Saudi Arabia is flexible on oil cuts pact, all options open - Falih

Saudi king to make historic visit to Russia

Russian President Vladimir Putin (center R) and Saudi Arabia's King Salman bin Abdulaziz Al Saud (center L) attend a welcoming ceremony ahead of their talks at the Kremlin in Moscow on October 5, 2017.

King Salman may also seek assurances from Moscow that Iran will not have a permanent role in Syria.

Among the deals was an agreement between Russian sovereign wealth fund RDIF and Saudi Arabia's Public Investment Fund to invest up to $100 million in transport projects in Russia.

In Russia, King Salman also called on Iran to "stop interference in the region's affairs and destabilizing the region", stressing that the security and stability of the Gulf region and the Middle East are an absolute necessity for achieving global security and stability. Needless to say that as soon as this partnership is activated economically, commercially, and militarily Moscow will have to balance its complicated relationship with Iran.

The oil giant's meeting of se two former opponents is a precursor to restructuring of global power relations.

At the core of Saudi Arabia's regional woes is its rival Iran, which is backed by Russian Federation.

The success of the collaboration between the world's two largest oil exporters is clear, said Saudi Minister of Energy and Industry Khalid Al-Falih.

AAA says in-car tech systems are too distracting
AAA said drivers should use infotainment technologies "only for legitimate emergencies or urgent, driving-related purposes". The participants completed audio tests like listening to messages, sending talk-to-text messages and vocal navigation.

Saudi Arabia and Russian Federation helped secure the deal between Opec and 10 rival suppliers to cut output until the end of March next year in an effort to reduce a glut.

King Salman's visit coincides with a Russia-Saudi investment forum in Moscow in which more than 200 firms are taking part.

Through King Salman's visit to Russian Federation, a new phase of a coalition began based on joint interests that will be reflected on the region's stability and security which is a strategic goal both Riyadh and Moscow aim to reach.

"Today we alone as the Russian Direct Investment Fund announced deals worth $2.1 billion", said Kirill Dmitriyev, the head of the fund set up to attract investment.

Tensions have steadily risen between the USA and Russian Federation even since Trump took office early this year.

Much of the new activism is being driven by the king's modernising and ambitious son, Crown Prince Mohammed Ibn Salman, the de facto orchestrator of Saudi's high-risk foreign policy, including the military intervention in Yemen, and the trade boycott of Qatar, its onetime partner in the Gulf Co-operation Council.

A slew of investment agreements are due to be signed during King Salman's four-day trip.

Related News:

  • Bayern Munich: Heynckes named as coach until end of season

    Bayern Munich: Heynckes named as coach until end of season

    Work in Spain followed, at Athletic Bilbao, Tenerife and Real Madrid, where he won the Champions League in 1997. Jupp Heynckes has confirmed that he has returned to Bayern Munich as the club's new manager.
    Nadal survives Pouille fright to progress at China Open

    Nadal survives Pouille fright to progress at China Open

    The 31-year-old, who won his third US Open title last month, maintained his momentum in the second set to seal the victory. Jared Donaldson fought hard against Czech seventh seed Tomas Berdych , but ran out of steam as he went down 6-3 0-6 6-2.
    Take steps to fight breast cancer diagnosis

    Take steps to fight breast cancer diagnosis

    She is also a leader and advisor to a number of physicians and boards focused on treating, curing and preventing breast cancer . State Police are selling a limited supply of pink MSP patches for $10, with proceeds going to the Dana-Farber Cancer Institute.
  • Tom Petty Performs 'American Girl' in Final Encore

    Tom Petty Performs 'American Girl' in Final Encore

    Petty and his longtime band the Heartbreakers had recently completed a 40th-anniversary tour, one he hinted would be their last. He spoke with pride about still working: "When you get on the back side of your 60s, most people aren't working".
    Brazil's Olympic head arrested on corruption charges

    Brazil's Olympic head arrested on corruption charges

    The IOC investigation will be the first test of the newly elected members of the Ethics Commission including chair Ban Ki Moon. The revelations come after prosecutors from across the globe launched the so-called "Unfair Play" investigation last month.
    Modi calls back Amit Shah from Kerala Yatra to conduct meet

    Modi calls back Amit Shah from Kerala Yatra to conduct meet

    The fifteen-day Yatra has created a political battle in Kerala with the BJP and the ruling CPI (M) engaging in verbal exchanges. Expecting Shah's participation, security was tightened along the road and hundreds of policemen were deployed at key points.
  • Forza 7 gets a Day 1 patch to improve PC performance

    Forza 7 gets a Day 1 patch to improve PC performance

    Turn 10 released a patch for Forza yesterday which promises to address some of the PC version problems. As head of the studio, I apologize for any confusion or frustration our players may have experienced.
    Los Angeles makes list of potential 2026 World Cup venues

    Los Angeles makes list of potential 2026 World Cup venues

    With the only competition coming from Morocco, the North American bid is the heavy favourite to land the sporting spectacle. All three Mexican bidding cities ( Mexico City , Guadalajara and Monterrey) are widely expected to make the final cut.
    TransCanada cancels plans for Energy East pipeline

    TransCanada cancels plans for Energy East pipeline

    The pipeline, which drew pointed opposition in Quebec, was undergoing an environmental review in that province. Fossil fuel investment is becoming less viable while renewable energy investment increases exponentially.
  • Lynx win a decisive victory, thrilling fans

    Lynx win a decisive victory, thrilling fans

    Get the app and get the game. "We need to do a better job in the offseason of trying to figure out how to draw contact". But Maya Moore did what elite players do, knocking down a runner to give the Lynx a five-point lead.
    Stars depart Kenya Thursday evening for Uganda 'do-or-die'

    Stars depart Kenya Thursday evening for Uganda 'do-or-die'

    Christian Atsu has pulled out of the Ghana squad for upcoming World Cup qualifier against Uganda because of a calf problem. "When Uganda played us in Tamale, they were able to read through our game plan and their coach said we were predictable".
    Instagram expands new features including polls and shoppable photos

    Instagram expands new features including polls and shoppable photos

    Facebook hopes to fix that with a cheat: Allowing Instagram users to cross-post their Instagram Stories to Facebook. However, unlike Twitter's voting polls, the Instagram user can actually see who has voted on their Stories.


Most liked

New health care rules will allow more employers to sidestep contraception mandate
The new rules make the argument that the Affordable Care Act does not specifically mandate contraceptive coverage. The new rule , he said, provides "relief to those who have been under the thumb of the federal government".

Uber Chaos as Current, Former CEO Battle over Board of Directors
All of Uber's shareholders will eventually have one vote per share, regardless of the class of company stock that they own. The SoftBank deal, which the board also approved, reportedly could have a total price tag of more than $10 billion.

Blood donors asked to schedule appointments in coming days, weeks
People can learn about blood donation and follow the need for donation on the blood center's web site . The Folsom Lake College Blood Drive is happening on Wednesday, October 4 & Thursday, October 5.