Saudi Arabia's Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom's crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety.
The average Saudi household will be sheltered from tough economic reforms by new royal grants and household allowance disbursements, a report on the Saudi economy by Bank of America Merrill Lynch (BofAML) said.
At a cost of $533 million, the Kingdom hopes to quickly bring on-line new water supplies to satisfy surging demand and “improve the quality of water services” in Saudi Arabia.
The palatial Ritz-Carlton in Riyadh may re-open in mid-February 2018 after it served as a makeshift detainment center for Saudi elites accused of corruption charges.
Saudi Arabia announced that it will lower the required minimum assets under management for qualified foreign institutions starting this month, according to Bloomberg and a statement by the Saudi Capital Markets Authority (CMA).
The Saudi Ministry of Culture and Information (MoCI) launched an official and certified account for Saudi cinema on Twitter yesterday and used its first tweet to proclaim the return of Saudi cinema.
Saudi Arabia said it intercepted a Yemeni rebel missile over Riyadh on Tuesday as residents reported a "loud boom" that shook buildings in the Saudi capital.
Saudi Arabia’s Ministry of Culture and Information has confirmed that commercial cinemas will be allowed to operate in the Kingdom as of March 2018, according to a statement by Minister Awwad Al-Awwad.
For the second time in a month, the Saudi military has intercepted and destroyed a ballistic missile that was launched from Yemen on Thursday. The missile did not cause any casualties.
