Saudi economy contracts in first two quarters of 2017

Saudi Arabia moves in a more secular direction

Saudi Arabia moves in a more secular direction

Several investment deals, including on a liquefied project and petrochemical plants, could also be signed during the trip and plans for a $1-billion fund to invest in energy projects are likely to be finalised.

On Saturday, official data showed Saudi Arabia's economy has slipped back into recession as the oil sector stagnates and the government sector is hit by austerity policies created to curb a state budget deficit.

The 81-year-old Salman is scheduled to meet with Putin on Thursday, with the two leaders likely among other things to discuss the Syrian conflict, where Russian Federation and Saudi Arabia have supported opposing sides, as they have in Yemen's civil war as well.

King Salman of Saudi Arabia will fly to Moscow to talk about oil production and prices with Russian President Vladimir Putin on Thursday.

King Salman bin Abdulaziz will kick off on Thursday his first official visit to Russian Federation.

Former first lady of Nashville described Vegas concert site
A video posted by a Twitter user showed a crowd of people fleeing from a nearby music festival after the shots were reported. The moving event was organized by Nashville Mayor Megan Barry , along with the CMA and Nashville Convention & Visitors Corp.

Russia's role grows, and this powerful country is ready to play Middle East mediator during King Salman's visit to Moscow.

Meanwhile, it emerged recently that the Saudis, who have been hosting meetings of Syria militants for years, were pressing them on an accord with Damascus and two blocs closer to Moscow.

Saudi Arabia's economy contracted in the first two quarters this year as the OPEC kingpin continues to struggle to cope with low crude prices and painful reforms, official figures show. On Wednesday Putin said an extension of the Opec deal was possible and could last "at least to the end of 2018".

This visit will enable both economic partners to strengthen cooperation in oil, gas, electricity renewable energy and other projects for oil and gas equipment, said Alexander Novak, the Russian energy minister in an interview with Saudi media Al Arabiya TV on Monday.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.