Page-4 of Saudi Arabia Current Affairs, GK & News

SIPRI released “Trends in international arms transfers 2019” report

The Stockholm International Peace Research Institute (SIPRI) recently released its annual “Trends in international arms transfers 2019” report. As per the report, India retained its rank as the world’s second largest arms importers during 2015-19. The five largest arms importers during the five-year period were Saudi Arabia, India, Egypt, Australia and China, which was 36% ..

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Round-up of Saudi Royals

Senior royals of Saudi Arabia were recently arrested for allegedly plotting a coup against the ruling king and his son. Arrested Royals The authorities had arrested 3 senior royals in Saudi Arabia: Prince Ahmed bin Abdulaziz (the younger brother of King Salman), Prince Mohammed bin Nayef (the former crown prince) and Prince Nawaf bin Nayef ..

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Oil Prices plunge by 20% as OPEC fails to make a deal

On March 9, 2020, the prices of crude oil plunged by 20% after OPEC to failed to make a deal in making production cuts. Highlights The Saudi Arabia and its major allies like Kuwait, Iraq and UAE initiated to make a deal at the OPEC to reduce production of oil. This was proposed predicting reduction ..

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Yusuff Ali becomes first Indian to receive Saudi Green Card

The chairman of the LuLu Group, M A Yusuff Ali recently became the first Indian to receive Saudi Arabia’s premium residency. Abu Dhabi-based Indian retail business-person was also ranked the richest expatriate in the UAE by the Forbes magazine last year. The permit also known as Saudi Green Card, grants expatriates the right to live, work ..

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G20 Meeting of Finance Ministers and Central Bank Governors held in Riyadh

The Meeting of Finance Ministers and Central Bank Governors from G20 nations was recently organised in Riyadh from February 22-23, 2020. The delegates from across the world attended the meeting, which focussed on maintaining the growth of global economy amid the negative effect of Corona virus in China and some countries.

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