Saudi Arabia’s cabinet has approved a bankruptcy law that is likely to be a boost to the Kingdom's efforts to attract investment and provide protection for entrepreneurs, according to reports. King Salman has reportedly endorsed the new law.
Archaeologists from France's National Center for Scientific Research (CRNS) and their colleagues from the Saudi Commission for Tourism and National Heritage (SCTH) have discovered camelid sculptures "unlike any others in the region."
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.
Construction of what is planned to be the world's tallest skyscraper in Jeddah is going ahead following the release of Saudi Arabia's Prince Alwaleed bin Talal, the head of the consortium behind the $1.5 billion project said.
The Saudi Arabian economy will grow by an estimated 1.5 percent in 2018, up from a contraction in 2017 of -0.7 percent, according to a new report from Riyadh-based economic analysts at Jadwa Investment.
The first spokeswoman for the Royal Embassy of Saudi Arabia, Fatimah Baeshen, said in an interview that the Kingdom is not sacrificing culture or values with its Vision 2030 economic and social reform program and that the program has "something for everyone" in Saudi Arabia.