Saudi Arabia to Boost Spending Next Year as Foreign Reserves Reach New Lows

Crown Prince Mohammed bin Salman.
Saudi Arabia will boost state spending next year despite shrinking foreign reserves as the Kingdom looks to turbo charge economic growth, according to reports.

Saudi Arabia

News, analysis, and more

Women's Rights

Saudi Arabia will allow women to attend sporting events in stadiums

Saudi Arabia’s General Sports Authority made the announcement on Sunday, tweeting that preparations will begin to “accommodate families” in three stadiums in the major cities of ...


Future Investment Initiative

Some answers and ambivalence from the ‘Saudi Davos’

There was certainly enthusiasm for the great Saudi project, and a consensus that the change planned for the Kingdom was a good thing. A couple ...


Saudi Capital Markets

Transforming Saudi Arabia’s Capital Markets




Oil Investors Roll the Dice on OPEC After Saudi Prince Ups the Ante

The OPEC trade is back, and Saudi Arabia is in the driver’s seat. Just before the de facto OPEC leader doubled down on its plan to ...


Foreign Reserves

Saudi foreign reserves continue slide, lowest since April 2011

The bank’s net foreign assets shrank by $2.4 billion from August to $477.6 billion, down 12.6 percent from a year earlier. They peaked at $737 ...


Vision 2030

Perspective: The Saudi revolution: It’s time for skeptics to stop doubting

We will not deny that even the Saudi people themselves remembered previous attempts and visions that promised change and development, which also failed in execution ...


U.S.-Saudi Relations

Jared Kushner traveled unannounced to Saudi Arabia

Jared Kushner and other senior White House advisers traveled to Saudi Arabia last week to continue discussions on Middle East peace, a White House official ...


Saudi Stock Market

Saudi Arabia’s stock market to get major boost from FTSE index inclusion

In a major boost to the Saudi Arabian stock market, the Kingdom is to be included in a series of global indexes investors use to ...



Saudi FM Says Iran Major Obstacle to Peace Efforts in Yemen

Saudi Arabia's foreign minister says Iran’s hostile policy is the major obstacle to solving the crisis in Yemen, where Riyadh is leading a military alliance ...


Robot Citizen

Saudi Arabia, which denies women equal rights, makes a robot a citizen

Sophia’s recognition made international headlines — and sparked an outcry against a country with a shoddy human rights record that has been accused of making women second-class ...


Moderate Islam

Saudi Arabia vows to eradicate extremism

“We are returning to what we were before — a country of mod­erate Islam that is open to all reli­gions, traditions and people around the ...



SABIC chief calls for Saudi petchems firms to merge

Saudi petrochemicals firms should merge to boost their competitiveness and look to expand abroad, the head of the major industry player Sabic said on Monday. ...


2018 Spending

Saudi Arabia to boost spending next year in push to revive growth

Mohammed al-Jadaan told the Financial Times that Riyadh would set out an expansionary budget in 2018 to respond to the needs of the struggling private ...


U.S.-Saudi Commerce

US, Saudi Arabia join forces on public procurement reform

The US Department of Commerce, in collaboration with the Saudi Arabian General Investment Authority (SAGIA), discussed the Saudi government’s procurement system and the Kingdom’s ongoing ...


Jeddah to Baghdad

Saudi Arabian Airlines resumes flying to Iraq after 27 years

The carrier’s director general, Saleh bin Nasser al-Jasser, will accompany reporters and passengers on the first flight to depart from the Saudi city of Jeddah to ...


Renewable Energy

Saudi Aramco backs investment into diesel engine

Oil and Gas Climate Initiative (OGCI), which includes BP, Shell and Total, invested into Achates Power ...


Saudi +

Regional and related topics

Middle East Peace

Jared Kushner made unannounced trip to Saudi Arabia

On his third trip to Saudi Arabia this year, Kushner, whose White House portfolio includes the Middle East, left the U.S. on Wednesday and returned ...



Analysis: Two undeniable shifts in today’s energy markets

A couple of huge structural shifts are coming for the energy sector over the next few decades, thanks to the growth of certain technological and ...


Kurdish Referendum

Iraqi Kurdish leader to step down over fallout from independence poll

Masoud Barzani is to step down as Kurdish president after the contentious independence referendum he called backfired spectacularly, with the Kurds of northern Iraq stripped ...


Qatar Crisis

Qatar emir says open to Trump-hosted talks over Gulf crisis: CBS

Qatar’s ruler said he is ready for U.S.-hosted direct talks aimed at solving the worst diplomatic crisis in the Gulf in years but has yet ...


Anti-ISIS Campaign

When the Islamic State Comes to Town

A RAND project – not funded by an external sponsor, but pursued for the public interest – examined ISIL's governance over its self-styled caliphate, by ...


War in Yemen

‘Come back to negotiating table,’ Saudi ambassador urges Yemen

“Our goal now is to promote a political solution, and push the Yemeni parties to engage with the international envoy, in order to return to ...



Russian-backed Syria congress may happen next month, focus on constitution: RIA

A Moscow-backed congress of all Syria’s ethnic groups could take place in Russia as soon as next month and launch work on drawing up a ...



Iran says it’s signed its first agreement tied to LNG

The announcement comes one week after Pars Oil and Gas Co., the National Iranian South Oil Co., and a handful of others said they signed ...



Afghan Taliban say kidnapped U.S. professor is seriously ill

The Afghan Taliban said on Monday that Kevin King, one of two professors from the American University of Afghanistan who were kidnapped at gunpoint in ...



Kuwait to pump $160 billion to develop five islands

Kuwait is planing a mega-project to develop five islands at an investment cost of $160 billion, which it is hoped will generate around $40 billion ...


Defense Innovation Unit Experimental

In first, DIUx hands off cyber pilot project to Army

The Defense Innovation Unit Experimental, or DIUx, moved a pilot project with commercial cybersecurity firm Tanium into a $750 million, five-year contract with the U.S. ...


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