restrictions after Crown Prince Mohammed bin Salman pledged to steer the conservative Gulf kingdom towards an “open, moderate Islam”. “I didn’t ever imagine I’d see this” in Saudi Arabia, a Riyadh resident told AFP at the shop selling trees, Santa Claus outfits as well as tinsel, baubles and other ornaments. “I am surprised,” said the resident, declining to be identified. Until barely three years ago, it was almost impossible to sell such items openly in Saudi Arabia, but authorities have been clipping the powers of the c...
