Saudi energy minister says confident China can contain, eradicate new coronavirus

Passengers coming from China, leaves the Terminal wearing paper masks after landing in Charles De Gaulle Airport on January 26, 2020 in Roissy-en-France. (AFP)
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Updated 27 January 2020
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Saudi energy minister says confident China can contain, eradicate new coronavirus

  • He said he was confident the Kingdom and other OPEC + producers had the capability and flexibility to respond

DUBAI: Saudi Arabia’s Energy Minister said on Monday the Kingdom was closely monitoring developments in global oil markets resulting from “gloomy expectations” over the impact of the new coronavirus on the Chinese and global economy and oil market fundamentals.


Prince Abdulaziz bin Salman said he was confident the Chinese government and international community could contain the spread of the virus and fully eradicate it.
The minister said the impact on global oil markets was “primarily driven by psychological factors and extremely negative expectations adopted by some market participants despite its very limited impact on global oil demand.”


He said he was confident the Kingdom and other OPEC + producers had the capability and flexibility to respond to any developments to maintain oil market stability if needed.


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.