SAMA FX reserves rose by $1.8 billion month-on-month to stand at $506 billion in June, a recently released report by Jadwa Investment said, noting that FX reserves have risen by $10 billion during the year so far.
Global equity index compiler S&P Dow Jones Indices will upgrade Saudi Arabia’s bourse to emerging market status from a stand-alone market next year, becoming the latest in a series of index firms to promote Riyadh.
MIT Professional Education is launching a new collaboration with Al Yamamah University (YU) aimed at "promoting diversity at institutions of higher education and supporting the country’s overall development and sociocultural evolution," the prestigious university announced on its website.
Saudi Arabia, Kuwait and the United Arab Emirates will soon announce an "integrated program" to support Bahrain’s economic reforms and its fiscal stability, Reuters reports, citing a joint statement from the three Gulf states on Tuesday.
Saudi Minister of Energy Khalid Al-Falih said OPEC and other producers are likely to gradually revive oil output in the second half of the year to ease consumer anxiety as prices trade near $80 a barrel, according to reports.
Saudi Arabia's Crown Prince Mohammed bin Salman has landed on the Forbes list of the world's most powerful people for the first time, ranking the powerful young leader within the top 10.
Saudi Arabia has embraced President Trump's decision yesterday to pull the United States out of the JCPoA, the agreement to curb Iran's nuclear ambitions by offering sanctions relief in exchange for Iran's compliance with non-proliferation standards.
Rising optimism around global economic growth coupled with continued OPEC compliance to output targets and rising geopolitical tensions all contributed to pushing Brent oil prices to near 2014 highs, according to a recent report on the oil market by Riyadh-based Jadwa Investment.
