SAUDI 2018 BUDGET

‘Largest Ever’ Budgeted Expenditure for Saudi Arabia in 2018 as Kingdom Looks to Propel Growth

Crown Prince Mohammed bin Salman.
Government officials unveiled Saudi Arabia's largest budgeted expenditure ever as the Kingdom looks to propel economic growth following two years of reduced spending.

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Saudi 2018 Budget

Saudi Arabia’s ‘Largest Ever’ 2018 budget: Mohammed bin Salman Announces Expansionary Spending Plan

Saudi Arabia's 2018 budget may be its largest ever but the government must focus on the quality of spending, not just the quantity, according to ...

 

2018 Budget

Saudi Arabia Unveils Its 2018 Budget: Economists’ Reaction

Saudi Arabia released its second budget since unveiling proposals to reduce the kingdom’s dependence on oil. Here economists comment on the numbers, prospects for crude ...

 

War in Yemen

Saudi Arabia intercepts Houthi missile fired toward Riyadh; no reported casualties

The Iran-aligned Houthi movement said it had aimed the missile at the Saudi royal court at al-Yamama palace, where a meeting of Saudi leaders was ...

 

Oil Price

Saudi Arabia Sees Higher Oil Revenue as OPEC Cuts Boost Prices

The top OPEC producer expects to collect 492 billion riyals ($131 billion) from oil sales in 2018, compared with 440 billion riyals this year, the ...

 

Aramco Investing

Saudi Arabia Searches for U.S. Shale-Oil Deal

Saudi Arabia is hunting for an energy deal in American shale country, as it scopes out its first international oil-and-gas production investments ahead of its ...

 

Corruption Crackdown

Saudi Arabia to Freeze More Bank Accounts in Crackdown

Saudi Arabia’s crackdown on alleged corruption showed no signs of letting up, with more people being questioned and banks freezing more accounts, according to people ...

 

Economic Reforms

Saudi Arabia — A Kingdom under Transformation

Inclusion in MSCI and FTSE (to be considered in March 2018) could lead to inflows of several billions of dollars into Tadawul – not only ...

 

IT

‘Saudi Arabia has almost double international rate of smartphones’

Saudi Arabia has more than 44 million mobile phone subscribers and an 88 percent rate of smartphone ownership, which is almost double the international average, ...

 

Qatif Unrest

Most wanted man in Qatif attack killed in Saudi Arabia

Al Arabiya sources confirmed that terrorist Salman Ali Salman al-Faraj was killed in Awamiya, eastern province of Saudi Arabia, after confrontations with the police forces. ...

 

Qatar Dispute

Saudi permanently closes only land border with Qatar

According to a letter issued by Saudi Arabia's customs directorate on Tuesday, the Salwa border gate had been shut-off permanently since Monday night. ...

 

Saudi +

Regional and related topics

War in Yemen

Saudi-led coalition says to keep port open, air strikes kill at least 9 Yemenis

The Saudi-led coalition fighting in Yemen said on Wednesday it would keep Yemen’s Houthi-controlled Hodeidah port open for a month, despite a fresh missile attack ...

 

Iran in the Region

U.S. Accuses Iran of Missile Attack on Saudi Arabia Launched From Yemen

The United States has said it believes Iran was behind the most recent attempted attack on Saudi Arabia after a ballistic missile fired from Yemen ...

 

National Security Strategy

How Trump’s National Security Strategy Will be Read in the Gulf

Above all, as with many U.S. partners around the world, they will strongly welcome the clear commitment in the new NSS to valuing, respecting, and ...

 

Salafism

Perspective: Saudi Arabia is trying to contain the spread of Salafism. It won’t work.

Salafism took decades to develop, and while the Saudi moves may briefly hobble its progress, they cannot stop a transnational ideology that already has its ...

 

Iran in the Region

How Iran, the Mideast’s new superpower, is expanding its footprint across the region – and what it means

Iran has achieved milestones of leverage and influence that rival any regional power in the past half-century. While there are limits to how far it ...

 

War in Yemen

Trump Nominee Concedes Saudi Siege of Yemen Could Be Violating U.S. Law

In written answers to the Senate Foreign Relations Committee last month before her confirmation Tuesday, Jennifer Newstead moved away from the State Department’s previous policy ...

 

Israel-Palestine

The Latest: Palestinian leader in Saudi Arabia amid turmoil

Palestinian President Mahmoud Abbas has arrived in Saudi Arabia for talks with King Salman and his heir, Crown Prince Mohammed bin Salman, following a U.S. ...

 

Women in Algeria

Defying Algeria’s odds to become a female mayor

Her victory is particularly surprising because of the nature of Chigara, an eastern town rooted in traditions where women rarely take up leading public roles. ...

 

Salvator Mundi

Louvre Abu Dhabi to unveil Salvator Mundi Leonardo painting ‘very soon’ – Entertainment

The new Louvre Abu Dhabi museum is "very proud" to have acquired a painting by Leonardo da Vinci that sold for a staggering $450 million ...

 

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