Two separate reports from Bloomberg confirm that Saudi officials are eying meetings with major banking houses and technology giants during the Crown Prince's nearly three-week long visit to the United States.
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia's massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning.
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.
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).
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.