In a surprise move, the Saudi royal excused on October 31 Ibrahim Al-Assaf, the Minister of Finance from his post and replaced him with the market regulator Mohammed Al-Jadaan, formerly head of the kingdom’s Capital [ More … ]
Saudi Arabia announced that it will soon choose a site for its first nuclear power plant as the world’s biggest crude exporter seeks to diversify its sources of energy, said Bloomberg Speaking at the Oil [ More … ]
The Saudi Arabian Monetary Agency, as the central bank is known, decided to give banks about 20 billion riyals ($5.3 billion) in the form of time deposits “on behalf of government entities”, introducing seven-day and [ More … ]
Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than $20 billion of projects and slash ministry budgets by a quarter, reported Bloomberg. [ More … ]
Saudi Arabia’s Deputy Crown Prince, Mohammed bin Salman, is in the U.S. this week on a charm offensive to promote his country’s new plans for economic engagement and its foreign policy, a visit that comes [ More … ]
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