True diversification requires developing industries which have nothing to do with the extraction of oil and spending of oil-related revenue
Net foreign assets held by the central bank dropped by 1.0 per cent from the previous month
A joint coordination council is being set up to target the investment
Investors say that devaluation pressures have not gone away, even though Saudi Arabia has unveiled a sweeping reform package.
Reforms envisage Aramco transforming itself from an oil and gas firm into a “global industrial conglomerate”
Saudi capital sees year-to-year sales prices and rental rates fall
Deputy Crown Prince Mohammed bin Salman announced plans to turn the kingdom into a global investment power
King Salman announced that the kingdom’s cabinet had agreed to the reform plan, with details coming later
Six months ago the IMF warned that budget reforms being considered by most of the Middle East’s oil exporters were likely to be inadequate
Women in the country have faced restrictions as to where they can work
The US President arrived in Riyadh yesterday
The US president will meet with the King of Saudi Arabia as well as other leaders from GCC countries
The bill would hold the Saudi government accountable for any role in the 9/11 attacks
Oil ministers are meeting in Doha to finalise a comprehensive deal
The fire at a United Petchem plant on Saturday killed 12 workers and injured 11
The Saudi Arabian government has threatened to sell of hundreds of billions of dollars’ worth…
AbuSulayman talks philanthropy, diversification and the benefits of social media
The kingdom had its risk ranking increased alongside Angola and Zimbabwe
The Saudi company sold 27.61 million shares – 30 per cent of its share capital
The force patrol public spaces to enforce bans on alcohol, music and prayer time store closures
A meeting of oil producers is planned for Sunday in Doha
The last chapter of an 800-page inquiry into the attacks has been classified for 13 years
The agency said it also considered Saudi Arabia’s geopolitical risks to be high
The Saudi government imposed a ban on cement exports in 2008
Activists have been pushing to have women drive in the kingdom
The kingdom is expected to soon introduce a permanent residency programme
The decision could see the territories used for a proposed bridge between the two countries
A video shows a player being given a last-minute haircut before a match
New legislation comes as the country tries to tackle a diabetes epidemic
New deal is aimed at boosting the Egyptian economy and includes funds for an economic free zone