The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia's powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply "anxiety," according to reports.
Ramadan officially begins in Saudi Arabia Thursday, as millions of Muslims in the Kingdom and around the world prepare for a month of fasting, which is intended to bring Muslims closer to Allah and remind them of those less fortunate.
Saudi Arabia's Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom's Child Maintenance Service in an attempt to "empower mothers and provide sustainable living and support, for them and their children," the Ministry said in a press release.
Renderings of the forthcoming Global Business School in Jeddah have been published online, depicting a massive building that will serve as a modern campus for the educational institution in Saudi Arabia's second largest city.
Saudi Arabia has embraced President Trump's decision yesterday to pull the United States out of the JCPoA, the agreement to curb Iran's nuclear ambitions by offering sanctions relief in exchange for Iran's compliance with non-proliferation standards.
At a ceremony in Riyadh yesterday, the Kingdom unveiled its plans to spend 50 billion riyals ($13.33 billion) by 2020 on a new 'Quality of Life 2020' initiative to promote entertainment, health, sports and education as part of a modernizing drive by Crown Prince Mohammed bin Salman.
Saudi Arabia’s King Salman has ordered protection for employees who report financial and administrative corruption, according to reports, an indication that the Kingdom is taking seriously its efforts to combat graft.