The Finance Ministry expects GDP to grow 7.5% this year, in line with the Fund’s latest projections. Current prices of oil, the kingdom’s main source of income, are well above the level Saudi Arabia …
Transfer of Power in Yemen to a Presidential Council: Political Context and Implications
The context and implications for this transfer of power suggest Saudi Arabia’s desire for a political solution to end the seven-year war and the ongoing political crisis raging since the February 2011 …
Transfer of Power in Yemen to a Presidential Council: Political Context and Implications
The context and implications for this transfer of power suggest Saudi Arabia’s desire for a political solution to end the seven-year war and the ongoing political crisis raging since the February 2011 …
Bank of America picks Standard Chartered to handle business in Saudi Arabia: Bloomberg
Bank of America (BAC) on Wednesday has picked U.K.-based Standard Chartered’s (SCBFF) (SCBFY) Yazaid Al-Salloom to run its operations in energy-rich Saudi Arabia, people with …
Saudi Arabia amends rules to attract foreign investment in real estate
The general public can give feedback until May 18. Business activity in Saudi Arabia’s non-oil private sector economy improved sharply in March as demand grew, and output and new orders continued to …
Saudi Arabia amends rules to attract foreign investment in real estate
The general public can give feedback until May 18. Business activity in Saudi Arabia’s non-oil private sector economy improved sharply in March as demand grew, and output and new orders continued to …
MBS threatened to move Saudi Arabia closer to Russia and China to punish Biden for ostracizing him, report says
The Biden administration has sidelined Crown Prince Mohammed bin Salman, which has dragged the US relationship with Saudi Arabia to a new low.
Saudi, Qatar set up business council to boost bilateral trade
Trade between the two Gulf countries amounted to SR2.7b in 2021 compared to SR8.3b in 2016 Dubai: Saudi Arabia and Qatar have formed a joint business council to boost bilateral trade. This comes after …
Sequoia, Prosus Back Saudi Food Startup Raising $170 Million
Sequoia Capital India and Prosus NV have backed a $170 million funding round for Saudi Arabian food and beverage technology startup Foodics, as global investors increasingly seek to back fast-growing …
White House stops asking Saudi Arabia to pump more oil to offset Putin’s price hike, report says, as US-Gulf relations hit new low
The US hoped Saudi Arabia would increase oil production after Biden banned Russian imports, but the Saudis repeatedly those requests.