Russia’s President Vladimir Putin made his first state visit to the Kingdom of Saudi Arabia since 2012 last week. The brief two-day event was part of a wider regional tour that included the UAE. 20 multimillion-dollar deals have reportedly been signed covering space and satellite navigation, health services, mineral wealth and tourism/aviation among others. In other news, Kuwait and Saudi Arabia have agreed to resume oil production in jointly operated fields in the Saudi-Kuwait neutral zone. The zone will produce around 500,000 barrels per day or 0.5 percent of global oil supply.

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

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