In the early hours of Saturday morning, two of Saudi Arabia's most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia's total daily oil production and 5% of the world's crude supply and throwing the tense region into greater risk of conflict.
Saudi Arabia has named a new energy minister in Prince Abdulaziz bin Salman, a son of King Salman and older half brother of Crown Prince Mohammed bin Salman, to replace Khalid Al-Falih.
The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature "a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 unique lands."
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false" allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up.
Saudi Arabia’s decision to allow women to travel independently is being hailed a historic leap for gender equality in the Kingdom as women celebrate their new rights and freedoms enacted under King Salman and Crown Prince Mohammed bin Salman.
The Saudi BinLaden Group is seeking an advisor to help the troubled company restructure as much as $20-$30 billion in debt, according to a new report in Reuters.
Saudi Arabia is in talks with regional and global investors for its first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil.
The International Monetary Fund (IMF) expects real non-oil growth in Saudi Arabia to pick up in 2019 to 2.9% as government spending and confidence increase, according to reports, while real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent.
