New Benefits to Offset Reform Costs for Average Saudi Household, Merrill Lynch Says

Deputy Crown Prince Mohammed bin Salman.
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.

Saudi Arabia

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Giving up control of Brussels mosque, Saudi Arabia sends a signal

Saudi Arabia has agreed to give up control of Belgium’s largest mosque in a sign that it is trying to shed its reputation as a ...


Change in Saudi Arabia

Commentary: Tide of change sweeps through Saudi Arabia

The year 2018 will be a year of major social changes for the Kingdom of Saudi Arabia. These changes are expected to dramatically change Saudi ...


Saudi Women

Saudi women should not have to wear abaya robes, senior cleric says

A senior religious cleric said women should not be forced to wear abayas — the full-length robe that women don in public to cloak their bodies. ...


ACWA Power

Saudi ACWA Power sees $4.5bn in local project tenders

Saudi Arabian utility developer ACWA Power expects to submit tenders for projects this year worth $4.5 billion in Saudi Arabia and will also target projects ...



Strategic alliance expands between Saudi and Russia

Buying gas directly from Russia will give Saudi Aramco great flexibility in selling more crude oil in the open market during peak summer months when ...


Saudi Households

Saudi households to be $64-a-month better off after reforms, report finds

Saudi Arabia recently introduced financial grants aimed at easing the impact of removing subsidies and other ongoing economic reforms under the Vision 2030 strategy. ...



King Salman gives desalination in Saudi Arabia a boost with new mobile plants

Saudi Arabia’s King Salman has given the water sector a boost with plans to spend as much as SR175 million ($46.6 million) each year on ...


Ritz-Carlton Riyadh

Saudi Ritz-Carlton reopens after stint as lavish prison

The Ritz-Carlton in Riyadh is now open to commoners again, three months after it was first converted into a lavish prison for high-profile Saudis. ...



Saudi Telecom Signs $1.8 Billion Soccer Deal: Audio

Saudi Telecom Company Group CEO Khaled Biyari discusses the company's earnings, performance and a $1.8 billion soccer broadcast rights deal. ...


Saudi Cinema

Vue International To Open 30 Multiplexes In Saudi Arabia

Leading exhibitor Vue International is to open 30 cinemas in Saudi Arabia after striking a landmark deal with real estate group Abdulmohsin Al Hokair Holding. ...


Women in Law Enforcement

Saudi Arabia to recruit female investigators

Saudi Arabia has launched the recruitment of female investigators, according to a local media report. ...


Travel and Tourism

Saudi Arabia to promote 250 ancient caves for tourism

Human beings had a fascination for caves from the time of the early man, and caving has always attracted tourists of all kinds from hardcore ...


Debt Finance

Italy’s SACE plans to back $1.6 billion in debt to Saudi Arabia

Italy’s export credit agency SACE plans to back $1.6 billion in loans to Saudi Arabia over the next 12 to 18 months, the agency’s chief ...



Saudi Arabia sentences citizen to 20 years for Molotov cocktail attack

A Saudi court sentenced on Sunday a citizen to 20 years in jail for a Molotov cocktail attack that targeted an intelligence building, local media ...


Saudi +

Regional and related topics


Israel warns over Iran’s presence in Syria after air strikes

Israel issued stark warnings on Sunday over Iran's presence in neighbouring Syria after a confrontation threatened to open a new and unpredictable period in the ...


Tillerson ME Trip

Tillerson kicks off tense Middle East trip in Egypt

Tillerson was already facing confrontational talks at almost every stop on his five-country tour. The strains grew even more taut when Egypt launched an offensive ...



Turkey: Relations with US at make-or-break point

Turkey claims US forces in Syria are intentionally stalling the fight against the "Islamic State" to justify cooperation with Kurdish fighters. US Secretary of State ...


Payment Problems

Payment Delayed: The Economic Risk of Gulf Contracting Practices

Like the Bin Laden Group and Saudi Oger, Carillion has proved that the construction of megaprojects in the Gulf, however lucrative and central to state-led ...


Global Oil Markets

UAE, Saudi Arabia look at increasing crude and product supply to Asia

Opec producers led by the UAE and Saudi Arabia will increase their push towards locking in long-term crude and oil product contracts in Asia as ...



Perspective: Trump Is All Talk on Iran

The president has wooed Saudi Arabia and Israel with promises to roll back Iranian influence—but he has so far failed to match those words with ...



Bombing of Chinese separatists in Afghanistan is a sign of how Trump’s war there has changed

The expansion of the U.S. bombing campaign in Afghanistan to target a little-known Chinese terrorist group is an example of how the 16-year-old war has ...



Yemen’s president appoints new central bank governor

Yemen's state-run TV says President Abed Rabbo Mansour Hadi has appointed a former finance minister as the head of the country's Central Bank, based in ...


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