According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC cuts are contributing to a reduction in global oil balances.
Currently, the state-utility Saudi Electricity Company acts as offtaker of all electricity generated in the Kingdom. However, the government plans to reorganize the power sector...
Secretary of state Rex Tillerson also contributed to this restoration in remarks on Wednesday to a Summit of American and Saudi business leaders in Washington....
Finance Minister Mohammed Al-Jadaan highlighted the Kingdom’s reform efforts under the National Transformation Program (NTP) and Saudi Vision 2030 at meetings of the World Bank...
Saudi Arabia said it made the decision to end the pay cuts and bring back bonuses because the government's financial position improved. But some analysts...
Health Minister Tawfiq Al-Rabiah said financial requirements in the health care sector are expected to rise over the coming years given the increasing number of...
Saudi princes and ministers recently appointed to new posts included Governor of Baha region Prince Dr. Hossam bin Saud bin Abdulaziz, Governor of Hail region...
A Saudi Arabian charitable foundation said on Monday it will give $50 million to the United Nations children's agency to help eliminate measles, the largest...
Turn-by-turn navigation still appears to be unavailable in the Middle East regions, which may explain why Apple hasn't added the countries to its iOS feature...
After years of climbing in the US and Europe, Yasmin Gahtani, who represents herself as the first Saudi certified climbing wall instructor (CWI), is on...
Former Saudi minister of civil affairs Khaled Al-Araj could be facing up to 10 years in jail for misusing his power, according to reports.
Saudi Gazette...
When federal prosecutors and agents learned the true extent of the releases, many were shocked and angry. Some had spent years, if not decades, working...
President Donald Trump’s vow to put “America first” includes a plan to drastically cut assistance to developing countries and merge the State Department with USAID,...
The United Nations secretary-general and high-ranking government officials from dozens of countries were meeting Tuesday in Geneva to drum up funds for war-torn Yemen, considered...
ISIS is losing those recruits to 19 other extremist organizations in Afghanistan. Those include al-Qaeda, the Taliban, and the Haqqani network, which holds seven Western...
The business and financial news network said that the section will report into CNBC shows such as Squawk Box directly from the International Financial Centre...
An influx of Arab entrepreneurs - most of them on short-term business visas - has transformed the city into a bustling multi-cultural hub with numerous...
Bahrain has told its public employees not to accept any scholarship or training offer from foreign missions unless they have a formal approval from the...
