Kingdom Ends Corruption Crackdown with $106 Billion Recovered

Saudi investigators have recovered assets worth more than $106 billion in an anti-corruption crackdown ordered by Crown Prince Mohammed bin Salman, the royal court said on Wednesday.

Saudi Arabia

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Corruption Crackdown

Saudi prince’s anti-corruption sweep ends with $106B netted

The Royal Court said the work of an anti-corruption committee formed to oversee the sweep headed by Crown Prince Mohammed bin Salman had concluded its ...


Oil Prices

Saudi Arabia may hold most oil prices to Asia steady in March, Venezuela impact eyed

Saudi Arabia is expected to keep prices for most of the crude grades it sells to Asia little changed in March, with most attention on ...


Saudi Payments

U.S. Businesses Complain Saudi Arabia Is Slow to Pay

General Dynamics’ remarks on Wednesday were a rare public airing of payment delays that defense company executives say have long plagued sales to Saudi Arabia, ...



Saudi economy grows 2.21 percent in 2018

Saudi Arabia’s economy grew at a pace of 2.21 percent in 2018, recovering from a contraction in the previous year, helped by higher oil prices, ...



Five things to know: Saudi International Golf Tournament

The World’s Number One, Two and Three ranked players will tee it up at the Saudi International powered by SBIA, as Justin Rose, Brooks Koepka ...


Solar Power

Saudi’s Solar Dreams: Why The Kingdom Can’t Have It All

In 2012 Saudi Arabia announced plans to invest US$109 billion in solar power. A third of its electricity would be derived from solar. Oil was ...


2020 Census

Saudi Arabia announces 2020 census

Economy and Planning Minister Mohammed Al-Tuwaijri on Wednesday said March 17, 2020, will be the start date for the Kingdom’s fifth General Census of Population, ...


Yemen Civil War

U.S. lawmakers seek to force Trump decision on Saudi Yemen war

U.S. lawmakers said on Wednesday they expect Congress will pass a resolution ending U.S. involvement in the Yemen war, which would force President Donald Trump ...



Saudi Arabia forecast to see continued tourism growth

Saudi Arabia will see continued growth in the hotel sector across the Kingdom of Saudi Arabia, fuelled by increasing demand from tourists, according to Savills, ...



Iranian-made Houthi drone intercepted over Saudi Arabia

Arab coalition forces on Wednesday intercepted and destroyed an Iranian-made drone used by Houthis over Abha in Saudi Arabia. Saudi Royal Air Force's defense system caught the drone, which was ...



Camels huddle as floodwaters sweep across eastern Saudi Arabia: Video

At least 12 people were killed as floods swept though the east coast of Saudi Arabia, Saudi Civil Defense said on Jan. 30. Ten of ...


Saudi Football

Toronto FC’s all-time leading scorer Sebastian Giovinco has left the club to join Saudi club Al-Hilal.

Unwilling to meet the Italian star's contract demands, Toronto FC sold Giovinco to Saudi Arabian club Al-Hilal FC on Wednesday. ...



Canadian builder denies Saudi Arabia exit plan

SNC-Lavalin commits itself long-term to Saudi Arabia following media reports suggesting it may stop operations in the Gulf kingdom ...


Apple Hack

Apple thanks Saudi for detecting security flaw

Fatima Al-Harbi has attracted Saudi and global attention for discovering a security flaw in the most powerful security systems of Apple, Microsoft and Linux. ...


Saudi +

Regional and related topics

Global Oil Markets

Oil prices extend rise this month on signs of tighter supply

Oil prices rose for a third straight day on Thursday on tighter supply after U.S. sanctions on Venezuelan exports and lower-than-expected U.S. fuel stocks, extending ...


U.S. Congress

Perspective: What the New Congress Means for U.S.-Gulf Relations

The upcoming challenge will therefore not merely be a matter of fending off criticism and restrictions but also one of rebuilding frayed relations and emphasizing ...



Europe To Launch Financial Mechanism To Conduct Business In Iran

The so-called special-purpose vehicle (SPV), expected to come into force on January 31, will help European firms with legitimate business interests to use barter techniques ...


War in Yemen

Saudi-led coalition ready to use ‘calibrated force’ to push Yemen port deal: UAE

The Houthis control Hodeidah while other Yemeni factions backed by the coalition trying to restore the internationally recognized government are massed on its outskirts. ...


Battery Power

The UAE has the world’s largest virtual battery plant

The batteries are installed in 10 different locations in Abu Dhabi, but they can be controlled as a single plant. Hence, the department of energy ...



Turkey in a pickle over Syrian olives

Kurds in Turkey and the Syrian region of Afrin, which Turkey now controls, have accused Turkish forces of stealing the region's olive crops. "After this area ...



Coups are becoming a thing of the past

Coups are becoming far rarer — particularly in Latin America, where there hasn't even been an attempt in nearly a decade, according to data compiled ...



Opinion: U.S. Needs a Real Solution Before Leaving Afghanistan

Peace could be closer than at any time since the U.S. invasion of Afghanistan in 2001. For a decade after that, Washington essentially refused to ...



Amnesty: Booking agents profit from war crimes

In a new report, Destination: Occupation, the organisation documents how online booking companies are driving tourism to illegal Israeli settlements and contributing to their existence and ...


IT Spend

Agencies Spent Record $64.7B on IT Contracts in 2018

The nearly $65 billion spent represents a 9.5 percent increase over fiscal 2017 levels, and includes higher levels of spending in cybersecurity ($6.4 billion), cloud ...



‘Quantum leap’ in AI-related patent filings: UN

In its first-ever "Technology Trends" report, WIPO found that some 340,000 AI-related patent applications have been filed worldwide since the term was first coined in ...


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