During the G20 Summit in Osaka, Japan, Crown Prince Mohammed bin Salman last week agreed a deal with Russia’s President Putin to extend the OPEC oil output cut by a further six to nine months. Oil prices jumped by more than 2% in response. In other news, the first commercial flight has departed from the newly finished NEOM Bay Airport. Saudia will operate two weekly flights from Riyadh to NEOM starting this week.

To read about this and more of this week’s news from the Kingdom of Saudi Arabia, click here.

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